Associated Press
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Eugene Fama, Lars Peter Hansen and Robert Shiller won the 2013 economics prize for their work on developing new methods to study trends in asset markets. Fama, 74, and Hansen, 60, are associated with the University of Chicago. Shiller, 67, is a professor at Yale University.
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Cyclone Phailin, the strongest to hit India in more than a decade, weakened Sunday after making landfall.
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Formerly a tropical storm, Karen hovered Sunday near Louisiana's southeast coast and threatened to lash vulnerable low-lying areas with heavy rain.
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A storm system smothered South Dakota and brought strong thunderstorms, heavy rain, hail and as many as nine tornadoes to Nebraska and Iowa.
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Forecasters were still expecting it to bring significant rain and potential flooding to low-lying areas.
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Major League Baseball will add two more wild-card teams to the playoffs starting this fall. It's the first playoff expansion since 1995, and it will create a wild card play-in game between the two teams with the best records that didn't win their divisions. For the first time, a third-place team could win the World Series.