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GE takes step away from banking with $12B deal

June 10, 2015 NEW YORK — General Electric will sell its private equity business in a deal valued at about $12 billion as it refocuses on its core businesses and exits a banking sector now under stricter oversigh. more »»

FDA backs first-in-class cholesterol drug

June 10, 2015 Federal health advisers on Tuesday recommended approval for a highly anticipated cholesterol drug from Sanofi and Regeneron Pharmaceuticals, but with the caveat that more data is needed about its... more »»

Musk: Model X SUV will be delivered in 4 months

June 10, 2015 Tesla Motors CEO Elon Musk says the company expects to start deliveries of its new SUV, the Model X, in three or four months. more »»

Airline group: Reduce size of carry-on bags

June 10, 2015 Millions of fliers might soon want to buy new carry-on suitcases. more »»

Apple wants a lead role in streaming music

June 9, 2015 SAN FRANCISCO — Apple’s iTunes helped change the way music-lovers bought their favorite songs, replacing plastic discs with digital downloads. more »»

American Pharoah owners racing to capitalize

June 9, 2015 NEW YORK — American Pharoah’s owners and thoroughbred racing now have a new race to run: A race to capitalize on the horse’s Triple Crown victory before the excitement fades awa. more »»

New trial ordered for Chicago-area lawyer

June 9, 2015 NEW YORK — A lawyer from an affluent Chicago suburb convicted in a multibillion-dollar tax shelter scheme that the government said protected some of the country’s richest people from paying much in... more »»

Westin joins Bloomberg Television

June 9, 2015 NEW YORK — Former ABC News President David Westin will now be going in front of the camera. more »»

Reviewing appeal over class-action suit

June 9, 2015 WASHINGTON — The Supreme Court agreed Monday to weigh new limits on the ability of workers to band together to dispute pay and workplace issues. The justices said they will review a $5. more »»

More jobs mean more economic security?

June 9, 2015 WASHINGTON — The U.S. economy is churning out a lot of jobs these days but not a lot of financial security for many of the people who hold them. Pay growth, though improving, remains tepid. more »»

G-7 leaders signal united front on Russia sanctions

June 8, 2015 ELMAU, Germany — German Chancellor Angela Merkel said Sunday she expects a meeting of the Group of Seven industrialized democracies to produce a “united signal” that sanctions against Russia can onl... more »»

Weyerhaeuser to do a $57 million expansion

June 8, 2015 PHILADELPHIA, Miss. — One of the largest employers in Philadelphia and Neshoba County is moving ahead with a $57 million expansion. more »»

Hundreds gather for protest against pipeline

June 8, 2015 ST. PAUL, Minn. — Thousands gathered Saturday to protest Minnesota’s proposed Sandpiper pipeline. The rally in St. Paul came one day after Minnesota regulators endorsed the $2. more »»

Card plan for urchins draws mixed response

June 8, 2015 PORTLAND, Maine — Fishermen and dealers of Maine’s valuable sea urchins are approaching a state plan to track the fishery with swipe cards with the same caution they exercise around the spiny... more »»

Spanish air controllers uphold strike threat

June 8, 2015 MADRID — Spain’s air traffic controllers say they are sticking to their threat to hold a partial strike in June just as the summer vacation season gets underway since no agreement has been reached... more »»

Money laundering investigation stymied by China, Italy says

June 6, 2015 FLORENCE, Italy — As Italy’s economy was heading off a cliff, police couldn’t help but notice that the country’s Chinese communities were booming. more »»

Wal-Mart keeps it all in the family, chair passed to Penner

June 6, 2015 FAYETTEVILLE, Ark. — Wal-Mart is passing the chairmanship of the world’s largest retailer from the eldest son of late founder Sam Walton to a third generation. more »»

Fed Chair Yellen won't provide some documents in probe

June 6, 2015 WASHINGTON — Federal Reserve Chair Janet Yellen is balking at turning over some of the documents ordered by a key House lawmaker in his investigation of a possible leak of market-sensitive... more »»

Strong jobs report jolts bond market

June 6, 2015 NEW YORK — It's been a tough week for bond investors. Bonds extended their slump on Friday, after a report showed the U.S. employers added 280,000 workers to their payrolls in Ma. more »»

IMF urges Fed to delay rate increase

June 5, 2015 WASHINGTON — What’s the hurry? The International Monetary Fund on Thursday urged the Federal Reserve to put off raising short-term interest rates until next year because the U.S. more »»



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