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Mylan tops 2Q profit forecasts

August 10, 2016 HERTFORDSHIRE, England — Generic drugmaker Mylan Inc. (MYL) on Tuesday reported second-quarter net income of $168.4 millio. more »»

Steady hiring is now benefiting a broader group of Americans

August 6, 2016 WASHINGTON — Years of steady job gains have finally begun to benefit a wider range of Americans, including those with less education and in lower-paying job. more »»

Bristol-Myers drug fails lung cancer study, shares plunge

August 6, 2016 NEW YORK — A blockbuster cancer treatment failed in a key study as the drug’s maker, Bristol-Myers Squibb, attempts to extend its usage for lung cancer patients. more »»

Amazon unveils first cargo plane

August 6, 2016 SEATTLE — Seattle-based Amazon is unveiling its first branded cargo plane, one of 40 jetliners that will make up the e-commerce giant's own air transportation network as it takes more control of its... more »»

US trade deficit hits $44.5 billion

August 6, 2016 WASHINGTON — The U.S. trade deficit increased to the highest point in 10 months, driven up by a big rise in imports of oil and Chinese-made goods. The deficit rose to $44.5 billion in June, 8. more »»

Newfoundland death triggers air bag probes in US, Canada

August 5, 2016 DETROIT — Auto safety regulators in two countries are investigating another deadly air bag problem that could affect up to 8 million vehicles. Investigators in the U.S. more »»

UK central bank tries to soften Brexit shock

August 5, 2016 LONDON — Britain’s central bank launched a range of economic stimulus measures Thursday meant to inject confidence back into an economy still reeling from the “yes” vote to leave the European Uni. more »»

Ford recalls 830K vehicles to fix faulty door latches

August 5, 2016 DETROIT — Ford is recalling about 830,000 vehicles in the U.S. and Mexico because parts in the side door latches can break and the doors can open while the vehicles are moving. more »»

Scammers, bug spray companies capitalizing on Zika fears

August 4, 2016 TRENTON, N.J. — Worried you might catch the Zika virus? Scammers and bug spray companies are counting on it. more »»

Time Warner invests in Hulu in win for cable cord-cutters

August 4, 2016 NEW YORK — In another win for cable cord-cutters, Time Warner has become the latest media company to invest in streaming service Hulu. more »»

Tesla loss grows as it falls short of sales goals

August 4, 2016 DETROIT — Electric car maker Tesla Motors Inc. more »»

Fed fines Goldman $36.3M

August 4, 2016 WASHINGTON — The Federal Reserve fined Goldman Sachs $36.3 million for what it called the use and disclosure of confidential materials that the U.S. uses in its supervision of banks. more »»

US consumer spending grew a solid 0.4 percent in June

August 3, 2016 WASHINGTON — American consumers turned in another strong month of spending in June despite a decline in spending on autos. Consumer spending rose a solid 0. more »»

Pfizer beats Street 2Q forecasts

August 3, 2016 Rising sales of Pfizer Inc.’s key new medicines and prospects that more drugs will be approved soon have analysts speculating the biggest U.S. drugmaker won’t break up after all. more »»

Aetna may abandon ACA exchanges

August 3, 2016 Aetna became the latest health insurer to cast doubt upon its future in the Affordable Care Act's insurance exchanges after it called off a planned expansion Tuesday and suggested it could abandon... more »»

July US auto sales rose slightly on weak demand

August 3, 2016 DETROIT — U.S. auto sales wilted in July, as hot weather and softening demand kept many buyers at home. Sales rose less than 1 percent over last July, to just over 1. more »»

Aging workforce puts strain on skilled manufacturing workers

August 1, 2016 CONCORD, N.H. — In a small town just south of New Hampshire’s capital, General Electric runs two plants filled with workers building jet engines for the world’s leading airline. more »»

US economy expected to pick up after weak growth in spring

July 30, 2016 WASHINGTON — A surprisingly lackluster economy last quarter served as a reminder of how choppy the pace of growth has been since the Great Recession ended seven years ago. more »»

Tesla looking at cameras, radar in Florida crash

July 30, 2016 DETROIT — Tesla engineers told members of a Senate committee they are looking into the role cameras and radar played in the fatal crash of a Model S using self-driving mode, according to two people... more »»

Cheap oil sends Exxon, Chevron profits down

July 30, 2016 DALLAS — Cheaper oil is leading to the lowest summer gasoline prices in years, and it is causing heartburn for oil companies and their shareholders. On Friday, Exxon Mobil Cor. more »»

 
 
 

 

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