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Drugmaker GSK says first quarter revenue dropped 2 percent

The Associated Press  |  Posted   Apr 25th - 6:42am

Pharmaceutical and consumer goods maker GlaxoSmithKline says first-quarter revenue dropped 2 percent as a stronger pound offset encouraging sales of a new shingles treatment.

Strong travel demand lifts Boeing in first quarter

The Associated Press  |  Posted   Apr 25th - 6:39am

Rising demand for travel is providing Boeing with a huge tail wind, pushing earnings and revenue beyond Wall Street expectations in the first quarter.

International probe shuts down cyberattack provider

Mike Corder, Associated Press  |  Posted   Apr 25th - 6:38am

In a major hit against cybercriminals, an international police operation has taken down what investigators called the world's biggest provider of potentially crippling Distributed Denial of Service attacks.

Juul maker to invest $30M to combat underage vaping

The Associated Press  |  Posted   Apr 25th - 6:34am

The maker of a much-debated e-cigarette popular with teenagers says it will spend $30 million in an effort to keep its products out of the hands of children.

Russia's Supreme Court rules against Navalny

The Associated Press  |  Posted   Apr 25th - 6:32am

Russia's Supreme Court has upheld a criminal conviction against opposition leader Alexei Navalny and his brother.

Insurer Anthem's earnings jump 30 pct as medical costs fall

Tom Murphy, Associated Press  |  Posted   Apr 25th - 6:31am

Anthem's first-quarter earnings shot up 30 percent, and the Blue Cross-Blue Shield insurer hiked its 2018 forecast, as a drop in medical expenses bolstered its performance.

Global stocks slide, futures point to weak Wall Street open

Yuri Kageyama, Associated Press  |  Posted   Apr 25th - 6:15am

Global shares dropped Wednesday and Wall Street was set to edge slightly lower on the open amid worries over a rise in the cost of borrowing and companies' raw materials.

Airbus, Dassault to develop new European fighter jet

The Associated Press  |  Posted   Apr 25th - 5:50am

European plane maker Airbus and France's Dassault Aviation have agreed to join forces in developing and producing a new European fighter jet.

Twitter is profitable again in 1st quarter, grows overseas

The Associated Press  |  Posted   Apr 25th - 5:45am

Twitter, driven by strong growth overseas, swung to a profit during the first quarter of the year, its second profitable quarter ever after a strong finish last year.

Dog bites woman during argument on NYC subway

The Associated Press  |  Posted   Apr 25th - 5:43am

New York City police are searching for the owner of a dog that attacked a woman during an argument on the subway.

Man charged over Mont Saint-Michel incident

The Associated Press  |  Posted   Apr 25th - 5:43am

French prosecutors have charged a 36-year-old man with threatening to attack security services at Mont Saint-Michel, one of the country's most-visited tourist sites.

Comcast challenges Murdoch with rival bid for UK-based Sky

Danica Kirka, Associated Press  |  Posted   Apr 25th - 5:37am

U.S. media giant Comcast offered Wednesday to buy British broadcaster Sky Plc for 22 billion pounds ($30 billion), topping a controversial bid from Rupert Murdoch's 21st Century Fox.

Mixed signals from Trump on VA nominee as allegations build

Hope Yen, Zeke Miller and Ken Thomas, Associated Press  |  Posted   Apr 25th - 5:29am

His nomination in peril, Veterans Affairs nominee Ronny Jackson fought to convince lawmakers of his leadership abilities as more details of accusations against him emerged, ranging from repeated drunkenness to a toxic work environment as he served as a top White House doctor.

Louisiana: $1.5 billion in tax breaks for $9.4 billion plant

Janet McConnaughey, Associated Press  |  Posted   Apr 25th - 5:07am

State and local governments in Louisiana have offered an estimated $1.5 billion in incentives to persuade a Taiwanese company to locate a $9.4 billion plastics complex along the Mississippi River upstream from New Orleans, Louisiana Economic Development Secretary Don Pierson said.

The Latest: Sky reconsiders Fox offer after Comcast bid

The Associated Press  |  Posted   Apr 25th - 5:02am

The Latest on the rival bids to take over U.K. pay TV operator Sky (all times local):

Sky says it is withdrawing its recommendation to shareholders to accept 21st Century Fox's takeover bid

The Associated Press  |  Posted   Apr 25th - 4:57am

Sky says it is withdrawing its recommendation to shareholders to accept 21st Century Fox's takeover bid.

Strong 1st quarter from Comcast, and a $30B bid for Sky

The Associated Press  |  Posted   Apr 25th - 4:55am

Comcast, continuing to see the loss of cable subscribers during an otherwise strong first quarter, formalized its bid for Britain's Sky satellite with a $30 billion offer.

Drugmaker Takeda agrees to buy Shire for $64 billion

The Associated Press  |  Posted   Apr 25th - 4:53am

Japanese drugmaker Takeda has reached a tentative agreement to buy Ireland-based Shire for 46 billion pounds ($64 billion) in one of the biggest pharma deals to date.

Germany trims 2018 growth forecast, but outlook still strong

The Associated Press  |  Posted   Apr 25th - 4:47am

The German government trimmed its economic growth forecast for this year to 2.3 percent on Wednesday, though it said the outlook remains good and is predicting that growth next year will be almost as strong.

Chinese automaker plans electric car production in SAfrica

Joe McDonald, Associated Press  |  Posted   Apr 25th - 4:27am

A state-owned Chinese automaker announced plans Wednesday to produce electric vehicles in South Africa, highlighting the growing role of the world's largest auto market in a technology seen as the global industry's future.