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Archive: (16 Stories)

Group accuses Apple supplier of labor abuses

07/29/2013 4:10am
A labor rights group Monday accused a Chinese company that makes iPhones for Apple Inc. of abuses including withholding employees' pay and excessive working hours.

Pfizer sells key vaccine cheaply to poor countries

07/29/2013 4:34am
Drugmaker Pfizer Inc. has agreed to provide hundreds of millions of doses of its lucrative vaccine against pneumonia and meningitis at a fraction of the usual price for young children in poor countries.

Business events scheduled for Tuesday

07/29/2013 8:46am
Major business events and economic events scheduled for Tuesday:

AP, Meltwater settle copyright dispute

07/29/2013 9:00am
The Associated Press said Monday that it has settled a copyright-infringement lawsuit against digital news distributor Meltwater and that the two companies will begin developing products together.

Alterra Coffee changes name, splits with Mars

07/29/2013 9:39am
Alterra Coffee is changing its name and parting ways with Mars, Inc.

Bernanke to give deposition in AIG bailout lawsuit

07/29/2013 1:48pm
A U.S. judge has ordered that Federal Reserve Chairman Ben Bernanke can be questioned in a lawsuit against the government filed by the former head of American International Group Inc.

PPG Industries to sell subsidiary for $1.73B

07/29/2013 2:44pm
PPG Industries Inc. will sell its majority stake in lens supplier Transitions Optical to Essilor International for about $1.73 billion in cash.

Hudson's Bay buying Saks for about $2.4 billion

07/29/2013 2:56pm
Don't let the global economy fool you: Luxury is hardly dead.

AH Belo posts higher 2Q profit on lower revenue

07/29/2013 3:07pm
A.H. Belo Corp. on Monday reported that earnings rose, even as revenue fell, because the newspaper publisher saved money on salaries and newsprint.

Wynn 2Q earnings fall short as Macau growth stalls

07/29/2013 3:15pm
Wynn Resorts Ltd. said Monday that it made less money than expected in the Chinese gambling enclave of Macau, and its second quarter results missed analysts' forecasts.

Valeant to cut jobs, move Bausch + Lomb HQ

07/29/2013 3:34pm
Valeant said Monday that it will eliminate as much as 15 percent of its workforce and move Bausch + Lomb's headquarters to New Jersey as part of its $8.7 billion acquisition of the company.

Perrigo to buy Elan for $8.6B, seeks tax savings

07/29/2013 3:39pm
U.S. drugmaker Perrigo agreed Monday to buy Ireland's Elan for $8.6 billion in a deal that should allow the rapidly growing company to reduce its tax bill and boost its royalty stream.

Buffett auctions off personal tour of See's Candy

07/29/2013 3:41pm
Billionaire Warren Buffett is auctioning off an all-you-can-eat tour of the See's Candy factory in California to benefit an education nonprofit there. looks to fill 7,000 jobs in 13 states

07/29/2013 3:49pm Inc. says it is adding 7,000 jobs in 13 states, beefing up staff at the warehouses where it fills orders, and in its customer service division.

Caesars' 2Q loss shrinks but still misses estimate

07/29/2013 4:36pm
Casino operator Caesars Entertainment Corp. posted a smaller loss for its fiscal second quarter on Monday, but results still missed expectations, as slots and tables drew fewer gamblers.

US agency says JPMorgan manipulated power prices

07/29/2013 6:39pm
U.S. energy regulators are accusing JPMorgan Chase & Co. of manipulating electricity prices in California and the Midwest in 2010 and 2011.