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The federal government wants to ban sales of electronic cigarettes to minors and require approval for new products and health warning labels under regulations being proposed by the Food and Drug Administration.
Orthopedic device maker Zimmer is buying privately held Biomet for about $13.35 billion in a move aimed at helping expand its product offerings and services.
The stock market closed mostly higher Thursday, helped by positive earnings out of several large U.S. companies including Apple and construction equipment maker Caterpillar.
First-quarter revenue at UPS slumped 12 percent as winter storms increased costs for the shipping giant and cut into its revenue. The Atlanta company said Thursday that the rough start to the year means that full-year earnings will come in at the low end of its earlier forecasts.
Verizon’s $130 billion deal to take over of all of Verizon Wireless is helping lift its profit.
Talks between the United States and Japan on a Pacific Rim trade pact have halted for now without any resolution in sight, spoiling plans for a showcase deal during President Barack Obama’s visit to Tokyo.
General Motors on Thursday reported its worst quarterly performance in more than four years as the costs of a series of recalls dragged down earnings.
Procter & Gamble Co.’s fiscal third-quarter net income rose 2 percent as it cut costs to offset sluggish sales in categories like beauty and family products.
Toyota Motor Corp. kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen. Toyota said Wednesday it sold a record 2.583 million vehicles.
Corporate deals and some solid earnings reports propelled the stock market to its sixth straight gain Tuesday. Stocks are rebounding from a slump earlier this month when investors dumped high-flying biotechnology and Internet stocks.
Swiss pharmaceutical giant Novartis AG announced a series of multibillion-dollar deals Tuesday with other major pharmaceutical companies that it said would reduce sales but boost profitability, while affecting some 15,000 of its employees globally.
Valeant Pharmaceuticals and activist investor Bill Ackman have unveiled details of their offer to buy Botox maker Allergan, proposing a cash-and-stock deal that could be worth about $45 billion.
Comcast Corp. said Tuesday its first-quarter net income rose by 30 percent as ad revenue surged at broadcast network NBC, helped by the Winter Olympics in Sochi and Jimmy Fallon’s elevation as host of “The Tonight Show.”
General Motors Co. has filed suit in a U.S. bankruptcy court asking a judge to protect the company from legal claims for actions that took place before it emerged from bankruptcy in 2009.
Harley-Davidson’s first-quarter earnings rose 18.7 percent as motorcycle sales grew worldwide and efficiency efforts took hold. The Milwaukee company says global sales of new motorcycles grew 5.8 percent in the quarter as buyers responded to its new models.