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  • A look at microbrewery laws being considered nationwide

    Lawmakers around the country have been taking up various bills that cater to the growing microbrewery industry. Here are some of the efforts: ARIZONA Gov. Doug Ducey signed a bill Tuesday that allows microbreweries to make up to 6.2 million gallons of beer per year, removing the old limit of 1.2 million gallons. Under the previous rules,...

  • Valeant completes $11.11 billion buyout of Salix

    NEW YORK (AP) — Valeant Pharmaceuticals International Inc. completed its $11.11 billion buyout of Salix Pharmaceuticals Ltd. on Wednesday. In March, Valeant raised its offer for Salix to $173 per share from $158 per share, forcing rival bidder Endo International out of what had become a bidding war. Salix, based in Raleigh, North Carolina,...

  • 5 things to know about GM's revamped Chevy Malibu

    NEW YORK (AP) — General Motors tries again to gain traction in the popular midsize car segment with the introduction of the 2016 Chevrolet Malibu at the New York International Auto Show. Based on looks the car should be up to the task, but there are a lot of buyers out there consistently loyal to midsize heavyweights Toyota Camry and Honda...

  • Bull runs along: Stocks end 1Q up for 9th straight quarter

    NEW YORK (AP) — The bull market slowed to a trot but didn't stop this winter. Stocks have been buffeted since the start of the year by plunging oil prices, a surging dollar and worries about the timing of a potential rate increase by the Federal Reserve. None of that has been enough to keep the market from logging a small gain in the first...

  • US stocks edge lower in midday trading, continuing a slide

    NEW YORK (AP) — U.S. stocks are slipping in midday trading, continuing a downward trajectory from the day before. The Dow Jones industrial average fell 78 points, or 0.4 percent, to 17,698 as of 11:45 a.m. Eastern time Wednesday. The Dow slumped 200 points on Tuesday. The Standard & Poor's 500 index lost seven points, or 0.4 percent, to...

  • US manufacturing slows as orders and hiring weaken

    WASHINGTON (AP) — U.S. factories expanded last month at a weaker pace, with orders growing more slowly and hiring essentially flat. The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its manufacturing index slipped to 51.5 in March from 52.9 in February. It was the fifth straight drop. Still, any...

  • Survey: US businesses add 189k jobs in March

    WASHINGTON (AP) — U.S. businesses slowed their pace of hiring in March, a private survey found. The slowdown raises questions about how much of an impact falling oil prices, a stronger dollar and harsh winter weather have had on dampening economic growth. Companies added a seasonally adjusted 189,000 jobs last month, payroll processor ADP said...

  • US construction spending in February falls 0.1 percent in second straight monthly drop

    WASHINGTON (AP) — US construction spending in February falls 0.1 percent in second straight monthly drop.

  • US stock indexes open on a soft note, continuing declines

    NEW YORK (AP) — Stocks are opening April on a weak note, continuing their downward trajectory from the day before. The Dow Jones industrial average gave up 94 points, or 0.6 percent, to 17,660 as of 9:35 a.m. Eastern time Wednesday. The Dow slumped 200 points on Tuesday. The Standard & Poor's 500 index lost 11 points, or 0.5 percent, to...

  • By The Numbers: The New York International Auto Show

    The New York International Auto Show is open to the public April 3-12. Here are some facts about the show, by the numbers: 1900: First year that the New York Auto Show was held. It was the first auto show ever held in North America. 1,000: Number of vehicles that will be displayed over 950,000 square feet at the Javits Center. 63: Number of...

  • Simon calls off $16.8B bid to create mall colossus

    INDIANAPOLIS (AP) — Simon Property Group is calling off its hostile $16.8 billion takeover bid for Macerich, which would have tied together two of the nation's largest mall operators. The Indianapolis company upped its bid two weeks ago to $95.50 per share from $91, calling that its best and final offer and giving Macerich an April 1 deadline...

  • Sears in joint venture with General Growth Properties

    HOFFMAN ESTATES, Ill. (AP) — Sears has entered a joint venture with shopping mall owner General Growth Properties Inc. that will help it extract more value from its real estate holdings and increase its financial flexibility. Its shares climbed nearly 4 percent in Wednesday premarket trading. Sears has been taking a number of actions,...

  • Live in a Porsche? Designer labels draw Miami home buyers

    SUNNY ISLES BEACH, Florida (AP) — The wow factor for Miami's skyscraper condos no longer comes from a dazzling Atlantic Ocean view. It takes something more audacious to sell beachfront property these days to the global ultra-wealthy who arrive in Miami with millions to spend on second or third homes. It takes words invested with meaning in the...

  • MOVERS & SHAKERS

    Tim MacDonald has been hired as chief advancement officer at David C. Cook, a Colorado Springs-based Christian publisher. MacDonald has more than 20 years of experience at Focus on the Family, Woodmen Valley Chapel and other nonprofit and for-profit organizations. MacDonald will create, document and execute a five-year donor development plan....

  • Coroner: Death of Andrew Getty appears natural or accident

    LOS ANGELES (AP) — The death at a Hollywood Hills home Tuesday of Andrew Getty, one of the heirs to the fortune of one of the wealthiest and best-known families in American history, was most likely from natural causes or an accident, authorities and family members said. The death appeared to be from natural causes, Los Angeles County coroner's...

  • Purported kidnappers want apology from California police

    SAN FRANCISCO (AP) — Two major California newspapers say they've received emails from a person claiming responsibility for a woman's abduction, including one demanding that police apologize to the woman for calling it a hoax. The San Francisco Chronicle reported Tuesday the anonymous person wrote that Denise Huskins' ordeal last week was real,...

  • Asian stocks lackluster as Japan, China data shows weakness

    TOKYO (AP) — Asian stock markets were lackluster Wednesday as China's manufacturing remained weak in February and a Japanese central bank survey showed businesses are wary about the economic outlook KEEPING SCORE: Japan's Nikkei 225 stock index slipped 0.9 percent to 19,034.32 and South Korea's Kospi index lost 0.8 percent to 2,025.54....

  • Getty family says man found dead in Hollywood Hills home is oil fortune heir Andrew Getty

    LOS ANGELES (AP) — Getty family says man found dead in Hollywood Hills home is oil fortune heir Andrew Getty.

  • Judge denies open records lawsuit against Haslam

    NASHVILLE, Tenn. (AP) — A tax attorney who sued for the release of records from Gov. Bill Haslam's administration related to a $350,000 analysis of business tax collections in Tennessee said Tuesday that he likely will appeal a judge's denial of his lawsuit. Attorney Brett Carter had filed the lawsuit in chancery court alleging a "willful"...

  • Audit: NY Sandy relief program paid millions for flawed work

    NEW YORK (AP) — A program that was supposed to rebuild homes wrecked by Superstorm Sandy paid $6.8 million to contractors for work that was "flawed or incomplete," the city's comptroller said in an audit released Tuesday. Comptroller Scott Stringer's office examined the city's much-maligned Build It Back program, which was supposed to help...

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