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  • Applied Materials' Tokyo Electron deal ends in DOJ roadblock

    SANTA CLARA, Calif. (AP) — Applied Materials has called off its $9.4 billion acquisition of Tokyo Electron Ltd. after hitting a regulatory roadblock. The companies said that they were told by the Department of Justice that there remained antitrust concerns about a deal that would have merged two of the world's biggest semiconductor industry...

  • Man accused of staging boat crash now faces more charges

    MAYS LANDING, N.J. (AP) — A New Jersey man who disappeared after authorities say he staged a boating accident is now facing more charges. Atlantic County prosecutors say the charges are included in a superseding indictment recently handed up by a county grand jury against Andrew Biddle, 45, of Egg Harbor Township, and Tracy Blumenstein, 49, of...

  • Business Highlights

    ___ With economy uncertain, no Fed rate hike is seen before fall WASHINGTON (AP) — For 6 ½ years, the Federal Reserve has held its key interest rate near zero, and for nearly that long the financial world has speculated about when the Fed will start raising it. Don't look for it soon. That's the view of most economists, who say a...

  • Ex-executive gets prison for $27M insider trading scheme

    NEW YORK (AP) — The former chief information officer at a California-based technology company who spent years in the Air Force and CIA before entering the corporate world was sentenced Monday to 6½ years in prison for an insider trading scheme that authorities say produced $27 million in illegal profits. The judge said a lengthy prison term...

  • Container Store plunges on 4Q slump and annual outlook

    COPPELL, Texas (AP) — Shares of The Container Store Group Inc. plunged in aftermarket trading Monday after the storage and organization-products retailer posted disappointing fourth-quarter results and gave a weak forecast for its current fiscal year. The company's stock tumbled $5.40, or almost 25 percent, to $16.29 in aftermarket trading....

  • Rates mixed at weekly US Treasury bill auction

    WASHINGTON (AP) — Interest rates on short-term Treasury bills were mixed in Monday's auction with the rate on three-month bills declining to the lowest level since early March, while the rate on six-month bills rose. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.020 percent, down from 0.025 percent...

  • Unhealthy ending: Stocks fall as health care shares weigh

    NEW YORK (AP) — U.S. stocks are closing lower as health care companies weigh on the market and investors await a flood of earnings reports. Stocks appeared headed for new highs in the morning Monday, but then drifted lower, led by declines in health care. Mylan, a maker of generic drugs, slumped nearly 6 percent, after rejecting a $40 billion...

  • Sarkar named AP's deputy editor for east region

    PHILADELPHIA (AP) — Pia Sarkar, a veteran reporter, editor and newsroom leader, has been named deputy editor for the east for The Associated Press, charged with helping to oversee news coverage in 10 states. The appointment was announced Monday by Karen Testa, editor for the news cooperative's east region, which includes New England, New...

  • DuPont and Mylan are big market movers

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE DuPont Co., up $3.29 to $74.81 Institutional Shareholder Services said investor Nelson Peltz, who is seeking to break up the chemical maker, should be given seats on its board. Deutsche Bank AG, down...

  • Figures on government spending and debt

    WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

  • Chipotle says removal of GMO ingredients from food complete

    NEW YORK (AP) — Chipotle says it has completed phasing out genetically modified ingredients from its food, making it the first national fast-food chain to do so. The Denver-based chain had already been using mostly non-GMO ingredients, but was working on making final changes to its tortillas. The Food and Drug Administration maintains that...

  • Maine lawmakers eye hayride regulations after deadly crash

    AUGUSTA, Maine (AP) — Maine must ensure that hayrides are inspected to help prevent accidents like one that killed a 17-year-old girl and injured more than 20 others last year, a state lawmaker said Monday. Republican Rep. Robert Nutting told the Criminal Justice and Public Safety Committee that someone who pays for a hayride should be able to...

  • Compromise GOP budget hikes war funds, targets 'Obamacare'

    WASHINGTON (AP) — House and Senate GOP negotiators neared agreement Monday on a budget blueprint that would enable Republicans controlling Congress to more easily target President Barack Obama's signature health care law while delivering an almost $40 billion budget boost to the Pentagon. The emerging plan relies on deep cuts to domestic...

  • United Airlines CEO's 2014 compensation tops $11.3 million

    CHICAGO (AP) — The CEO of United Airlines got a 39 percent increase in compensation last year, to more than $11.3 million, according to an Associated Press analysis. Jeffery Smisek also benefited from an increase in the value of pension benefits granted before 2014, but that change is not included in the AP's calculation for last year. The...

  • Peltz gets key backer in fight for influence at DuPont

    NEW YORK (AP) — Nelson Peltz gained a powerful backer Monday after the proxy advisory firm Institutional Shareholder Services said that change may be warranted at DuPont and recommended shareholders give the billionaire investor seats on its board. Peltz's Trian Fund Management is pushing the chemicals maker to split into two companies and it...

  • Starbucks breakdown shows how registers have evolved

    NEW YORK (AP) — A glitch that disabled registers at thousands of Starbucks stores Friday was a reminder of the invisible systems restaurants rely on to run increasingly sophisticated operations. Registers that once merely rang up tabs and stored cash have evolved into hubs that can collect enormous volumes of data and carry out many tasks....

  • Cuomo: NY is 1st state to offer English lessons by cellphone

    ALBANY, N.Y. (AP) — Gov. Andrew Cuomo says New York will be the first state to offer English-language lessons to Spanish speakers over their mobile phones. Cuomo announced the pilot program Monday. It's designed to help immigrants who don't have the time or means to get traditional language lessons. The service uses audio and texts and is...

  • Burger King heats it up with spicy Whopper and sales surge

    NEW YORK (AP) — The home of the Whopper enjoyed its biggest sales jump in nearly a decade in the U.S. and Canada during the first quarter, boosted by a pricier new flavor of its signature burger and an ongoing 2 for $5 promotion. Burger King's sales rose 6.9 percent at established locations in the U.S. and Canada, parent company Restaurant...

  • With economy uncertain, no Fed rate hike is seen before fall

    WASHINGTON (AP) — For 6½ years, the Federal Reserve has held its key interest rate near zero, and for nearly that long the financial world has speculated about when the Fed will start raising it. Don't look for it soon. That's the view of most economists, who say a still-subpar economy and still-low inflation will keep rates at record lows at...

  • Mylan rejects Teva's $40.1 billion buyout offer

    NEW YORK (AP) — Mylan N.V. rejected Teva Pharmaceuticals' $40.1 billion buyout offer, saying the cash-and-stock proposal undervalues the company. Mylan said that it won't think about starting talks unless Teva offers more than $100 per share, far above its current offer of $82 per share. After the rejection Teva said it is committed to...

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