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  • Senate bill would end NSA phone records collection

    WASHINGTON (AP) — Sen. Patrick Leahy on Tuesday introduced a bill to end the National Security Agency's bulk collection of phone records, a proposal that goes further than a similar House measure and has drawn support from civil liberties groups and the White House. The bill represents the latest step in fulfilling President Barack Obama's...

  • $1,000 Sovaldi now hepatitis treatment of choice

    WASHINGTON (AP) — The price is sky-high, but so is demand. A new $1,000-per-pill drug has become the treatment of choice for Americans with hepatitis C, a liver-wasting disease that affects more than 3 million. Even with insurers reluctant to pay, Sovaldi prescriptions have eclipsed those for all other hepatitis C pills combined in a matter of...

  • Biotech drugmaker Amgen laying off at least 2,400

    Biologic drugmaker Amgen said Tuesday that it will lay off 12 to 15 percent of its worldwide workforce and close four sites, even as it reported stellar second-quarter results that trounced Wall Street expectations. Amgen also raised its forecasts for its 2014 profit and revenue, driving up its shares. The maker of Prolia for osteoporosis and...

  • Study: 35 percent in US facing debt collectors

    WASHINGTON (AP) — More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute. These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student debt pile up, unpaid. Even past-due gym membership...

  • American Express 2Q profit rises 9 percent

    American Express Co.'s net income grew 9 percent in the second quarter, as spending by cardholders increased and the credit card issuer set aside less money to cover potential credit losses. A one-time gain related to the company's business travel division also helped boost results. The New York company's latest earnings beat Wall Street's...

  • McDonald's could be liable for labor practices

    NEW YORK (AP) — McDonald's is finding itself under intensifying pressure for the pay and other labor practices at its U.S. restaurants. The National Labor Relations Board said Tuesday that the world's biggest hamburger chain could be named as a joint employer in several complaints by worker groups at restaurants owned by franchisees. The...

  • Business Highlights

    ___ Facebook co-founder trying to transform business email from chronic headache to afterthought SAN FRANCISCO (AP) — Dustin Moskovitz has learned a lot about communication since he teamed up with his college roommate Mark Zuckerberg to create Facebook a decade ago. That knowledge is fueling an attempt to change the way people connect at...

  • Detroit bankruptcy trial delayed until Aug. 21

    DETROIT (AP) — A trial to determine if Detroit gets out of bankruptcy has been delayed by a week to Aug. 21. Judge Steven Rhodes filed a new schedule Tuesday. Some creditors wanted a longer postponement, but he settled on seven days. Rhodes found "extraordinary cause" for "limited adjournments." It's the second delay in the historic case. The...

  • Senate amends highway bill, delaying final action

    WASHINGTON (AP) — The Senate has amended a House-passed highway bill. The move delays until later this week final congressional action for keeping federal highway funds flowing to states through the November election. Senators opposed a provision in the $10.8 billion House bill to cover more than half its cost by letting companies defer...

  • Vending firm ex-official sentenced in Pepsi scheme

    NEWARK, N.J. (AP) — A former official of a New Jersey-based vending company has been sentenced to prison time for his role in a scheme that defrauded the Pepsi Bottling Group of $2.9 million over a 10-year period. Cedar Grove resident Joseph Belasco was ordered Tuesday to serve six months in prison and six months of home confinement. He also...

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