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Dole Food Under Investigation Over Listeria Outbreak

18 hours ago (Sat, 30 Apr 2016 09:08:36 EDT)

The U.S. Justice Department has launched a criminal investigation into Dole Food over a listeria outbreak linked to four deaths in the U.S. and Canada and multiple other illnesses.

Exxon Mobil Posts Smallest Profit Since 1999 Merger

1 day ago (Fri, 29 Apr 2016 20:40:26 EDT)

Exxon Mobil, the largest U.S. oil company, reported its smallest quarterly profit since 1999, a 63% plunge from a year ago, as oil prices remain depressed.

Rovi to Buy TiVo in $1.1 Billion Deal

1 day ago (Fri, 29 Apr 2016 19:04:48 EDT)

Rovi Corp. said it would acquire TiVo Inc. for about $1.1 billion, a tie-up that comes as consumers are increasingly changing how they watch videos.

Johnson Controls Uses RFID Tags to Unravel Riddle of Missing Crates

1 day ago (Fri, 29 Apr 2016 17:03:34 EDT)

A push into RFID tagging helped auto-parts maker Johnson Controls pinpoint the costly detours of shipping boxes and solve a logistics riddle that grows out of the automotive industry’s sprawling supply chain.

Valeant Files Overdue Annual Report, Makes Sweeping Board Changes

1 day ago (Sat, 30 Apr 2016 01:14:49 EDT)

Valeant filed its overdue annual report, resolving the looming danger of debt default and at revealing a number of new investigations into its business practices. It also outlined sweeping board changes as it seeks to change its tone at the top of the company.

U.S. Chides Five Economic Powers Over Policies

2 hours ago (Sun, 01 May 2016 01:03:34 EDT)

The Obama administration delivered a shot across the bow to Asia’s leading exporters and Germany for their economic policies and warned that a number of major economies around the globe could face intense pressure to engage in currency interventions to counter slow growth.

Anemic Wage Growth Restraining Economy

1 day ago (Fri, 29 Apr 2016 17:04:09 EDT)

Years of solid job gains are failing to produce a breakout in wages, suppressing the spark needed for a sustained pickup in economic growth.

U.S. Growth Starts Year in Familiar Rut

2 days ago (Thu, 28 Apr 2016 21:10:07 EDT)

The U.S. economy stumbled out of the gate in 2016 as consumers and businesses showed renewed signs of caution, underscoring the uneven growth that has been a hallmark of the nearly seven-year expansion, the worst performance in two years.

Senator's Objections Block Big Deals at U.S. Trade Bank

2 days ago (Thu, 28 Apr 2016 19:50:37 EDT)

A new congressional standoff is preventing the U.S. Export-Import Bank, which survived a five-month shutdown last year, from arranging financing for deals of more than $10 million.

White House to Push Student Debt-Relief Plans

2 days ago (Thu, 28 Apr 2016 06:35:35 EDT)

The Obama administration announced plans to ramp up efforts to reach Americans who have defaulted on student loans and enroll them in debt-relief programs, reflecting concerns that millions are damaging their credit.

Core Entertainment Wins Approval to Tap Lenders' Cash

1 day ago (Fri, 29 Apr 2016 19:56:25 EDT)

Core Entertainment, the company behind the “American Idol” TV series, won approval from a bankruptcy judge on Friday to tap its lender’s cash and move forward with its chapter 11 proceedings.

Priceline's Ousted CEO's Pay Fell 32% After Board Rebuke

1 day ago (Fri, 29 Apr 2016 15:52:43 EDT)

Priceline Group’s ousted CEO Darren Huston’s compensation dropped 32% last year after fellow directors decided not to pay him a cash bonus as they investigated a relationship they later deemed inappropriate.

Chinese Tech Firms Charge Into Electric Cars

20 hours ago (Sat, 30 Apr 2016 07:17:08 EDT)

Internet companies like Tencent and Baidu have been leading the innovation drive in electric cars, as some in the broader industry believe conventional auto makers don’t have the creative chops.

AB InBev Offers to Sell More SABMiller Brands

1 day ago (Fri, 29 Apr 2016 21:34:21 EDT)

AB InBev has offered to sell SABMiller’s Central and Eastern European brands ahead of a European Commission decision on its acquisition of the London-based brewer.

Mixed Results for China's Oil Companies Despite Government Aid

1 day ago (Fri, 29 Apr 2016 21:28:57 EDT)

China’s efforts to support its state-controlled oil giants have so far yielded mixed results, showing how the global oil-price slump is reshaping the industry.

Soaring Tobacco Stocks Prompt Calpers to Reconsider Investment

1 day ago (Fri, 29 Apr 2016 10:11:19 EDT)

The California Public Employees’ Retirement System may reconsider a decision it made 16 years ago to sell tobacco holdings after an outside consultancy concluded that it missed out on up to $3 billion in net investment gains.