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06
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Stocks edge higher; Pharmacyclics jumps on AbbVie bid
NEW YORK — The stock market closed slightly higher on Thursday as gains for utilities and financial stocks were largely offset by losses in energy and materials companies. Kroger jumped after reporting better-than-expected earnings that were boosted in part by lower fuel costs. Joy Global, a man...
By Steve Rothwell The Associated Press FULL STORY
 
Largest banks all pass latest round of Fed ‘stress tests’
WASHINGTON — All of the nation’s 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve said Thursday. Results of the Fed’s annual “stress tests” show that as a group, the 31 banks are stronger t...
By Martin Crutsinger and Kenâ��Sweet The Associated Press FULL STORY
Google providing car insurance quotes in latest expansion
SAN FRANCISCO — Google is helping California drivers shop for car insurance as part of a new service that could foreshadow the Internet company’s latest attempt to shake up a long-established industry. The feature unveiled Thursday compares auto insurance quotes from up to 14 carriers that are ...
The Associated Press FULL STORY
 
Can Etsy keep its folksy brand and make shareholders money?
NEW YORK — If craft seller Etsy goes public later this year it will be a test of how well the company can balance an explicit social mission with shareholder expectations for making money. Founded in 2005, Brooklyn-based Etsy sells everything from a $110,000 antique desk from the 1800s to a $20 h...
The Associated Press FULL STORY
FDA study finds little evidence of antibiotics in milk
WASHINGTON — In an encouraging development for consumers worried about antibiotics in their milk, a new Food and Drug Administration study showed little evidence of drug contamination after surveying almost 2,000 dairy farms. In response to concerns, the agency in 2012 took samples of raw milk fr...
The Associated Press FULL STORY
 
Will they rise? Rate worries weigh on dividend stocks
NEW YORK — Dividend investing used to be so easy, not to mention lucrative. But it may be set to get a lot different. Stocks that pay the biggest dividends took a nosedive last month. Power and gas utilities — once such steady and boring payers of dividends that they were called “widow-and-o...
The Associated Press FULL STORY
U.S. productivity falls at faster pace, labor costs rise
WASHINGTON — U.S. worker productivity was even weaker than first thought from October through December while labor costs rose at a faster rate. Productivity declined at an annual rate of 2.2 percent in the fourth quarter, weaker than the 1.8 percent drop that was estimated a month ago, the Labor ...
The Associated Press FULL STORY
  
 
  


 
 
 
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