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Stocks gain on encouraging signs in spending
Encouraging U.S. economic data and a batch of corporate deals put investors in a buying mood Monday, sending stocks sharply higher. The broad rally nudged the Dow Jones industrial average back into positive territory for the year after a rough stretch for the market most of last week. Traders wel...
By Alex Veiga The Associated Press FULL STORY
Investors blame bad advice from brokers for big losses
NEW YORK — Susan Bernardo trusted her stockbroker. She wound up losing a fortune. Her broker, David Harris, advised her to sell $400,000 worth of relatively safe municipal bonds, she says, and sink the proceeds into real estate and energy partnerships in hopes of earning more income. She had rece...
By Bernard Codon The Associated Press FULL STORY
McDonald’s to test all-day breakfast beginning in April
NEW YORK — McDonald’s plans to test an all-day breakfast at some locations in the San Diego area starting next month. The company said in a statement that the test is in response to customers who have said they’d like to eat breakfast foods outside the typical morning hours that they are serv...
The Associated Press FULL STORY
Teva buying Auspex for $3.2 billion
NEW YORK — Teva Pharmaceutical is buying Auspex Pharmaceuticals for about $3.2 billion in a move to strengthen its position on central nervous system condition treatments. Jerusalem-based Teva said Monday that it will pay $101 per share, marking a 47 percent premium to San Diego-based Auspex’s ...
The Associated Press FULL STORY
Horizon Pharma buying Hyperion for about $1.1 billion
NEW YORK — Horizon Pharma is buying Hyperion Therapeutics for about $1.1 billion, gaining two treatments for genetic disorders. Dublin-based Horizon Pharma will pay $46 per share for Brisbane, California-based Hyperion, marking a 5.6 percent premium to that stock’s closing price on Friday. The...
The Associated Press FULL STORY
U.S. university, foundation invested in frozen Chinese stocks
WASHINGTON — The University of Michigan, defense contractor Lockheed Martin Corp. and a foundation helping Appalachian children all own stakes in an overseas investment fund backing two major Chinese companies, which recently froze their stocks and missed financial reporting deadlines. The Americ...
The Associated Press FULL STORY
New HTC One phone is strong contender
NEW YORK — HTC’s flagship One phone has a lot going for it — except for strong sales. In Samsung’s and Apple’s shadows, HTC barely has any market share despite having good phones. But the latest edition of the HTC One, dubbed M9, is even better than previous year’s models, as it address...
The Associated Press FULL STORY

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