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Apple Stock Drops After New Release

Posted: 9:26 AM Investors are sending Apple's stock below $600 for the first time in three months, after the consumer electronics behemoth reported earnings for its latest quarter that missed expectations and warned that profits in the holiday quarter would fall from last year

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Shoppers Over Uggs

Posted: 7:39 AM No love for Uggs: Shares of the sheepskin boots maker, Deckers Outdoor Corp., are tumbling Friday because consumers have turned away just before the start of the holiday shopping season.

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Coal Company Earnings Up

Posted: 6:15 AM Arch Coal Inc. says its cost-cutting efforts helped boost third-quarter earnings, which were well above Wall Street expectations.

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Merck Reports Third Quarter Profits

Posted: 4:59 AM Drugmaker Merck & Co. says third-quarter profit rose 2 percent as reduced spending on overhead offset lower sales caused by new generic competition for its top-selling drug, Singulair.

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Controversial Calls Impact Sports Books

Updated: 8:29 AM The controversial call in the Packers, Seahawks game on Monday took everyone by surprise, including Las Vegas Sports Books which took in $150,000,000 as a result of the call. But because of that same call many wonder if bettors will back off on making wagers.

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Helium Shortage Affects Party Planners

Updated: 7:48 AM If you are planning a party anytime soon, helium balloons may be part of the decorations—or not. Helium is in short supply and that means the free floating balloons are tough to come by. So what's up?

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Canada Auto Union to Focus on Ford Talks

Updated: 2:14 PM The Canadian Auto Workers union says it will focus on reaching an agreement with Ford as negotiations continue with all of Detroit's Big Three automakers with a strike deadline looming Monday night.

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Luxury Loo

Updated: 1:24 PM Outhouses have come along way since the pioneer days. That's never been more evident until you have the opportunity to use a state-of-the-art portable potty.

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Best Buy Hires Joly as New CEO

Posted: 4:20 AM Best Buy Co. is confirming it has named Hubert Joly, the former CEO of global hospitality company Carlson, as its new CEO and president.

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Feds to Reroute SF Bay Ships to Protect Whales

Updated: 11:39 AM Federal maritime officials have approved a plan to protect whales in and around San Francisco Bay after seeing an uptick in the number of collisions between the marine mammals and large ships.

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Asian Stocks Tumble Amid Europe Debt Worries

Posted: 9:09 PM Asian stock markets are sharply lower in early trading amid intensifying worries about Europe's debt problems. Sentiment also soured after Wall Street sustained heavy losses before the weekend.

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AT&T Purchase of T-Mobile Blocked

Posted: 3:21 PM The Justice Department is blocking AT&T's $39 billion deal to buy T-Mobile USA, saying the acquisition of the No. 4 wireless carrier in the country by No. 2 AT&T would reduce competition and raise prices. That's according to a person familiar with the matter.

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Nevada Commission Discusses Lack Of Mining Audits

Posted: 6:29 AM The Nevada Department of Taxation is reassigning staff to create a specialized mining audit team and notifying mineral companies to expect field audits, agency officials said Monday.

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US Business News

  • Pricey Beef Puts Heat On U.S. Grilling Season
    Here's the beef: Enjoy the Memorial Day grilling, because retail beef prices are widely expected to set new records in coming weeks.
  • Bausch & Lomb Nears Sale for $9 Billion
    Bausch & Lomb, which is owned by private-equity firm Warburg Pincus, is nearing a deal to sell itself to generic-drug maker Valeant for about $9 billion.
  • P&G's Lafley Begins New Talent Hunt
    Procter & Gamble's A.G. Lafley, newly returned as CEO, must repopulate a depleted pool of top executives as he prepares a major overhaul and considers succession.
  • U.S. Firm's Gear Seen Aiding Syria
    Syria's telecommunications providers continue to use technology by Blue Coat Systems to monitor Internet usage, according to Telecomix, a hacker-activist group that has tracked the previous use of the technology.
  • Bausch & Lomb Unit to Pay $33.5 Million to Resolve Charges
    Ista Pharmaceuticals has agreed to pay $33.5 million to resolve charges that it promoted its anti-inflammatory drug Xibrom for unapproved uses in an effort to boost sales, the Justice Department said.
  • Hulu Suitors Line Up
    Yahoo submitted a bid to acquire Hulu, as the Internet company tries to add more high-quality online video that can appeal to advertisers.
  • Google Pushes Into Emerging Markets
    Google is deep into an effort to fund, build and help run wireless networks in emerging markets such as sub-Saharan Africa and Southeast Asia, a move that could connect a billion or more new people to the Internet.
  • Abercrombie & Fitch Posts Loss
    Teenage-apparel retailer Abercrombie & Fitch reported a sharp drop in quarterly sales, but said it is having success fixing inventory problems.
  • Turkey Moves to Curb Alcohol Sales
    Turkey moved to curb alcohol sales and restrict advertisements in a move likely to deepen outrage among secular Turks who accuse the government of having an Islamist agenda.
  • Chile Fines Barrick Gold Over Big Mine Project
    The Chilean government fined Barrick $15.8 million for alleged breaches in environmental controls at its flagship Pascua-Lama mine.
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