May 25, 2013
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Business News
McKesson to settle drug-pricing suit
SAN FRANCISCO — McKesson Corp. will pay $151 million to 29 states and the District of Columbia to settle a lawsuit alleging the company inflated prices of hundreds of prescription drugs, causing st...
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Amazon CEO donates to gay marriage
OLYMPIA, Wash. — Amazon.com founder and CEO Jeff Bezos and his wife, MacKenzie, announced Friday they are donating $2.5 million to the campaign to defend Washington’s same-sex marriage law. With...
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Associated Press President Barack Obama speaks during a campaign stop July 13 in downtown Roanoke, Va. New figures released Friday by the White House predict this year's federal budget deficit will end up at $1.2 trillion.
Administration projects $1.2 trillion 2012 federal budget deficit
WASHINGTON — The White House predicts this year’s federal budget deficit will end up at $1.2 trillion, marking the fourth consecutive year of trillion dollar-plus deficits during President Barack O...
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Dow climbs on hope for action in Europe
NEW YORK — Faced with Facebook, Starbucks and Angela Merkel, the market chose to focus on Merkel. The U.S. stock market powered higher Friday after European leaders, including German chancellor ...
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Defense cuts may hit civilian workforce
WASHINGTON — Tens of thousands of civilian employees in the Defense Department could receive warnings about potential layoffs four days before the November election if impending spending cuts aren’...
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Chick-fil-A spokesman Donald Perry dies
ATLANTA — The longtime spokesman for fast-food chain Chick-fil-A died Friday. He was 60. The Atlanta-based company said in a prepared statement that vice president for corporate public relations...
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Associated Press
Hyundai recalls Santa Fe, Sonata for air bags
DETROIT — Hyundai Motor Co. is recalling some Santa Fe SUVs and Sonata sedans because of problems with their air bags. The Santa Fe recall involves nearly 200,000 vehicles in the 2007 to 2009 mo...
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Associated Press The Facebook logo is displayed on an iPad May 16 in Philadelphia. Facebook's stock hit a new low Friday after it reported second-quarter results that disappointed investors.
Facebook’s stock sinks, now which investors should buy it?
NEW YORK — Investors are dumping Facebook’s stock, spooked by slowing revenue growth, the lack of a financial outlook and plans to spend more money in the coming months. Are they right? Only ...
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Jobs
From July 18 to Wednesday, the Office of Employment and Training added 26 new job orders to its database for McCracken County employers: part-time teller, branch sales, branch service leader, careg...
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Associated Press The exterior of the Merck offices appears July 17 in Palo Alto, Calif. Merck & Co., reported that its second-quarter net income fell 11.4 percent as slightly higher sales were offset by acquisition and restructuring costs.
Merck’s 2Q net falls on charges, sales rise
Shares of drugmaker Merck & Co. surged over 4 percent to a new high for the year Friday as its second-quarter results easily beat Wall Street expectations — just as generic competition is set to st...
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