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Business

Business Inventories Steady, Sales Dropped in March

Business inventories were unchanged in March, while sales dropped 1.1 percent, the U.S. Census Bureau said Monday.

Markets Close Mixed on China Data

U.S. stock indexes closed mixed Monday following disappointing economic data from China.

USDA Grant Winners Want in on Leafy Greens Market

Introducing a new product is expensive, risky and an upward challenge, but the owners of two partnering agriculture businesses in Oxnard, Calif., are getting monetary help to introduce their new Asian and conventional leafy greens salads and stir fry kits.

Stratasys Tops Street's Earnings Estimates

Stratasys topped first-quarter Wall Street earnings expectations Monday when the costs of its merger with Objet Ltd. were excluded.

GM Makes Michigan Its Data Nerve Center

General Motors plans to construct a second data center in Milford to go along with a recently opened information technology data operation in Warren, making Michigan the nerve center of the automakers's global data.

Starbucks Not Slowed by Sleepy Economy

Starbucks matched Wall Street's expectations with its quarterly profits, enjoying a strong performance in the U.S. despite the sluggish economic backdrop.

A Wave of Investment Follows Sandy's Destruction

There's little activity, say New Jersey Realtors, but the Shore region is poised for a 'gold rush' like New Orleans saw after Katrina.

Retail Sales Up in April

Sales for the month were 0.1 percent higher than March and 3.7 percent higher than April 2012, the gains ahead of the forecast, which called for a 0.3 percent month-to-month drop.

Bloomberg Begins Damage Control on Privacy Concern

The chief executive at New York financial information firm Bloomberg called a privacy-impacting news-gathering technique used by reporters a mistake.

Feds: Hackers Stole $45M in ATM Breach

Cyber-criminals stole $45 million in hours by hacking a database of prepaid debit cards and then fanning out around the globe to drain cash machines, federal prosecutors said Thursday.

AA, US Airways Merger Gets Court Approval

The judge in the American Airlines bankruptcy case officially signed off on the proposed merger agreement with US Airways.

Icahn Has Plan to Derail Dell Buyout

Carl Icahn and Southeastern Asset Management, Dell's biggest outside shareholder, are launching their campaign to derail a buyout of the PC maker.

Laredo Profit Sputters on Lower Commodity Prices

Laredo Petroleum Holdings Inc. reported higher first-quarter revenue, although its profit fell significantly from a year ago.

Actavis Confirms Merger Talks With Warner Chilcott

Actavis, a global specialty pharmaceutical firm, confirmed that it has entered into discussions with Warner Chilcott about a potential combination of the two companies.

True Religion to Be Sold for $835 Million

True Religion Apparel, the designer denim brand known for pricing its products well into the three figures, said its board unanimously accepted the $32-a-share offer.