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Mondelez Lifted in Q1 by Favorable Tax Rates

Mondelez International sales excluding the effect of currency and divestitures rose 3.8 percent, to $8.9 billion, for the quarter ended March 31.

J.C. Penney Says Sorry About Changes

J.C. Penney is sorry and it wants your business back, according to its latest ad, a public mea culpa that the mid-priced department-store put on its YouTube and Facebook pages.

Electronic Arts, Disney Sign 'Star Wars' Deal

Disney and Electronic Arts inked a deal that will see the video game developer make and publish new "Star Wars" games, the companies said.

Disney's Profits Are Magical

The Walt Disney Co.'s theme parks and media division pumped up second quarter profits.

Fitch: 'Wealth Effect' Fuels U.S. Credit Card ABS

>Positive macro news and the health of the U.S. consumer pushed credit card ABS performance to levels not seen in more than two decades, according to the latest monthly index results from Fitch Ratings.

Allianz Q1 Profit Is Better Than Expected

Allianz, Europe's biggest insurer, on Tuesday posted a 24 percent, year-on-year gain in first-quarter net profit. Net earnings climbed to about $2.23 billion dollars.

Internet Tax Could Hit Home for Shoppers

Online shoppers who avoided state sales taxes would pay more for their purchases, and states stand to add billions to their coffers because of a landmark online sales tax collection bill the Senate passed Monday.

$2.25 Billion Fine Sought Against PG&E in Pipeline Blast

California regulators are seeking a record-setting $2.25 billion fine against Pacific Gas $ Electric, blamed for a deadly pipeline explosion that killed eight people.

Virginia Is for Retirees

Florida and Arizona aren't the only states for retirees, now that Virginia was ranked No. 6 by financial aggregator Bankrate.com.

Nevada Vies for Commercial Drone Test Site

Nevada wants to be one of six places in the U.S. where commercial drones will be tested.

Strategic Growth Bank Acquires First National of Sante Fe

El Paso's expanding Strategic Growth Bank's previously announced acquisition of First National Bank of Santa Fe has been completed.

Internet Sales Tax Bill Passes US Senate

The US Senate on Monday approved a proposed sales tax law that pits large retailers such as Walmart against online marketers such as Ebay.

McAfee to Pick Up Stonesoft for $389 Million

Security solutions provider McAfee announced the signing of a definitive agreement to initiate a conditional tender offer for the acquisition of Stonesoft Oyj, a provider of next-generation network firewall products.

Dow Down, S&P Up

The Dow shed 5.07 points, closing at 14,968.89, while the S&P added 3.08 points to close at 1,617.50 Monday after surpassing the 1,600 barrier for the first time on Friday.

BofA to Pay MBIA Over Mortgage Securities Issues

Bank of America says it has agreed to pay U.S. bond insurance firm MBIA $1.6 billion to settle complex mortgage securities issues.