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  • SAN FRANCISCO, June 3- Medications-by-mail company PillPack said it had raised $50 million in funding, underscoring the continuing appeal of healthcare companies to venture capital backers. PillPack is taking on established U.S. pharmacies such as CVS, Rite-Aid and Walgreens, betting its tweaks, such as delivering rolls of individual-dose packs labeled by...

  • NEW YORK— AutoNation Inc. said new auto sales rose 5 percent in May on strong results from domestic and high-priced luxury vehicles. Fort Lauderdale, Florida- based AutoNation said it sold 31,777 new vehicles in May. AutoNation owns and operates 293 new vehicle franchises, selling 35 brands across 15 states.

  • June 3- Stock Building Supply Holdings Inc and fellow construction materials supplier Building Materials Holding Corp said they would combine to expand in the fast-growing south and west regions in the United States. BMC's shareholders will receive 0.5231 new shares of Stock Building Supply for each share held and own about 60 percent of the merged entity,...

  • Brown-Forman meets 4Q profit forecasts Wednesday, 3 Jun 2015 | 7:39 AM ET

    LOUISVILLE, Ky. _ Brown-Forman Corp. on Wednesday reported fiscal fourth-quarter profit of $140 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 66 cents per share. Brown-Forman expects full-year earnings to be $3.40 to $3.60 per share.

  • TOKYO, June 3- Japanese Prime Minister Shinzo Abe's ruling party called for a "cautious response" to the China-led Asian Infrastructure Investment Bank, but will leave the decision on joining to the premier, a draft report showed on Wednesday. A panel of ruling Liberal Democratic Party was lawmakers tasked with looking into Japan's possible membership in the...

  • Today, it is Warsaw's Soho Factory, a hip new space of exhibitions, offices and restaurants. Taking inspiration from SoHo and the Meatpacking District in New York City, entrepreneur Rafal Bauer saw "soul" in a pile of dilapidated brick buildings sinking into the ground in Warsaw's gritty Praga neighborhood and transformed them into a creative space whose...

  • Quanex beats 2Q profit forecasts Wednesday, 3 Jun 2015 | 7:10 AM ET

    HOUSTON _ Quanex Building Products Corp. on Wednesday reported fiscal second-quarter net income of $2.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Ahead of the Bell: US Trade Gap Wednesday, 3 Jun 2015 | 6:49 AM ET

    WASHINGTON— The Commerce Department reports on April's U.S. trade gap at 8:30 a.m. Eastern Wednesday. LOWER DEFICIT: The expectation is that the deficit declined to $43.6 billion, according to a survey of economists by data firm FactSet. Economists believe that a flood of imports, which had been bottlenecked by a labor dispute at West Coast ports, rushed into the...

  • CHARLESTON, W.Va.— Blackhawk Mining LLC is offering to buy most of bankrupt Patriot Coal Corp.' s assets. Patriot has eight active mining complexes in West Virginia and employs about 2,900 people, most of them non-union. The Blackhawk proposal doesn't involve Patriot's Federal No. 2 mine in northern West Virginia.

  • *Wheat stable after two-day gains of over 7 pct. HAMBURG/ SINGAPORE, June 3- Chicago wheat, corn and soybeans were little changed on Wednesday as renewed dollar strength took the steam out of a rally driven by the greenback's weakness and concern about weather damage to U.S. crops. Chicago Board of Trade July wheat was up a marginal 0.05 percent at $5.12-3/ 4 per bushel...

  • San Francisco board rejects building suspension Wednesday, 3 Jun 2015 | 4:49 AM ET

    SAN FRANCISCO— Check out rental sites for San Francisco, especially the trendier parts: Well over $3,000 a month for a one-bedroom flat and nearly $5,000 for two bedrooms. Finding a place to live in the city has become so expensive and emotional that city supervisors considered a 45- day moratorium on luxury housing construction in the Mission District,...

  • "We stand ready to play our part," six major European oil and gas companies including Royal Dutch Shell and BP said in a recent letter to U.N. climate officials working on a major climate deal set to be adopted in Paris in December. A coal-to-gas switch therefore "saves lives today and ensures a sustainable energy system tomorrow," Shell CEO Ben van Beurden told an...

  • NEW YORK— Upgrading your phone is no longer as simple as paying $100 or $200 and extending your service contract by two years. With contract plans, you're paying $40 to connect a smartphone. With full-price or leasing plans, you're paying $15 or $25.

  • LA could become latest US city to pass $15 minimum wage Wednesday, 3 Jun 2015 | 2:35 AM ET

    Seattle and San Francisco recently passed laws to reach the same minimum wage over several years, and Chicago passed one last year that plateaus at $13. Earlier this week, the California Senate approved a plan to again raise the statewide minimum wage, lifting it to $13 an hour in 2017 and tying it to the rate of inflation after that. New York City Mayor Bill de Blasio...

  • Michael Thompson, Pimco's Singapore- based executive vice-president, told Reuters that Pimco's Income Fund invested in Australian bonds for their appealing yields- despite the risk posed by the currency. California- based Pimco, full name Pacific Investment Management Co, had assets $9.4 billion under management in the Income Fund at end-April.

  • SAO PAULO, June 3- Nextel operator NII Holdings Inc is stepping up investment in Brazil to expand its tiny share of the mobile telephone market and has no plans to sell out despite an economic slowdown, its chief operating officer said. The downsized company will plow into Brazil a good part of the resources generated by the recent $1.8 billion sale of its Mexican...

  • NEW YORK, June 3- Canada's Come By Chance refinery, located on the eastern island of Newfoundland, has bought Nigerian oil for the first time in at least a decade, the latest addition to the facility's diverse crude slate, according to Reuters customs data. The crude's relatively cheap price has drawn interest from the 115,000 barrel-per-day Come By Chance...

  • June 3- Republican Louisiana Governor Bobby Jindal will make a "major announcement" about his 2016 plans in New Orleans on June 24, NBC reported. He has already made frequent visits to key primary states and launched a presidential exploratory committee, NBC said. Jindal, who is Indian American, has served as the governor of Louisiana since 2008..

  • JARDIN, Colombia, June 3- As Colombia cheers a return to its biggest coffee harvest in eight years after beating off a disease epidemic, farmers are running into a potentially more serious problem: a shortage of workers to gather swelling volumes of arabica beans. I think we're approaching the ceiling, "said Marcelo Salazar, head of the central Caldas branch of the...

  • *Wheat makes two-day gains of 7.4 pct on Monday-Tuesday. *Corn also hits one-week high. Wheat for July delivery on the Chicago Board of Trade was up 0.2 percent at $5.13-3/ 4 per bushel by 0254 GMT, after hitting a session high of $5.14-1/ 2.