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  • Asa Hutchinson signed into law Friday authorizes an $87 million incentive package to help lure a major defense project to Arkansas. The incentive proposal calls for issuing bonds if Lockheed Martin is the successful bidder for a military vehicle assembly contract for its Camden facility. Two other companies— Indiana- based AM General and Wisconsin- based...

  • ATLANTIC CITY, N.J.— Here's another sign of how concerned Stockton University is about its unsuccessful effort to convert a former casino into a satellite campus: It is writing to 2,200 prospective students assuring them the failed deal won't adversely affect tuition rates or housing availability. "A few months ago, when Stockton University purchased the...

  • CARTERSVILLE, Ga.— An Anheuser Busch plant in northwest Georgia has started canning water instead of beer to help flood victims in Texas and Oklahoma. Multiple media outlets report the Cartersville plant halted its beer production to produce 50,000 cans of water to distribute to the flooded areas by this weekend. Cartersville brewery manager Rob Haas told NBC...

  • May 29- Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday. Intel and Altera did not respond to requests for comment. In April, Altera rejected an unsolicited $54 per share offer from Intel following months of negotiations, sources told...

  • *Boko Haram firmly in new leader's sights. ABUJA, May 29- New Nigerian President Muhammadu Buhari vowed on Friday to eradicate the "mindless, godless" militant group Boko Haram and rescue hundreds of women and children held captive, including 200 girls taken from the town of Chibok a year ago. In his inaugural address as elected leader of Africa's most populous...

  • *First-quarter GDP revised down to show contraction. *GDP shrinks at a 0.7 percent annual rate. WASHINGTON, May 29- The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.

  • The man who opened fire in a Colorado theater, killing 12, says he believes God might care about those killed. James Holmes described God as "everything" in an interview with a state-appointed psychiatrist that was shown at Holmes' death penalty trial on Friday. Jurors in the Colorado theater shooting trial are again watching James Holmes' videotaped interview...

  • ALBANY, N.Y.— A federal appeals court has ruled that drug manufacturer Actavis PLC's attempted switch of patented Alzheimer's medication, which halted distribution of the old drug before its patent expires this summer, violates U.S. antitrust law. He alleged antitrust and state law violations by Actavis in pushing about 500,000 patients to its new patented...

  • Telecity, which runs computer centers that process traffic on the Internet, said in a statement its board had recommended Equinix's offer, and as such was terminating an all-stock deal to buy Netherlands- based Interxion Holding NV for $2.2 billion. Equinix Chief Executive Steve Smith said he had looked closely at Interxion and Telecity as targets but...

  • *European shares fall amid impasse on Greece talks. NEW YORK, May 29- Global equity markets and bond yields fell on Friday, weighed by data that showed the U.S. economy contracted in the first quarter and by conflicting signals from Greece's debt talks. Conflicting reports that Athens was close to clinching a reforms-for-cash deal with its creditors pushed...

  • FOREX-Dollar trades mixed at end of winning month Friday, 29 May 2015 | 11:43 AM ET

    *Euro ahead on Greece hopes. NEW YORK, May 29- The dollar was mixed on Friday with month-end selling after a recent rally, as traders saw little in weak first-quarter U.S. gross domestic product data to discourage bets the Federal Reserve will start raising interest rates in 2015.. "Underlying sentiment remains positive but the dollar is seeing some profit taking...

  • May 29- Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $15 billion acquisition agreement, a person familiar with the matter said on Friday. Intel and Altera did not respond to requests for comment. In April, Altera rejected an unsolicited $54 per share offer from Intel following months of negotiations, sources told...

  • NEW YORK, May 29- Oil rose 3 percent on Friday, as a rally in the dollar faded and after data from a day ago showed a fourth straight weekly draws in U.S. crude oil stockpiles. With the Organization of the Petroleum Exporting Countries widely expected not to cut production at its June 5 meeting, prices could see more pressure, especially if the dollar surges again,...

  • May 29- U.S. Department of Agriculture Secretary Tom Vilsack said on Friday the agency will invest up to $100 million in grants for fuel pumps at gas stations to distribute higher ethanol blends known as E15 and E85. Most fuel stations in the United States sell basic unleaded gasoline containing about 10 percent ethanol, with additional pumps offering...

  • *Service Corp International shares up nearly 30 percent this year. Service Corp International, which operates funeral homes and cemeteries, has been a prime beneficiary of the aging population. "The demographic trend will probably last a couple of decades," said Charles Sizemore, chief investment officer of Sizemore Capital Management in Dallas, who owns...

  • WASHINGTON, May 29- The U.S. Federal Trade Commission filed a lawsuit on Friday aimed at stopping the $1.9 billion merger of medical technology provider Steris Corp and British sterilization services provider Synergy Health Plc, according to the agency, which enforces antitrust law. Synergy Health and Steris, both of which provide contract sterilization...

  • PORTLAND, Maine— A White House pledge to veto proposed changes to federal fishing laws has divided fishermen over whether the rule changes should be saved or scrapped. The White House has said the administration "strongly opposes" the changes and President Barack Obama's senior advisers would recommend a veto if the bill to authorize them passes.

  • NEW YORK— Carl's Jr. and Hardee's ads starring nearly naked women have become a part of American culture, according to Andy Puzder, CEO of the chains' parent company. Others, such as Heidi Klum and Padma Lakshmi, were already famous. CKE Restaurants, the parent company of Carl's and Hardee's, is privately held and doesn't disclose financial results.

  • CONCORD, N.H.— Supporters of a plan to bring commuter rail from Boston to New Hampshire said the Senate's decision not to fund the next stage of the process is a bump in the road rather than an end to their efforts. Democrats say extending rail into New Hampshire is necessary for economic development and attracting young people; Republicans question the economic...

  • Grain higher, livestock mixed Friday, 29 May 2015 | 10:55 AM ET

    CHICAGO— Grain futures were higher Friday in early trading on the Chicago Board of Trade. Wheat for July delivery was unchanged at $4.8875 a bushel; July corn was 1.25 cents higher at $3.5375 a bushel; July oats were unchanged at $2.40 a bushel; while July soybeans gained 4.50 cents to 9.3050 a bushel. August live cattle was unchanged at $1.5275 a pound; August feeder...