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  • Zimmer 2Q profit climbs 16 percent Thursday, 24 Jul 2014 | 10:37 AM ET

    WARSAW, Ind.— Zimmer Holdings Inc. on Thursday reported a 16 percent increase in second-quarter net income, but the surgical product maker's shares slipped in trading after it also lowered the top end of its 2014 earnings forecast.

  • July 24- Eli Lilly and Co's quarterly revenue plunged due to generic competition for its Cymbalta depression drug and its Evista osteoporosis treatment, but cost controls helped earnings beat forecasts.

  • How states fared on unemployment benefit claims Thursday, 24 Jul 2014 | 8:58 AM ET

    WASHINGTON— Applications for U.S. unemployment benefits plunged last week, a sign that the economy is building strength. The Labor Department said Thursday that applications for jobless aid fell 19,000 to a seasonally adjusted 284,000. The fewest people sought benefits since February 2006, almost two years before the start of the Great Recession.

  • Lilly 2Q profit falls 39 percent Thursday, 24 Jul 2014 | 7:23 AM ET

    INDIANAPOLIS— Eli Lilly and Co. on Thursday reported profit that declined by 39 percent in its second quarter, and beat analysts' expectations. The Indianapolis- based company said earnings declined to $733.5 million, or 68 cents per share, from $1.21 billion, or $1.11 per share, in the same quarter a year earlier.

  • UPDATE 1-Lilly beats forecasts, helped by cost controls Thursday, 24 Jul 2014 | 7:06 AM ET

    July 24- Eli Lilly and Co's quarterly revenue plunged due to generic competition for its Cymbalta depression drug and its Evista osteoporosis treatment, but earnings beat forecasts, helped by cost controls. Although revenue fell 17 percent to $4.94 billion, it topped Wall Street expectations of $4.90 billion.

  • Alaska vintage tourist train to resume Friday Thursday, 24 Jul 2014 | 4:09 AM ET

    ANCHORAGE, Alaska— A tourist railway in Alaska is set to resume operations after a derailment injured 23 people. White Pass and Yukon Route Railroad Chairman John Finlayson said the company plans to resume service Friday. Two vintage locomotives and four passenger cars derailed Wednesday on the railroad's most popular route to White Pass Summit.

  • July 23- The Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores Inc to provide a shareholder with documents related to the company's internal probe of allegations the retailer had paid bribes in Mexico.

  • July 23- The Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores Inc to provide a shareholder with documents related to the company's internal investigation of allegations that the retailer had paid bribes in Mexico.

  • WASHINGTON, July 23- U.S. regulators and 15 states announced a wave of lawsuits on Wednesday against law firms and mortgage assistance companies they said have scammed borrowers since at least 2011 by falsely promising home loan modifications and other foreclosure relief.

  • FORMER JEFFERIES TRADER JESSE LITVAK SENTENCED TO TWO YEARS IN PRISON, $1.75 MLN FINE IN TARP FRAUD CASE- COURT HEARING.

  • $148 million metal research center set for Detroit Wednesday, 23 Jul 2014 | 12:54 PM ET

    The public-private partnership includes companies, the University of Michigan, Ohio State University and research institutions. The institute will contribute to economic development in Michigan, Ohio, Indiana, Tennessee and Kentucky over the next five years, according to officials.

  • Appeals court upholds convictions in oil scam Wednesday, 23 Jul 2014 | 11:20 AM ET

    The U.S. 6th Circuit Court of Appeals found no mistakes in the handling of the cases of 51- year-old former attorney Bryan Coffman and 60- year-old Tennessee businessman Gary Moss Milby. The episode showed Milby giving his daughter a private helicopter ride, a new BMW and a shopping spree.

  • Russia's Severstal selling US plants for $2.3B Monday, 21 Jul 2014 | 6:42 AM ET

    NEW YORK— Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Steel Dynamics Inc. said Monday that it will pay about $1.63 billion for Severstal Columbus, which is located in northeast Mississippi.

  • Ranking US states by job creation in past 5 years Friday, 18 Jul 2014 | 11:06 AM ET

    WASHINGTON— Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase-- by far the best in the country.

  • Indiana jobless rate up slightly to 5.9 percent Friday, 18 Jul 2014 | 10:58 AM ET

    Figures released Friday by the state Department of Workforce Development show Indiana's jobless mark went up by two-tenths of a percentage point from May. The last time Indiana recorded rise in the unemployment rate was when it went up slightly to 8.2 percent in September 2012.

  • DELPHI CEO SAYS THE SWITCH IT MADE FOR GM WAS PART OF A LARGER PART SUBSYSTEM.

  • Novartis cites momentum in 3 percent profit rise Thursday, 17 Jul 2014 | 2:07 AM ET

    GENEVA— Swiss pharmaceutical company Novartis AG posted a 3 percent rise in second-quarter profits Thursday, reflecting what it described as solid growth and an increased focus on core products.

  • WASHINGTON, July 16- President Barack Obama imposed the biggest package of U.S. economic sanctions yet on Russia on Wednesday, hitting Russia's largest oil producer Rosneft and other energy, financial and defense firms, with what he called significant but targeted penalties.

  • Fewer gas leaks found in cities with new pipes Wednesday, 16 Jul 2014 | 5:18 PM ET

    WASHINGTON— Cities such as Indianapolis that regularly replace old natural gas lines have significantly fewer leaks than older urban areas where they don't, like Boston and New York City's Staten Island, according to a new study by Google and an environmental group. Boston and Staten Island averaged one leak per each mile mapped.

  • Indiana has $2 billion cash reserve amid austerity Wednesday, 16 Jul 2014 | 4:47 PM ET

    Indiana closed out its last budget with more than $2 billion in reserves and an annual budget surplus of $100 million. Advocates who say the stockpile should be released from state coffers cried foul on hearing that Indiana was able to find so much money to put in savings.