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  • WellPoint 2Q tops Wall Street expectations Wednesday, 30 Jul 2014 | 6:32 AM ET

    It still beat Wall Street expectations, and the nation's second-biggest health insurer raised its profit expectations for the year. For the three months ended June 30, WellPoint's net income declined to $731.1 million, or $2.56 per share, from $800.1 million, or $2.64 per share, in the same quarter a year earlier.

  • WASHINGTON, July 29- More than 17,000 U.S. military personnel and other consumers will receive about $92 million in debt relief as part of a settlement over a lender's alleged improper practices, the U.S. consumer watchdog and 13 states announced on Tuesday.

  • Soldiers get $92M in debt relief under settlement Tuesday, 29 Jul 2014 | 10:33 AM ET

    Deceptive practices by Rome Finance Co., more recently doing business as Colfax Capital Corp. and Culver Capital LLC, based in California and Georgia, included failing to accurately disclose charges and interest rates, New York's Attorney General Eric Schneiderman said Tuesday.

  • Pfizer's 2Q profit sinks 79 pct but tops forecasts Tuesday, 29 Jul 2014 | 7:37 AM ET

    Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a $10 billion- plus gain from a business spinoff.

  • *BP the biggest foreign investor in Russia with Rosneft stake. LONDON, July 29- Oil and gas producer BP reported a sharp rise in second quarter profits on Tuesday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft.

  • Duke agrees to $1.2B deal with ElectriCities Monday, 28 Jul 2014 | 1:31 PM ET

    RALEIGH, N.C.— Duke Energy Progress has agreed to purchase the generating capacity of ElectriCities in a $1.2 billion deal expected to translate into lower power bills for thousands of eastern North Carolina residents.

  • 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.