NEW BRUNSWICK, N.J.— Johnson& Johnson CEO Alex Gorsky says all three of its business segments are doing well and made significant medical advances last year. Gorsky told shareholders at the annual meeting that J&J is poised to lead the health care industry, noting approvals and launches of several new prescription medicines and medical devices last year.» Read More
WASHINGTON-- The Carlyle Group on Thursday completed its acquisition of a controlling stake in Getty Images Inc. in a deal worth about $3.3 billion. The private equity firm partnered with Getty's co-founders, Mark Getty and Jonathan Klein, and with the Getty family in buying the company from another private equity firm, Hellman& Friedman.
BALTIMORE-- Organizers of a weeklong commemoration of the War of 1812 in Baltimore's harbor say it drew more than 1.5 million visitors and generated $166 million in economic impact. Dozens of tall ships and naval warships from around the world traveled to Baltimore for June's "Star-Spangled Sailabration."
SIOUX FALLS, S.D.-- Drought conditions are stable in North Dakota over the week, but they have worsened again in South Dakota. Drought Monitor map shows that 57 percent of South Dakota is now in the two worst categories of drought, extreme and exceptional.
NEW YORK-- Morgan Stanley reported higher revenue and net income for its third quarter Thursday thanks to gains in its bonds and asset management businesses. Excluding an accounting charge, the bank earned $535 million for common shareholders in July to September, up from $39 million a year ago.
HOOKSETT, N.H.-- Public Service of New Hampshire has opened a 70,000 square-foot building in Hooksett that will consolidate transmission employees and equipment. The Northeast Utilities unit has two other facilities in Hooksett, including an area work center, which hosts line crews and trucks.
Lehigh Gas expects the IPO to raise between $105. million and $122 million based on an assumed offering price of $20 per unit, according to its Securities and Exchange Commission filings. Lehigh Gas provides fuel to gas stations and runs convenience stores.
HONG KONG-- The Chinese arm of U.S. casino company MGM Resorts International signed a land deal Thursday for a new $2.5 billion casino resort in Macau, the world's biggest gambling market, hoping to catch up with the rapid expansion of rival casino operators.
Video-game aliens have gotten bigger, uglier and meaner over the years. Think of the Covenant warriors in "Halo" or the Locust Horde in "Gears of War": huge, dumb, slobbering brutes who can soak up plenty of bullets before they pounce on you and crush your skull.
Among the earnings stories for Thursday, Oct. 18, from AP Business News:. _ Union Pacific Corp. said that its third-quarter profit climbed 15 percent because price increases and more automotive and chemical shipments helped the railroad offset a 12 percent drop in coal shipments.
MACY'S MILLENNIALS: Macy's will add 13 new brands and expand 10 labels it believes will resonate with shoppers between 13 and 30 years old. THE DETAILS: The roster includes an exclusive Marilyn Monroe fashion collection and a men's T-shirt line from an upstart called Fatal Clothing, which specializes in tattoo-influenced designs.
The homebuilder and mortgage company breezed past Wall Street expectations and shares at one point traded close to $914, a seven-year high. On Thursday, mortgage buyer Freddie Mac reported that the rate on the 30- year fixed mortgage fell near its record low, while the 15- year fixed mortgage set a record low of 2.66 percent.
BATON ROUGE, La.-- Lawmakers scrapped a planned vote Thursday on Louisiana Gov. The delay was announced a day before the scheduled hearing of the House and Senate budget committees to review the proposed contract between the Office of Group Benefits and Blue Cross/Blue Shield.
CHICAGO-- A leading venture capital firm is opening an office in Chicago, giving a boost to Mayor Rahm Emanuel's efforts to attract high-tech businesses and entrepreneurs to the city.
ATLANTA-- Georgia labor officials say the state's seasonally adjusted unemployment rate dropped to 9 percent in September, which is down from 9.2 percent in August. The Georgia Department of Labor announced the figures early Thursday morning.
BRUSSELS-- European leaders were drawing battle lines Thursday as they headed for a summit in Brussels, with France pushing back against Germany's call for a new czar with wide powers to veto countries' budgets.
JEFFERSON CITY, Mo.-- Missouri's Insurance Department says it has recovered $7.7 million so far this year for consumers with complaints about their insurance companies or coverage.
NEW YORK-- A new exhibition is hailing the fashion sense of Katharine Hepburn, whose trademark khakis and open-collar shirts were decidedly unconventional in the 1930 s and 40 s, when girdles and stockings were the order of the day.
WASHINGTON-- Manufacturing in the Philadelphia region expanded in October following five months of declines, a positive sign for a U.S. manufacturing sector which had been weakening for much of the year. The better-than-expected reading from the Philadelphia survey followed a positive report on national manufacturing conditions.
GRAND ISLAND, Neb.-- North Dakota- based Titan Machinery Inc. says it's buying three CaseIH agriculture equipment dealerships in Nebraska. Titan, of West Fargo, N.D., says it is acquiring Toner's Inc., which operates Toner's in Grand Island, Red Line Equipment in Broken Bow and Ord Equipment in Ord.