OTTAWA, Aug 29- Persistent consumer spending helped push up Canadian economic growth by more than expected, to an annualized 3.1 percent in the second quarter, from a downwardly revised 0.9 percent in the first quarter, according to Statistics Canada data on Friday.» Read More
OLYMPIA, Wash.-- The group fighting to overturn Washington's gay marriage law started running its first TV ads in the state on Thursday. Referendum 74 asks voters to either approve or reject the state's gay marriage law that was passed by the Legislature and signed by Gov.
NEW YORK-- Shares of Lexicon Pharmaceuticals Inc. rose Friday after the company reported new clinical study data for its potential drug telotristat, which treats a condition caused by tumors in the gastrointestinal tract. Lexicon shares gained 12 cents, or 5 percent, to $2.51 in morning trading.
THE PURCHASE: Ecolab Inc. is buying specialty chemical company Champion Technologies in a cash-and-stock deal valued at approximately $2.2 billion. THE DETAILS: The cleaning, food safety and pest-control services company said Friday that it will pay approximately $1.7 billion in cash and issue about 8 million shares of its stock as part of the acquisition.
Two people familiar with the negotiations said F1 was in talks with NBC for U.S. broadcast rights and the contract would not be renewed with Speed. NBC did not immediately respond to a request for comment, nor did a spokesman for Speed.
NEW ORLEANS-- A landfill executive awaiting trial on charges he conspired with his brother-in-law to embezzle nearly $1 million from a New Orleans- based construction management company was indicted Thursday on new charges stemming from an alleged tax fraud scheme.
HONOLULU-- A rail project shut down by court order will cost Honolulu more than $114 million, according to the head of the Honolulu Authority for Rapid Transportation.
TOPEKA, Kan.-- Kansas' former labor secretary tangled with Gov. The emails obtained by The Associated Press this week through an open records request are the first evidence to come to light afterward that Brownlee was at odds with another high-ranking administration official.
GENEVA-- Apple Inc. has struck a deal with Switzerland's national rail company to license the use of its iconic station clocks for the iOS 6 operating system, which is used by iPhone and iPad mobile devices.
LONDON-- Upbeat earnings from JP Morgan Chase& Co. and a strong U.S. consumer confidence survey helped shore up markets Friday, though investors remained cautious after buying up stocks aggressively the previous day.
RENO, Nev.-- Pershing County officials are asking a judge to dismiss a lawsuit filed by Burning Man organizers who say a new county festival ordinance is unconstitutional and could put the annual counter-culture event in Nevada's Black Rock Desert out of business.
PRAGUE-- Iraq has agreed to buy 28 Czech-made military airplanes in a deal worth $1 billion (775 million), part of a broader effort by Baghdad to rebuild military capabilities destroyed during the U.S.-led invasion of the country, officials said Friday. Iraq only has a few planes and is unable to defend its air space.
MADRID-- Spanish telecommunications company Telefonica has agreed to sell its call center business Atento to private equity group Bain Capital for 1 billion to lower debt. Telefonica SA is trying to reduce its debts worth 58 billion through the sale of non-essential businesses.
Stocks rose on Friday after a government report showed that inflation was tame in September, which will leave consumers with more money to spend if the trend holds up. The Labor Department said Friday that wholesale prices rose 1.1 percent in September. This week saw mixed results from U.S. corporations like Alcoa, Safeway and Yum Brands.