US stocks drift sideways in midday trading

NEW YORK — The U.S. stock market crept higher in midday trading after companies announced a handful of deals. Major indexes appeared headed to new highs. Shortly before noon on Monday, the Standard & Poor's 500 index was up six points, or 0.3 percent,...

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Tyson wins bidding war to gobble up Hillshire

NEW YORK — Tyson Foods Inc. has won a bidding war to gobble up Hillshire Brands, the maker of Jimmy Dean sausages and Ball Park hot dogs. Tyson had been vying with rival poultry producer Pilgrim's Pride for Hillshire, which wrapped up its bidding process...

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High court rules on scope of bankruptcy authority

WASHINGTON — The Supreme Court says bankruptcy courts have limited authority to rule on disputes outside the traditional bankruptcy process. The justices ruled unanimously Monday that a Washington state bankruptcy court did not exceed its powers when...

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McDonald's US sales slip again in May

OAK BROOK, Ill. — McDonald's says a key sales metric slipped again in the U.S. as it faced "ongoing broad-based challenges" in May. The world's largest hamburger chain said U.S. sales declined 1 percent at locations open at least 14 months. The fast-food...

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UK phone hacking trial set to go to jury

LONDON — The last lawyer has argued. The final witness has been heard. After seven months of courtroom drama and celebrity cameos, Britain's phone hacking trial will soon be in the hands of jurors. They are expected to retire this week to decide whether...

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5 things to know about Apple's stock split

SAN FRANCISCO — Apple's resurgent stock may have as much to do with financial engineering as the company's technological wizardry. Monday marked Apple's first stock split in nine years, a move designed to make it more affordable to buy shares of the...

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Stock market rises slightly in midday trading

NEW YORK — The stock market nudged higher Monday after a handful of U.S. companies announced deals. Family Dollar's stock jumped following news that investor Carl Icahn has taken a stake in the company. KEEPING SCORE: The Standard & Poor's 500 index...

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Massachusetts sued over restrictions on painkiller Zohydro

A federal judge is scheduled to consider whether or not Massachusetts' latest attempt to restrict a powerful new painkiller violates the U.S. Constitution. Zogenix, the San Diego-based manufacturer of Zohydro, a hydrocodone-based prescription drug,...

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State sued over restrictions on painkiller Zohydro

BOSTON — A federal judge is scheduled to consider whether or not Massachusetts' latest attempt to restrict a powerful new painkiller violates the U.S. Constitution. Zogenix, the San Diego-based manufacturer of Zohydro, a hydrocodone-based prescription...

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Bill prohibiting 38 Studios payment to be heard

PROVIDENCE, R.I. — Legislation that would prevent Rhode Island from repaying the 38 Studios bonds is being taken up by a House committee, days before lawmakers will vote on repayment as part of the budget bill. House Oversight Chairwoman Karen MacBeth...

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