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Tuesday, August 23, 2016, 11:57 p.m.
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Pfizer's $14B nets cancer-drug firm

posted: 08/23/2016 2:22 a.m. Discuss

Pfizer will pay about $14 billion to buy cancer drug developer Medivation in a cash deal aimed at fortifying its hold in one of the hottest and most lucrative areas of medicine.

In family-run firms, giving up power can mean fight to death

posted: 08/23/2016 2:17 a.m. Discuss

NEW YORK -- The drama surrounding Sumner Redstone and the corporate governance of Viacom hasn't been an endorsement for publicly held companies controlled by a single family.

Crop mobs boon to small farms

posted: 08/23/2016 2:15 a.m. Discuss

BOLTON, Vt. -- Want to help local farms, get your hands dirty in the field and learn about how food is grown? Join a crop mob.

FCC to vote on lower rates for business-data services

posted: 08/23/2016 2:15 a.m. Discuss

A $45 billion market is facing its biggest regulatory threat yet -- a measure that would dramatically cut the phone bills of businesses across the country.

NYC mayor's Rx for hospitals disputed

posted: 08/23/2016 2:12 a.m. Discuss

New York City's public hospitals are in critical condition, with costs rising and revenue plummeting. There's no dispute about that diagnosis. Health policymakers, hospital administrators and budget watchdogs say the problem is with Mayor Bill de Blasio's proposed cure.

GM to spend $90M to upgrade plant

posted: 08/23/2016 2:11 a.m. Discuss

MARION, Ind. -- General Motors said Monday that it plans to spend about $90 million to update equipment at an Indiana factory that supplies many of the company's assembly plants.

Pfizer spends $14B on Medivation in cancer fight

posted: 08/22/2016 11:05 a.m. Discuss

Pfizer will pay about $14 billion to buy cancer drug developer Medivation in a cash deal aimed at fortifying its hold in one of the hottest and most lucrative areas of medicine.

Automakers ditch Detroit, head to coast

posted: 08/22/2016 2:11 a.m. Discuss

For the first time in America's industrial history, the center for automotive technology is drifting away from Detroit.

Small businesses find mobile link crucial

posted: 08/22/2016 2:09 a.m. Discuss

NEW YORK -- GreenPal CEO Bryan Clayton came to realize he had to scrap his company's $90,000 website.

Minnesota Hmong get help farming, finding a market

posted: 08/21/2016 1:53 a.m. Discuss

HASTINGS, Minn. -- Xai Tou Yang stands by an oversized gray bin, bundling his harvest of long beans inside a refrigerated pole barn near this city southeast of Minneapolis.

State's jobless rate still at 3.9%

posted: 08/20/2016 1:55 a.m. Discuss

Arkansas' unemployment rate remain unchanged in July at 3.9 percent compared with June, the U.S. Bureau of Labor Statistics said Friday.

Suit targets firm's retirement plan

posted: 08/20/2016 1:54 a.m. Discuss

Morgan Stanley and its board are accused in a lawsuit filed Friday of mismanaging the firm's 401(k) retirement plan and costing 60,000 employees hundreds of millions of dollars by picking inappropriate and high-priced investments, some of which were managed for the firm's own profit.

Fed: Allied must raise capital or sell

posted: 08/20/2016 1:52 a.m. Discuss

The Federal Reserve has ordered Mulberry-based Allied Bank to raise more capital or sell itself.

Bank mergers on pace to top '15 level

posted: 08/20/2016 1:50 a.m. Discuss

U.S. regulators looking to avoid bailouts of too-big-to-fail banks have passed so many rules that regional and local lenders are combining to bear the costs.

Florida county boosts mosquito protection

posted: 08/20/2016 1:48 a.m. Discuss

WEST PALM BEACH, Fla. -- As the number of cases of locally acquired Zika virus grows in Miami-Dade County, Palm Beach County hotels and tourism hot spots are expanding efforts to both eliminate mosquitoes on their properties and keep out-of-town visitors and other guests from being bitten.




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