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Comcast scraps Time Warner Cable takeover

updated: 04/24/2015 10:03 p.m. Discuss

Comcast confirmed Friday that it had called off its $45 billion takeover of Time Warner Cable, aborting its plans to create a national cable company with unprecedented control over the future of the country's television and broadband markets.

Ford gears up in Russia as GM stalls

posted: 04/25/2015 1:54 a.m. Discuss

General Motors Co. and Ford Motor Co., Detroit's two venerable rivals, usually compete toe-to-toe in everything they do. But in Russia, they are headed in radically different directions.

Getting it straight

posted: 04/25/2015 1:54 a.m. Discuss

New York Institute of Technology was awarded initial approval for an osteopathic medical school site at Arkansas State University in Jonesboro. Dr. Barbara Ross-Lee, who will serve as dean, is the former dean of the NYIT College of Osteopathic Medicine in New York. The initial approval and Ross-Lee's work history were inaccurate in an article in Friday's edition.

Durable goods demand rises 4%

posted: 04/25/2015 1:54 a.m. Discuss

Purchases of long-lasting manufactured goods in March jumped by the largest amount in eight months, but a closer look at the details reveals that businesses kept pruning their investment plans in the face of a softening U.S. economy.

American Airlines' profit a record

posted: 04/25/2015 1:53 a.m. Discuss

FORT WORTH -- The fuel bill at American Airlines fell by nearly half in the first quarter, helping the company set a record profit despite a dip in revenue.

Avian flu cleanups idle barns 2 months

posted: 04/25/2015 1:52 a.m. Discuss

Millions of turkeys killed to control bird flu this year have left an additional chore for the U.S. farms with dead animals: cleaning up for at least two months before business is back to normal.

2 creameries jolted by listeria findings seek source of entry

posted: 04/25/2015 1:52 a.m. Discuss

WASHINGTON -- Recalls by two well-known ice cream companies tied to the discovery of listeria bacteria raise questions about how the pathogen could have contaminated multiple ice cream manufacturing plants -- and whether the discoveries are related.

Market report: Tech firms' gains nudge stocks up

posted: 04/25/2015 1:50 a.m. Discuss

NEW YORK -- Stocks advanced slightly Friday as investors cheered the quarterly results of three large technology companies: Google, Microsoft and Amazon.

LSU halts $114.5M bond sale, says insolvency filing on table

posted: 04/25/2015 1:50 a.m. Discuss

Louisiana State University scrapped a $114.5 million municipal-bond deal amid investor concern that its plans to address cuts in state funding may include filing for exigency.

Business news in brief

posted: 04/25/2015 1:49 a.m. Discuss

Bureau honors ethics policies of 4 firms

Comcast is dropping $45 billion Time Warner Cable bid

posted: 04/24/2015 8:12 a.m. Discuss

NEW YORK — Comcast is dropping its $45 billion bid for Time Warner Cable after heavy regulatory pushback.

U.S. new-home sales fall 11.4%

posted: 04/24/2015 2:08 a.m. Discuss

WASHINGTON -- Sales of new U.S. homes fell in March with sharp declines in the Northeast and South.

SUV, truck sales carry GM profits

posted: 04/24/2015 2:07 a.m. Discuss

DETROIT -- Encouraged by lower gasoline prices, consumers in the U.S. spent big in the first quarter on vehicles that carry lots of passengers and cargo -- and deliver hefty profit margins for General Motors.

Ice cream-maker's hometown reels from recall

posted: 04/24/2015 2:06 a.m. Discuss

It's hard to overstate how big of a deal ice cream is in the little Texas town of Brenham.

Market report: Nasdaq closes at record 5,056.06

posted: 04/24/2015 2:06 a.m. Discuss

NEW YORK -- The Nasdaq composite index rose 20.89 points, or 0.4 percent, to close Thursday at 5,056.06, topping a record close of 5,048.62 it set March 10, 2000.


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