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    Philips says it has agreement to take over Spectranetics

    THE HAGUE, Netherlands (AP) — Dutch electronics and health care technology company Philips says it has an agreement to buy The Spectranetics Corporation in a deal worth 1.9 billion euros ($2.2 billion). Spectranetics, based in Colorado Springs, makes medical devices used to treat arterial blockages in the heart and legs and to remove pacemaker and […]
  • A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, June 28, 2017. A global stock market selloff extended to Asia on Wednesday as investors grew cautious following losses on Wall Street sparked by a delayed healthcare vote and in Europe over hints that stimulus would be reduced. (AP Photo/Vincent Yu) Money

    Global share sell-off hits Asia after Wall St, Europe losses

    HONG KONG (AP) — A global stock market sell-off pulled shares lower in Asia on Wednesday as investors grew cautious following losses on Wall Street sparked by a delayed health care vote. Sentiment was clouded in Europe by speculation that European Central Bank stimulus may be wound down if conditions improve. KEEPING SCORE: Hong Kong’s […]
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    Toshiba pushes back closing deal on memory unit sale

    TOKYO (AP) — Japanese electronics and energy giant Toshiba has delayed its deadline for reaching an agreement on selling its lucrative computer memory chip business. The company said Wednesday negotiations were continuing on a 2 trillion yen ($18 billion) deal with a consortium led by a Japanese government-backed fund. Tokyo-based Toshiba had hoped to have […]
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    Sprint, Darden Restaurants gain; T-Mobile, FactSet fall

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday: Darden Restaurants Inc., up $2.61 to $92.69 The owner of Olive Garden and other chain restaurants beat Wall Street’s earnings forecasts and gave an upbeat outlook. Alphabet Inc., down $24 to $948.09 The European Union slapped a record $2.7 billion fine on the […]
  • Money

    How major US stock market indexes fared on Tuesday

    A steep slide in technology companies led U.S. stocks broadly lower Tuesday after a day of choppy trading on Wall Street. Phone companies, utilities were among the biggest decliners after a sell-off in bonds sent yields sharply higher. Banks bucked the broader market slide. On Tuesday: The Standard & Poor’s 500 index fell 19.69 points, […]
  • This Monday, June 27, 2016, photo shows an Olive Garden restaurant, a Darden brand, in Methuen, Mass. Darden Restaurants, Inc. reports earnings, Tuesday, June 27, 2017. (AP Photo/Elise Amendola) Money

    Darden CEO: Millennials still enjoy chains like Olive Garden

    NEW YORK (AP) — Millennials may be shunning some habits beloved by past generations, but one restaurant company CEO says they still want to go to sit-down chains like Olive Garden. “Believe it or not, millennials still want to come to restaurants,” Gene Lee, chief executive of Olive Garden’s parent company Darden Restaurants, said Tuesday, […]
  • U.S. Fed Chair Janet Yellen speaks during a discussion with Lord Nicholas Stern, President of the British Academy, at Carlton House Terrace of the British Academy in London, Tuesday, June 27, 2017.(AP Photo/Frank Augstein) Money

    Yellen: Banking reforms should avert future financial crisis

    LONDON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that she believes banking regulators have made enough improvements to the financial system that the world will not experience another financial crisis “in our lifetimes.” Addressing an audience at the British Academy in London on Tuesday, Yellen said the banking reforms put in place in […]
  • FILE - In this April 7, 2016 file picture Nestle's directors speak in front of the Nestle's logo during the general meeting of Nestle Group, in Lausanne, Switzerland. Nestle says Monday, June 26, 2017  it's keeping "an open dialogue with all of our shareholders" after news reports that a U.S. hedge fund has taken a large stake sent shares of the Swiss food and beverages giant soaring.  (Laurent Gillieron/Keystone via AP,file) Lifestyle

    Nestle to buy back $21 billion in its own stock by 2020

    NEW YORK (AP) — Nestle says it plans to spend about $21 billion to buy its own stock in the next three years as the food and beverage giant seeks to boost shareholder value. The Swiss food and beverage giant also said Tuesday that that after a review of its wide-ranging business, it will mostly […]
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    IMF trims economic forecast for US amid growth uncertainty

    WASHINGTON (AP) — The International Monetary Fund has trimmed its outlook for the U.S. economy, citing the number of uncertainties that surround President Donald Trump’s plans to boost economic growth. The IMF forecast that the U.S. economy will grow this year at an annual rate of 2.1 percent. That would be an improvement over last […]
  • In this Wednesday, June 7, 2017, photo, shoppers walk by a Victoria's Secret store, in Hialeah, Fla. On Tuesday, June 27, 2017, the Conference Board releases its June index on U.S. consumer confidence.  (AP Photo/Alan Diaz) Money

    Consumer confidence rises in June

    WASHINGTON (AP) — U.S. consumers became more confident in June –with more Americans pleased by current conditions but slightly less hopeful about what the next six months hold. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose to 118.9 this month from 117.6 in May. The gains suggest that […]