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Akorn to buy rival eye drug firm 27 Aug 2013 | 04:29 pm
Lake Forest-based pharmaceutical company Akorn Inc. will buy rival Hi-Tech Pharmacal Co. Inc. in a $640 million cash deal that willl make Akorn the third-largest U.S. generic ophthalmic player.
McDonald's Japan appoints new leader as sales slump 27 Aug 2013 | 04:02 pm
McDonald's Holdings Co. (Japan) Ltd replaced on Tuesday the president and CEO of its operating company after its first-half sales and profits dropped as higher prices put off customers.
The day ahead in business 27 Aug 2013 | 03:30 pm
Reports: Case-Shiller 20-city home-price index for June, 8 a.m.; Consumer confidence for August, 9 a.m.; Richmond Fed manufacturing index for August, 9 a.m.; State Street investor confidence index for...
American Airlines' parent AMR reports July profit of $292 million 27 Aug 2013 | 11:16 am
AMR's record monthly profit cuts against its justification for merging with US Airways to create the world's largest airline. The parent company of American Airlines reported a $292-million profit fo...
Barnes & Noble's retail head sells shares 27 Aug 2013 | 07:27 am
Barnes & Noble Inc's retail group head Mitchell Klipper sold about two-thirds of his shares in the beleaguered retailer in the past few days, according to a filing with the Securities and Exchange Com...
Chicago loses court challenge to vacant building registry 27 Aug 2013 | 03:44 am
Vacant buildings in foreclosure with mortgages backed by Fannie Mae and Freddie Mac do not have to follow Chicago’s vacant building ordinance, a federal judge has ruled.
SEC says Indiana man used Ponzi scheme to fund a reality TV show 27 Aug 2013 | 03:20 am
The Securities and Exchange Commission charged an Indiana man with running a $6 million Ponzi scheme that defrauded investors out of their retirement savings and used the money to invest in a bridal s...
Founder Schulze to start selling Best Buy stock in October 27 Aug 2013 | 03:13 am
According to a regulatory filing, Best Buy's founder plans to start selling his stake in the electronics retailer in October,
Judge approves Facebook privacy settlement over ads 27 Aug 2013 | 02:37 am
SAN FRANCISCO (Reuters) - A U.S. judge on Monday granted final approval to Facebook's $20 million settlement of a lawsuit over targeted advertising despite objections that the deal did not go far enou...
Ackman to sell stake in J.C.Penney 27 Aug 2013 | 02:27 am
Hedge fund manager William Ackman, the single biggest shareholder in J.C. Penney Co Inc , is selling his entire stake in the ailing retailer, according to a regulatory filing on Monday.
