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Strong Drug Sales Lift J&J Above Street in 1Q
Published April 16, 2013
The health-care and consumer products company said it earned $3.5 billion, or $1.22 per share, topping Wall Street expectations and key drug sales improved.
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Coke Shares Surge on Strong 1Q Results
Published April 16, 2013
Coca-Cola revealed better-than-expected quarterly results Tuesday, sending the blue-chip beverage company's stock zipping 5% higher.
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VIX Surges 43% as Stocks Sell Off
Published April 15, 2013
Wall Street's fear gauge surged 43% as the markets took their biggest fall of 2013 on the back of news of explosions in Boston, tumbling commodities and weak data from China.
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No Safety Risks Despite Tighter 787 Inspections
Published April 15, 2013
The FAA said it is tightening the inspection requirements on Boeing’s entire fleet of 737s, but said it does not pose an 'immediate flight safety' threat.
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Embattled Penney Draws on Credit Line
Published April 15, 2013
J.C. Penney said it has drawn $850 million of its $1.85 billion revolving credit facility to support turnaround needs.
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Charles Schwab 1Q Profit Up 6%, Profit In-Line
Published April 15, 2013
Fueled by accelerated growth of new customers, Charles Schwab revealed a 6% improvement in first-quarter profit and expressed confidence in the full year.
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Thermo Fisher to Buy Life Technologies for $14B
Published April 15, 2013
Thermo Fisher Scientific said it will buy Life Technologies for $76 a share, or about $13.6 billion.
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Visa to Let Big Spenders Whiz Through Airport Security
Published April 12, 2013
An effort to attract more high spenders, the mobile payments company announced a new service on Friday that allows its Signature account holders to 'speed through airport security.'
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J.C. Penney Looks for Cash Infusion
Published April 12, 2013
The ailing retailer hired Blackstone for advisement services as it looks to reportedly raise some $1 billion in cash.
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Wells Fargo Unveils 1Q Beat But Sales Fall Short
Published April 12, 2013
Wells Fargo reported first-quarter profits of 92 cents a share, topping Wall Street expectations, but sales fell short.
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