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The stock market eked out another all-time high on Tuesday, but the gains were slight as investors awaited more news to give them an indication about the strength of the economy.
Microsoft has unveiled a cheaper smartphone, costing about $135, as it eyes emerging and other low-cost markets for growth. The new model also is the first Lumia smartphone under Microsoft’s own brand name.
The food company Unilever is suing a California company that uses the word “Mayo” in its sandwich spread name, saying that federal regulators and dictionaries define mayonnaise as a spread that contains eggs.
The Nucor Steel Louisiana plant has been shut down after an equipment failure at the Convent facility.
For stocks on Monday, the path of least resistance was up. The Standard & Poor’s 500 index and the Dow Jones industrial average both edged up to all-time highs on a day that was light on economic news and company releases.
GoPro said Monday it plans raise an additional $800 million in a stock offering. In June, the sports camera maker raised $491 million from an initial public offering.
Carnival Cruise Line gift cards once were only available aboard one of the company’s ships. Now, prepaid cards are available at 9,000 stores nationwide.
Prostate cancer drug developer Dendreon is seeking Chapter 11 bankruptcy protection with a plan that leads to either a sale of the company or a takeover by its lenders.
The hamburger chain on Thursday reported a lower-than-expect profit for its third quarter, noting that beef costs were “much higher than our initial projections.” It also said it expects the “record high” costs to continue.
Takata Corp., the Japanese air bag maker embroiled in a massive recall totaling some 12 million vehicles globally, is taking more special losses for new recalls and will sink deeper into the red.
Perrigo is expanding its reach into Europe through a $3.1 billion acquisition of one of the continent’s biggest suppliers of non-prescription medicines.
European Central Bank head Mario Draghi opened the door for further stimulus on Thursday, saying the bank is preparing the technical groundwork for new support measures that it can deploy if needed.
THE WATCHDOGS: Dr. Eric E. Whitaker, one of President Barack Obama’s closest friends, has refused to answer federal prosecutors’ questions about whether he had a “sexual relationship” with a former aide who has pleaded guilty to stealing taxpayers’ money, court records show.
Stocks returned to record levels on Wednesday as a rebound in oil prices boosted energy stocks. The stock market also gained after the completion of midterm elections that saw Republicans take control of the Senate.
The sobering economic news just keeps coming, yet the European Central Bank appears stuck in wait and see mode — held up by policy disputes and a desire to see whether recent stimulus measures are working.