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Category: Economy

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Merck & Co. submit new hepatitis drug application to FDA

Merck & Co. has submitted to the U.S. Food and Drug Administration (FDA) a New Drug Application for an experimental drug combination designed to cure ...
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Why Tungsten Rings are becoming more Popular than Gold

Tungsten rings have become more popular than ever as more people become aware of the numerous benefits that they have to offer. Unlike rings made from...
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Palo Alto Networks Inc posts $45.9M loss in Q3

Palo Alto Networks Inc reported on Wednesday a net loss of $45.9mn or $0.56 a share in the third quarter compared with a $146.6mn loss or $1.96 a shar...
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Hormel Foods Corp. acquires Applegate Farms for $775M

Hormel Foods Corp. announced on Tuesday that it has acquired Applegate Farms, LLC, which owns the Applegate brand, for around $775mn.
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U.S. durable goods orders decline 0.5 percent in April

Demand by U.S. consumers for big-ticket manufactured items dropped in April, but underlying figures indicate business investment is slowly improving.
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Charter Communications in advanced merger talks with Time Warner Cable

Charter Communications Inc. is closing in to acquire Time Warner Cable Inc. in a deal worth about $55bn that would make the cable operator among the l...
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iOS 9 to be announced at WWDC, targets older hardware improvements

The inaugural Apple Worldwide Developers Conference (WWDC) is expected to be held early next month. And in the company's history, the event stages the...
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Apple Watch to sell 36 million in its first year of availability

An analysis firm has predicted that Apple could sell 36 million Apple Watch in its first year of availability - the sales is even more than some other...
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Murray Energy Corp. will cut 1,800 jobs in Ohio and West Virginia mines

Murray Energy Corp. is expected to announce on Friday its decision to cut about 1,800 jobs at nine locations, according to a source with knowledge of ...
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Salesforce.com posts 23 percent rise in revenue

Salesforce.com Inc. reported a 23 percent increase in revenue year-over-year in its fiscal first quarter ended April 30, topping Wall Street estimates...