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Jury: Firm to pay $1B for faulty hips

Subscriber onlyA Texas jury ordered Johnson & Johnson to pay more than $1 billion to patients who claimed the company hid flaws in its Pinnacle artificial hips that had to be surgically removed. Continue reading...

$68M malt house is world's largest

State, city incentives helped business expand in Minnesota

Subscriber onlyMINNEAPOLIS -- The world's largest single-site malting facility is now operating outside the Twin Cities, though its owners could have processed barley into beer ingredients elsewhere. Continue reading...

United to pay SEC $2.4M for flights operating at loss

Subscriber onlyWASHINGTON -- The parent company of United Airlines will pay $2.4 million to settle civil charges by securities regulators over flights that were started to help an official who oversaw one of the airline's hub airports. Continue reading...

Asset manager, SEC settle for $20M

Subscriber onlyPacific Investment Management Co., known as Pimco, agreed to pay almost $20 million to settle allegations by the Securities and Exchange Commission that it didn't properly value securities in an exchange-traded fund formerly run by Bill Gross. Continue reading...

Monetary fund chief talks global trade

Subscriber onlySupporters of globalization need to develop a new way to promote open markets that relies on smaller trade deals and helps people who are feeling left out, International Monetary Fund Managing Director Christine Lagarde said Friday. Continue reading...

Fed said to scold bank over UFC deal

Sources: Loans in $4B buyout set up by Goldman Sachs called substandard

Subscriber onlyFederal Reserve regulators reprimanded Goldman Sachs Group Inc. a second time for flouting lending guidelines in a risky debt deal it arranged for the $4 billion buyout of Ultimate Fighting Championship, the mixed martial arts promotion company. Continue reading...

EPA bid requires mines offer cleanup assurances

Subscriber onlyBILLINGS, Mont. -- The U.S. Environmental Protection Agency said Friday that it plans to require mining companies to show that they have the financial wherewithal to clean up their pollution so taxpayers aren't stuck footing the bill. Continue reading...

OPEC deal's U.S. effect downplayed

Subscriber onlyDALLAS -- OPEC's decision Wednesday to cut production led to an immediate jump in oil prices, but the effect on consumers and the U.S. economy is likely to be more modest and gradual. Continue reading...

October builder outlays up 0.5%

Growth reported in manufacturing

Subscriber onlyWASHINGTON -- U.S. builders increased spending on construction projects by a modest amount in October, helped by big gains in spending on home construction and the biggest increase in government projects in 10 months. Continue reading...

Auto sales up 4% in November

Black Friday deals bring shoppers back to showrooms

Subscriber onlyDETROIT -- Black Friday deals and postelection confidence helped pull November U.S. auto sales out of their recent slump and increased the chances that 2016 could set a record for new vehicle sales. Continue reading...

Senate votes to bar robot ticket buyers' price-inflated sales

Subscriber onlyWASHINGTON -- The U.S. Senate unanimously passed a bill this week that would prohibit automated scalping software known as "ticket bots" from buying up seats for theater shows, concerts or sports events and reselling them at inflated prices. Continue reading...

Pop-up shops key strategy for malls

Short-term retailers now line once empty store fronts

Subscriber onlyLOS ANGELES -- When Platform opened this year just outside Los Angeles, the upscale shopping center set aside four stores for a specific class of highly sought-after retailers. Continue reading...

Wells Fargo creates rule splitting chairman, CEO

Subscriber onlyWells Fargo said Thursday that it has changed its bylaws to require a separate chairman and chief executive officer, breaking with most of its U.S. peers after years of sales abuses in its branches spiraled into a national scandal. Continue reading...

U.S. consumers should feel muted effect from rising oil price, analysts say

DALLAS — OPEC's decision to cut production gave an immediate boost to oil prices, but the effect on consumers and the U.S. economy is likely to be more modest and gradual, analysts say. Continue reading...

Votes for marijuana lift warehouse rents

Factors in growing it make space scarce in legalizing states

Subscriber onlyIt took Chris Abbott six stressful months to find a new space for his growing company. Continue reading...

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