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Business News
Merck beats 1Q profit views with tight cost controls
Merck posted an 18 percent jump in first-quarter income, beating Wall Street expectations, as reduced spending on marketing, administration and research easily offset lower sales of its medicines outside the U.S....
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Applications for US jobless aid climb, but still near lows
WASHINGTON (AP) -- More Americans applied for unemployment benefits last week, but the totals stayed near historic lows in a sign that the recent slowdown in economic growth has yet to spark layoffs....
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Requests for US jobless benefits rose last week, but levels still close to historic lows a...
WASHINGTON (AP) -- Requests for US jobless benefits rose last week, but levels still close to historic lows after economic growth slowing....
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Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend
WASHINGTON (AP) -- Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments it uses to hedge against rate swings....
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SeaWorld loss widens, but adjusted results top expectations
ORLANDO, Fla. (AP) -- SeaWorld's first-quarter loss widened as expenses climbed, but the theme park operator's adjusted results and revenue beat Wall Street's view....
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