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Business News
Snuggie seller settles charges that it deceived customers
NEW YORK (AP) -- The company behind the Snuggie, Perfect Bacon Bowl and other "As Seen on TV" products has agreed to pay $8 million to settle charges that it deceived customers....
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AbbVie to buy leukemia drugmaker Pharmacyclics for $21B
AbbVie will spend about $21 billion to buy fellow drugmaker Pharmacyclics and add another major revenue producer to a portfolio that already includes the world's top-selling drug....
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US productivity falls at faster pace, labor costs rise
WASHINGTON (AP) -- U.S. worker productivity was even weaker than first thought from October through December while labor costs rose at a faster rate....
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US stocks edge higher; Pharmacyclics jumps on AbbVie bid
NEW YORK (AP) -- U.S. stocks edged higher on Thursday, led by gains for utilities and financial companies. Pharmacyclics, a pharmaceutical company that makes cancer drug Imbruvica, surged after AbbVie said it would acquire the company for $21 billion....
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Maker of device in 'superbug' outbreak lacked FDA clearance
WASHINGTON (AP) -- The manufacturer of a medical instrument at the center of a recent "superbug" outbreak in Los Angeles did not receive federal clearance to sell the device, according to officials from the Food and Drug Administration....
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