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Companies and Corporations

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  • Massive recall expenses slash General Motors' first-quarter profit

    Massive recall expenses slash General Motors' first-quarter profit
    Heavy spending to repair more than 6 million vehicles in the first quarter triggered an 88% plunge in General Motors Co. earnings for the period, compared to a year earlier.
  • Zimmer to buy Biomet amid flurry of billion-dollar medical deals

    Zimmer to buy Biomet amid flurry of billion-dollar medical deals
    Orthopedic products maker Zimmer Holdings on Thursday announced it will acquire Biomet Inc. in a deal valued at $13.35 billion, including assumption of debt, the companies said.    The proposed acquisition follows a flurry of billion-dollar deals by...

    Apple, Google agree to settle antitrust class action, lawyer's office says

    Apple, Google agree to settle antitrust class action, lawyer's office says
    The four tech giants accused of artificially suppressing wages by conspiring not to poach each other's talent agreed to settle a major antitrust lawsuit Thursday, according to the office of one of the attorneys involved. If the documents that already...

    Boeing profit falls 12.7% but it tops analyst forecasts

    Boeing profit falls 12.7% but it tops analyst forecasts
    Boosted by strong sales, Boeing Co. beat analysts' estimates for its first quarter largely because of faster production of commercial jetliners. The Chicago aerospace giant reported a profit of $965 million, or $1.28 a share. That's down 12.7% from $1....

    Allergan adopts 'poison pill' defense in Valeant takeover bid

    Allergan adopts 'poison pill' defense in Valeant takeover bid
    Takeover target Allergan Inc., the company that makes Botox, has adopted a "poison pill" defense intended to delay a buyout by Canadian company Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman. The Irvine company's...