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* Eli Lilly & Co. reached a final agreement to pay $700 million to settle most lawsuits claiming that the company failed to warn of health risks related to Zyprexa, its schizophrenia and bipolar disorder medication.

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* Drug maker GlaxoSmithKline has paid more than $150 million to settle government charges that the company fraudulently inflated the price of drugs purchased by federal healthcare programs, the Justice Department said.

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* European Union antitrust officials are again analyzing complaints that Microsoft Corp. broke rules. A spokesman refused to say who made the complaints.

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* 99 Cents Only Stores said Deloitte & Touche had resigned as its independent auditor, further delaying the company’s financial statements.

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* Qwest Communications International Inc. and Microsoft Corp. said they would offer Internet phone service to small and medium-size businesses starting in 2006.

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* Dell Inc. launched a flash-memory digital music player to compete with the iPod Shuffle.

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