US Business News

Panasonic Stops Making Televisions in China

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Panasonic Corp. has stopped making televisions in China, faced with severe price competition and slowing market growth, a person at the company said Saturday.

IPO Sizzles as Shake Shack Tests Big Chains

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Shares of fast-casual chain Shake Shack, rocketed up 119% on their first day of trading from their initial public offering price of $21 each, ending at $45.90 and giving the operator of 63 restaurants a valuation topping $1.6 billion.

Dish Surprise Winner in Spectrum Auction

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AT&T topped all bidders in the government’s record setting auction of wireless licenses, but it is Dish Network that may have pulled off the biggest coup, collecting more licenses than any other rival.

States Dash to Regulate E-Cigarettes

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As the Food and Drug Administration continues to figure out how to regulate the rapidly accelerating use of electronic cigarettes, states are taking matters into their own hands.

AbbVie Hepatitis C Drug Predictions Disappoint

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AbbVie anticipates its new hepatitis C treatment, Viekira Pak, will be selling at an annualized clip of more than $3 billion by the end of 2015, falling short of expectations.

Pom's Ads Were Deceptive, Court Says

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A federal appeals court upheld Federal Trade Commission findings that pomegranate-juice maker Pom Wonderful made false and misleading claims its products were effective in fighting heart disease and prostate cancer.

A Super-Bowl Ad Is Just Half the Battle

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For marketers, Super Bowl commercials are just part of the blitz for the big game. Ad executives say it is equally important to make a splash with eye-catching displays at retail stores to reinforce a brand’s message.

Mattel's New CEO Vows Urgency

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Toy maker Mattel confirmed a decline in sales and profit during the crucial holiday-shopping quarter, and said it would act with urgency to improve results.

Cigarette Volume Declines Ease at Altria

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Cigarette volume declines at Altria eased in the fourth quarter, suggesting the Marlboro maker is getting a lift from the rebounding U.S. economy.

Chevron Earnings Hit New Low

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Chevron posted its lowest quarterly profit in five years and said it would trim its ambitious spending plans and halt share buybacks as the collapse in oil prices erased billions of dollars in cash flow.

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