Raytheon Executive Sees New Threats Boosting Defense Budgets

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A senior Raytheon Co. executive said a number of countries are revisiting their defense budgets in the wake of the crisis in Ukraine. The defense contractor also delivered a forecast-beating 21% rise in first-quarter profit.

UPS Profit Slides on Harsh Weather

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UPS posted a lower first-quarter profit, pointing to unusually harsh weather that increased its expenses and slowed its revenue growth.

Caterpillar Earnings Beat Estimates

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Caterpillar's first-quarter profit rose a better-than-expected 4.8% on mostly flat sales as the maker of construction equipment continues to deal with a slowdown in its mining-equipment business.

GM Profit Falls 82%, Hurt by Recalls, but Beats Estimates

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General Motors first-quarter results fell 82% but exceeded Wall Street's expectations, as the push to sell cars and trucks at higher prices in North America helped the auto maker offset the cost of model recalls.

Zimmer to Buy Biomet for $13.35 Billion

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Zimmer agreed to buy rival orthopedic maker Biomet for about $13.35 billion, in a bid to position the combined company as a leader in making products to repair muscles and bones.

Two Small Businesses Adapt to Health Law

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Small businesses are finding both benefits and costs as they attempt to navigate the Affordable Care Act.

Wireless Acquisition Boosts Verizon's Profit

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Verizon said its profit more than doubled for the first three months of the year, as the telecommunications giant got a big boost from its recent Verizon Wireless acquisition and continued to increase its base of wireless and Internet customers.

China Strips Sina of Publication, Distribution Licenses

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The Chinese government stripped popular Internet portal Sina Corp. of two online-publication and distribution licenses, official media said, as a crackdown on lewd content intensified.

3M Profit Buoyed by Electronics Unit

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3M Co. reported a 6.9% profit increase for the first quarter as results improved in a division supplying materials to the electronics industry.

FCC Easing Up on 'Net Neutrality'

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Regulators are proposing rules on Internet traffic that would let broadband providers charge companies a premium for access to their fastest lanes.

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