Apple to Join Dow, Replaces AT&T

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Apple will join the Dow Jones Industrial Average this month, a long-anticipated change that adds the world’s most-valuable company to the 119-year-old blue-chip index.

Ecopetrol Names Former Finance Minister CEO

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Juan Carlos Echeverry, former finance minister with close ties to the government, was elected as the new chief executive of Ecopetrol.

FDA Approves First Biosimilar Drug

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The FDA approved its first “biosimilar” drug, a decision expected to launch a new industry of lower-cost versions of expensive drugs that could help the U.S. curb its $300 billion in yearly drug spending.

Elaine Wynn Launches Bid for Board Seat

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Wynn Resorts co-founder Elaine Wynn launched a bid to remain on the board, the latest power struggle at the casino operator.

Limits Sought on GMO Corn as Pest Evolves

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U.S. regulators are proposing limits on the planting of some genetically engineered corn to combat a voracious pest that has evolved to resist the bug-killing crops, a potential blow to makers of biotech seed.

Eli Lilly Loses Alimta Patent Case

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A German court ruled that Eli Lilly & Co. cannot prevent a competitor from selling a generic form of its key Alimta cancer drug once the patent expires this December.

Apple to Join Dow, Replaces AT&T

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Apple will join the Dow Jones Industrial Average this month, a long-anticipated change that adds the world’s most-valuable company to the 119-year-old blue-chip index.

Canadian Crude Exports by Rail Drop in Latest Quarter

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Canada’s national energy regulator said Thursday exports of crude oil by rail dropped in the latest quarter, a sign that lower oil prices have made shipments by rail less attractive to some Canadian crude producers.

Alcoa Studies Capacity Reductions

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Alcoa said it is considering closing or divesting itself of some of its smelting and refining operations as part of a continuing effort to improve its profitability.

SAP to Cut Jobs Amid Transition

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SAP said it plans job cuts that could affect as much as 3% of its current global workforce, as the German software company transitions from offering installed applications to a cloud-based business model.

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