Ex-KPMG Partner Gets 14 Months in Prison

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Former KPMG partner Scott London, who pleaded guilty to an insider-trading scheme, was sentenced to 14 months in prison in a Los Angeles federal court.

FTC Blog: Laws Preventing Sales by Car Makers Like Tesla Are 'Bad Policy'

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Blog post by staffers at the Federal Trade Commission said laws that limit direct sales of automobiles from manufacturers, such as Tesla, are "bad policy."

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.

Zimmer to Buy Rival Biomet

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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.

Google+ Chief Vic Gundotra Departs

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Vic Gundotra, the executive in charge of Google+, announced his departure from Google, the latest sign of upheaval at the company's social network.

For First Time, Verizon Loses Cellphone Customers

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Verizon lost wireless customers for the first time ever, as its rivals launched a bitter fight for new subscribers. It lost roughly 138,000 net postpaid phone customers in the first quarter.

Generics Dent AstraZeneca Profit

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AstraZeneca posted a 50% fall in first-quarter profit, below analysts' expectations, as sales of its best-selling drugs continued to be dented by generic competition.

Apple Plans Another Large Debt Sale

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A year after it pulled off a then-corporate record $17 billion bond sale, Apple's plans to raise a "similar" sum this year highlight strong investor demand for debt issued by highly rated companies.

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