Daily Mail Buys Elite Daily

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Britain’s Daily Mail & General Trust said it has acquired cultural news website Elite Daily as part of a plan to broaden its footprint in the U.S.

How Sharp-Elbowed Uber Is Trying to Make Nice

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Facing roadblocks, ride-sharing service Uber is trying to present a softer side to its aggressive push into global markets.

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.

Recalls Hit Honda Earnings

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Honda cut its profit outlook for a second consecutive quarter, the latest indication of the growing toll of two recalls—one involving exploding air bags made by Takata and the other related to the redesigned Fit subcompact.

Shake Shack Surges in Debut

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Shares of Shake Shack more than doubled Friday in their market debut, indicating the appetite that investors have in so-called fast-casual restaurants.

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.

Lower Oil Prices Help Truck Demand, Paccar Says

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Lower oil prices should cause more U.S. consumer spending, which will stimulate demand for commercial trucks this year, Paccar said.

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.

Judge Clears Way for Dendreon to Auction Provenge

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A bankruptcy judge Friday paved the way for Dendreon to auction its flagship, Provenge, to the highest bidder, a day after Valeant Pharmaceuticals set a $296 million floor price for the prostate cancer drug.

FCC Names Winning Bidders In Wireless Spectrum Sale

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AT&T spent $18.2 billion in the latest sale of U.S. wireless licenses, easily topping other bidders and capping a yearlong spending spree that has raised concerns the telecom giant is getting stretched.

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