BC-Business News Digest
â¿¿ AMERICAN AIRLINES-JOBS â¿¿ American Airlines wants to eliminate 1,200 nonunion jobs as it cuts costs while under bankruptcy protection.
â¿¿ ROCHE-ILLUMINA OFFER â¿¿ Roche to end bid to buy U.S. diagnostics firm Illumina in deal valued at about $6.5 billion.
â¿¿ FOR-PROFIT COLLEGES â¿¿ Democratic senators seek to halt the federal dollars used by for-profit colleges in recruitment ads.â¿¿ ULTRASOUND GEL-FDA WARNING â¿¿ Federal law enforcement officials have seized contaminated ultrasound gel from a New Jersey company. The FDA says the product has sickened at least 16 patients. â¿¿ FRANCE-LVMH â¿¿ French luxury conglomerate LVMH Moet Hennessy Louis Vuitton says first-quarter revenue grew 25 percent on strong sales in Asia and the U.S. and in its new acquisition, Bulgari. â¿¿ INDIA-DAIMLER â¿¿ German automaker Daimler is investing $850 million in India, opening a new commercial vehicle factory. â¿¿ GERMANY-AUDI-DUCATI â¿¿ Volkswagen AG's Audi unit is buying Italian high-performance motorcycle maker Ducati, giving the company another glossy brand to go with its Lamborghini, Bugatti and Bentley automakers. AP Photos. â¿¿ NETHERLANDS-EARNS-HEINEKEN â¿¿ Dutch brewer Heineken NV says first-quarter sales and earnings rose. TECHNOLOGY & MEDIA EARNS-EBAY NEW YORK â¿¿ EBay's first-quarter net income grew 20 percent thanks to higher revenue from its PayPal business and brisk sales at its e-commerce websites. The results beat Wall Street's expectations and investors send the company's stock higher in after-hours trading. By Technology Writer Barbara Ortutay. â¿¿ EARNS-QUALCOMM â¿¿ Mobile phone chip maker Qualcomm Inc. says its fiscal second-quarter profit more than doubled as strong demand for smart phones boosted sales. â¿¿ TEACHERS-SOCIAL MEDIA â¿¿ Should teachers and students be Facebook friends? Districts debate rules on social media. AP Photos. â¿¿ ORACLE-GOOGLE TRIAL â¿¿ Google CEO Larry Page spends nearly an hour in a federal courtroom deflecting questions about his role in a copyright dispute over some of the technology in his company's Android software for smartphones. AP Photos.
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