• Business News

Icahn changes tack, seeks $16B…

NEW YORK (AP) — Activist investor Carl Icahn on Tuesday proposed a $16 billion share buyback in his latest effort to thwart Dell Inc. founder Michael Dell's effort to take the struggling computer maker private.

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    • Business News
    Smithfield Foods lays off 120 more at Va. plant

    RICHMOND, Va. (AP) — Smithfield Foods Inc. is laying off 120 more workers as part of its previously announced closure of a Virginia facility that makes hot dogs and deli meat.

    Sprint sues to stop Dish Clearwire buyout

    OVERLAND PARK, Kan. (AP) — Sprint Nextel is suing to stop Dish Network's buyout offer for wireless data network operator Clearwire. The nation's third-largest cellphone carrier

    Warner, Atlantic sued over unpaid internships

    NEW YORK (AP) — A former intern filed a class-action lawsuit Monday against Warner Music Group and Atlantic Records over his unpaid internship, similar to a spate of recent

    Tesoro announces $75M sale of Hawaii refinery

    HONOLULU (AP) — Tesoro Corp. says it has agreed to sell its refining operations in Hawaii to Par Petroleum Corp. for $75 million plus the market value of its working capital.

    Google settles suit, clears way for stock split

    SAN FRANCISCO (AP) — Google has settled a shareholder lawsuit to clear the way for a long-delayed split of the Internet search leader's stock.

    Gas prices still above national average

    Average retail gasoline prices in Fort Wayne have fallen 30.2 cents per gallon in the past week, averaging $3.86 a gallon on Sunday, June 16, 2013 according to

    Maine gas prices hold steady

    AUGUSTA, Maine (AP) — Gas prices in Maine are essentially holding steady even as the national average falls slightly.

    Lowe's offers to buy Orchard Supply for $205M

    MOORESVILLE, N.C. (AP) — Lowe's says it plans to expand its California presence with an acquisition of Sears spinoff Orchard Supply Hardware Stores for about $205 million in cash.

    World looks to Bernanke to clarify stimulus plans

    WASHINGTON (AP) — Is the era of ultra-low interest rates nearing an end?

    Global stocks rise on hopes US will keep stimulus

    KUALA LUMPUR, Malaysia (AP) — Global stock markets edged up Monday amid hopes that the U.S. Federal Reserve will put off plans to wind down its stimulus program.

    • Congress

    Senator: IRS to pay $70M in…

    WASHINGTON (AP) — The Internal Revenue Service is about to pay $70 million in employee bonuses despite an …

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    • Recalls

    US investigates Honda minivans…

    DETROIT (AP) — U.S. safety regulators have added about 320,000 older model Honda Odyssey minivans to a …