NEW YORK (AP) — Stocks closed lower on Thursday, led by declines in health-care companies as investors worry about a backlash in Washington against recent price increases for key drugs. A few retailers reported disappointing earnings, and that helped push down consumer discretionary stocks. The losses were modest as major indexes hover near record highs hit last week.
Loyal owners of Volkswagen diesel cars understandably felt betrayed when they learned the German automaker had rigged the testing process to bypass U.S. emissions standards. But many are having a change of heart after learning how much VW will pay them to turn in their cars.
DOVER, Del. (AP) — The head of U.S. Senate Judiciary Committee has called for hearings next month on the proposed merger between the DuPont Co. and Dow Chemical, as well as on broader issues of consolidation within the seed and chemical industry.
TRENTON, N.J. (AP) — Drugmaker Pfizer Inc. is continuing its shopping spree with its fourth acquisition since the April collapse of its planned $160 billion megadeal to buy rival Allergan PLC and move its headquarters, on paper, to Allergan's base in lower-tax Ireland.
LONDON (AP) — Pharmaceutical company AstraZeneca plans to sell its antibiotic pills business to Pfizer in a deal that will be valued in excess of $1.5 billion when rights, royalties and other payments are included.
DETROIT (AP) — Hot cars are a danger to children, particularly in a sweltering summer like this one. There are some devices on the market — built into cars as well as child seats — that can help prevent kids from being left behind.
In an effort to keep kids safe as we get ready for school to start, eight new buttons are installed at crosswalks along 787 in Cohoes. They’re called elevator buttons because they light up after you push them. That way you know they're working.
A man accused of killing a 2-year-old girl was found not guilty on all charges on Thursday. Michael Davis had been accused of killing his girlfriend's daughter back in February 2015. Prosecutors argued the Troy man squeezed little Viola to death. The defense argued that Davis found the girl unresponsive and tried to perform CPR.
Million Dollar Beach is going to remain closed at least a little while longer. The State Department of Environmental Conservation says tests show the levels of coliform bacteria in the water have gone down but they are going to keep the beach closed until more extensive testing is done.