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Health, energy stocks hit Wall St, Microsoft lifts Nasdaq

The S&P 500 and the Dow came off session lows in early afternoon on Friday, but continued to be weighed down by energy and healthcare stocks, while a record-setting rally in Microsoft kept the Nasdaq in positive territory.

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Recent Business News

McDonald's U.S. sales revive amid stiff competition

McDonald's Corp's turnaround gained momentum in the latest quarter despite intense rivalry in the United States, helped by its all-day breakfast, the "McPick 2 for $2 promotion" and a healthier chicken McNugget, the company said on Friday.

11:16am EDT

BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal

LONDON British American Tobacco has offered to buy out U.S. cigarette maker Reynolds American Inc in a $47 billion takeover that would create the world's biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall. | Video

12:00pm EDT

U.S. mall investors set to lose billions as retail gloom deepens

NEW YORK (Reuters/IFR) - The dramatic shift to online shopping that has crushed U.S. department stores in recent years now threatens the investors who a decade ago funded the vast expanse of brick and mortar emporiums that many Americans no longer visit.

U.S., Tech 6:18am EDT

Audi to buy back 25,000 diesel Q7 models in U.S.: Der Spiegel

FRANKFURT Volkswagen's premium division Audi will buy back 25,000 diesel engined cars in the United States to compensate owners whose cars do not meet exhaust emission standards, German weekly Der Spiegel said on Friday.

10:58am EDT

Honeywell cut 3,017 jobs in third quarter

Honeywell International Inc said on Friday it had cut 3,017 positions across all its businesses in the third quarter, mainly related to the separation of its automation and control solutions business into two new reporting segments.

12:40pm EDT


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