A panel of experts voted to recommend that the Food and Drug Administration approve two injectable cholesterol drugs— one from Amgen and one from Sanofi and Regeneron Pharmaceutical— that lower cholesterol more than statins.
Theworld’s major airlines could soon be changing their requirements for carry-on luggage, potentially forcing people to buy new bags. The International Air Transport Association unveiled a new best-size guideline for carry-on bags that is 21 percent smaller than current standards.
Apple announced a subscription music service to compete with Spotify and Pandora that will include an Internet radio station with live DJs and a site that will allow artists to post lyrics, pictures and videos directly to fans.
Fitness tracker maker Jawbone has filed its second lawsuit in two weeks against competitor Fitbit. The complaint says that essentially all of Fitbit’s wearable products violate patents belonging to Jawbone. Fitbit did not immediately comment.
Whole Foods says it will name its new chain of smaller stores with lower prices “365 by Whole Foods Market,” a nod to the 365 Everyday Value house brand already sold by the grocery chain. The International Monetary Fund said that its team negotiating with Greece has left Brussels after failing to make progress on a debt deal that would help the country to avoid default. Creditors criticize the Greek government’s continued refusal to bow to their demands, risking a default and ultimately an exit from the euro common currency.
Oculus is expanding its highly anticipated virtual-reality headset, called the Rift, to simulate the sensation of touch and gesturing as part of its quest to blur the lines between the fake and genuine world. The device is scheduled to go on sale next year.
GayWeddings.com, a shopping site used by same-sex brides and grooms, will be bought by Chevy Chase-based Wedding Wire, a Yelpstyle online rating giant for the $50 billion U.S. marriage industry.
Wegmans plans to open an urbanstyle supermarket in Tysons Corner as part of a big expansion of Capital One’s corporate headquarters, the two companies said.
General Motors chief executive Mary T. Barra said that Fiat Chrysler chief executive Sergio Marchionne sent an e-mail proposing a potential merger and that GM’s board gave “strong support” to her strategy of going it alone.
General Electric will sell its private equity business in a deal valued at about $12 billion. The U.S. Sponsor Finance business, which includes Antares Capital, will be sold to the Canada Pension Plan Investment Board, alongside a $3 billion bank loan portfolio. The National Basketball Association says Nike will become the league’s official uniform provider under an eight-year deal beginning with the 2017-2018 season. Adidas is the league’s current provider.
Lululemon appears to be in a better business posture, as the Vancouver, B.C.-based yoga clothes retailer reported its quarterly revenue surged 10 percent to $424 million and issued a more upbeat sales forecast for the year. Target reiterated a 7.7 percent
increase in its dividend to 56 cents in an official statement, a day after a similar announcement was posted on its Web site by mistake. The retailer also affirmed a $5 billion boost to its stock buyback plan.
The Office of Management and Budget issued a directive requiring all publicly accessible federal Web sites and services to adopt encryption using “https.” The “s” after “http” stands for “secure.” The Education Department
expanded its offer of federal debt relief to all students who can prove that a school used deceptive tactics to persuade them to borrow money for college.
Rupert Murdoch, the 84-year-old mogul who built one of the world’s largest media and entertainment empires, will step down as chief executive of 21st Century Fox and hand the position to his son James. The elder Murdoch will remain as executive chairman.