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Thursday, May 23, 2013 | 10:46 p.m.

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Funnels confiscated during an investigation dubbed "Operation Swill," in which 29 bars and restaurants in New Jersey are accused of putting cheap booze in premium brand liquor bottles and selling it, are displayed during a news conference, Thursday, May 23, 2013, in Trenton, N.J. Thirteen of the restaurants cited are TGI Fridays located in central and northern New Jersey. (AP Photo/Julio Cortez)

NJ franchisee: We'll fix any fake-liquor problems

A New Jersey company that operates 13 TGI Fridays restaurants accused of secretly replacing premium liquor with low-quality booze says it's shocked at the allegations. The Briad Restaurant Group said in a statement Thursday it "takes great pride in the quality of food and drink" it serves customers. State officials ...

Study: No higher cancer rate at Conn. Pratt plants

An 11-year study of the incidence of brain cancer at jet engine manufacturer Pratt & Whitney in the state ended Thursday with university researchers saying they found no statistically significant elevations in the rate of cancer among workers. Researchers at the University of Pittsburgh and the University of Illinois at ...

Procter & Gamble brings back A.G. Lafley as CEO

Procter & Gamble Co. is bringing back its former CEO, as the world's largest consumer-products maker tries to spur global growth. In a surprise move, P&G said Thursday that former CEO A.G. Lafley, a 33-year industry veteran, is returning to the Cincinnati company's helm. Lafley, 65, replaces CEO Bob McDonald, ...

FILE - In this May 14, 2013 file photo, Donald Trump arrives at federal court  in Chicago to testify at a civil trial where he's accused of cheating an 87-year-old woman in a skyscraper condo deal. The attorney for Jacqueline Goldberg told jurors in Chicago on Wednesday, May 22, 2013, that he was personally repulsed by the "Apprentice" star whom he said lied on the witness stand. Jurors withdrew to deliberate later Wednesday. (AP Photo/M. Spencer Green, File)

87-year-old woman loses to Trump in civil case

An 87-year-old grandmother took on billionaire Donald Trump. And on Thursday, she lost. Jurors sided with the real estate mogul-turned-TV showman in a weeklong civil trial focused on Jacqueline Goldberg's claim that Trump cheated her in a bait-and-switch scheme connected to condos in a Chicago skyscraper he built. The federal ...

FILE - In this Dec. 6, 2012, photo, an employee walks through the appliance department at a Sears in North Olmsted, Ohio. Sears Holdings Corp. reports quarterly financial results before the market opens on Thursday, May 23, 2013. (AP Photo/Mark Duncan, File)

Sears reports bigger-than-expected 1Q loss

It was another ugly quarter for Sears Holdings Corp. The beleaguered department-store chain reported a steeper-than-expected loss for its first quarter on slumping sales. It also announced that it is considering selling its protection-agreement business in an ongoing effort to raise cash as it struggles to reverse its fortunes. The ...

This undated photo provided by Hobby Lobby Stores Inc., shows its co-founders David and Barbara Green who are asking a federal appeals court in Denver on Thursday, May 23, 2013,  for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.  The Oklahoma City-based arts-and-crafts chain argues that businesses, and not just religious groups, should be allowed to seek exemptions from that part of the health law if it violates their religious beliefs. (AP Photo/Hobby Lobby)

Hobby Lobby tests birth-control coverage mandate

In the most prominent challenge of its kind, Hobby Lobby Stores Inc. asked a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill. The Oklahoma City-based arts-and-crafts chain argued ...

New rules for labeling meat go into effect in US

Shoppers in the U.S. will soon have more information about where their meat comes from after new federal labeling rules went into effect Thursday. The rules require labels on steaks, ribs and other cuts of meat to say where the animal was born, raised and slaughtered. Earlier U.S. Department of ...

FILE - In this Tuesday, Feb. 26, 2013, file photo, a shopper walks down the steps at a Gap store in Los Angeles.  The Gap Inc. reports quarterly financial results after the market closes on Thursday, May 23, 2013. (AP Photo/Jae C. Hong, File)

Gap back in style as 1Q profit jumps 43 percent

After years of struggle, Gap is back in style. Gap Inc., which owns The Gap, Old Navy and Banana Republic clothing chains, on Thursday reported a 43 percent jump in its fiscal first-quarter net income, as the company continues to reap benefits from the turnaround plan that it began early ...

FILE - In this Thursday, Feb. 14, 2013, file photo, the Ralph Lauren Fall 2013 collection is modeled during Fashion Week in New York. Ralph Lauren Corp. reports quarterly financial results before the market opens on Thursday, May 23, 2013. (AP Photo/Richard Drew, File)

Ralph Lauren's 4Q profit rises 35 pct

Ralph Lauren Corp. reported a 35 percent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices and cost controls. But the seller of Polo and other brands saw its stock fall Thursday because its revenue fell below Wall Street expectations amid poor weather, economic challenges in ...

Trader John Panin, second left, adjusts his glasses as he works on the floor of the New York Stock Exchange Thursday, May 23, 2013. A global stock market slump is continuing on Wall Street as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying program. (AP Photo/Richard Drew)

Stocks edge lower as investors reassess Fed fears

Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. U.S. markets plummeted immediately after the opening bell Thursday following a global slump prompted partly by an unexpected slowdown in Chinese manufacturing. Concern that the Federal Reserve might ease back on its ...

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