- Strong earnings reports have sent stocks higher on Wall Street following a two-day decline. Hewlett-Packard shares are up sharply after the personal computer maker reported better-than expected earnings. Shares of Cabot Oil & Gas Corp. and American International Group are also jumping after their earnings beat analysts' forecasts.
- Defense Secretary Leon Panetta says the next meeting of NATO defense ministers will include a major focus on cybersecurity. Panetta's comments in Brussels follow a report by a private cybersecurity firm that concluded that a special unit of China's military is responsible for sustained cyberespionage against U.S. companies and government agencies.
- Johnson & Johnson says it's under investigation by federal prosecutors over its practices in marketing a line of hip replacements recalled two years ago because many failed. The company says its subsidiary that makes joint replacements is cooperating fully with the investigation.
- Under Armour wants to protect its "I will" catchphrase. The Baltimore athletic clothing maker has filed a trademark infringement suit against Nike, claiming its rival has inappropriately used variations of the phrase in its marketing. Under Amour says it's been using the "I will" phrase on hundreds of products, packaging and various types of marketing since 1998.
- New York Mayor Michael Bloomberg has vetoed what would have been the nation's most aggressive measure to try to prevent employers from shunning out-of-work job-seekers. It would have made New York City the fourth place in the nation to ban job ads that say unemployed applicants won't qualify. It would also let rejected applicants sue employers. The City Council speaker is promising to override the mayor's veto.
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