A federal appeals courton Friday upheld the Occupational Safety and Health Review Commission's finding against SeaWorld in the 2010 drowning of trainer Dawn Brancheau, who was pulled under by a killer whale at the theme park in Orlando. In a 2-1 decision, the court said that SeaWorld's challenge to the finding was unpersuasive and that it was correct when it found that the park had violated a federal workplace safety law.
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Subway says an ingredient dubbed the "yoga mat chemical" will be entirely phased out of its bread by next week. The disclosure comes as Subway has suffered from an onslaught of bad publicity since a food blogger petitioned the chain to remove the ingredient. The ingredient, azodicarbonamide, is approved by the Food and Drug Administration for use in food as a bleaching agent and dough conditioner. It can be found in a wide variety of products, including those served at McDonald's, Burger King and Starbucks, and breads sold in supermarkets.
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Coldwater Creek, the women's clothing retailer, has filed for Chapter 11 bankruptcy protection after failing to find a potential buyer or a source of capital to help fund its turnaround efforts. Coldwater Creek said Friday that its stores and its website are still open and selling clothing and other goods to shoppers. But it expects to start sales to liquidate its inventory in early May. It plans to hold going-out-of-business sales in the coming months.
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JPMorgan Chase, the biggest U.S. bank by assets, said Friday that its first-quarter earnings fell 20 percent to $4.9 billion, driven by a decline in investment banking and mortgage lending. Revenue was $23.8 billion, down 8 percent from a year earlier. Meanwhile, first-quarter profit for Wells Fargo, the biggest U.S. mortgage lender, surged 14 percent to $5.6 billion as the bank continued to trim its losses on soured loans. Revenue in the quarter fell to $20.6 billion from $21.3 billion a year earlier.
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Closing stock price Friday for General Motors, a 10-month low, amid continuing fallout from a mishandled ignition switch recall of 2.6 million small cars