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U.S stocks rise for third week in a row

(AP) — Small was beautiful this week.

True Religion Apparel agrees to $826M buyout offer

(AP) — True Religion Apparel, best known for its high priced denim, has agreed to a buyout offer of about $826 million from the investment management firm TowerBrook Capital Partners LP.

IRS apologizes for targeting conservative groups

(AP) — The Internal Revenue Service inappropriately flagged conservative political groups for additional reviews during the 2012 election to see if they were violating their tax-exempt status, a top IRS official said Friday.

Utah to be first to use dual-model health exchange

(AP) — The federal government has approved Utah to become the first state to have a dual-model health insurance exchange in which the state and the federal government divide responsibilities.

April surplus of $113B lowers US budget deficit

(AP) — The government reported a rare surplus of $113 billion for April — the largest in five years and a sign of the nation's improving finances.

Actavis, Warner Chilcott discussing combination

(AP) — The drugmakers Actavis Inc. and Warner Chilcott PLC say they are holding early discussions about a possible combination of the two companies.

Icahn, Southeastern challenge Dell takeover plan

One of the biggest critics of Michael Dell's plan to take the company he founded private has launched a fresh challenge to that $24.4 billion bid and says the slumping PC maker needs new leadership.

Control towers at small airports to stay open

(AP) — The Federal Aviation Administration will keep open for now the 149 control towers at small airports that were slated to close as the result of governmentwide automatic spending cuts imposed by Congress, the Transportation Department said Friday.

Sears launches new lease-to-own program

(AP) — Sears Holdings Corp. is launching a program at its namesake department stores that will allow financially strapped shoppers unable to quality for credit to lease electronics, home appliances, furniture and mattresses.

Record profit signals healthier Fannie Mae

Fannie Mae used tax credits from delinquent loan losses to help reduce its government debt and boost its first-quarter profits.(AP) — Fannie Mae said something Thursday that would have been unthinkable a few years ago: It earned a record $58.7 billion profit in the January-March quarter.