(Reuters) - Apple Inc, the nation's largest company by market value, will join the Dow Jones Industrial Average on March 18, replacing AT&T Inc, S&P Dow Jones Indices said on Friday.
The U.S. trade deficit in January dropped sharply as both exports and imports fell. The Commerce Department said Friday that the deficit fell 8.3 percent to $41.8 billion in January from $45.6 billion in December.
... * Feb payrolls top expectations. * International trade deficit narrows. * Foot Locker climbs in premarket after results. * Bank of America climbs after Fed stress tests.
AbbVie Inc. (NYSE:ABBV) said it fought two other drugmakers to �the bitter end� to buy Pharmacyclics Inc and its hot-selling Imbruvica cancer drug, and expects the medicine to generate eventual peak annual sales of more than $7 billion.
Mercedes-Benz said today it plans to spend $500 million to build a new plant in Charleston, S.C., so it can assemble its next-generation Sprinter commercial van there, providing more evidence that the commercial van segment in the U.S.