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Today's Financial News

Business Highlights

9 hours ago

___ From rents to haircuts, Americans start to feel price hikes WASHINGTON (AP) β€”An unfamiliar sight for U.S. consumers has emerged in parts of the economy β€” higher prices. The price increases remain modest, but they are the largest since the Great Recession ended six years ago. These increases actually reflect a healthier economy as many businesses have finally grown confident enough to pass their own higher costs on to consumers without fear of losing customers.

AGL Resources posts 2Q profit of $42 million, result misses forecasts

9 hours ago

ATLANTA (AP) _ AGL Resources Inc. (GAS) on Tuesday reported second-quarter net income of $42 million. On a per-share basis, the Atlanta-based company said it had net income of 35 cents. Earnings, adjusted for non-recurring costs, were 39 cents per share. The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

AtriCure reports 2nd-quarter loss but tops expectations

9 hours ago

WEST CHESTER, Ohio (AP) _ AtriCure Inc. (ATRC) on Tuesday reported a loss of $4.9 million in its second quarter. On a per-share basis, the West Chester, Ohio-based company said it had a loss of 18 cents. The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

FDA approves medical balloon to treat obesity by filling up stomach

9 hours ago

WASHINGTON (AP) β€” Federal health regulators say they have approved an inflatable medical balloon that helps patients lose weight by filling up space in the stomach. The Food and Drug Administration cleared Reshape Medical's balloon system to treat obesity in adults. The balloon is inserted into the stomach using an endoscope and then filled with saline solution. Patients are sedated during the procedure, which takes less than 30 minutes, according to an FDA release.

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