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WASHINGTON – Despite what he called an “abrupt about-face” by Major League Baseball (search), the head of a congressional panel said Thursday he will propose a law creating a drug testing standard for the four major professional sports leagues. House Government Reform Committee chairman Tom Davis, R-Va., opened a hearing …

WASHINGTON – Qwest Communications International Inc., (Q) which lost a bidding war for MCI Inc. (MCIP) this week, said on Tuesday it posted a first-quarter profit due to the sale of assets from its wireless business. Qwest (search), the fourth-largest U.S. local telephone company, did not immediately provide an update …

WASHINGTON – U.S. business productivity (search) growth accelerated unexpectedly in the first quarter but labor costs picked up, according to a government report on Thursday that suggested a slight increase in profit and price pressures. Nonfarm business productivity, or output per worker hour, rose at a 2.6 percent annual pace …