PetSmart goes private as $8.7B sale closes

(AP) — PetSmart is going private, as a group of investors led by the buyout firm BC Partners completed their $8.7 billion acquisition of the pet store retailer.

Amazon opens store for unique products from small businesses 

(AP) — It may be the biggest online marketplace in the U.S., but a new store on Amazon will support the little guy.

Official: Average Wall Street bonus rises to nearly $173,000

(AP) — New York's state comptroller says the average bonus paid to securities industry employees in New York City grew 2 percent last year to nearly $173,000.

Arkansas poultry officials say avian flu found in turkeys

(AP) — Arkansas poultry officials say a strain of avian flu has been detected in a commercial turkey flock in the northern part of the state and that the sick birds are being destroyed.

Catalog retailer L.L. Bean to triple stores by 2020

(AP) — L.L. Bean, known for selling its trademark boots via catalog for more than a century, plans to make a bigger push into brick-and-mortar retail by more than tripling the number of locations over the next five years, officials said Wednesday.

FTC takes DirecTV to court, alleges deceptive advertising

(AP) — The government is taking the nation's biggest satellite TV provider to court, accusing DirecTV of misleading millions of consumers about the cost of its programming.

Specialty drugs save lives, come with daunting price tags

(AP) — Mati Munoz lost her liver to hepatitis C, and the virus was attacking its transplanted replacement last year when her doctor prescribed a drug combination that could save the organ.

Flying cars, robot petting zoo: It's South by Southwest time

(AP) — Flying cars and a robot petting zoo. Mobile wallets and net neutrality. The most outlandish ideas of the future and tech trends shaping the world today will be in focus as the freewheeling South by Southwest Interactive Festival kicks off Friday.

Powdered alcohol gets federal agency's approval

(AP) — A powdered alcohol intended to be mixed up into drinks has gained approval from a federal agency.

US stocks sink as investors worry about higher rates

(AP) — U.S. stock indexes fell sharply as fears of over possible interest rate increases by the Federal Reserve roiled financial markets around the globe.