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BusinessNews |
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WSJ.com: US Business
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US Business
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Merck's Profit Falls 52%
Merck reported a 52% drop in profit, as the drug maker booked merger and restructuring costs.
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Deal Boosts Li's Standing in U.K.
Tycoon Li Ka-shing's $9.1 billion acquisition of three U.K. power grids from Electricite de France will give him control of about a quarter of the country's power distribution.
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BP's Hayward Defends Tenure, Spill Response
Tony Hayward, the departing chief executive of BP, is unrepentant about how the energy giant responded to the U.S.'s largest offshore oil spill.
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Renault Posts First-Half Profit
Renault swung to a larger-than-expected net profit in the first half, as sales surged despite the phasing out of government incentives to spur demand.
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EADS Raises Full-Year Forecast
EDF said first-half net profit halved, but the company raised its earnings forecast for the full year on increased aircraft deliveries and an improved exchange rate.
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Chevron's Profit Soars
Chevron's earnings more than tripled as the oil company benefited from increased production and prices, plus stronger refining margins.
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AIG Hires Citi for AIA IPO
American International Group has added Citigroup to the list of global coordinators for the listing of a stake in its largest overseas life-insurance business this fall.
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EU May Broaden U.S. Biodiesel Tariffs
The EU is preparing to investigate whether U.S. biodiesel producers are routing their product to Europe through third countries in order to avoid tariffs imposed on U.S. shipments last year.
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Geron to Resume Stem-Cell Study
Geron can proceed with early testing of an embryonic-stem-cell treatment for spinal-cord injuries after the FDA lifted a nearly yearlong hold on the trial.
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Honda, Mazda Improve Bottom Lines
Japanese auto makers Honda and Mazda said that sales was growing strong in Asia and North America as both reported improved earnings on the quarter.
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