US Business News

Google Drones Lift Industry Hopes

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Google's entry into the drone business brings financial and lobbying heft that should help the fledging industry overcome technical and regulatory obstacles.

Entertainment Giants Target Comcast

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As the FCC reviews Comcast's proposed purchase of Time Warner Cable, the agency is encouraging media companies to offer feedback confidentially. One gripe: a practice that gives cable giants the same terms as competitors.

Novartis Says Heart Drug Beats Rival

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A heart drug developed by Novartis reduced cardiovascular deaths by 20% when compared with a rival treatment.

AIG's New Tack: Data Into Dollars

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Peter Hancock takes the helm at AIG on Monday, aiming to leverage the insurer's trove of data in a quest to boost profits.

Alibaba Plans IPO Launch Week

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Chinese e-commerce company Alibaba plans to launch its U.S. initial public offering, which could raise more than $20 billion, early in the week of Sept. 8.

Dreamliners Idle on Tarmac

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Company struggles to unload a batch of 787s built during the height of its problems with the plane's design and supply chain snafus.

Prices Threaten Europe Recovery

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Europe's struggle to prevent ultralow inflation from derailing an already fragile economic recovery grew even more challenging as consumer prices weakened to a five-year low in August.

Tesco Warns on Profit

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Tesco issued its third profit warning in as many years and said it would slash its interim dividend and reduce capital expenditure as the struggling grocery giant battles fierce competition.

Bad Loans Soar at China State Banks

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China's biggest state-owned banks reported a surge in soured and castoff loans in the first half of the year.

Fiat Chrysler Merger Moves Ahead

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Fiat said its reorganization to create Fiat Chrysler Automobiles is proceeding as enough shareholders opted to retain their holdings in what would become a company with a U.K. tax residency, Amsterdam headquarters and a primary stock market listing in New York.

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