US Business News

Telefónica Circles Mexican Rival

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Telefónica said it is in talks to buy a Mexican rival, reported to be Iusacell, in a deal that could be worth as much as $4 billion.

Alibaba Discusses Snapchat Stake

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Snapchat is in discussions to raise a new round of financing from Alibaba in a deal that could value the mobile-messaging app at about $10 billion.

Kering 1st-Half Profit Up 7% Despite Weakness at Gucci

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Kering SA said its first-half profit rose 7% on strong growth at some of its luxury brands, though a steep decline in sales at its flagship Gucci fashion house exposed how weakness in Asian markets continues to hit luxury firms.

Sprint Prepares for User Push

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Sprint reported another quarter of subscriber losses but said it hopes to return to growth by year's end, with the help of new pricing plans.

Boeing to Build New 787 Dreamliner in S. Carolina

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Boeing plans to build a new version of its flagship 787 Dreamliner jet exclusively at its nonunion factory in South Carolina.

In Video Age, Film Gets a Reprieve

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Faced with the possible extinction of the material that made Hollywood famous, a coalition of studios is close to a deal to keep Eastman Kodak in the business of producing movie film.

Nintendo's Difficulties Worsen

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Nintendo said its operating loss nearly doubled as the videogame maker faced sagging sales of its 3DS hand-held console.

Samsung's Mobile Chief Feels Pressure Over Sales

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The head of Samsung's mobile division, J.K. Shin, is facing pressure as weakening phone sales propel the company toward an expected third straight quarter of operating-profit declines when it reports results Thursday.

Benefit Costs Pare Humana's Profit

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Humana's second-quarter profit falls 18% as increased benefit costs help to offset a jump in revenue.

Mixed Fortunes for European Car Makers

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European car makers painted a murky portrait of the global auto industry as concerns about Russia and Latin America blunt the optimism fueled by a steady rebound in European auto demand.

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