US Business News

Airbus Cancels Superjumbo Order

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Airbus has canceled a $1.7 billion order for six A380 superjumbo jets from Japanese budget carrier Skymark Airlines, as it continues to struggle to sell the world's biggest passenger plane.

Eaton Profit Hurt by Litigation Costs

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Eaton Corp. PLC said second-quarter earnings fell as the diversified manufacturer's results were weighed down by litigation charges, offsetting gains from divestitures in the company's aerospace group.

Aetna Beats Street, Raises Outlook

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Aetna said its second-quarter profit rose as the insurer posted record medical membership and revenue, boosted by its acquisition of Coventry Health Care.

Can Rice Sorters and Car-Assembly Lines Aid Miners?

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Car-production lines and machinery that sorts rice could help companies such as Rio Tinto and BHP Billiton wring greater profits from mining.

Electric Utilities Get No Jolt

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Electricity sales look anemic for the seventh year in a row, despite Americans' growing use of gadgets and an improving unemployment rate.

Foxconn Confirms Death in China

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Contract manufacturer Foxconn said an employee died in Shenzhen, China, reigniting concerns about the Apple Inc. supplier's labor practices.

China Probes Former Chairman of Weetabix Owner

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Chinese officials have launched an investigation into a former chairman of the Chinese owner of Weetabix breakfast cereal amid an anticorruption campaign that is spreading across business sectors in the country.

Battle for Poor Shoppers Fuels Dollar-Store Deal

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The battle for America's poorest consumers intensified Monday with Dollar Tree's agreement to buy rival Family Dollar Stores for about $8.5 billion.

China Puts Microsoft Under Microscope

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Chinese officials said they are investigating whether Microsoft violated Chinese antimonopoly laws, citing compatibility issues with the tech firm's Windows and Office software.

French Mall Owner to Buy Dutch Rival

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French real-estate company Klepierre, which owns shopping malls across Europe, is to buy Dutch rival Corio for $9.68 billion in a deal that will create an industry leader.

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