US Business News

Will FedEx Deliver on Its Target?

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FedEx's earnings report on Wednesday will provide a first glimpse into whether the company will be able to meet its ambitious annual profit target. Wall Street is hoping this will be the company's turnaround year.

Proceedings: Highlights From the Law Blog

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California enacts a law to protect Yelp reviewers. Also, hints on the Apple Watch name and Justice Sotomayor warns about drones.

Hermès Plans Expansion in China

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Hermès is set to formally open a lavish four-story outlet in Shanghai despite a clampdown on official gift-giving in China. The French luxury goods company plans more stores in Beijing and the city of Chengdu.

Air France to Cancel More Flights

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Air France-KLM said the airline would only operate four out of 10 scheduled flights on Monday because of a strike by pilots.

Home Depot Upped Defense, but Hacker Moved Faster

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Retailer Home Depot immediately launched a review of its computer defenses after news reports of Target's data breach, but the months of reviews and testing left time for a hacker to penetrate its systems.

Tampered Roche Vials Surface in Germany

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Tampered-with vials of the cancer and rheumatoid-arthritis drug MabThera have been found in Germany, five months after falsified vials of the breast-cancer drug Herceptin were found in three European countries.

Card Issuers Look to Apple Pay

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Apple's latest product launches are fueling hopes in the credit-card industry that consumers will move further away from cash as they embrace technology that lets them pay for purchases with electronic gadgets.

Rosneft, Novatek 'Could Get State Aid'

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Russian commodity giants Rosneft and Novatek could receive financial aid from state funds meant for infrastructure investments, Finance Minister Anton Siluanov said.

Investors Pressure Adidas CEO

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Adidas investors frustrated with the sporting-goods maker's slow turnaround have questioned the performance of CEO Herbert Hainer.

Darden Defends Progress, Posts Loss

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Darden Restaurants defended its efforts to turn around its struggling Olive Garden chain and said it is already implementing many of the cost-cutting initiatives that activist shareholder Starboard proposed Thursday night.

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