Sainsbury and Tesco: Same Problem, Different Answers

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In yet another move away from its struggling core grocery business, Britain’s second-largest supermarket chain has announced a return to the mortgage market.

New Blow Looms for Li Ka-shing as EU Set to Reject O2 Deal

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With the EU set to block Hutchison’s roughly $14 billion bid for the U.K.’s second-largest cellphone operator, Li Ka-shing faces a setback in his efforts to pivot his business empire toward Europe.

Oil-Price Upheaval Hits Largest U.S. Refiners

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Big refiners, the last holdouts of the energy bust, finally saw their roll come to a halt in the first quarter as the six largest reported first-quarter earnings that were down by roughly half compared with a year earlier.

U.S. Service Economy Saw Stronger Growth in April

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The U.S. service sector saw stronger growth in April, a sign that the broader economy may be picking up steam after a slow start to 2016.

Breeders Stew Over How to Slow Pace of Chicken Growth

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The U.S. chicken industry has spent decades in figuring out how to grow its birds fast. Now, many of its customers are looking for producers willing to slow the pace of weight gain.

Aéropostale Files for Bankruptcy Protection

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Troubled teen retailer Aéropostale filed for chapter 11 bankruptcy protection, with plans to trim its chain, rework contracts and emerge in streamlined form.

ADP Shows Private-Sector Hiring Cooled to 156,000 in April

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Hiring by the private sector cooled in April, a sign that concerns over the global economy may be starting to impact payroll growth at many American businesses.

AB InBev Profit Dips on Weak Brazil Sales

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Belgian brewer Anheuser-Busch InBev said unfavorable currency effects, one-off financing costs and weak business in Brazil damaged earnings in the first quarter.

Siemens Posts Solid Profit Growth

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German engineering giant Siemens recorded a strong rise in second-quarter profit, in a sign that Chief Executive Joe Kaeser’s revamp of the company is starting to yield results.

Shell Profit Plunges 83%

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Royal Dutch Shell said it would bring the hammer down harder on spending as it contends with a nearly two-year slump in oil prices that dragged the company’s first-quarter earnings down 83%.

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