China Detains 5 in Food Violations Probe

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Chinese police have detained five people as they investigate a U.S.-owned Chinese meat supplier alleged by Chinese authorities to have signed off on sales of expired meat to fast food chains.

For Apple, iPhone Roars and iPad Whimpers

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Apple reported a 13% jump in iPhone sales as it heads into a major refresh of the company's flagship product, but iPad sales slid for the second consecutive quarter.

Fox Mindful of Debt as It Eyes Time Warner

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Ever since his News Corp survived a bruising liquidity crisis in the early 1990s, Rupert Murdoch has been careful to avoid getting overextended financially. But his pursuit of Time Warner could test that philosophy.

Regulators Find Litany of Problems at Deutsche Bank in U.S.

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An examination by the Federal Reserve Bank of New York found that Deutsche Bank AG's giant U.S. operations suffer from a litany of serious financial-reporting problems that the lender has known about for years but not fixed, according to documents reviewed by The Wall Street Journal.

Airbus Submits Danish Fighter Bid

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Airbus has submitted a bid to the Danish government for its Eurofighter Typhoon combat jet as the country seeks to replace its fleet of aging Lockheed Martin F-16 jets.

Herbalife Rallies in Face of New Attack by Ackman

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William Ackman had promised a "death blow" against Herbalife. Wall Street instead gave new life to the nutritional-supplement company's stock.

STMicro In Profit After Strategy Shift

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STMicroelectronics swung to its first quarterly profit in more than two years as Europe's largest semiconductor maker continues to wind down its communication chip business to focus on making chips for cars and other applications.

Alstom Orders Soar but Sales Fall

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Alstom said orders doubled in the first quarter, boosted by its largest-ever train contract in South Africa, though orders for power equipment fell during the period.

Danone Weighs Expansion Opportunities

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Danone has launched a strategic review to ensure its long-term growth, amid renewed speculation over whether the French dairy group can survive as a stand-alone company.

Daimler Second-Quarter Profit Rises

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Daimler reported a sharp rise in second-quarter operating earnings on record sales in its Mercedes-Benz luxury car division. The German automotive group also confirmed its upbeat outlook of significant growth in the full year.

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