Telefónica May Sweeten Bid for GVT

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The board of Spain's Telefónica is scheduled to meet to consider sweetening its $8.82 billion bid for Vivendi's Brazilian operator, GVT, amid worry Telecom Italia may make a rival bid.

Brown-Forman's Profit Rises 5% on Jack Daniel's Brand

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Brown-Forman said its first-quarter profit rose 5%, driven by strong sales growth of its Jack Daniel's brand and higher sales in emerging markets.

China Volkswagen Probe Not Tied to Antitrust Investigation

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A Chinese government probe into current and former executives at a Volkswagen AG joint venture isn't tied to an antitrust investigation into foreign auto makers, according to the auto maker and its local partner.

Germany's Gamble on Renewable Energy

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Many companies worry the cost of Germany's mammoth, trillion-euro plan to wean the country off nuclear and fossil fuels by midcentury will undermine the country's competitiveness.

Tiffany Profit Rises on Strong Sales

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Tiffany said its fiscal second-quarter profit jumped 16% as the Americas and Asia-Pacific regions drove sales higher.

Repsol, Talisman Talks Over Possible Deal Stalled

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Spanish energy giant Repsol SA's talks to buy oil and natural gas assets from Canada's Talisman Energy Inc. have stalled, according to several people familiar with the matter, a setback for both companies.

Chinese Conglomerate Plans E-Commerce Venture

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China's Dalian Wanda Group plans to launch an $814 million e-commerce joint venture with Internet giants Baidu and Tencent.

Bristol-Myers Hepatitis C Drug Approved in Europe

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European regulators have approved a Bristol-Myers Squibb Inc. drug for use in hepatitis C combination treatments, the company said.

Big Tobacco's E-Cigarette Push Gets Reality Check

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Big Tobacco is finally making its big push into electronic cigarettes. But e-cigarette sales are now falling in convenience stores, reversing three years of rapid-fire growth.

The New Cost of Weekend Grilling

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Rising food bills challenge consumers' internal price barriers and lead to trade-offs.

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