Rewards, Risks for BP in Russia

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BP reported a rise in second-quarter profit, boosted by its investment in Russian energy group Rosneft, but warned that further economic sanctions on Russia could adversely impact its business.

Honda Profit Up 20%, Lifts Outlook

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Honda said its earnings rose 20% in the latest quarter, benefiting from growth sales gain, and the Japanese auto maker raised its profit outlook for the full year.

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.

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.

India Telecom Bharti's Profit Rises

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Revenue and profit climb for Bharti Airtel, India's biggest telecommunications company by number of users.

Ally Financial Swings to Profit

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Ally Financial Inc., the lender partially owned by the U.S. government, swung to a profit in the second quarter as the firm bounced back from a year-ago quarter weighed down by a massive charge, while its core auto-lending business logged strong originations.

Canadian Solar, Trina Solar Voice Displeasure at U.S. Move on Imports

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Canadian Solar Inc. and Trina Solar Ltd. on Tuesday became the latest foreign solar companies to voice displeasure over potentially hefty antidumping tariffs on certain photovoltaic cells imported by the U.S.

Raw-Sugar Falls to 3-Month Low

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Raw-sugar prices fell to a three-month low Tuesday as top producer Brazil's harvest added to a global glut of the sweetener.

U.S. to Push Some Iran Shipments

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In recent weeks, U.S. officials have been reaching out to a handful of European companies and asking them to expedite the sale of medical goods to Iran, a market they were struggling to gain access to months ago.

China Probes Microsoft Over Antimonopoly Issues

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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.

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