Northrop, General Dynamics Beat Expectations

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Northrop Grumman and General Dynamics reported better-than-expected quarterly results and raised full-year guidance, driven by aerospace segments.

GSK Boosted by New Vaccines

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GlaxoSmithKline reported a 6% rise in second-quarter revenue and said it is on course for a return to earnings growth next year as it highlighted its midstage clinical pipeline.

U.S. Probes Former UBS Puerto Rico Adviser Over Loans for Debt Funds

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UBS has confirmed a Justice Department criminal probe of an unnamed former employee in Puerto Rico, and disclosed a pair of related investigations by other regulators, adding new twists to the Swiss bank’s legal drama in the commonwealth.

Total Shrugs Off Weaker Oil Prices

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French oil major Total said aggressive cost-cutting and an increase in oil output helped offset the fallout from the collapse in the price of oil on its bottom line.

U.S. Health-Spending Growth Jumped to 5.5% in 2014

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Growth in national health spending, which had dropped to historic lows in recent years, has snapped back and is set to continue at a faster pace over the next decade, federal actuaries said.

Apollo Global Reports Lower Earnings

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Apollo Global Management said Wednesday that its second-quarter earnings fell 21% on a sharp decline in deal profits.

Gilead: the Apple of the Biotech World

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Gilead faces short-term challenges as its hepatitis C franchise slows. But the stock is a rare example of biotech value.

Merchants File Challenge to $6 Billion Settlement with Visa, MasterCard

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Lawyers representing roughly 100 merchants late Tuesday night formally notified MasterCard Inc. and Visa Inc. that they believe a $6 billion class-action antitrust settlement should be thrown out due to the discovery that opposing lawyers in the case exchanged confidential information, according to people familiar with the matter.

Ukraine Debt Seen as a Good Bet

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Even as Ukraine remains mired in negotiations with creditors over a potential restructuring of its debt, a few hardy investors have recently bet on the conflict-torn country’s bonds.

Shares of Japan Parts Makers Slip in Smartphone Slowdown

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Share prices of Japanese electronics-parts and machinery suppliers plunged on concerns over a slump in demand from mobile-phone makers and China’s economic slowdown.

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