Hospira Joins Bidding For Danone Unit

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Hospira has emerged as a bidder for Danone's medical-nutrition unit in a deal that could be worth about $5 billion and mark the latest in a flurry of so-called inversion deals.

Oil's New Frontier: Wealthy Nations

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After decades focusing on less-developed nations, big oil companies are piling back into wealthy countries with political stability that provides more-predictable cash flow.

U.K. Launches Onshore Oil and Gas Licensing Round

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The U.K. government is launching its first onshore oil and gas licensing round in six years—the latest step in efforts to unlock shale gas reserves amid worries over increasing dependence on energy imports.

Ryanair Quarterly Profit Soars

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Ryanair, Europe's largest discount airline, raised its full-year earnings forecast and said it would pay a special divided after first-quarter profit more than doubled.

Audi Cuts Prices of Parts in China

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Audi on Saturday announced price cuts for spare parts of up to 38% in China, the company's largest market, as the Chinese government steps up its scrutiny of foreign luxury-car makers.

Samsung Postpones Launch of Tizen Smartphone

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Samsung Electronics said it would postpone sales in Russia of a smartphone running a homegrown operating system called Tizen, dealing a fresh setback to its efforts to carve out a niche in mobile software and services.

Reckitt Benckiser to Spin Off Pharmaceuticals Unit

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Reckitt Benckiser said it would pursue a demerger of its pharmaceutical division, as the consumer-products maker reported a fall in second-quarter revenue.

China McDonald's Low on Beef, Chicken

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McDonald's is facing a shortage of products at some of its stores in China following problems with an embattled Shanghai meat supplier that allegedly sold expired meat to fast-food chains across the country.

High Hopes Ride on IPO in Wake of Smithfield Deal

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If the initial public offering of Chinese pork producer WH Group goes through as expected Tuesday, it will be one of the first things to go right for the company since its purchase of Smithfield Foods last year.

China Meat Supplier Pulls Products

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Meat supplier OSI Group Inc. said it would withdraw all products manufactured by its embattled Shanghai unit from the marketplace.

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