Firm Loses Right to Use Saab Name

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The Chinese-backed company trying to revive Saab cars lost the right to use the Swedish brand name amid efforts to recruit new investors and revive production of its cars.

Cocoa Rises to Near 3-Year High

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Cocoa prices were trading near a more-than-three-year high Friday as strong demand for chocolate continued to buoy the market, overshadowing an uptick in production.

Sprint to Sell Next Sony Xperia in U.S.

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Sprint will sell Sony's next Xperia handset in the U.S. as part of a strategy to broaden its lineup of smartphone offerings to limit customer flight, a person familiar with the matter said.

Iliad First Half Profit Falls Slightly

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France's Iliad SA, which is trying to buy U.S. operator T-Mobile, reported its first-half net profit dipped as strong revenue growth was weighed by a tax charge and the amortization of costs related to deploying a 4G network.

For Hollywood, Not All Box Office Dollars Are Equal

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As summer domestic box office sales fall 15%, movies like "Transformers" and "Spider-Man" can't make up the difference in China and other countries where studios earn much less from DVDs and TV rights.

Kraft Recalls Some American Singles Cheese

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Kraft Foods said it is voluntarily recalling 7,691 cases of certain varieties of its American Singles cheese product after a supplier failed to store an ingredient properly.

Abercrombie to Remove Logos From Most Clothing

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Abercrombie & Fitch will cease putting its logo on its clothing sold in North America by the spring of 2015, the teen retailer said, responding to customers who have been avoiding such identifiers.

Google Testing Delivery Drones

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Google's advanced-research lab said it is developing a system of drones to deliver goods. Rival Amazon.com is also testing delivery drones, and Domino's tested delivering pies via drone in 2013.

Tesla Adding Charging Stations in China

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Tesla Motors Inc. struck a deal to greatly expand its network of charging stations in China with China United Network Communications Corp., also known as China Unicom

Russia Shuts 12 McDonald's

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The number of McDonald's restaurants shut down by Russia's consumer regulator continues to rise as tensions between Moscow and the West grow.

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