Molson Coors Chief Executive Swinburn to Retire

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Molson Coors Brewing Co. Chief Executive Peter S. Swinburn will retire at the end of the year, and the chief of the company's European operations will take over.

BSkyB to Buy German, Italian Sister Firms

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British Sky Broadcasting Group said it agreed to buy all of Sky Italia and most of Sky Deutschland from Rupert Murdoch's 21st Century Fox, for more than $9 billion.

Danone Expects Second-Half Improvement

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Slower sales of baby food in China and dairy products in Europe saw Danone posting a drop in profit and sales for the first half of the year, but management is confident that better times are coming.

Anglo American Triples Profit

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Anglo American more than tripled net profit in the first half of the year after slashing costs but suffered setbacks at its iron-ore and platinum divisions.

Humira Sales Lift AbbVie Profit

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AbbVie Inc. said its second-quarter earnings rose as strong global sales of the drug maker's rheumatoid-arthritis drug Humira continued to boost results.

Tencent Private Bank Plan Gets Approval

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China's banking regulator approved the establishment of three private banks, with one green light going to Chinese Internet company Tencent Holdings.

Statoil Took US Write-down, Says CEO

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Statoil's Chief Executive said the company had taken a write down on its U.S. onshore oil and gas operations as a lack of pipeline capacity is hindering it from selling its output to regions where it can fetch a higher price.

Rosneft Working on Sanctions Strategy

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As the U.S. has imposed sanctions blocking credit to Rosneft, the Russian state-owned oil giant is looking at ways to minimize their effects.

LyondellBasell Profit Surges

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LyondellBasell Industries said its second-quarter earnings surged to a record level as revenue jumped.

American Electric Posts Higher Profit

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American Electric Power said its second-quarter profit rose 15% as revenue increased on rate base growth and rising sales in its transmission business.

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