Perry Ellis to Exit Low-Growth Brands

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Perry Ellis International said Thursday it will continue its strategic review of the company's portfolio of brands and plans to exit noncore, low-growth brands and businesses.

FDA Approves Changes to Production of Recalled Covidien Devices

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Covidien said the FDA has approved changes to the manufacturing process for two medical devices the company recalled in April.

Luxottica to Discuss CEO Exit With Board

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The world's largest eye wear maker Luxottica said it would discuss the possible departure of Chief Executive Andrea Guerra at its next board meeting, as the likelihood of the executive leaving his post grows.

Lilly Psoriasis Treatment Meets Objectives

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Eli Lilly said its psoriasis treatment ixekizumab showed positive results in phase 3 studies, preparing the way for its submission to regulatory authorities.

Thai Tycoon Seeks Construction Firm Stakes

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Thai billionaire Charoen Sirivadhanabhakdi is in early talks with Oversea-Chinese Banking Corp. and its insurance arm to buy their stakes in a Singapore-listed property and construction company.

Brazilian Court Gives Go-Ahead to 4G Auction

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A Brazilian court lifted a suspension of a public auction of 4G wireless airwaves, providing oxygen for the government in its effort to meet its fiscal targets this year.

Sears Plans More Cost Cuts

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Sears, the struggling store operator that was once a prominent fixture of the U.S. retail landscape, posted a $573 million quarterly loss and indicated that more cost cuts and changes are on the way.

Yoga Poseurs: Athletic Gear Soars, Outpacing Sport Itself

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The rate of growth in the U.S. retail athletic apparel market is surging, even as Americans' rate of participating in most sports is in decline. For instance, the demand for yoga gear is outpacing growth of the sport itself.

Hormel Earnings Top Expectations

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Hormel Foods said its fiscal third-quarter earnings jumped 21%, as the packaged-foods maker reported strong profit gains and higher sales in its refrigerated-foods and Jennie-O Turkey Store segments.

Canadian Rail Accidents Involving Dangerous Goods Rise

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Canadian rail accidents involving dangerous goods rose 21% last year from 2012, reflecting a rapid rise in the movement of crude oil by rail.

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