U.S. Consumer Sentiment Fell in July

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A gauge of U.S. consumer sentiment dropped in July—as the University of Michigan survey fell to 90.0 from June’s 93.5—in a sign that global economic uncertainty could ripple through domestic spending.

Bidders Circle Formula One

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The long-awaited sale of the Formula One may finally be nearing the finish line as a number of bidders including British broadcaster Sky PLC are circling the racing series.

Viacom Board Suit Against Redstone Holding Company to Proceed

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A Delaware judge will hear arguments on whether 93-year-old Sumner Redstone had the competency to decide to replace five board members at Viacom.

UPS Profits Rise on E-Commerce

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United Parcel Service reported a 3.2% increase in profit fueled in part by e-commerce growth, but the delivery giant cautioned that a weaker industrial environment will continue to be a drag.

Merck Revenue Rises on Cancer, Hepatitis Treatments

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Merck posted an unexpected increase in second-quarter revenue thanks to new cancer and hepatitis treatments, and an increased profit versus a year-earlier period that was weighed down by foreign-exchange losses.

ArcelorMittal Earnings Beat Expectations

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ArcelorMittal reported its best quarter in five years as steel markets in the U.S. and Europe improved thanks to new protective import tariffs, stronger demand and shrinking inventories.

Facebook May Owe Billions More in Taxes

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Facebook said it could be on the hook for $3 billion to $5 billion in additional taxes as a result of an IRS investigation into how the social network transferred assets overseas.

Just What Banks Didn't Need, An Equities Slump

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Capital-constrained banks have moved away from debt trading, now stock market activity is drying up

Little Sign of Post-Brexit Recovery at IAG

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U.K. flag carrier British Airways is probably a less useful bellwether for recovery than budget airlines Ryanair and easyJet.

Cities Struggle to Add Upscale Housing While Maintaining Diversity

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From Seattle to Chicago to New York, cities are struggling to crack the ultimate urban code: How to squeeze in ever more well-off people without driving out the less affluent?

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