AstraZeneca in Respiratory Drugs Deal

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AstraZeneca has agreed to buy the rights to Almirall's respiratory drugs in a deal worth more than $2 billion.

Nintendo Swings to Net Loss

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Nintendo said that it swung to a net loss in its fiscal first quarter, blaming a dearth of hit games and weak demand for its flagship Wii U console.

Rio Tinto Offloads Mozambique Coal Assets

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Rio Tinto is selling its Mozambique coal assets to India's International Coal Ventures for $50 million, marking the end of one of the mining giant's costliest deals during the commodities boom.

Peugeot Car Unit Returns to Profit

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Stiff cost cuts helped French car maker Peugeot Citroën's automobile unit to nose back into the black in the first half for the first time in three years, paring the overall company's losses amid rising sales in Europe and China.

Amazon to Invest $2 Billion in India

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Amazon.com said that it will invest $2 billion to expand in India as competition for customers heats up in the fast-growing, South Asian e-commerce market.

Ireland's AIB Posts Landmark Profit

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One of Ireland's dominant lenders Allied Irish Banks, which avoided collapse during the country's banking debt crisis, posted its first profit since 2008.

Schneider Electric Profit Hit by Euro Strength

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French electrical equipment maker Schneider Electric's net profit in the first half of the year was again hit by currency swings which more than offset the profit it added from recently acquired Invensys.

Eni Faces Pressure to Diversify

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Eni's new chief executive, Claudio Descalzi, is facing pressure to diversify away from the African continent, which is beset increasingly by geopolitical turmoil—and the operational disruptions that go with that.

KPN Net Profit More Than Doubles

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Royal KPN said net profit for the second quarter more than doubled, boosted by a €451 million release of a provision related to the pension plan agreement in the Netherlands.

Lynas Faces Fight Over Refinancing

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Australian rare-earths miner Lynas Corp. is involved in a dispute over a debt-refinancing plan with bondholder Mount Kellett Capital Management, a U.S.-based hedge fund.

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