Irish Firm Paddy Power Discloses Hacking

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Irish betting company Paddy Power PLC said it had been hacked four years ago and personal information of nearly 650,000 customers had been stolen, including email addresses, dates of birth and answers to security questions.

Sony Cuts Phone-Sale Forecast

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Sony reported a surprise first-quarter profit but sharply cut its forecast for smartphone sales, dealing a blow to the Japanese electronics maker's recovery.

Avon Sees Signs of Sales Turnaround

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Avon reported another quarter of lackluster sales and lower profits, but executives pointed to signs of a sales turnaround in a key market as evidence it can pull out of a yearslong slump.

Pilgrim's Pride Still Seeking Acquisition Opportunities

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Poultry producer Pilgrim's Pride, fresh from losing a bruising battle to buy Hillshire Brands, said it remains on the lookout for acquisitions and is expanding abroad.

Discovery Communications Profit Rises

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Discovery Communications boosted net income 26% in the second quarter, buoyed by its expanding international presence, though it lowered its earnings guidance slightly due partly to a slowing U.S. advertising market.

Lotus Looks for Edge in F1 Data Rush

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Lotus says it can get more out of its Formula One race cars from the new ways that it collects data on their performance.

Target Picks Pepsi Veteran as CEO

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Target is bringing in PepsiCo executive Brian Cornell as its new CEO, turning to an outsider for the first time in its history to repair a battered corporate culture and navigate a sea change in shopping habits.

China, Luxury Brands Drive Volkswagen Profit

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The biggest part of Volkswagen's business, the iconic VW brand, is, however, faced with high costs, troubled markets and falling profitability.

Diageo Hit by China Slowdown

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Diageo said weakness across emerging markets led to a fall in full-year profit as the U.K. liquor maker suffered from a huge drop in demand in China, the world's biggest liquor market.

Iliad Makes Offer for T-Mobile US

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French upstart telecommunications company Iliad SA has made an offer for T-Mobile US Inc., in a bold bid to counter an offer for the country's fourth-largest wireless carrier by Sprint Corp.

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