U.K. Brings Criminal Charges Against Alstom Unit

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The U.K.'s Serious Fraud Office brought criminal charges against a U.K. subsidiary of French power and transportation company Alstom over allegations of corruption.

EU Officials Mull Broader Russia Sanctions

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European Union ambassadors are meeting Thursday to consider a list of options for broader sanctions against Russia, including a ban on investments in all Russian financial instruments, an EU official said.

Starwood Hotels Lifts Guidance as Profit Rises

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Starwood Hotels Resorts Worldwide Inc. said its second-quarter earnings rose 12% on growth in its fees business, while the company raised its outlook for the year.

Iberia to Cut 1,427 Staff

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International Consolidated Airlines Group said its Iberia division has reached an agreement with trade unions for collective redundancies for pilots and ground staff, which will result in the loss of 1,427 jobs.

Canon Reports Solid Profit Jump

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Canon said its net profit jumped 22% in the April to June period thanks to surging sales of multifunction office devices and industrial equipment.

EasyJet Profit Forecast Disappoints

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EasyJet said it expects pretax profit to rise as much as 19% this year despite the impact on travel from turmoil in Israel, Egypt and Moscow, but the airline's shares dropped as the forecast fell short of analysts' hopes.

Qualcomm Profit Rises; Company Notes 'Challenges' in China

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Qualcomm's third-quarter profit rose 42% and the San Diego-based company on Wednesday also increased its full-year earnings outlook.

Kingfisher Shares Fall on Weak Trading in France, Poland

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Shares in Kingfisher dropped more than 7% after the European home improvement retailer said trading had been slower than anticipated, particularly in France and Poland

Newcrest Warns on Write-Downs

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Newcrest Mining's new chief executive warned of another possible multibillion-dollar write-down of assets, testing the patience of investors already unnerved by weakening metal prices and a recent penalty for disclosure breaches.

Nokia Swings to Profit

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Finland's mobile-network maker Nokia said its expectations for 2014 have improved, as its financial performance in the latest quarter was helped by the sale of its handset business to Microsoft.

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