Axel Springer Posts Drop in Second-Quarter Earnings

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Axel Springer said second-quarter earnings declined slightly, but revenue rose as the German publisher continues to pursue its digital expansion, two weeks after it lost out on buying the Financial Times.

Ctrip and Tencent Take an eLong Journey

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Tencent’s bid for a piece of eLong shakes up Ctrip’s plans to consolidate China’s burgeoning online travel market.

U.K. Sells 5.4% Stake in RBS

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The U.K. government said it had sold a 5.4% stake in Royal Bank of Scotland, raising $3.24 billion and kicking off a long-awaited privatization of the lender.

China's Response to Stock Rout Exposes Disarray

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Conflicting moves and a lack of coordination hampered Beijing’s initial response to its stock-market rout, raising questions about whether Chinese authorities will be up to the challenge of implementing market changes.

BMW Profit Falls Amid Fierce Competition

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German premium car maker BMW has reported a decline in second-quarter profit on rising costs and tougher competition in China despite a rise in overall revenue and car sales.

Toyota Posts Record Profit

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Toyota Motor posted a record quarterly net profit on Tuesday, as Japan’s biggest auto maker continued to bank on a weaker yen.

Auto Makers Post Strong U.S. Sales

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Car makers are facing a conundrum, as buyers are rushing to buy bigger vehicles even as car companies face steeper U.S. requirements for increasing fuel economy.

Sprint Needs to Speed Up to Outrun T-Mobile

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Ahead of the Tape: Sprint may have good news and bad news Tuesday: Subscriber numbers should stabilize, but it still is in danger of losing its No. 3 market-share spot.

Citadel's Ken Griffin Leaves 2008 Tumble Far Behind

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Hedge-fund firm that nearly collapsed during the financial crisis is thriving again and expanding as aggressively as ever, unlike some competitors that turned cautious.

AT&T to Offer TV and Wireless Bundle

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AT&T plans to offer bundled TV and wireless phone services, about a month after the company closed its acquisition of DirecTV.

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