Forrest Mars Jr., Former Co-President of Food Giant, Dies at 84

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Forrest E. Mars Jr., a grandson of the founder of Mars Inc. who pushed to make M&M’s and other treats into global snacks, has died at age 84.

GlaxoSmithKline Helped and Hurt by Sterling's Post-Brexit Fall

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While Brexit provided an expected boost to core earnings for GlaxoSmithKline, it also led to a big write-down—the latest in a series of surprises stemming from Britain’s vote to leave the EU.

Trump Calls for $10 Hourly Minimum Wage

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Donald Trump called for a federal minimum wage of $10 an hour, departing from his past positions and his own party and moving more in line with Democrats.

Coke's Revenue Slides, as Soda Volume Declines

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Coca-Cola Co. lowered its 2016 revenue outlook after second-quarter volumes stalled for the first time in more than a decade, hurt by falling sales in China and other developing markets.

Facebook's Huge Crowd Pleaser

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The social-networking giant defies law of large numbers, showing benefits of scale.

Amgen Profit Rises 13%, 2016 Outlook Raised

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Amgen Inc. said its second-quarter earnings rose 13% on better-than-expected revenue growth, which was again driven by sales of key drugs such as Enbrel.

Teva, Allergan Get FTC Approval for Generics Purchase

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Teva Pharmaceutical Industries Ltd. on Wednesday won regulatory approval from the Federal Trade Commission for its acquisition of Allergan PLC’s generics business, conditioned upon Teva’s divestiture of 75 drugs to rivals.

Gawker Founder Wins Temporary Reprieve From Judgment

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A Florida appeals court temporarily lifted the threat of personal bankruptcy hanging over Gawker Media founder Nick Denton as a result of a heated legal battle with former wrestler Hulk Hogan.

U.S. Durable Goods Orders Tumble 4.0% on Overseas Turmoil

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Demand for long-lasting factory goods fell sharply in June, a sign overseas turmoil is weighing on U.S. manufacturers.

Alere Faces Criminal Probe Over Medicare, Medicaid Billing

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Federal investigators are seeking information about government-billing practices at Alere, adding to a litany of woes at the diagnostic-testing company, as it seeks to complete a deal to sell itself.

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