U.S. Corporate Profits Climb as GDP Ticks Down

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A key measure of corporate profits rose this spring for a second straight quarter alongside modest growth in the overall economy, though U.S. businesses remain under pressure from global weakness and other forces.

Exxon Mobil Backs Out of Proposed Alaska LNG Project

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The company has decided not to invest in the next stage of a planned facility to export liquefied natural gas to Asia.

Possible Accord Reached in Sumner Redstone Trust Battle

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A peace treaty appears likely in the feud between Shari Redstone and her niece Keryn Redstone over changes made to Sumner Redstone’s trust.

HP, HP Enterprise Accused of Age Discrimination in Suit

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Four former employees of Hewlett-Packard Co. have filed a lawsuit alleging they were victims of age discrimination as the technology giant pared its workforce in recent years.

Volkswagen Dealerships Upbeat Over Payout from Emissions Scandal

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Volkswagen dealers nationwide are largely striking a hopeful tone on news of the auto maker’s deal with some 650 Volkswagen franchise dealerships in the U.S. over its emissions scandal.

Yellen Cries Wolf

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The Fed chairwoman tries to convince the market that a rate rise is coming, but investors aren’t listening.

Burden of Health-Care Costs Moves to the Middle Class

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Rising out-of-pocket health care costs, combined with slow economic growth and years of tepid wage growth, pose risks for an economy in which consumer spending accounts for more than two-thirds of overall output.

Why Rackspace Is Taking Its Cloud Act Offstage

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The $32-a-share price Rackspace has scored in a go-private deal with Apollo might look like a letdown, but moving out of the spotlight has its advantages.

What to Watch For at the Kansas City Fed's Jackson Hole Conference

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Central bankers are gathering in Jackson Hole, Wyo., for an annual economic symposium, this year titled “Designing Resilient Monetary Policy Frameworks for the Future.” Here are several things to watch.

U.S. Consumer Sentiment Eases Slightly in August

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A gauge of consumer sentiment edged lower in August, a potentially worrying sign for an economy heavily reliant on personal spending for growth.

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