VW Profit Falls on China Weakness

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Volkswagen, the world’s largest car maker by sales, said net profit fell 16% in the second quarter because of weakness in China and restructuring charges in its trucks business.

Total Shrugs Off Weaker Oil Prices

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French oil major Total said aggressive cost-cutting and an increase in oil output helped offset the fallout from the collapse in the price of oil on its bottom line.

U.S. Health-Spending Growth Jumped to 5.5% in 2014

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Growth in national health spending, which had dropped to historic lows in recent years, has snapped back and is set to continue at a faster pace over the next decade, federal actuaries said.

Apollo Global Reports Lower Earnings

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Apollo Global Management said Wednesday that its second-quarter earnings fell 21% on a sharp decline in deal profits.

Gilead: the Apple of the Biotech World

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Gilead faces short-term challenges as its hepatitis C franchise slows. But the stock is a rare example of biotech value.

Merchants File Challenge to $6 Billion Settlement with Visa, MasterCard

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Lawyers representing roughly 100 merchants late Tuesday night formally notified MasterCard Inc. and Visa Inc. that they believe a $6 billion class-action antitrust settlement should be thrown out due to the discovery that opposing lawyers in the case exchanged confidential information, according to people familiar with the matter.

Ukraine Debt Seen as a Good Bet

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Even as Ukraine remains mired in negotiations with creditors over a potential restructuring of its debt, a few hardy investors have recently bet on the conflict-torn country’s bonds.

U.S. Pending Home Sales Slip in June

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A forward-looking indicator of home sales slipped in June, but remained well above year-ago levels, a sign the housing market is stabilizing.

Shares of Japan Parts Makers Slip in Smartphone Slowdown

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Share prices of Japanese electronics-parts and machinery suppliers plunged on concerns over a slump in demand from mobile-phone makers and China’s economic slowdown.

Nintendo Scores Profit; No Word on Successor to Iwata

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Nintendo swung to a first-quarter profit but didn’t provide an update on who will succeed Satoru Iwata, who died of cancer earlier this month, as president.

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