Boston Scientific Profit Slips

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Boston Scientific Corp. said second-quarter earnings fell as higher costs, including a $267 million litigation-related expense, masked an increase in revenue.

GM's Profit, Hit by Recalls, Tumbles 80%

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GM reported an 80% drop its second-quarter net profit, with earnings hit by $1.5 billion in charges related to vehicle recalls and money set aside to fund a compensation plan for victims of accidents linked to defective ignition-switches.

Supervalu Profit Falls 49%

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Supervalu said its fiscal first-quarter earnings fell 49% as the supermarket operator was hit by weaker margins and a modest sales decline, while the year-earlier period included a tax benefit.

United Continental Profit Rises 68%

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United Continental Holdings said its second-quarter profit surged 68% as passenger revenue climbed.

D.R. Horton Profit Falls Amid Weak Chicago Housing Market

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D.R. Horton Inc. said its fiscal third-quarter profit fell despite strong home-building revenue and an increase in new sales orders, as the home builder recorded impairment charges tied to assets in the Chicago area.

Boeing Agrees to Sell Parts to Iran

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Boeing has agreed to the conditions by which it could sell aircraft spare parts to state-owned Iran Air, a move that could lead to the first sale of products by a U.S. aerospace company to the Islamic republic since 1979.

Hermès Names Women's-Fashion Designer

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French luxury-goods house Hermès International named Nadège Vanhee-Cybulski as its new women's fashion designer, betting on an unknown name who will be dedicated to the house full-time.

Ford Profit Rises 6%

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Ford Motor Co. said second-quarter net income rose 6% to $1.3 billion driven by a record quarter in North America, strong results in Asia and the first quarterly profit in Europe in three years.

Vivendi's SFR Unit Hit By Network Outage

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SFR was hit by a countrywide network outage as users complained about their phones being unable to receive or make calls.

Hershey Posts Profit Increase

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Hershey said its second-quarter profit rose 5.4% as revenue increased largely on higher volume while costs also rose.

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