Lee Scott to Retire from Wal-Mart Board

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Wal-Mart Stores said two board members, former Chief Executive Lee Scott and 10-year board member Chris Williams, won't stand for re-election.

Primark to Expand in U.S.

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Primark, a clothing chain whose formula of fashionable looks at rock-bottom prices has proved a hit with U.K. shoppers, plans to open its first U.S. store in the former Boston home of the original Filene's Department Store.

P&G Profit Edges Up as Costs Fall

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Procter & Gamble's profit grew just slightly in the first three months of the year, as it struggled to expand in slow-growing markets where shoppers have cut back their spending on many everyday items.

SL Green Realty 1st-Quarter Net Soars on Asset Sale

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SL Green Realty Corp.'s first-quarter profit soared, mostly driven by the company's sale of its interest in two properties.

Chobani Reaches TPG Investment Deal

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Greek yogurt maker will receive a $750 million investment from private-equity firm TPG, as the company prepares for an IPO and expands into cooking ingredients and desserts.

Stryker Profit Slumps on One-Time Items

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Stryker Corp. said first-quarter earnings fell 77% as the medical device maker posted a big recall-related charge and other one-time items that masked increased sales of its knee and hip joint products.

Amedisys to Pay $150 Million to Federal Government

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The home-health provider agreed to settle claims it submitted false billings to Medicare and had "improper financial relationships" with doctors.

América Móvil to Make Bid for Telekom Austria

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Mexican telecommunications heavyweight América Móvil said Wednesday it will make a bid to acquire outstanding shares in Telekom Austria after reaching a shareholder pact with the Austrian carrier's largest shareholder, Österreichische Industrieholding.

Light Goes Out on U.K. Coal Industry

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The British coal industry is on the point of fizzling out, following the planned closure of two of its three remaining deep mines in northern England. Among the beneficiaries: Russian exporters of the commodity.

Texas Instruments' Profit Jumps 35%

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Texas Instruments Inc.'s first-quarter profit rose 35% as the chip maker's revenue and margins improved.

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