Diageo Hurt by Weak Demand

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Diageo has turned in an 18% decline in first-half profit with a drop in revenue in North America weighing on the U.K. drinks group’s performance.

Raytheon Profit Rises 10%

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Raytheon reported a 10% rise in fourth-quarter profit that, like its 2015 guidance, fell short of investor expectations, even as the Pentagon’s third-largest supplier bolstered its backlog with more overseas orders.

China to Crack Down on Fake Goods Online

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China’s Ministry of Commerce said it would step up its efforts to prevent the sale of counterfeit goods online.

Shell to Cut Spending

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Royal Dutch Shell posted higher profit but said it would freeze dividend payments, curb its planned spending over the next three years by some $15 billion, and scale back its investments in shale resources world-wide as it struggles with weaker oil prices.

Samsung, Apple Battle for Top Spot

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The fortunes of the world’s two biggest smartphone makers crossed paths again, as contrasting earnings reports from Apple and Samsung Electronics put the two technology giants back in a dead heat for leadership of the global market.

Time Warner Results Miss

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Time Warner Cable reported an increase in subscribers as the pay-TV provider continued to await the completion of its acquisition by Comcast. The results came in below analysts’ expectations.

AstraZeneca to Harness Benefits of Genome-Editing Technology

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AstraZeneca has unveiled agreements that should enable the U.K. pharmaceutical company to tap into a promising, nascent gene technology aimed at making drugs more precise.

German Jobless Hits Lowest Rate Since 1990

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German unemployment fell to its lowest rate since reunification in 1990, suggesting Europe’s largest economy is well placed to benefit from lower oil prices and reduced interest rates.

Airline Booker Draws Complaints of Irregularities

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Spain’s EDreams Odigeo has grown to rival Expedia as a global leader in airline bookings, but it has also become a magnet for customer complaints about irregularities in booking practices, a Wall Street Journal review found.

Amazon Starts Email Service for Companies

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Amazon announced an email service called WorkMail that is aimed at grabbing a slice of the corporate-email market largely controlled by Microsoft, and to a lesser extent Google.

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