McDonald's Profit Falls 30%

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McDonald’s promised significant changes after reporting a worse-than-expected 30% drop in third-quarter earnings and calling its challenges “more formidable than expected.”

Coke Boosts Cost-Cutting Plan

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Coke unveiled a broader cost-cutting program and warned it doesn’t expect to meet its previous financial targets as the beverage giant again posted lackluster soda volume and struggled with currency headwinds.

Harley-Davidson Profit Slips

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Harley-Davidson Inc. posted lower earnings and revenue during the third quarter as motorcycle shipments declined as expected.

China Auto Sales Target Likely to Be Cut Again

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China’s government-backed auto industry association will likely further lower its projection for auto sales this year after domestic economic growth hit a five-year low in the third quarter.

Lockheed Forecasts Sales and Margins Drop in 2015

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Lockheed Martin reported a forecast-beating 1.7% rise in third quarter profit and raised its 2014 outlook, but forecast sales and margins will drop sequentially in 2015, even if lawmakers approve the Pentagon’s existing budget plan.

AbbVie, Shire Terminate Deal

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AbbVie and Shire terminated their $54 billion deal, killing the year’s biggest agreed-upon merger amid a U.S. government push against so-called inversion deals.

EU Regulators Seek Feedback on Trans-Atlantic Air Pact

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Air France-KLM, Alitalia and Delta are planning a tie-up on trans-Atlantic flights involving schedule, pricing and capacity coordination and profit-sharing. EU antitrust regulators want to hear what others think.

Jaguar Land Rover Opens China Factory

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Tata Motors’ Jaguar Land Rover opened its first plant in China as part of a manufacturing push aimed at more than doubling global sales by the end of this decade.

IPhone 6 Recharges Apple's Growth

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Apple said its quarterly profit rose 13%, and it predicted record holiday sales, as strong demand for its new larger-screen iPhones helped to overcome sluggish iPad sales.

IBM Faces Another Overhaul

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IBM, two decades after successfully shifting its emphasis to software and computer services from hardware, is showing signs of needing another overhaul.

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