Maersk Raises Outlook

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A.P. Møller-Maersk plans to buy back up to $1 billion of its own stock as the Danish conglomerate raised its full-year underlying profit outlook, helped by the performance of its Maersk Line container shipping unit.

Home Depot's Profit, Outlook Rise

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Home Depot posted strong foot traffic and growth in sales of higher-end items in the most recent quarter, making it one of only a few retailers to raise its full-year profit forecast so far this quarter.

Canada Agency Issues Two Rail-Safety Recommendations

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Canada's transportation safety agency blamed a devastating oil-train derailment in Quebec last year on a host of factors and issued two new safety recommendations.

Fortescue Profit Jumps

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Fortescue Metals Group said it hoped to repay as much as US$1.5 billion of debt within the next year, after a sharp rise in iron-ore output from its Pilbara mines fueled a 56% rise in annual profit.

Walgreen Shakeup Followed Bad Projection

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The drugstore giant pressured its CFO and pharmacy chief to leave after a bungled forecast of pharmacy profits related to its Medicare prescription-drug business.

Dick's Sporting Gives Up on Growth for Golf

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Dick's Sporting Goods Inc. said its fiscal second-quarter profit slid 17% as improved revenue was offset by higher expenses and a restructuring charge.

Penske to Buy Fairchild Publications

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Penske Media Corp., the owner of Hollywood trade publications Variety and Deadline, will acquire Women's Wear Daily and other fashion-industry publications from Condé Nast, the companies said Tuesday.

Ballmer Steps Down From Microsoft Board

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Former Microsoft CEO Steve Ballmer quit his post as a company director after 14 years, giving new CEO Satya Nadella an even freer hand to reshape the company.

Marketing Decoder: Air-Powered Air Freshener

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Method Products' 'air care' product for environmentally conscious consumers

One More Wrinkle in Battle for Botox Firm Allergan

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Allergan approached Salix Pharmaceuticals and at least one other company about a potential acquisition, as the Botox maker seeks to fend off a $53 billion hostile takeover from Valeant Pharmaceuticals.

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