A High Seas Comeback for Sails?

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As the shipping industry struggles with high fuel costs and tepid demand, some innovators say that high-tech sails may hold the secret to cheaper and cleaner fuel.

Huawei Smartphone Business Bright

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Huawei' s sales of smartphones and other consumer products rose 30% in the first half of this year. The company said its strategy of focusing more on mid- to high-end smartphones, rather than selling the cheapest phones on the market, is working well.

GM's Profit Tumbles 80%

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GM reported an 80% drop in its second-quarter net profit, with earnings hit by $2.5 billion in pretax charges related to vehicle recalls and money set aside to fund a victim compensation plan.

U.S. Corn Farmers Face a Cash Crunch

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Tumbling corn prices are sowing fears that many U.S. farmers will suffer their first losses in years and the agricultural economy could face its first sustained slump in a decade.

Google Grants Majority of 'Right to Be Forgotten' Requests

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Google has approved just over half of its received requests to remove Web-page links from individual name-search results in Europe, according to a person familiar with the matter.

American, United Plan Buybacks

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The parents of American Airlines and United Airlines unveiled stock-buyback plans, continuing the transformation of the country's largest carriers from bankruptcy into some of the most profitable in the world.

Jamba Juice Gets Squeezed by Activist

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The owner of the Jamba Juice chain is facing a call from activist investor Engaged Capital to slash costs and potentially exit the New York City market.

McDonald's Stands By Meat Supplier in Crisis

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McDonald's and meat supplier OSI Group date back to the Ray Kroc days in the 1950s. Now, OSI is scrambling to restore its reputation after an expired-meat scandal involving a unit in Shanghai.

Wal-Mart's U.S. Chief to Leave

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Wal-Mart's U.S. chief, Bill Simon, who struggled to lift sales as it fought off competition from dollar stores and online retailers, will leave the company Aug. 8, the retailer said.

Under Armour Raises Outlook

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Under Armour has found a bright spot in the retail industry, clocking 34% revenue growth thanks to substantial gains in athletic apparel and footwear. The company raised its full-year outlook for sales and profit.

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