Pearson Swings to Profit

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U.K. publisher Pearson swung to a first-half profit, even as sales fell, and confirmed its guidance for the full year.

Vodafone Upbeat as Revenue Rises

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Vodafone Group said some of its key European markets are showing signs of stabilization, even as it posts lower-than-expected growth in quarterly revenue.

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.

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.

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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