Sanofi Forecasts Profit Spurt

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The French pharmaceutical group has raised its earnings outlook as it reported a jump in second-quarter profit on a strong showing by its biotech unit and stronger sales of diabetes treatments.

For Top Brokers, Junkets Make a Comeback

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Good-bye Detroit, hello Hawaii. With markets at record levels and wealth-management fees rising, Wall Street is once again sending top brokers to luxury destinations.

Lions Gate's CEO Paid $63.6 Million

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The CEO of movie studio Lions Gate Entertainment was paid $63.6 million for the fiscal year ended in March, according to a Securities and Exchange filing.

Argentina Teeters on Default as Talks Collapse

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Argentina teetered on the brink of its second default in 13 years after talks with bondholders collapsed late Wednesday. The setback, after glimmers of hope in recent days that an agreement could be reached, sent Argentine stocks plunging in after-hours trading.

Brazil's Vale Hurt by Write-downs From Commodities Boom

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Brazilian mining company Vale SA reported lower-than-expected net profit in the second quarter as prices for iron ore fell to a four-year low and the company continued to write off assets.

Samsung's Mobile Chief Is in the Hot Seat

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The head of Samsung's mobile division, J.K. Shin, is facing pressure as weakening phone sales propel the company toward a third straight quarter of operating-profit declines.

Target Pays Up For New CEO

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Target is paying Brian Cornell, who is joining the company as CEO on Aug. 12, $19.3 million in equity grants to make up for what he's giving up at PepsiCo.

Bunge Profit Soars

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Bunge Ltd. said its second-quarter profit more than doubled as large crops and increased demand drove up sales in its main agribusiness segment.

L-3 Records Charge for Accounting Problems

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L-3 Communications disclosed accounting irregularities linked to an aerospace logistics support contract and signaled it would take an initial $84 million pretax charge as it cut its full-year profit guidance.

Lotus Looks for Edge in F1 Data Rush

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Lotus says it can get more out of its Formula One race cars from the new ways that it collects data on their performance.

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