Credit Suisse Posts Loss After Settlement

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The Swiss bank reported a loss for the second quarter, as it continued to absorb the impact of a U.S. legal settlement reached two months ago.

CIT to Buy OneWest

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CIT Group agreed to buy OneWest Bank's parent company for $3.4 billion in the largest bank acquisition announced so far this year.

Worries Over Meat Supplier Spread to Japan

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McDonald's said its outlets in Japan cut ties with Shanghai Husi Food Co., which has been accused in Chinese media reports of selling meat products beyond their shelf life

Grupo Mexico Close to Buying Arizona Mine Stake

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Grupo Mexico is nearing a deal to acquire Mitsui & Co.'s 25% stake in the Silver Bell copper mine in Arizona for about $120 million, according to people familiar with the matter.

Ford Names Lincoln Division President

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Ford Motor named Kumar Galhotra to the newly created post of president of Lincoln to open a "new chapter" for a brand that has struggled to compete in the luxury automobile business.

Verizon's Profit Improves Sharply

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Verizon Communications got a significant boost in subscribers in the second quarter from customers buying tablets, helping reel in about 50% more customers than it gained in the same period last year.

Soybean Shift Pressures DuPont

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Farmers' preference for planting soybeans over corn will continue to challenge DuPont Co., one of the world's largest sellers of high-tech seeds, executives said Tuesday.

Yahoo Buys Mobile App Flurry

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Yahoo is acquiring mobile app analytics provider Flurry for more than $200 million in a bid to boost advertising revenue from smartphones.

Omnicom Posts Strong Sales Growth

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Omnicom Group posted its strongest sales growth in nearly three years as revenue increased across most of the advertising giant's major markets.

Kimberly-Clark Cuts Outlook Amid Fresh Competition

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Kimberly-Clark Corp. reported lower second-quarter results and cut its outlook citing a tough economic environment and the anticipation of increased competition.

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