IndiGo Signs Aircraft Financing Deal

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Indian budget airline IndiGo signed an initial pact with Industrial & Commercial Bank of China Ltd to finance the purchase of more than 30 Airbus A320 planes.

Cracker Barrel Profit Tops Views

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Cracker Barrel Old Country Stores said its fiscal fourth-quarter profit rose 14% as higher prices and cost cuts helped the restaurant chain offset lower traffic.

EU Car Sales in Continuing Recovery

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Recovery of the EU auto industry continued apace in the first eight months of the year, with new-car sales rising 6% to 8.3 million vehicles.

FedEx Profit Jumps 24%

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FedEx Corp. said its fiscal first-quarter profit jumped 24%, as the package-delivery giant reported higher revenue in its ground, freight and express operations.

General Mills Profit Drops 25%

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General Mills said it expects to save $100 million in costs from streamlining its North American supply chain, as its fiscal first-quarter profit slid 25% on a modest decline in sales.

Toys 'R' Us Expands Claire's Shops

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More Toys "R" Us stores will feature in-location Claire's shops, broadening its offerings for tween girls beyond toys and videogames.

Head of GM's Cadillac Brand Plans Revival

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The new head of GM's Cadillac luxury brand says he intends to slash inventories of unsold sedans in the U.S., push to reduce the number of dealerships and expand the portfolio of models.

Sky Deutschland Advises Against BSkyB Offer

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Sky Deutschland's supervisory and executive boards have advised minority shareholders not to accept a takeover offer by BSkyB, saying the offer "doesn't reflect the long-term potential nor the internal value" of the company.

China Hunger Inspires 'Twiggy'

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As iron ore prices languish at their lowest levels in five years, the chairman of the world's fourth-largest miner of the mineral is betting on another big Chinese market: food.

Internet Power Balance Tilts Toward Asia

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When Alibaba begins trading Friday, four of the world's 10 largest Internet companies by stock-market value will be based in Asia, highlighting how much action is shifting to the region.

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