'Cheap Chic' Gets Cheaper Yet

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Primark, the U.K. fast-fashion chain that sells T-shirts for a couple of pounds and doesn’t believe in online retailing, wants to make it big in the U.S. Its big selling point to America will be price.

Qantas Showing Signs of Recovery

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After reporting a record annual loss this year, Australia’s Qantas Airways turned a profit during its fiscal first quarter, its chief executive said.

Buffett Puts Wind in Berkshire's Sails

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Famed billionaire Warren Buffett has doubled down on renewables—and wind power in particular—in his energy strategy.

U.S. Auto Sales Fuel GM Earnings

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General Motors reported a 14% drop in its third-quarter profit but beat analyst expectations as strength in North America offset weaker results in other regions of the world.

China CNR Bags Major U.S. Contract

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A Chinese railcar maker said it won the local industry’s first major contract in the U.S., with an agreement to supply 284 subway cars for $556.6 million to the state of Massachusetts.

Tesco Chairman to Step Down

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Tesco said Chairman Richard Broadbent would step down as it revealed the accounting practices that led to an overstatement of its profit had occurred in prior periods as well.

Janus Says Profit Rises 25%

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Bond kingpin Bill Gross’s new home, Janus Capital Group, said its profit rose 25% as its revenue and assets under management grew.

London Real-Estate Market May Be Cooling

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Homes in the U.K. capital have been among the hottest global assets in recent years, but signs continue to suggest the heat is escaping.

J&J Unit Wins Texas Suit Regarding All-Metal Hip Implant

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Johnson & Johnson received a favorable verdict Thursday from a Texas jury in a trial regarding the company’s all-metal hip-implant product.

J.P. Morgan Warned on China Hiring Before Probe

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Several executives at J.P. Morgan Chase in New York were warned of potential problems related to the bank’s hiring practices in China more than a year before the program came under scrutiny by the U.S. government.

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