Lufthansa Posts Decline in Profit

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Lufthansa said its second-quarter net profit fell from a year earlier due to strikes, adverse currency effects and overcapacity on its North American and European routes.

Airlines Sue TSA Over Security Fees

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A group of airlines sued the U.S. government over new passenger-ticket security fees following months of squabbling over charges that came into effect last week.

Whole Foods Again Lowers Sales View

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Whole Foods said third-quarter earnings rose 6%, but the specialty supermarket again lowered its sales projections for the fiscal year.

GM to Start Taking Crash Claims

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General Motors on Friday starts taking applications from victims of accidents involving defective ignition switches in its small cars, promising the first payouts from the about $400 million fund by November.

Mixed Fortunes for European Car Makers

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European car makers painted a murky portrait of the global auto industry as concerns about Russia and Latin America blunt the optimism fueled by a steady rebound in European auto demand.

Boeing to Build New 787 Dreamliner in S. Carolina

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Boeing plans to build a new version of its flagship 787 Dreamliner jet exclusively at its nonunion factory in South Carolina.

Drug Firms Buy $67.5 Million Voucher to Speed FDA Review

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Regeneron Pharmaceuticals and Sanofi are spending $67.5 million to buy a special voucher held by BioMarin Pharmaceuticals in a bid to hasten regulatory review of their new cholesterol drug.

Insurers Post Lackluster Results

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MetLife, Allstate and Hartford Financial reported lackluster operating earnings for the second quarter, in part due to higher storm and catastrophe-related property claims.

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