ArcelorMittal Warns Lower Iron Ore Prices Will Dent Earnings

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The London-listed steel maker has warned that it will miss its target for full-year earnings as the group bears the brunt of lower commodity prices despite swinging to a second-quarter net profit.

Met Postpones Lockout by 72 Hours

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The Metropolitan Opera put the brakes on a threatened lockout of its union employees Thursday night, agreeing to a 72-hour postponement.

Target's New CEO Is Steeped in Stores

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Target's new CEO is a businessman who spent the last decade job-hopping across the divide between retailers and their suppliers. Now he will have to settle in and study up on areas where Target needs work.

Sony's Smartphone Struggle

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Sony sharply cut its forecast for smartphone sales, dealing a blow to the Japanese electronics maker's hopes for recovery.

Dodgers TV Weighs on Time Warner Cable

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Time Warner Cable's months-long standoff with other major pay-TV distributors over the Los Angeles Dodgers sports channel is likely to weigh on its financial results for the year, the cable operator said Thursday.

Smartphones Are the Next Frontier in Cybersecurity

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Smartphone security will be a focus of the Black Hat security conference in Las Vegas next week as hackers develop new techniques to take over devices without alerting the user.

Argentine Debt Feud Finds Much Fault, Few Fixes

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Argentina's default on $29 billion in debt brought a stock-market selloff and finger pointing by the Argentine government and creditors. But investors held out hope that a resolution to the crisis could be reached.

Alibaba Invests $120 Million in Mobile Gaming Firm

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Alibaba Group Holding is backing another California startup, announcing a $120 million investment in gaming company Kabam Inc. and a partnership to publish and distribute its free-to-play mobile games.

Surprise Bidder in T-Mobile US Battle

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The slow-moving mating dance between Sprint and T-Mobile US got a jolt when France's Iliad made a buyout offer for T-Mobile US, setting up a clash between two of the global telecom industry's brashest titans.

Siemens Cautious on Energy Unit

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Siemens posted a rise in second-quarter profit, but the German engineering giant warned that its energy business remains a challenge and conflicts around the globe increasingly threaten its expansion plans.

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