Blame It on the World Cup

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The World Cup's cheers of victory and cries of defeat were echoed by executives as they examined second-quarter results. Companies selling TVs, sports drinks and snacks scored, but makers of washing machines lost out.

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Energy Firms Make Use of Tax Deferrals

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The U.S. energy boom is producing a little-noticed side effect: American oil and gas companies are paying less in federal income taxes, thanks to investment incentives that allow for billions of dollars in tax deferrals.

Kellogg's Profit Pressured by Cereal Sales

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Kellogg said its second-quarter earnings fell, as the cereal-maker lowered its full-year outlook amid continued struggles for company's cereal unit.

Exxon Profit Jumps 28%, But Production Declines

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Exxon shares fell nearly 3% after reporting higher second quarter profit on oil-pricing despite pumping oil and gas at its lowest rate in almost five years.

Panasonic to Help Build Tesla Battery Plant

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Panasonic will invest in equipment for a battery joint venture with electric-car maker Tesla, but terms of its investment in the project remain unclear.

Dodgers TV Weighs on Time Warner Cable

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Time Warner Cable said 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.

L-3 Records Charge for Accounting Problems

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L-3 Communications disclosed accounting irregularities linked to a U.S. Army contract, cutting its full-year profit guidance as it digested an initial $84 million pretax charge.

U.S. Oil Exports Set Sail After Long Wait

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A tanker of oil from Texas has set sail for South Korea, the first unrestricted sale of unrefined American oil since the 1970s.

U.S. Judge Rules Microsoft Must Produce Emails Held Abroad

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Microsoft must comply with a U.S. warrant for email stored in a company data center in Ireland, a federal judge ruled.

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