Fed Leaves Door Open to Move as Soon as September

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The Fed upgraded its economic assessment and said near-term risks have diminished, effectively leaving the door open to raise rates as early as September.

Shell Profit Hit Hard by Low Oil Prices

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Royal Dutch Shell reported a sharp drop in second-quarter profit compared with a year earlier as lower oil and gas prices weighed on earnings.

Diageo Profit Hit by Currency Volatility

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Diageo reported weaker profit for the year as the world’s largest spirits maker was hit by currency volatility and one-time charges.

AstraZeneca Posts $3 Million Loss

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AstraZeneca posted a loss in the second quarter as it furiously invested in its next-generation drugs while battling falling sales of its aging blockbuster Crestor, and took a restructuring charge relating to a cost-reduction program.

Boeing Considers Ending Production of 747

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Boeing said Wednesday that it may stop production of the 747, ending nearly a half-century of producing the plane that became the aircraft of choice for the U.S. president and other heads of state.

SoftBank Net Profit Rises 19%

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SoftBank’s net profit for the fiscal first quarter rose 19% in its first earnings report since the Japanese company took the global semiconductor industry by surprise with a $32 billion deal to acquire ARM.

Total's Second-Quarter Profit Falls 30%

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Lower oil prices and a weaker refining market dropped the company’s net while revenue fell 17%.

China's Taikang Life Insurance Takes Stake in Sotheby's

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Taikang Life Insurance Co. has disclosed a 13.5% stake in Sotheby’s, citing a “positive view” of the auction company’s prospects as well as potential interest in a board seat.

BHP Billiton to Take $1 Billion Profit Hit From Brazil Dam Charges

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BHP Billiton said it would record a provision of over $1 billion relating to last year’s deadly dam failure at a Brazilian iron-ore mining operation.

In China, Local Rivals Take Bite Out of Apple's Revenue

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Apple has a China problem, and it may only worsen, as Chinese smartphone makers offer better products and appeal to consumers to buy homegrown hardware.

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