Pilgrim's Pride Still Seeking Acquisition Opportunities

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Poultry producer Pilgrim's Pride, fresh from losing a bruising battle to buy Hillshire Brands, said it remains on the lookout for acquisitions and is expanding abroad.

Discovery Communications Profit Rises

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Discovery Communications boosted net income 26% in the second quarter, buoyed by its expanding international presence, though it lowered its earnings guidance slightly due partly to a slowing U.S. advertising market.

China, Luxury Brands Drive Volkswagen Profit

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The biggest part of Volkswagen's business, the iconic VW brand, is, however, faced with high costs, troubled markets and falling profitability.

Diageo Hit by China Slowdown

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Diageo said weakness across emerging markets led to a fall in full-year profit as the U.K. liquor maker suffered from a huge drop in demand in China, the world's biggest liquor market.

Iliad Makes Offer for T-Mobile US

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French upstart telecommunications company Iliad SA has made an offer for T-Mobile US Inc., in a bold bid to counter an offer for the country's fourth-largest wireless carrier by Sprint Corp.

After Default, What Next for Argentina?

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Stocks and bonds in Argentina tumbled following the country's the country's second default in 13 years, as doubts emerged about the prospects for a bank-engineered deal to resolve a standoff with hedge-fund creditors and government officials suggested they could take the fight to an international court.

Royal Dutch Shell Profit Jumps

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The Anglo-Dutch oil group said that second-quarter profit more than doubled as it benefited from higher output of liquid petroleum and better prices for some products.

Adidas Warns on Profit

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The German sporting goods company stunned investors by slashing its profit forecast for the year, citing challenges to its golf business, lower consumer spending in Russia and the cost of its World Cup marketing.

For Coke in U.S., No Opportunity Too Small

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Coca-Cola can no longer lean on its foreign markets for reliable growth, which means it must turn around its U.S. business. That won't be easy, as Americans are drinking less soda.

Darden Unveils $500 Million Buyback

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Darden Restaurants plans to repurchase $500 million in shares under an accelerated buyback program, using part of the proceeds of its Red Lobster sale to fund the deal.

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