U.S. Economy Expands 2.3% in Second Quarter

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The U.S. economy accelerated modestly in the second quarter after a slow start to 2015, but growth this year is still less than last year’s tepid first half and is well below the overall pace of the recovery.

Shell Profit Drops, to Cut 6,500 Jobs

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Shell reported a sharp fall in second-quarter profit and said it would cut 6,500 jobs, illustrating the strain sustained low oil prices are putting on large producers.

Global Markets Waver as Investors Eye Earnings

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Global stock markets were steady Thursday as investors focused on the latest batch of corporate earnings and digested a first reading for second-quarter U.S. gross domestic product.

Procter & Gamble Gives a Muted Outlook

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Procter & Gamble gave muted guidance for its new fiscal year on Thursday, as sales fell 9.2% in the June quarter and the company booked a big charge related to an accounting change for its Venezuela operations.

Sugar Industry Sour on Trade Talks

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High-level talks to wrap up a 12-nation Pacific trade pact have put one set of Hawaii’s locals on edge: Maui’s sugar cane operation, which is concerned that U.S. concessions to growers in other countries could hurt its business model.

T-Mobile Raises Subscriber-Growth Outlook

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T-Mobile US lifted its subscriber-growth outlook for the year as the company logged a better-than-expected 14% increase in revenue for its second quarter.

Hedge Fund Management Companies Have 'Overheated' Valuations

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Manny Roman, the CEO of Man Group, one of the world’s biggest hedge fund companies, says valuation of hedge fund management firms has become “way overheated” amid strong financial markets.

CME Group's Results Top Expectations

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Futures-market operator CME Group said profit edged slightly higher, lifted by higher trading volume in some products and reigned-in expenses.

Royal Dutch Shell Cuts Its Way to a New Look

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The U.K. oil and gas major is chopping jobs, costs and investment. That looks like as much an image makeover, as a financial one.

RBS Offers Big Rewards for Patient Buyers

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The U.K. bank’s radical restructuring launched in February promises to build a big capital surplus.

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