Mobileye Soars in Trading Debut

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Shares of Mobileye surged in their trading debut, opening up 44%, after the auto-technology company's initial public offering priced above its recently raised expectations.

ArcelorMittal Returns to Profit, With U.S. Boost

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ArcelorMittal posted its first quarterly profit in two years, reaping benefits from cost cuts in Europe and a resurgence in U.S. steel demand. But it warned that a sharp drop in iron-ore prices would reduce its outlook for full-year earnings.

Experts Reassess Risk of In-Flight Battery Fires

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Lithium batteries constitute one of the big safety questions facing the aviation industry. In the U.S. alone, the FAA lists 17 significant incidents with batteries on passenger planes in the past decade.

P&G to Shed More Than Half Its Brands

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Procter & Gamble, the world's largest consumer products company, is looking to get smaller by shedding more than half its brands.

U.S. Auto Sales Rose 9% in July

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U.S. auto demand roared ahead, up 9% over a year earlier, thanks to healthy summer sales incentives and strong demand for sport-utility vehicles that pushed the annualized selling pace above 16 million cars and light trucks for a fifth straight month.

VIA Train Hits Derailed Canadian National Train

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Canada's government-owned rail-passenger service, VIA Rail Canada, said one of its trains struck a derailed Canadian National Railway Co. train in eastern Ontario on Friday, disrupting service in the busy Toronto-Montreal rail corridor.

Index Providers Mull Removing Russian Firms

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Index providers are considering stripping out some Russian companies, potentially undermining a key structural support for the country's markets.

Microsoft Says It Is Suing Samsung

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Microsoft Corp. said it has sued Samsung Electronics Co., claiming its rival violated a patent-licensing contract. The dispute involves technology included in Android, Google Inc.'s operating system for mobile phones and tablets.

Obama: Ex-Im Bank Fight Hurts U.S. Companies

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President Barack Obama called for Congress to reauthorize the U.S. Export-Import Bank, saying the political impasse is hurting U.S. companies as they compete against foreign firms.

Allergan Sues Over Valeant-Ackman Ties

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Allergan filed a lawsuit claiming Valeant Pharmaceuticals, investor William Ackman and his firm Pershing Square violated securities laws prohibiting insider trading, among other things, in the companies' takeover battle.

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