Apple's iCloud Is Under Attack in China

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Apple’s iCloud service for users in mainland China has been hit by an attack that could allow perpetrators to intercept and see usernames, passwords and other personal data, activists and security analysts said.

McDonald's Profit Falls 30%

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McDonald’s promised significant changes after reporting a worse-than-expected 30% drop in third-quarter earnings and calling its challenges “more formidable than expected.”

Coke Boosts Cost-Cutting Plan

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Coke unveiled a broader cost-cutting program and warned it doesn’t expect to meet its previous financial targets as the beverage giant again posted lackluster soda volume and struggled with currency headwinds.

AbbVie, Shire Terminate Deal

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AbbVie and Shire terminated their $54 billion deal, killing the year’s biggest agreed-upon merger amid a U.S. government push against so-called inversion deals.

EU Regulators Seek Feedback on Trans-Atlantic Air Pact

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Air France-KLM, Alitalia and Delta are planning a tie-up on trans-Atlantic flights involving schedule, pricing and capacity coordination and profit-sharing. EU antitrust regulators want to hear what others think.

IPhone 6 Recharges Apple's Growth

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Apple said its quarterly profit rose 13%, and it predicted record holiday sales, as strong demand for its new larger-screen iPhones helped to overcome sluggish iPad sales.

IBM Faces Another Overhaul

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IBM, two decades after successfully shifting its emphasis to software and computer services from hardware, is showing signs of needing another overhaul.

Eurozone Deficits Fall After New Measure

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A change in the way the European Union measures gross domestic product has left governments with slightly smaller deficits and debts, according to figures released by the bloc’s statistics agency.

CEO of Oil Giant Total Dies in Plane Crash

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French oil company Total SA said Chairman and Chief Executive Christophe de Margerie died Monday in a plane crash at a Russian airport.

Hermès' Chinese Brand Slow to Gain Traction

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Hermès doesn’t expect its Chinese brand, Shang Xia, to break even until 2016, a date that consultants say reflects its slow traction in China and the difficulties it faces with Beijing’s crackdown on luxury gift-giving by officials.

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