SpaceX Wins U.S. Military Contract to Send Satellite Into Orbit

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Billionaire entrepreneur Elon Musk’s rocket-making company has won its most significant U.S. military contract, bidding 40% less than the Pentagon estimated it would spend sending a satellite into orbit, a senior Air Force official said Thursday.

Amazon Delivers 4th Straight Profit

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Amazon swung to a better-than-expected first-quarter profit—its largest ever for a quarter—as the company benefited from surging growth in its Web services division.

Google Hires Former Motorola President

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Google parent Alphabet Inc. is unifying its disparate hardware projects into a new division and hiring former Motorola President Rick Osterloh to run it.

Priceline CEO Resigns After Relationship With Employee

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Priceline Group CEO Darren Huston resigned after an internal investigation found that his relationship with an employee violated the company’s code of conduct.

Earnings on Pace for Third Straight Decline

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U.S. corporate profits are set to decline for the third straight quarter, the longest and broadest slide in earnings since the financial crisis, weighed down by the energy slump and slowing growth around the world.

UPS Earnings Rise as Deliveries Increase

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United Parcel Service reported 10% growth in quarterly income, helped by efforts to increase profitability of packages delivered to U.S. online shoppers.

U.S. Growth Falters Amid Business Caution

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The U.S. economy stumbled out of the gate in 2016 as consumers and businesses showed renewed signs of caution, underscoring the uneven growth that has been a hallmark of the nearly seven-year expansion, the worst performance in two years.

ConocoPhillips Posts Loss, Cuts Spending

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ConocoPhillips further reduced its capital spending plans for 2016 and reported a $1.47 billion first-quarter loss as low commodities prices continue to take a toll on the energy sector.

Comcast to Buy DreamWorks Animation for $3.8 Billion

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Comcast Corp. on Thursday said it agreed to buy DreamWorks Animation SKG Inc. for about $3.8 billion, a deal that could make the cable giant a rival to Walt Disney Co. in the lucrative family-entertainment business.

Hunt-Led Investors Scramble to Save Oncor Buyout

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The deal that was supposed to bail Energy Future Holdings out of bankruptcy proceedings—the sale of its Oncor transmissions business—could be dead within weeks unless Texas regulators give it a second look.

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