Whirlpool Hit by Falling Sales Outside U.S.

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Whirlpool, hurt by falling sales outside the U.S., reported a 9.6% drop in profit for the second quarter and reduced its forecast for the full year.

Solid Results Bolster Pepsi's Stance

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PepsiCo raised its full-year profit forecast as it reported better-than expected second-quarter results on higher sales and lower costs, giving management new ammunition to fend off calls to split up.

Daimler Profit Boosted by Mercedes

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Daimler reported a sharp rise in second-quarter operating earnings, driven by record sales in its Mercedes-Benz luxury car division, as the German auto maker races to catch up with rivals BMW and Audi.

Newcrest Warns on Write-Downs

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Newcrest Mining said it produced more gold than expected during its financial year, but warned it may face further multibillion-dollar write-downs against the value of its operations.

Malone: Fox Unlikely to Face Competition in Time Warner Bid

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Cable magnate John Malone says 21st Century Fox has long been eyeing a takeover bid for Time Warner and isn't likely to face competing bidders.

Meat Supplier's CEO Apologizes

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The CEO of a U.S. meat supplier apologized Wednesday after the Chinese unit's management was accused of intentionally selling expired meat to restaurants. Five people were detained.

U.S. Seeks New Rules for Rail-Shipped Fuel

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The U.S. government wants to phase out thousands of railroad tank cars that carry crude oil and ethanol within two years, as part of proposed rules to upgrade safety for trains carrying flammable fuels.

Volatile Mix: Social Media and Coupons

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Retailers including Wal-Mart, Target and others are taking steps to limit price-matching as social-media websites turn discounting into a viral frenzy.

New Startup Airlines Crowd the Skies

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The U.S. airline industry's newfound health is breeding something not seen in years: a flock of startups. All share an optimism that they can defy the odds in an industry that has seen 77 bankruptcies in the 20 years.

Is It Over for Tablet Computers?

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As smartphone screens grow larger and laptop computers grow thinner and lighter, sales of the iPad are declining and growth slowing for rival Android tablets.

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