Statoil Profit Soars Despite Output Drop

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Norwegian oil major Statoil ASA said its second-quarter net profit more than doubled as higher prices offset a 9% production drop on the year, adding it was limiting its gas output amid low prices in Europe.

Huawei Smartphone Business Bright

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Huawei' s sales of smartphones and other consumer products rose 30% in the first half of this year. The company said its strategy of focusing more on mid- to high-end smartphones, rather than selling the cheapest phones on the market, is working well.

Amazon Reports Another Loss

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Amazon posted a massive sales bump but failed again to turn a profit, even as it has hinted at a growing resolve to boost margins.

U.S. Corn Farmers Face a Cash Crunch

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Tumbling corn prices are sowing fears that many U.S. farmers will suffer their first losses in years and the agricultural economy could face its first sustained slump in a decade.

Google Grants Majority of 'Right to Be Forgotten' Requests

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Google has approved just over half of its received requests to remove Web-page links from individual name-search results in Europe, according to a person familiar with the matter.

American, United Plan Buybacks

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The parents of American Airlines and United Airlines unveiled stock-buyback plans, continuing the transformation of the country's largest carriers from bankruptcy into some of the most profitable in the world.

AIA New-Business Value Hits High

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AIA Group Ltd.'s new-business value, a key measure of insurers' profitability, jumped 23% to a record high during the first six months of the year, driven by demand in China and Hong Kong.

Jamba Juice Gets Squeezed by Activist

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The owner of the Jamba Juice chain is facing a call from activist investor Engaged Capital to slash costs and potentially exit the New York City market.

Struggling Life Insurers Look to Middle-Class

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MetLife and other life insurers are trying to reverse a long slide in sales of life insurance to the middle class, but it's proving a tough sell.

McDonald's Stands By Meat Supplier in Crisis

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McDonald's and meat supplier OSI Group date back to the Ray Kroc days in the 1950s. Now, OSI is scrambling to restore its reputation after an expired-meat scandal involving a unit in Shanghai.

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