Sony Sees $2.15 Billion Loss

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Sony expects to post a fiscal-year net loss of $2.15 billion as it wrote down the book value of its struggling mobile unit, and said it wouldn't pay a dividend for the first time since its stock was listed in 1958.

Trian Makes Case to Break Up DuPont

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An activist investor with a successful track record has launched a campaign to force DuPont to break itself up after the chemical giant rebuffed its repeated private calls for change.

Nucor Projects Higher Earnings

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Nucor Corp. said Wednesday it expects per-share earnings to rise up to 63% above the prior-year period as the steel manufacturer continues to benefit from stronger energy, automotive and construction markets.

Family Dollar Rejects Tender Offer

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Family Dollar Stores advised its shareholders to reject Dollar General's tender offer, while again affirming its support for its deal with Dollar Tree.

Richemont Sales Dimmed by Asia

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Switzerland's Richemont has reported a fall in sales of its watches and jewelry in Asia, particularly for its Cartier brand, sending another chill through the luxury-goods sector which has relied on Chinese customers for booming demand in recent years.

Cracker Barrel Profit Tops Views

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Cracker Barrel Old Country Stores said its fiscal fourth-quarter profit rose 14% as higher prices and cost cuts helped the restaurant chain offset lower traffic.

EU Car Sales in Continuing Recovery

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Recovery of the EU auto industry continued apace in the first eight months of the year, with new-car sales rising 6% to 8.3 million vehicles.

FedEx Profit Jumps 24%

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FedEx Corp. said its fiscal first-quarter profit jumped 24%, as the package-delivery giant reported higher revenue in its ground, freight and express operations.

General Mills Profit Drops 25%

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General Mills said it expects to save $100 million in costs from streamlining its North American supply chain, as its fiscal first-quarter profit slid 25% on a modest decline in sales.

Inditex Hit by Global Tension

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Political and economic turmoil in some of Inditex's high-growth markets pressured profit and sales in the first half, reflecting a downside to the Zara owner's aggressive expansion into Asia and Eastern Europe.

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