Chinese High-Rollers Take Lower Profile

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China's anticorruption campaign is damping revenue at Macau's casinos, as well as spending at Hong Kong's luxury malls, as conspicuous consumption loses its cachet.

Harley Recalls Bikes Over Ignition Switch

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Harley-Davidson said it is recalling 4,520 motorcycles globally because of an ignition switch problem that could cause the bike to shut down while riding.

Will This Billionaire Bring $3-a-Month Phone Plans to U.S.?

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Telecom company Iliad has thrived on its pledge to cut French households' mobile phone bills. Founder Xavier Niel, now pursuing T-Mobile US, sees the same opportunity across the Atlantic.

Mobileye Soars in Trading Debut

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Shares of Mobileye surged in their trading debut, opening up 44%, after the auto-technology company's initial public offering priced above its recently raised expectations.

ArcelorMittal Returns to Profit, With U.S. Boost

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ArcelorMittal posted its first quarterly profit in two years, reaping benefits from cost cuts in Europe and a resurgence in U.S. steel demand. But it warned that a sharp drop in iron-ore prices would reduce its outlook for full-year earnings.

Experts Reassess Risk of In-Flight Battery Fires

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Lithium batteries constitute one of the big safety questions facing the aviation industry. In the U.S. alone, the FAA lists 17 significant incidents with batteries on passenger planes in the past decade.

P&G to Shed More Than Half Its Brands

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Procter & Gamble, the world's largest consumer products company, is looking to get smaller by shedding more than half its brands.

U.S. Auto Sales Rose 9% in July

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U.S. auto demand roared ahead, up 9% over a year earlier, thanks to healthy summer sales incentives and strong demand for sport-utility vehicles that pushed the annualized selling pace above 16 million cars and light trucks for a fifth straight month.

VIA Train Hits Derailed Canadian National Train

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Canada's government-owned rail-passenger service, VIA Rail Canada, said one of its trains struck a derailed Canadian National Railway Co. train in eastern Ontario on Friday, disrupting service in the busy Toronto-Montreal rail corridor.

Index Providers Mull Removing Russian Firms

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Index providers are considering stripping out some Russian companies, potentially undermining a key structural support for the country's markets.

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