U.S. Oil Exports Ready to Sail

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A tanker of oil from Texas set sail for South Korea, the first unrestricted sale of unrefined American oil since the 1970s.

Exxon's Profit Climbs; Results Beat

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Exxon said its second-quarter earnings rose 28% on strength in its exploration and refining segments, as higher prices helped offset lower production levels.

Target Picks Pepsi Veteran as New CEO

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Target is bringing in PepsiCo executive Brian Cornell as its new CEO, turning to an outsider for the first time in its history to repair a battered corporate culture and navigate a sea change in shopping habits.

Time Warner Cable Results Shy of Estimates

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Time Warner Cable Inc.'s second-quarter profit and revenue improved as the company added more Internet customers, but results just missed analysts' expectations.

Turnaround 'Remains Challenging' at Avon

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Avon said its second-quarter profit shrank as the beauty company continued to post lackluster sales, particularly in Latin America and North America.

Alibaba Discusses Snapchat Stake

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Snapchat is in discussions to raise a new round of financing from Alibaba in a deal that could value the mobile-messaging app at about $10 billion.

T-Mobile US Swings to Profit, Adds Customers

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T-Mobile US said it gained more than 1.5 million total subscribers in the second quarter, as the fourth-biggest U.S. wireless operator continued to add customers as the market awaits a potential tie-up with Sprint Corp.

Yahoo Japan Launches Car Navigation App

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The app is part of Yahoo Japan's pursuit of more traffic on smartphones, which it sees as key to long-term growth.

For Top Brokers, Junkets Make a Comeback

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Good-bye Detroit, hello Hawaii. With markets at record levels and wealth-management fees rising, Wall Street is once again sending top brokers to luxury destinations.

Rolls-Royce Cuts Outlook for Marine Unit

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Rolls-Royce Holdings downgraded the full-year outlook for its marine unit for the second time this year but reaffirmed that its weaker operational performance is set to improve by the end of 2014.

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