GM Sweetens Labor Day Deals

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General Motors announced a new round of discounts heading into the Labor Day weekend, including heftier rebates on many Chevrolet models and deeper discounts on Silverado.

Canadian Judge: Nortel Bondholders Can't Collect Interest

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A Canadian judge has rejected a bid by investors to collect interest on some $4 billion of bonds issued by now-defunct telecommunications company Nortel Networks Corp.

Infineon to Buy International Rectifier

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Infineon said it agreed to buy International Rectifier for about $3 billion in cash, a deal that broadens the German chip maker's semiconductor product offerings.

Volvo Car Swings to Profit

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Swedish auto maker Volvo said it swung to a net profit during the first half of the year as car sales increased 9.5% on strong demand in China, Sweden and Western Europe.

Glencore Plans $1 Billion Buyback

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Glencore said it would buy back $1 billion in shares and avoid expensive expansion projects. But CEO Ivan Glasenberg signaled possible interest in mining assets that BHP plans to spin off.

Media General, LIN to Sell Stations

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Media General Inc. and LIN Media LLC said they reached deals to divest themselves of television stations in five markets to satisfy regulatory conditions for the companies' pending merger.

Technology Helps Pilots Land in Fog

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Rockwell Collins Inc. and other cockpit-equipment makers are developing technologies that could enable low-visibility landings now prohibited at scores of mid-size and smaller fields in the U.S.

AT&T's Network to Land on Google's Turf

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AT&T is bringing its GigaPower Internet service to Apple's hometown and a few miles from Google's doorstep in a race to wire the nation with ultrafast fiber optic cables.

Geely Automobile Profit Falls

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Chinese auto maker Geely Automobile said first-half net profit fell 20% from a year earlier, as sales of the company's cars fell at home and abroad.

Mylan Edges Toward Glaxo Drugs

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U.S. generic drugs company Mylan, as well as some private-equity groups and Indian drug makers, has made it through to the second round of bidding for a portfolio of mature drugs being sold by GlaxoSmithKline.

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