U.S. Consumer Sentiment Fell in July

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A gauge of U.S. consumer sentiment dropped in July—as the University of Michigan survey fell to 90.0 from June’s 93.5—in a sign that global economic uncertainty could ripple through domestic spending.

NextEra to Buy Energy Future's Oncor in $18.4 Billion Deal

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NextEra Energy outbid rivals for Energy Future Holdings’ stake in Oncor, the biggest power provider in Texas, in an $18.4 billion deal that will thrust the Florida company into the big leagues among U.S. utilities.

Low Crude Prices Hammer Big Oil Companies

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Exxon Mobil’s profit fell 60% and Chevron reported a third-straight quarterly loss on Friday, capping off a week of lackluster results for the biggest Western oil companies and underscoring the continued challenge they face as crude prices fall to just above $40 a barrel.

WisdomTree Stumped by Global Turbulence

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Poor market performance in Europe and Japan prompted investors to pull out of WisdomTree’s flagship funds.

Viacom Board Suit Against Redstone Holding Company to Proceed

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A Delaware judge will hear arguments on whether 93-year-old Sumner Redstone had the competency to decide to replace five board members at Viacom.

GDP Expands at Disappointing 1.2%

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U.S. economic growth sputtered this spring—growing a meager 1.2% in the second quarter—with cautious business investment largely offsetting more robust consumer spending. The gain marks only a slight acceleration from the first quarter, when GDP advanced at a downwardly revised 0.8% pace.

Exxon's Tank Still Fuller Than Peers

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Exxon Mobil is the best of a faltering bunch among supermajors unable to finance both investments and payouts to shareholders while maintaining investments necessary to avoid shrinking.

The Divide Between GDP and Jobs

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The economy is growing slowly even as the labor market remains strong. It’s an unusual situation that could continue.

UPS Profits Rise on E-Commerce

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United Parcel Service reported a 3.2% increase in profit fueled in part by e-commerce growth, but the delivery giant cautioned that a weaker industrial environment will continue to be a drag.

Merck Revenue Rises on Cancer, Hepatitis Treatments

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Merck posted an unexpected increase in second-quarter revenue thanks to new cancer and hepatitis treatments, and an increased profit versus a year-earlier period that was weighed down by foreign-exchange losses.

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