LG Electronics Profit Slumps On Stiff Chinese Competition

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The South Korean electronics giant posted a steep drop in second-quarter profits as it remains vulnerable to cheaper Chinese models of smartphones and TVs.

Nintendo Scores Profit, No Word on Successor to Iwata

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Nintendo swung to a first-quarter profit but didn’t provide an update on who will succeed Satoru Iwata, who died of cancer earlier this month, as president.

VW Profit Falls on China Weakness

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Volkswagen, Europe’s largest car maker by sales, said after-tax earnings slipped in the second quarter because of weakness in China and restructuring charges in its trucks business.

Wanted in China: Public Face to Calm Turbulent Markets

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Wanted in China: a reassuring face to tell panicking investors that everything will be all right.

Bayer's Profits Rise on Healthy Currency Effects

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German pharmaceutical group Bayer reported a 21% rise in net profit for the second quarter of 2015, boosted by favorable currency effects and earnings growth in all three business areas.

Total's Profit Shows Limited Impact of Oil Price

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French oil major Total said aggressive cost-cutting and an increase in oil output helped offset the fallout from the collapse in the price of oil on its bottom line.

Barclays Scraps Dividend Target

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Barclays reported a rise in profit but scrapped its dividend target to retain capital as part of a fresh effort by Executive Chairman John McFarlane to reshape the beleaguered British bank.

China Pushes to Rewrite Web Rules

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China is trying to rewrite the rules of the global Internet, aiming to control online discourse and reduce U.S. influence.

Solvay to Buy Cytec Industries for $5.5 Billion

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Belgium-based chemicals company Solvay said it is buying U.S. counterpart Cytec Industries for $5.5 billion to boost its product offering.

As China's Stock Market Boils, Yuan Will Stay Cool

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A weaker yuan may make economic sense, but Beijing can hardly afford a bout of currency weakness on top of everything else.

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