Obama Administration Plans Stricter Oil Train Safety Standards

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The Obama administration will unveil on Wednesday new rules proposing stricter safety standards on trains carrying flammable fuels, according to a Capitol Hill source familiar with the pending regulation.

As Cereal Slips, New Battle Over Breakfast

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Americans' shift to low-carb, high-protein foods has sapped sales for Kellogg and other cereal makers but could be a boon for McDonald's, Taco Bell and other fast-food chains.

Daimler Boosted by Mercedes

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Daimler reported a sharp rise in second-quarter earnings, driven by record sales in its Mercedes-Benz luxury car division, as the German auto maker races to catch up with rivals BMW and Audi.

Freeport-McMoRan Revenue Rises

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Freeport-McMoRanInc. posted stronger-than-expected revenue for its second quarter, buoyed by its entry into the oil and gas business.

Alstom Upbeat on Trains as Sales Jump 16%

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Alstom said train sales jumped 16% in the first quarter and is upbeat about the outlook for the division, underscoring its decision to focus on its transport business and sell its power assets.

BCE to Take Bell Aliant Unit Private

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Canadian telecommunications giant BCE to buy out minority shareholders of its Bell Aliant Inc. division for about 3.95 billion Canadian dollars ($3.68 billion).

Pepsi Raises Outlook

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Pepsi said its second-quarter revenue rose, helped by higher beverage and snack volumes, as it increased its earnings outlook for the year.

GSK Reduces Full-Year Earnings Forecast

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GlaxoSmithKline downgraded full-year earnings expectations, as its second-quarter profit was hit by currency moves, weak sales of its respiratory drugs and the continuing bribery investigation in China.

Delta Air Lines Profit Rises 17%

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Delta Air Lines Inc. said its second-quarter earnings jumped 17%, driven by higher passenger and operating revenue as traffic increased.

Northrop Profit Boosted by Lower Costs

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Northrop Grumman Corp. on Wednesday reported a 4.7% increase in second-quarter profit as the defense contractor cut costs, masking a decrease in sales.

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