Russia Shuts Four Moscow McDonald's Branches

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Russia temporarily closed four McDonald's restaurants in Moscow, citing sanitary violations, amid the country's most-serious confrontation with the West since the Cold War.

Family Dollar CEO Said to Guard Job

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The chief executive of Family Dollar Stores dismissed multiple requests from Dollar General to pursue a merger because he was worried about being forced to step down, Dollar General CEO Rick Dreiling said.

Ahold Profit and Sales Pressured

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Dutch retailer Royal Ahold reported a 29% fall in second-quarter profit as fierce competition and a weaker U.S. dollar continued to weigh on margins and sales.

Treasury Wine Result Takes Heat Out of Bid Battle

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Australia's Treasury Wine Estates Ltd.—enmeshed in a takeover battle led by two private-equity firms—hit the bottom end of its annual earnings guidance, easing pressure on the suitors to raise their evenly matched offers.

Coolpad Eyes Overseas Expansion

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After overtaking Samsung Electronics to become the third-largest smartphone maker in China, Coolpad, a brand little known outside of the country, is now setting its sights overseas.

Beijing Capital Airport Profit Flat

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Beijing Capital International Airport's first-half profit was flat compared with a year earlier, capped by slower air-traffic growth and limited handling capacity.

Bond Sales in Africa Losing Allure

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African governments are on pace to issue a record amount of bonds in 2014, but global investors' appetite for African bonds may be testing its limit.

Market Chilly to Argentine Debt Proposal

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Argentina's options are dwindling after its latest proposal to exit default by sidestepping a U.S. court order met with skepticism in financial markets on Wednesday.

Corn, Soybean Yields Shoot Higher

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Estimates of corn yields from the Pro Farmer crop tour mostly have exceeded U.S. Agriculture Department estimates, adding pressure to corn prices. Also, much of the nation's soybean crop is in good health.

Saint Laurent Bets on Rock-Star Style

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Hedi Slimane is opening a Los Angeles store that will be the brand's largest, unseating the Paris flagship and continuing a shift in focus toward L.A.'s chic cultural scene.

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