Alibaba's Results Jump Ahead of IPO

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The Chinese e-commerce company posted a jump in profit and revenue for the most recent quarter, weeks before it is expected to launch its hotly anticipated U.S. initial public offering.

BMW, Daimler Unveil Bulletproof Cars

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Murder and kidnapping are less common than they used to be in Russia, but Moscow is still where the world's top auto makers like showing off their latest bulletproof cars.

Express Profit Falls on Weaker Sales

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ExpressInc. said its fiscal second-quarter earnings slid 59% as the specialty retail apparel chain reported a modest decline in sales and higher operating expenses.

Kia Plans Mexico Assembly Plant

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Kia Motors will build a $1.5 billion assembly plant near Mexico's border with the U.S., the latest in a spate of industry investments further accelerating the country into the top ranks of global automotive producers.

Widespread Outages Hit Time Warner Cable

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Time Warner Cable said service was largely restored as of early Wednesday morning following an outage of Internet and on demand services in all of its markets.

Amgen Heart Drug Gets FDA Priority

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Amgen Inc. said U.S. regulators have granted a priority review designation for the company's new drug application for its prospective heart-failure treatment.

American Pulls Fares From Orbitz

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American Airlines has withdrawn its flights from consumer websites powered by Orbitz, following a similar dispute between the airline and the travel website about three years ago.

Vietnam Airlines Plans IPO

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Vietnam Airlines plans to launch an IPO in November, aiming to raise $70.6 million for the government through the sale of a 5% equity stake in the state-run carrier to public investors.

Sabre to Explore Possible Sale of Lastminute.com

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Sabre Corp. said it is exploring a potential sale, along with other strategic options, of its lastminute.com business unit, in an effort to focus on its core business.

Burger King: Hands-Off Growth

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Burger King and Tim Hortons are outliers in the fast-food industry, owning small percentages of their restaurants. That strategy allows growth with minimal investment.

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