Accounting Choices Blur Profit Picture

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The number of U.S. companies that rely solely on standard accounting to report their financial results is shrinking fast. Nonstandard figures that many use inflate income by an average 44% at profitable firms, an analysis found.

U.S. to Hold Talks with U.A.E., Qatar in Airline Dispute

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The State Department intends to hold “informal, technical discussions” with the United Arab Emirates and Qatar next month about a dispute over Persian Gulf airlines’ funding and access to the U.S. market.

SolarCity Forms Special Committee to Review Tesla Offer

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SolarCity said it has hired outside legal and advisory counsel and formed a special board committee to evaluate an acquisition offer made by Tesla Motors.

Pepsi Tries to Fix Diet Cola Stumble

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PepsiCo said it would reintroduce the aspartame-sweetened version of Diet Pepsi in U.S. stores in September, its latest attempt to halt plunging diet cola sales.

Airbnb Sues San Francisco Over New Law

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Airbnb has sued San Francisco in federal court in an attempt to block its home city’s plan to fine the company for unregistered apartment rentals.

Brexit Vote Casts Pall Over U.K. Businesses

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Fallout from Britain’s vote to break with the European Union cascaded through the boardrooms of the U.K.’s biggest businesses Monday—triggering profit warnings and forcing executives across Europe to rethink investment and hiring plans.

Russian Tycoon Parlays a Smart Hedge Into an Empire

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Mikhail Gutseriev won big when he locked in high oil prices with a smart hedge and now hopes to expand his budding business empire with an initial public offering of his Russneft, Russia’s seventh-largest oil firm.

Brexit: The Latest Catch-All Excuse for Everyday Problems

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Companies are quickly issuing post-Brexit profit warnings—a helpful cover for companies’ more mundane troubles.

Brexit: The U.K.'s New Political Risk Equation

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The pain goes on for the pound. The U.K.’s reputation as a haven has been tarnished.

SEC Requires Energy Companies to Disclose Payments to Governments

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Energy companies will have to report their payments to governments for extracting oil, gas and minerals under rules the Securities and Exchange Commission completed Monday, three years after a federal judge tossed out an earlier version of the measure.

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