For Sale: Used Oilfield Machinery

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Forests of idle drilling rigs, piles of pipe and ranks of empty trucks are a new and tangible sign of the financial trouble sweeping the oil patch.

Tyson to Curb Antibiotics

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U.S.meatpacker plans to largely eliminate antibiotics used in human health from its chicken production.

Philips Profit Hit by Restructuring

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Philips posted a 28% fall in profit, even as it recorded a rise in comparable sales for the first time in five quarters.

Pricier Gadgets Help Apple Elbow Out Rivals

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Apple is pulling off a feat rarely seen in any industry, much less the cutthroat world of consumer electronics: gaining market share while also commanding higher prices.

Standard Chartered Considering Move From U.K.

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The bank said a sharp rise in the levy it pays to the British government could prompt it to leave the country—as bad loans jumped by 80% and pretax profit dived 22% in the first quarter.

U.K. Economy Slows Ahead of Election

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The U.K. economy slowed, casting a shadow over the government’s economic track record less than two weeks before a closely fought national election.

China Readies Fresh Easing to Tackle Specter of Debt

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China’s central bank is planning to launch a fresh credit-easing program, as Beijing’s flagship plan to restructure trillions of dollars of local-government debt hits snags.

European Share Prices Slip

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European stocks fell in early trade, weighed down by losses for pharmaceutical stocks, with the Stoxx Europe 600 0.5% lower.

Fed Rule Making Has Insurers on Edge

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The Federal Reserve, known for regulating the country’s largest banks, has become a major overseer of insurance firms in a big shift for an industry long regulated by states.

China Readies Fresh Easing to Tackle Debt

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China’s central bank is planning to launch a fresh credit-easing program, as Beijing’s flagship plan to restructure trillions of dollars of local-government debt hits snags.

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