Mylan Edges Toward Glaxo Drugs

Wall Street Journal: US Business - 2 hours 49 min ago
U.S. generic drugs company Mylan, as well as some private-equity groups and Indian drug makers, has made it through to the second round of bidding for a portfolio of mature drugs being sold by GlaxoSmithKline.

Norwegian Faces Claims Over Dreamliner Delays

Wall Street Journal: US Business - 3 hours 6 min ago
Passengers are demanding hundreds of thousands of dollars in damages from Norwegian Air Shuttle after suffering lengthy delays due to technical problems with the airline's new Dreamliner aircraft.

Luxottica Shares Fall on CEO Fears

Wall Street Journal: US Business - 3 hours 18 min ago
The world's largest eyewear company, Luxottica, which owns brands including Ray-Ban and Oakley, saw its shares fall up to 6% amid speculation that Chief Executive Andrea Guerra could be about to leave his position after 10 years with the Italian firm.

Sandell Claims Bob Evans Board Seats

Wall Street Journal: US Business - 3 hours 41 min ago
Sandell Asset Management said at least five of its nominees will join the 12-member board of Bob Evans Farms, according to preliminary estimates.

Fish Firm's Woes Show Greek Bankruptcy Gap

Wall Street Journal: US Business - 3 hours 48 min ago
Before Greece's debt crisis, Nireus Aquaculture grew into one of the world's largest fish farmers. Its struggles since then show how the country's bankruptcy laws are helping stymie an economic recovery.

Regulators Eye Variable Annuity Sales

Wall Street Journal: US Economy - 3 hours 51 min ago
Responding to customers' complaints, some states are putting a spotlight on how financial advisers sell variable annuities—and the results aren't pretty.

Staples Pushes Turnaround as Sales Fall

Wall Street Journal: US Business - 3 hours 53 min ago
Staples said its profit and sales declined, while the struggling office-supplies retailer pushed ahead in its plans to close underperforming stores and spark sales growth online.

BP Hires 'Lower 48' Chief

Wall Street Journal: US Business - 3 hours 54 min ago
The move is part of BP's plan to restructure its shale-focused U.S. assets in response to the difficulties that it and other big oil companies have had profiting from the shale boom in the country.

Macy's Reaches Settlement on Racial Profiling Allegations

Wall Street Journal: US Business - 4 hours 12 min ago
Macy's Inc. agreed to pay $650,000 in a settlement with the New York State Office of the Attorney General related to allegations of racial profiling at its New York stores.

Target Lowers Earnings Outlook

Wall Street Journal: US Business - 4 hours 14 min ago
Target cut its outlook for the second time this year as traffic at its stores fell again, even though the discounter ramped up promotions to bring shoppers in.

Europe to Launch Its Own GPS Satellites

Wall Street Journal: US Business - 4 hours 24 min ago
Europe is slated to launch the first of a new generation of global-positioning satellites seeking to divorce itself from reliance on the Pentagon's GPS constellation, the backbone of global commerce.

Coca-Cola Amatil Faces Challenges in Indonesia

Wall Street Journal: US Business - 4 hours 35 min ago
The Australian beverage company's profits there are losing their fizz as costs rise and rivals from Peru and Japan continue to make inroads in the country.

China Steps Up Antitrust Fight

Wall Street Journal: US Business - 4 hours 59 min ago
China levied a record $200 million combined fine against 10 Japanese auto-parts and bearings makers for antitrust activities, in its most dramatic move yet to tame prices in markets dominated by foreign companies.

Russia's Mobile TeleSystems Cuts Sales Forecast

Wall Street Journal: US Business - 5 hours 50 min ago
Russia's leading telecoms operator said it has cut its forecast for revenue growth, citing disruption to its business in Ukraine after months of conflict there.

American Eagle Outfitters Profit Slides

Wall Street Journal: US Business - 6 hours 1 min ago
American Eagle Outfitters said its fiscal second-quarter earnings slid 70%, as the teen-apparel retailer's same-store sales slumped.

Amazon.com Coming to Shanghai's Free-Trade Zone

Wall Street Journal: US Business - 6 hours 35 min ago
Amazon.com plans to set up operations in Shanghai's new free-trade zone, a major move that will allow it to sell more merchandise from abroad in China and help boost competition against rivals like Alibaba.

JA Solar Profit Rises

Wall Street Journal: US Business - 6 hours 57 min ago
JA Solar Holdings said it swung to a profit in the second quarter as a surge in its solar energy equipment shipments drove revenue sharply higher.

U.S. Airstrike Success Spurs Push for More Iraq Attacks

Wall Street Journal: US News - 8 hours 52 min ago
The U.S.'s recent success in weakening Islamic State extremists is creating momentum for a broader campaign that could take American air power to the militant group's heartland northwest of Baghdad.

Europe's Brewers Hurt by Russia

Wall Street Journal: US Business - 8 hours 56 min ago
Some of Europe's biggest brewers are being walloped by lower consumer spending in Russia, amid its standoff with the West over Ukraine and in the wake of Moscow's recent drive to restrict beer marketing.

Glencore Swings to Profit

Wall Street Journal: US Business - 8 hours 56 min ago
Glencore promised to return more cash to shareholders as it swung to a first-half net profit as increased output following the mining and commodities-trading group's acquisition of Xstrata boosted profit.

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