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GE 2nd-quarter profit rises 13 percent

Fri, 07/18/2014 - 7:08am
General Electric Co. (GE) on Friday reported earnings that rose by 13 percent in its second quarter.
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GE Posts Second-quarter Operating Earnings Of 39 Cents a Share

Fri, 07/18/2014 - 7:01am
General Electric Co. on Friday said second-quarter operating earnings were $3.9 billion, or 39 cents a share, compared with $3.7 billion, or 36 cents a share, a year ago.
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AbbVie, Shire agree on approx $55 billion combination, will form new UK incorporated company

Fri, 07/18/2014 - 6:43am
U.S. drugmaker AbbVie has finally reached an agreement valued at around $55 billion to combine with Shire after its British counterpart rebuffed several takeover attempts.
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AbbVie Confirms $54 Billion Merger With Shire

Fri, 07/18/2014 - 5:30am
U.S. drug maker AbbVie Inc. said on Friday it will buy Irish pharmaceutical firm Shire PLC in a deal valued at $54 billion, a move that could release it from U.S. corporate taxes.
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Volvo Q2 profit up on cost savings, effiency schemes; sales remain flat

Fri, 07/18/2014 - 5:08am
Swedish truck maker AB Volvo says profit in the second quarter jumped 21 percent on the back of cost savings, efficiency schemes and streamlined production.
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MH17 Crash: Second Black Box Retrieved By Emergency Crew

Fri, 07/18/2014 - 4:24am
Emergency workers at the crash site of the downed Malaysia Airlines jet on Friday recovered a second black box from the plane, according to media reports.
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Asia Stocks: Markets Close Mixed

Fri, 07/18/2014 - 4:16am
Here are the closing levels for Asia's major stock markets: Tokyo (Nikkei Average) down 1% ; Hong Kong (Hang Seng Index) down 0.3% ; Shanghai (Shanghai Composite Index) up 0.2% ; Sydney (S&P/ASX 200) up 0.2% ; Seoul (Kospi) down 0.1% ; Taipei (Taiex) down 0.1% Copyright © 2014 MarketWatch, Inc.
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Sweden's Ericsson Q2 profit surges, sales marginally down

Fri, 07/18/2014 - 4:07am
Wireless equipment maker Ericsson says second-quarter profit rose 76 percent to 2.7 billion kronor ($394 million) mainly due to higher margins on its premium products, lower restructuring charges and improved overall efficiency.
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Russian Stocks Fall In Wake Of Civilian-jet Crash

Fri, 07/18/2014 - 3:24am
Russian stocks were headed for the worst weekly losses since March as equities continue to move south on Friday in the wake of the crash of a civilian jetliner in Ukraine.
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Shooting down of Malaysia Airlines plane could force airlines into costly route changes

Fri, 07/18/2014 - 3:02am
The possibility that the civilian jetliner downed over war-torn eastern Ukraine with nearly 300 people onboard was hit by a missile could have profound consequences for the world's airlines.
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Oil price soars to nearly $104 on Ukraine crisis after Malaysian jet shot down

Fri, 07/18/2014 - 2:40am
The price of oil continued to climb on Friday, reaching nearly $104 a barrel on concerns that the tensions over Ukraine and new sanctions against Russia could disrupt global supplies.
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China's Government Worried About Real-estate Glut

Fri, 07/18/2014 - 1:51am
China's newly installed Housing and Urban-Rural Development Minister Chen Zhenggao told local regulators to "try all means to deplete the real-estate inventory" in the second half of this year, according a 21st Century Business Herald report Friday.
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Asian stocks rattled as jetliner downed over Ukraine, Israel mounts Gaza ground offensive

Fri, 07/18/2014 - 1:43am
Asian stock markets fell Friday, unnerved by a ratcheting up of global political tensions after a Malaysian jetliner was shot down over Ukraine and Israel launched a ground offensive in the Gaza Strip.
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Malaysia Airlines Stock Plunges

Fri, 07/18/2014 - 1:32am
Shares in Malaysia Airlines System Bhd ended Friday morning trading 11% lower, at one point falling as much as 18%, after the apparent shooting down of one of its passenger jets over Ukraine.
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As more states legalize pot for fun and medicine, edibles industry burgeons

Fri, 07/18/2014 - 1:17am
Move over, pot brownies.
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Mercedes-Benz, BMW Face Fines Amid China's Antitrust Storm

Fri, 07/18/2014 - 12:55am
Foreign luxury-car makers -- including Daimler AG's Mercedes-Benz, fellow German auto producer BMW AG , and Jaguar Land Rover, owned by India's Tata Motors Ltd. -- may become the targets of China's ongoing antitrust campaign, a Chinese state-media report said Friday.
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Hit by double disasters, Malaysia Airlines may become tainted for travelers, never recover

Fri, 07/18/2014 - 12:53am
Hit by two astonishing tragedies in quick succession, the Malaysia Airlines brand may become the airline industry's equivalent of asbestos or News of the World: toxic to the public and, experts say, impossible to redeem.
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Discontinued Nokia X phones suffered from improvements in Microsoft system, lack of identity

Fri, 07/18/2014 - 12:02am
The Nokia X phones that Microsoft discontinued this week blend two rival operating systems, but leave out the best of each.
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Asia Stocks: Latest Quotes

Thu, 07/17/2014 - 11:08pm
Here are the latest trading levels for Asia's major stock markets: Tokyo (Nikkei Average) down 1.1% (at break) ; Hong Kong (Hang Seng Index) down 0.3% ; Shanghai (Shanghai Composite Index) up 0.4% ; Sydney (S&P/ASX 200) up 0.1% ; Seoul (Kospi) down 0.4% Taipei (Taiex) up 0.1% Copyright © 2014 MarketWatch, Inc.
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Hong Kong Stocks Fall As Global Sell-off Spreads

Thu, 07/17/2014 - 9:57pm
As a broad sell-off spread from U.S. and European markets to Asia, triggered by the Malaysia Airlines crash near the Ukraine-Russia border, Hong Kong stocks felt the pain on Friday morning, with the Hang Seng Index falling 0.9%, marking the biggest decline in more than a week.
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