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Business News
Some Bank of England board members seek rate hike
LONDON (AP) -- The Bank of England's consensus on maintaining record-low interest rates has crumbled after more than three years, with two members of the central bank's monetary policy committee voting to increase borrowing costs this month....
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Target cuts annual profit outlook
NEW YORK (AP) -- Target Corp. slashed its annual profit outlook as the discounter continues to reel from costs related to a massive data breach, a botched expansion in Canada and sluggish sales in the U.S....
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Lowe's 2Q profit rises as weather improves
MOORESVILLE, N.C. (AP) -- Lowe's second-quarter net income increased 10 percent, bolstered by improving weather....
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Glencore swings to profit, announces buyback
GENEVA (AP) -- Commodities and mining group Glencore PLC says it will buy back up to $1 billion of its own shares as profit for the first half of the year rose 8 percent....
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China fines 12 Japanese firms in auto price probe
BEIJING (AP) -- China announced Wednesday it will fine 12 Japanese auto parts suppliers a total of $202 million for colluding to raise prices in an unfolding anti-monopoly probe of the country's auto industry....
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