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Business News
Daimler revenue up; profit drops after 1-time gain
BERLIN (AP) -- Automaker Daimler AG reported a 6 percent increase in second-quarter revenue and confirmed its full-year targets on Wednesday as new models and cost-cutting efforts helped its performance, though net profit declined sharply after a big one-time gain last year....
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Ackman goes after Herbalife's nutrition clubs
NEW YORK (AP) -- Activist investor Bill Ackman once again denounced weight loss and nutritional supplements company Herbalife as a pyramid scheme, but Wall Street shrugged off his criticism and sent the company's stock soaring 25 percent Tuesday....
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Discover Financial's 2Q profit jumps 7 percent
LOS ANGELES (AP) -- Discover Financial Services' net income grew 7 percent in the second quarter as credit card spending and overall loans increased from a year ago. The results beat Wall Street's expectations....
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Chrysler recalls Jeep SUVs for ignition switches
DETROIT (AP) -- The ignition switch defects that engulfed General Motors are now a rapidly growing problem at Chrysler....
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Contrarian's case: Why US could dip into recession
NEW YORK (AP) -- Just as the U.S. economy is strengthening, other countries are threatening to drag it down....
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