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Business News
Reynolds American 1Q profit falls more than 28 pct
RICHMOND, Va. (AP) -- Reynolds American Inc. says its first-quarter profit fell more than 28 percent as the company experienced lower cigarette sales and higher spending on its electronic cigarettes and legal costs....
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Procter & Gamble 3rd-quarter results mixed
CINCINNATI (AP) -- Procter & Gamble Co.'s fiscal third-quarter net income rose 2 percent, bolstered by some lower expenses and a reduced tax rate....
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Luxury automakers scramble to woo young Chinese
BEIJING (AP) -- At age 32, Jason Jia already is the kind of customer luxury automakers are seeking as competition grows in China's lucrative but crowded market....
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Shares mixed on lackluster China data
TOKYO (AP) -- Shares were mixed Wednesday, as weak data from China sapped the upward momentum from an overnight rally on a flurry of deals in the pharmaceutical sector....
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Valeant, Ackman make $45.6B Allergan bid
NEW YORK (AP) -- Valeant Pharmaceuticals and activist investor Bill Ackman have unveiled details of their offer to buy Botox maker Allergan, proposing a cash-and-stock deal that could be worth about $45.6 billion....
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