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Business News
Target cuts annual profit outlook
NEW YORK (AP) -- Target slashed its annual profit outlook as the retailer continues to reel from a massive data breach, a disappointing 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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Some Bank of England board members seek rate hike
LONDON (AP) -- Consensus among policymakers at the Bank of England has been shattered, with two of nine members of the monetary policy committee voting to increase interest rates from a record low of 0.5 percent....
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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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