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Business News
Repsol Q2 profit down 30 percent due to restructuring costs
MADRID (AP) -- Spanish energy company Repsol has posted a net profit drop of 30 percent in the second quarter compared with the same period last year mainly because of workforce restructuring costs....
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SoftBank profit up 19 pct as Japan sales offset Sprint loss
TOKYO (AP) -- SoftBank Group Corp., the Japanese technology company that owns U.S. wireless carrier Sprint Corp., reported Thursday a fiscal first quarter profit of 254.2 billion yen ($2.4 billion), up 19 percent from the same period last year....
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Lloyds cuts 3,000 jobs as Brexit fears take shape
LONDON (AP) -- Lloyds Banking Group says it is cutting 3,000 more jobs and closing an additional 200 branches as it adjusts to changing consumer behavior and the uncertainty created by Britain's decision to leave the European Union....
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AstraZeneca says 2Q earnings fell 22 percent
LONDON (AP) -- Anglo-Swedish drugmaker AstraZeneca says second-quarter earnings fell 22 percent after sales of its blockbuster cholesterol drug Crestor dropped sharply after a generic alternative came on the market in the United States....
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Royal Dutch Shell says 2nd Q earnings fell 72 percent
LONDON (AP) -- Royal Dutch Shell says second-quarter earnings fell 72 percent as low oil prices challenge the profitability of the business....
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