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The woes of troubled Portuguese bank Banco Espirito Santo deepened Thursday as its share price plunged on the Lisbon stock exchange, a day after it reported a record half-year loss of 3.58 billion euros ($4.8 billion).
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Target names Pepsi's Cornell as chairman, CEO

The Associated Press  |  posted 13 minutes ago
Target has hired Pepsi executive Brian Cornell as its new chairman and CEO as it looks to recover from a huge data breach and troubles in Canada.
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Michigan inmates may get costly hepatitis C drug

The Associated Press  |  posted 53 minutes ago
A new hepatitis C treatment that costs $1,000 pill is expected to be available to Michigan inmates.
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Fast food ambitions in China hurt by safety scares

Joe McDonald, Associated Press  |  posted Jul 31st - 3:00am
Already China's biggest restaurant operator with 4,600 outlets, KFC is pursuing Chinese consumers so avidly it opens two more every day.
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World stocks drift after US Fed stays course

Kay Johnson, Associated Press  |  posted Jul 31st - 2:50am
Global stock markets were uninspired by an upbeat report on the U.S. economy, with most drifting lower Thursday after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected. Investors are now reckoning with an expiry date for the lavishly easy monetary policy that has underpinned gains in global stock markets for several years.
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Target hires PepsiCo exec Brian Cornell as new chairman and CEO as it works to recover

The Associated Press  |  posted 23 minutes ago
Target hires PepsiCo exec Brian Cornell as new chairman and CEO as it works to recover.
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Philippine central bank raises interest rate

The Associated Press  |  posted 33 minutes ago
The Philippine central bank has raised its key interest rate by a quarter percentage point to counter inflation.
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German machinery industry hit by Russia tensions

The Associated Press  |  posted 33 minutes ago
A group representing Germany's machinery industry revised its output forecast sharply lower on Thursday, pointing to the effects of political tension with Russia and the wider uncertainty it has caused.
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Lloyds reports big drop in profits amid charges

The Associated Press  |  posted Jul 31st - 4:20am
The part-nationalized Lloyds Banking Group says its six-month net profit more than halved to 699 million pounds ($1.45 billion) after it put aside another 600 million pounds to cover the cost of improperly sold payment protection insurance.
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Panel wants TEPCO execs charged over nuke crisis

Mari Yamaguchi, Associated Press  |  posted Jul 31st - 4:20am
A Japanese judicial panel has recommended that three former executives of the utility that operates the damaged Fukushima nuclear plant face criminal charges over their role in the disaster.
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Eurozone inflation drops further to 0.4 percent

Juergen Baetz, Associated Press  |  posted Jul 31st - 4:20am
The inflation rate in the 18-nation eurozone dropped again in July, official data showed Thursday, likely adding pressure on the European Central Bank to beef up its efforts to spur the economy.
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Volkswagen 2nd quarter profit up but revenue slips

The Associated Press  |  posted Jul 31st - 4:20am
Germany's Volkswagen, Europe's biggest automaker, says its net income rose 14.1 percent in the second quarter although revenues slipped even as unit sales pushed higher.
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Russia ordered to pay another $2.5 bln for Yukos

The Associated Press  |  posted Jul 31st - 3:50am
The European Court of Human Rights has ordered Russia to pay out nearly 1.9 billion euros ($2.5 billion) to shareholders of Yukos, the oil producer that the government had dismantled over a decade ago.
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Grant helps ISU teach about 'smart grid'

The Associated Press  |  posted Jul 31st - 3:31am
A $450,000 grant to Illinois State University will help teachers and their students learn more about cutting-edge electricity distribution.
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Panasonic, Tesla to build big US battery plant

Yuri Kageyama, Associated Press  |  posted Jul 31st - 3:20am
American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs.
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Adidas issues profit warning on Russia risks

Geir Moulson, Associated Press  |  posted Jul 31st - 3:01am
Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.
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