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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 15 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 54 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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Target hires PepsiCo exec Brian Cornell as new chairman and CEO as it works to recover

The Associated Press  |  posted 25 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 34 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 35 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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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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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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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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