Business
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Gilead beats Street 2Q forecasts on surge in sales, profit
Associated Press | July 28, 2015 2:07 pmTruvada, Stribild and Complera — catapulted to become the world’s ninth-biggest drugmaker by revenue, up from No. 20 last year, propelled by Harvoni and, to a lesser extent, by Sovaldi. That was launched in December 2013, followed by Harvoni last October.
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In Tech: New Motorola smartphones; faster future memory chip
Associated Press | July 28, 2015 1:07 pmthe Moto G, Moto X Play and Moto X Style — will appeal largely to people who have to pay full prices for phones, rather than discounted prices that come with two-year service contracts.
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Correction: San Francisco-Soda Warning story
Associated Press | July 28, 2015 10:07 amIn a story July 26 about a lawsuit against San Francisco by the American Beverage Association, The Associated Press reported erroneously where the city’s health warning labels would be posted. The labels are to be placed on advertisements for certain sugary drinks, not on the beverages.
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Freeport-McCoRan launches business review to cut costs
Associated Press | July 28, 2015 10:07 amShares of Freeport-McMoRan jumped Tuesday after the company said it has started reviewing its mining and oil and gas businesses to look for cost-cutting opportunities in the face of weak markets for its products. The Phoenix company plans to complete the review and report on revised plans during the third quarter. It will look for […]
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SuperValu may spin off Save-A-Lot into separate company
Associated Press | July 28, 2015 6:07 amSuperValu said Tuesday that it may spin off its discount grocer Save-A-Lot into a separate publicly traded company as competition in the industry intensifies.
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DuPont cuts forecast on agriculture sales drop
Associated Press | July 28, 2015 6:07 amDuPont’s second-quarter profit fell 12 percent, and the chemical company lowered its forecast for the year after a stronger dollar and a sales drop in its agriculture segment affected results.
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UPS 2Q profit beats Street as overseas business improves
Associated Press | July 28, 2015 6:07 amOverseas business helped UPS during its second quarter, as did the absence of a hefty charge recorded a year ago.
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Merck tops Street 2Q forecasts despite lower sales, profit
Associated Press | July 28, 2015 5:07 amand bringing in billions of dollars a year.
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Drugmaker Pfizer tops Street 2Q forecasts, raises forecast
Associated Press | July 28, 2015 5:07 amPfizer’s second-quarter earnings fell 10 percent, as the largest U.S. drugmaker absorbed revenue hits from a stronger U.S. dollar and the loss of patent protection for some key products. But the maker of Viagra and the painkiller Celebrex topped expectations for the quarter and raised its 2015 forecast.
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Reynolds American beats 2Q profit forecasts
Associated Press | July 28, 2015 5:07 amReynolds American reported a surge in second-quarter profit with cigarette prices and volume rising.
