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Exxon profit surges, production slips

Posted: 07/31/2014 - Exxon Mobil Corp. net income rose 28 percent in the second quarter on a sale of Asian assets and higher oil prices, but oil and gas production slipped 6 percent, disappointing analysts.

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Toyota is on top

Posted: 07/31/2014 - The numbers are in, and Toyota remains the world's largest automaker this year, so far.

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FAA proposes to fine Southwest Airlines $12M

Posted: 07/28/2014 - The Federal Aviation Administration said Monday it is proposing a $12 million civil fine against Southwest Airlines for failing to comply with safety regulations related to repairs on Boeing 737 jetliners.

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Dollar Tree buying Family Dollar for $8.5 billion

Updated: 07/28/2014 - Stockholders of Family Dollar Stores will receive $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree for each share they own. The companies put the value of the transaction at $74.50 per share.

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GM's earnings take a fall

Updated: 07/24/2014 - General Motors' second quarter earnings fall 85 percent from last year. Recall costs have cost the company $1.5 billion dollars.

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China food scandal hits McDonald's, KFC

Posted: 07/21/2014 - An American-owned meat factory operating in China has been accused of selling out-of-date and tainted meat to clients including McDonald's and Yum Brands, which owns the KFC, Taco Bell and Pizza Hut chains.

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Microsoft to slash up to 18,000 jobs

Posted: 07/17/2014 - The layoffs equal about 14 percent of the company's workforce, as it cuts the size of its recent Nokia acquisition and trims other operations.

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