Boeing 2Q profit tops expectations; boosts outlook

Boeing posted a bigger-than-expected second-quarter profit as it ramped up deliveries of commercial planes like its 737 and 787. The company also raised its full-year earnings guidance, and its shares rose nearly 2 percent in premarket trading. Boeing...

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Caterpillar 2Q profit falls 43 pct; cuts outlook

PEORIA, Illinois — Second-quarter earnings at Caterpillar fell 43 percent as dealers cut inventories more than the company expected. The world's largest maker of construction and mining equipment cut its profit and revenue outlook for the year. Caterpillar...

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Ford raises profit forecast on strong 2Q results

DEARBORN, Mich. — Ford Motor Co. reported better-than-expected earnings for the second quarter and raised its profit and sales forecasts for the year as strong U.S. pickup truck demand and growing sales in China offset persistent — but narrowing — losses...

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Probe links lithium battery to Dubai UPS crash

DUBAI, United Arab Emirates — A fast-moving fire that began in cargo containing lithium batteries turned the inside of a United Parcel Service plane into a "catastrophic" chain reaction of flames and smoke before a crash three years ago in the desert...

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PepsiCo beats expectations, stands by portfolio

NEW YORK — PepsiCo Inc. reported a better-than-expected quarterly profit on Wednesday and said its mixed portfolio played a role, underscoring its resistance to splitting up its drinks and snacks businesses. The company, which makes Gatorade, Tropicana,...

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US new-home sales jump to highest level in 5 years

WASHINGTON — Americans snapped up new homes in June at the fastest pace in five years, a sign the housing recovery is strengthening. Sales of newly built homes rose 8.3 percent last month to a seasonally adjusted annual rate of 497,000, the Commerce...

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Gov't needs $95.51 per share to break even on GM

DETROIT — General Motors stock would have to sell for $95.51 per share for taxpayers to break even on bailing out the company, according to a government watchdog's report released Wednesday. That price is about three times what GM shares are selling...

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La. flood board sues oil companies over erosion

NEW ORLEANS — The oil and gas industry has cost Louisiana hundreds of acres of coastal land that serve as a natural buffer against flooding from hurricanes, officials in charge of New Orleans-area flood protection say in a lawsuit seeking to hold dozens...

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Owner of burning Gulf rig considers relief well

NEW ORLEANS — The owner of a drilling rig that's ablaze in the Gulf of Mexico says it may drill a relief well as part of a plan to control the natural gas well that blew wild. A news release from Hercules Offshore Inc. says the relief well is among...

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Live Nation grooving to local grub at its concerts

This just might be music to foodies' ears. One of the nation's premier concert promoters is overhauling its concessions to serve only local produce and humanely-raised meats. Live Nation announced Wednesday that starting this week all produce served...

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