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MGM Resorts pitches profit plan, 2Q results beat forecasts

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LAS VEGAS (AP) — Casino giant MGM Resorts International has a cost-cutting and revenue-boosting plan it says will earn it an extra $300 million annually before taxes and other costs by 2017, with most centering on...

Companies use Drake-Meek Mill feud as a marketing tool

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WASHINGTON (AP) — Corporate America has jumped into the feud between hip-hop artists Drake and Meek Mill on the outside chance that taking a bite out of their social media beef might help them woo millennial...

Caesars posts 2Q profit without bankrupt subsidiary

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LAS VEGAS (AP) — Caesars Entertainment Corp.'s new president and CEO said Tuesday the company is getting savvier at deciding which gamblers get freebies and which don't, helping to boost its profit margins for...

IMF signals delay on adding China to currency basket

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WASHINGTON (AP) — The staff of the International Monetary Fund is recommending that China wait until at least October 2016 to join an exclusive club of the world's top currencies.

China wants its currency,...

Cord-cutting clouds Disney outlook despite 3Q earnings beat

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LOS ANGELES (AP) — Cord-cutting loomed over Disney's quarterly earnings, as a loss of ESPN subscribers caused Disney to taper its TV profit outlook.

Despite beating profit expectations in the April-June...

Intec Pharma shares flat in stock market debut

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NEW YORK (AP) — Shares of Israeli drug developer Intec Pharma Ltd. ended their stock market debut unchanged Tuesday while the broader markets declined.

Intec raised more than $30 million in its initial public...

Large explosion rocks southeast Missouri aluminum plant

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MARSTON, Mo. (AP) — A massive explosion rocked a southeast Missouri aluminum plant Tuesday, injuring some workers and creating a plume of smoke that could be seen for miles.

The explosion and fire occurred...

Travelers CEO to step down in December, cites health issues

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HARTFORD, Conn. (AP) — The Travelers Cos. Inc. said Tuesday that Chairman and CEO Jay S. Fishman will step down as CEO on Dec. 1 due to health problems. The company said Alan D. Schnitzer, head of the insurance...