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GE's Profit Falls as Power Division Remains a DragGE's Profit Falls as Power Division Remains a Drag

General Electric’s second-quarter profit dropped 30% as the company’s power division continued to offset growth in other major units.

Honeywell Increases Sales Guidance Despite Posting Lower ProfitHoneywell Increases Sales Guidance Despite Posting Lower Profit

Honeywell raised its financial guidance for the year as sales rose in its latest quarter, even as profit fell.

Global Oil Industry Prepares for a RevivalGlobal Oil Industry Prepares for a Revival

Oil producers are ordering more equipment and lining up drilling rigs for later this year, according to top industry executives, indications that international activity is picking up.

Facebook Suspends Analytics Firm on Concerns About Sharing of Public User-DataFacebook Suspends Analytics Firm on Concerns About Sharing of Public User-Data

Facebook said it was suspending analytics firm Crimson Hexagon while it investigates whether the firm’s government contracts violate Facebook policies.

Disney Fires 'Guardian of the Galaxy' Director Over Offensive TweetsDisney Fires 'Guardian of the Galaxy' Director Over Offensive Tweets

Walt Disney Co. Friday severed its relationship with James Gunn, who previously directed two “Guardians of the Galaxy” movies. He was expected to soon start work on a third.

Trump's Emerging Economic Policy: Picking Winners and LosersTrump's Emerging Economic Policy: Picking Winners and Losers

The president’s unorthodox approach to economic policy could harm some U.S. industries with tariffs, but it also includes concrete plans to maintain America’s technological edge.

Trump Continues Fed Criticism, Renews Threat on China ImportsTrump Continues Fed Criticism, Renews Threat on China Imports

President Trump continued his criticism of the Federal Reserve, saying higher rates hurt the U.S. economic expansion, and accused China and Europe of manipulating their currencies to hurt the U.S. on trade.

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