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SAP Raises Full-Year Revenue and Margin Forecasts (Update1)
By Andreas Hippin July 29 (Bloomberg) -- SAP AG, the world's biggest maker of business-management software, raised its revenue and margin forecasts for this year after second-quarter license sales beat analysts' estimates.
Wrigley 2nd-quarter results top estimates
By Erin Zureick CHICAGO (Reuters) - US chewing gum maker Wm Wrigley Jr Co, which is being acquired by Mars Inc, posted better-than-expected profit, boosted by price increases, improved margins and a weak US dollar that helped increase sales.
Food Makers Report Profits as Eating in Gains Favor
By AP Kraft Foods, the nationís largest food and beverage maker, reported growth in the second quarter Monday, as consumers abandoned restaurants for less costly meals at home.
Oil Rises a Second Day on Concern Nigeria Violence Will Worsen
By Grant Smith July 29 (Bloomberg) -- Crude oil rose for a second day on concern that attack on a Royal Dutch Shell Plc pipeline in Nigeria signaled a renewed campaign by militants.
Starbucks Shuts Stores, Backing Away From Australia (Update1)
By Iain Wilson and Daniel Petrie July 29 (Bloomberg) -- Starbucks Corp., the world's largest coffee-shop chain, will close three-fourths of its stores in Australia within the next five days, backing away from a market it entered eight years ago.
US, China, India Dispute Leaves Global Trade Talks at Impasse
By Jennifer M. Freedman July 29 (Bloomberg) -- World Trade Organization talks entered their ninth day as a standoff between India and China on one side and the US on the other threatened to derail efforts to reach a global accord liberalizing commerce.
2nd UPDATE: SAP 2Q Beats Views; Fiscal Year Guidance At Top-End
By Archibald Preuschat FRANKFURT -(Dow Jones)- SAP AG's (SAP) shares rose Tuesday after second quarter results beat expectations, and the business software company forecast full-year sales and operating margin to be at the top-end of its guidance.
Sony Q1 profit down on mobile phones, Matsushita up
By Kiyoshi Takenaka TOKYO (Reuters) - Sony Corp (6758.T) posted a bigger-than-expected 47 percent fall in quarterly profit and cut its outlook, hurt by its struggling mobile phone joint venture with Sweden's Ericsson (ERIC).
Alcatel-Lucent's Russo, Tchuruk to Quit; Loss Widens (Update2)
By Rudy Ruitenberg July 29 (Bloomberg) -- Alcatel-Lucent SA, the world's largest supplier of fixed-line phone networks, said Chief Executive Officer Patricia Russo and Chairman Serge Tchuruk quit after the sixth straight quarterly loss.
Merrill to Sell $8.5 Billion of Stock, Unload CDOs (Update3)
By Bradley Keoun and Christine Harper July 29 (Bloomberg) -- Merrill Lynch & Co., the third- biggest US securities firm, will sell $8.5 billion of stock and liquidate $30.6 billion of bonds at a fifth of their face value to shore up credit ratings.