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| BP\'s Hayward Defends Tenure, Spill Response Tony Hayward, the departing chief executive of BP, is unrepentant about how the energy giant responded to the U.S.\'s largest offshore oil spill. |
| Merck\'s Profit Falls 52% Pharmaceutical giant Merck said its earnings dropped 52%, weighed down by acquisition and other charges and weaker sales of key drugs. |
| BA, Virgin Sound Optimistic British Airways and Virgin Atlantic signaled that the pace of recovery is picking up after one of the toughest economic downturns in decades. |
| Oil Prices Lift Total\'s Profit French oil major Total posted a 43% increase in second-quarter net profit, boosted by stronger production, higher oil prices and a stronger dollar. |
| Cheung Kong Buys EDF\'s U.K. Assets A consortium led by Cheung Kong Infrastructure agreed to pay $9.05 billion for Electricite de France\'s U.K. electricity distribution networks. |