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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.
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