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Business

  • GM quarterly profit falls 85% on recall costs
    DETROIT – Recall expenses chopped $1.5 billion from General Motors’ bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.
  • China detains employees of suspect meat seller
    Five employees of a company accused of selling expired beef and chicken to McDonald’s, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the
  • Meat supplier in China scandal has global reach
    It isn’t a household name, but the company at the center of a food scandal in China helps make some of the world’s most popular foods, including the Big Macs and Quarter Pounders served at McDonald’s locations.
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Comcast to buy GE’s stake in NBCUniversal for $16.7 billion

NEW YORK – Comcast says it’s buying General Electric’s 49 percent stake in NBCUniversal joint venture for $16.7 billion.

Comcast Corp. had bought a majority stake in the television and movie company in 2011. It had planned to take a larger stake in it over time.

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