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  • SHANGHAI, July 23- Shanghai police said on Wednesday they detained five people in an investigation into a Chinese-based supplier of foreign fast-food brands, including KFC, McDonald's Corp and coffee chain Starbucks Corp, over allegations the firm supplied old and rotten meat.

  • Government drafting birth control accommodation Tuesday, 22 Jul 2014 | 8:16 PM ET

    WASHINGTON— The Obama administration is developing a new way for religious nonprofits that object to paying for contraceptives in their health plans to opt out, without submitting a form they say violates their religious beliefs.

  • CALGARY, Alberta, July 22- Canada's largest pipeline company Enbridge Inc may build a 140,000 barrel per day unit train unloading terminal in Pontiac, Illinois, to relieve congestion on its crude oil export network.

  • Discover Financial's 2Q profit jumps 7 percent Tuesday, 22 Jul 2014 | 5:02 PM ET

    LOS ANGELES— Discover Financial Services' net income grew 7 percent in the second quarter as credit card spending and overall loans increased from a year ago. The results beat Wall Street's expectations.

  • July 22- McDonald's Corp feels "a bit deceived" by the audit it received for Shanghai Husi Food Co Ltd, a China supplier that was shut down this week after a TV report showed workers mishandling meat, Chief Executive Don Thompson said on Tuesday.

  • Exxon Mobil says it'll follow new anti-bias rules Tuesday, 22 Jul 2014 | 4:04 PM ET

    IRVING, Texas— Exxon Mobil Corp. has said it will comply with the new protections for gay and transgender employees required of federal contractors, while still sidestepping the question of whether it will formalize that by changing the language of its corporate policy.

  • Ackman goes after Herbalife's nutrition clubs Tuesday, 22 Jul 2014 | 4:00 PM ET

    NEW YORK— Activist investor Bill Ackman fired his latest salvo at the weight loss and nutritional supplements company Herbalife on Tuesday, alleging that one of the business models used by its distributors is evidence that the company operates as an illegal pyramid scheme.

  • Illinois governor signs bill for $1.1 billion of bonds Tuesday, 22 Jul 2014 | 3:14 PM ET

    CHICAGO, July 22- Illinois Governor Pat Quinn on Tuesday signed legislation to fund state-wide transportation projects with $1.1 billion of bonds. However, according to Abdon Pallasch, the state's assistant budget director, no bond sales are currently planned for the rest of 2014..

  • July 22- U.S. motorcycle maker Harley Davidson Inc came late to the offshoring game. For Harley-Davidson, they turned a happy debut into a near-debacle, as its second-quarter earnings released on Tuesday showed.

  • July 22- McDonald's Corp Chief Executive Don Thompson said the company feels "a bit deceived" by the audit it received for China supplier Shanghai Husi Food Co Ltd, which was shut down after a television report showed workers mishandling meat and mixing fresh meat with product past its expiration date.

  • Chinese woman in seed corn case released on bond Tuesday, 22 Jul 2014 | 12:31 PM ET

    Mo Yun, a 42- year-old who was charged in this month with conspiring to steal trade secrets, was allowed to post $250,000 bond, must wear a GPS monitor and stay in a home in the Des Moines area between 10 p.m. and 7 a.m. daily.

  • NEW YORK, July 22- A federal appeals court on Tuesday ordered Travelers Cos Inc to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer's coverage of insulation maker Johns-Manville Corp, a policyholder that spent six years in bankruptcy during the 1980 s.

  • ND wants specifics on backlogged grain shipments Tuesday, 22 Jul 2014 | 11:03 AM ET

    BISMARCK, N.D.— North Dakota's congressional delegation is pressing Canadian Pacific Railway to provide details of its backlog of grain shipments, saying farmers need detailed information with fall harvest fast approaching. But Sen John Hoeven, R- N.D., Sen. Heidi Heitkamp, D- N.D., and Rep.

  • Grain higher, livestock mostly higher Tuesday, 22 Jul 2014 | 10:53 AM ET

    CHICAGO— Grain futures were higher Tuesday in early trading on the Chicago Board of Trade. Wheat for Sept delivery was unchanged at $5.30 a bushel; Sept corn was 1.25 cents higher at $3.6525 a bushel; Dec oats were unchanged at $3.25 a bushel; while Nov soybeans was 1.50 cents higher at $10.72 a bushel.

  • McDonald's profit slips; US sales decline Tuesday, 22 Jul 2014 | 8:24 AM ET

    OAK BROOK, Ill.— McDonald's Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag. The company, based in Oak Brook, Illinois, hasn't managed to raise the figure since October. A stronger performance in the unit encompassing Asia, the Middle East and Africa helped offset a decline in Europe.

  • July 22- Harley-Davidson Inc reported a higher-than-expected quarterly profit on Tuesday but cut its full-year forecast for motorcycle shipments, citing weaker-than-expected U.S. retail sales and a delay in getting its newest bike into dealer showrooms.

  • USDA: Illinois corn, soybean crops faring well Tuesday, 22 Jul 2014 | 4:01 AM ET

    SPRINGFIELD, Ill.— The U.S. Department of Agriculture says Illinois' corn crop is maturing faster than normal and faring well. The USDA says in its weekly crop-status update that 81 percent of the state's corn is rated as either good or excellent. Eighty-two percent of the crop is silking, 12 percentage points better than the average of the previous five years.

  • NEW YORK, July 21- Coca-Cola Co may have annual profits of about $9.3 billion, but that princely sum could fall short of what the world's largest soda maker needs to tempt would-be franchisees into taking over more of its regional bottling operations.

  • Pennsylvania sees 3rd rating downgrade in 2 years Monday, 21 Jul 2014 | 3:36 PM ET

    HARRISBURG, Pa.— Pennsylvania received its third bond downgrade in two years Monday, after Gov.

  • SHANGHAI/ LOS ANGELES, July 21- Yum Brands Inc and McDonald's Corp are facing a new food safety scare in China, denting the fast-food companies' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.