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The European Union is giving Lithuania the green light to adopt the euro currency starting next year. Ministers from the 28-nation bloc on Wednesday cleared the final legal hurdle for Lithuania to become the 19th member of the currency zone encompassing some 330 million people.
Whirlpool Corp. on Wednesday reported net income that declined by 9.6 percent in its second quarter, and missed analysts’ expectations.
Regulators are expected to vote Wednesday to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors.
Chrysler is recalling up to 792,300 older Jeep SUVs worldwide because the ignition switches could cause engine stalling.
Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless.
Harley-Davidson Inc. on Tuesday reported net income that climbed by 30 percent in its second quarter, and topped analysts’ expectations.
Comcast Corp.’s second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated.
CIT Group will buy privately owned OneWest Bank in a $3.4 billion cash-and-stock deal. OneWest runs 73 retail branches in southern California.
The meat supplier at the center of China’s latest food scandal is a unit of Aurora-based OSI Group, a major beef and chicken supplier to McDonald’s restaurants. OSI Group issued a statement Monday saying it has launched its own investigation into a report on China’s Dragon TV that workers at its factory in Shanghai were caught on camera reprocessing expired and discarded meat, including picking up meat off of the floor and mixing fresh meat with meat older than the expiration date.
Karl Albrecht, co-founder of the Aldi grocery store empire and one of the world’s richest people, has died in the western German city of Essen. He was 94.
Botox-maker Allergan says it is cutting about 13 percent of its workforce, or roughly 1,500 employees, as part of a push to become more efficient and productive.
Tesco says chief executive officer Philip Clarke will be stepping down after the latest earnings figures showed Britain’s largest retailer by revenue struggled at home.
Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Steel Dynamics, based in Fort Wayne, Ind., is buying a plant in northeast Mississippi.
Oil and gas drilling firm Halliburton Co. said Monday its second-quarter earnings rose 20 percent, and it raised its share buyback authorization to $6 billion.