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Friday, July 29, 2016

New York Times Business

Barclays Profit Down as It Accelerates Plans to Close Some Business

6 hours 35 minutes ago
James E. Staley, the Barclays chief executive, has said that selling noncore businesses was a key to unlocking the bank’s earnings potential. by CHAD BRAY

The Interpreter: D.N.C. Hack Raises a Frightening Question: What’s Next?

6 hours 50 minutes ago
With Russia accused of injecting itself into the American presidential race, analysts worry that such attacks could become a routine element of geopolitics. by AMANDA TAUB

UBS Profit Slipped 14% in Second Quarter but Beat Estimates

7 hours 42 minutes ago
Client uncertainty about the financial markets continued to weigh on activity in the Swiss bank’s wealth management and investment banking businesses. by CHAD BRAY

BOJ Eases Policy With Modest Increase in ETF Buying

11 hours 38 minutes ago
The Bank of Japan expanded monetary stimulus on Friday through a modest increase in purchases of exchange-traded funds (ETF), yielding to pressure from the government and financial markets for bolder action to spur growth and accelerate inflation towards its 2 percent target. by REUTERS

Google Silences Doubters With Blockbuster Quarter

It was a major recovery from a lukewarm previous quarter, proving that the internet behemoth still has room and energy to grow. by DAVID STREITFELD

Amazon’s Profits Grow More Than 800 Percent, Lifted by Cloud Services

Amazon reported net income of $857 million, the second quarter in a row it has shown a record profit even as it invests heavily in its own growth. by NICK WINGFIELD

Trial on Sumner Redstone’s Mental Competence Set for October

The case centers on the dismissal of two Viacom officials from Mr. Redstone’s trust. The two are claiming he was not competent to make that decision. by EMILY STEEL

Megyn Kelly Stops By the Rumor Mill With Cameo at CNN Party

Nobody had spotted Ms. Kelly outside the Fox compound in Philadelphia all week. Then she made a midnight stop at the invitation-only CNN Grill. by MICHAEL M. GRYNBAUM

Denis Dubourdieu, Who Elevated Bordeaux White Wines, Dies at 67

Mr. Dubourdieu, a scientist, professor and winemaker, owned and managed several estates and educated a generation of French vineyard managers. by WILLIAM GRIMES

Chinese Company Now Largest Sotheby’s Shareholder

The Taikang life insurance company has a 13.5 percent stake in this auction house, or shares worth $233 million.

Google-Parent Alphabet Revenue Rises More Than Expected

Google-parent Alphabet Inc's revenue increased a bigger-than-expected 21.3 percent in the second quarter, driven by strong advertising sales on mobile devices and for video content. by REUTERS

Amazon Revenue Beats Estimates as Cloud Sales Surge

Yesterday Inc reported a better-than-expected rise in quarterly revenue, powered by blockbuster growth in its cloud services unit and an increase in subscriptions for its Prime loyalty program. by REUTERS

‘Beavis & Butt-head’ to Return on a Rebranded VH1 Classic

MTV’s parent company, Viacom, is rebranding VH1 Classic as MTV Classic, and digging into the archives for shows from the 1990s and 2000s. by MIKE McPHATE

French Utility to Build Britain’s First Nuclear Plant in Years

The project could well be seen as a vote of confidence in Britain’s future, barely a month after it voted to leave the European Union. by STANLEY REED

Wheels: At Pebble Beach, Where Rare Is Common, a Shelby Cobra Stands Out

Except for long-ago viewings, the 427 model has remained mostly unseen for five decades. Next month, it joins the field at the concours in Carmel, Calif. by ROBERT C. YEAGER

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