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What's News : Business & Finance -- WSJ

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07/14/2018 | 08:48am CEST

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (July 14, 2018).

JPMorgan and Citigroup posted double-digit profit increases for the second quarter, as businesses and consumers showed confidence in economic growth by borrowing more.

Wells Fargo's profit fell 11%, due in part to escalating costs related to past misdeeds and weakness in several of its key businesses.

U.S. and Western officials are considering an emergency release of stockpiled oil if new supplies can't prevent another sharp rise in prices.

AT&T's chief said the company won't alter its plans for running Time Warner's media assets despite a U.S. appeal of the ruling that allowed the transaction.

The Fed, in its semiannual report to Congress, defended having the flexibility to set interest rates by using relatively new tools.

U.S. stocks rose, as a solid start to earnings season helped investors brush aside trade fears. The Dow gained 94.52 points to 25019.41

McDonald's pulled salads from 3,000 restaurants in 14 states after the products were linked to gastrointestinal illness.

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