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Wall Street rises after China market steadies

- U.S. stocks surged on Tuesday and were on track to break a five-day losing streak as attention shifted from trouble in Chinese equities to U.S. corporate earnings and speculation the first Federal Reserve interest rate hike may not come until December.

Recent Business News

Denials fly in war of nerves over Greek debt talks

ATHENS/BRUSSELS - Conflicting statements and denials flew between Athens and Brussels on Tuesday in a war of nerves highlighting the depth of mutual mistrust over a new round of negotiations on an 86 billion euro bailout that started this week. | Video

1:08pm EDT

BP profits slump after huge oil spill charge

LONDON - BP's second-quarter profit slumped by nearly two thirds from last year as it grappled with lower oil prices, a write off in Libya and a $10.8 billion charge for the 2010 crude spill in the Gulf of Mexico. | Video

10:08am EDT

Hikma to buy Boehringer's U.S. generics unit for $2.65 billion

- Hikma Pharmaceuticals Plc said it would buy German drugmaker Boehringer Ingelheim's U.S. specialty generic drugs business for about $2.65 billion in cash and stock to bolster its presence in the United States.

3:25am EDT

Cerberus leads U.S. investors gobbling up Europe's bank loans

LONDON - Cerberus, the private equity firm named after the mythical three-headed dog guarding the gates of Hades, is leading a charge by U.S. investors who are snapping up European loans at knockdown prices.

DuPont sees 'challenging' months ahead as farm sales weaken

- Chemical and crop company DuPont said the remainder of the year would be "challenging", as a strong dollar and persistently weak demand for its farm products continue to chip away at sales.

2:50pm EDT

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