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Facebook beats Wall Street targets, stock hits record high

SAN FRANCISCO - Facebook Inc's fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record-high in after-hours trading on Wednesday. | Video

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American Apparel appoints RadioShack CEO to board

- American Apparel Inc , a U.S. retailer dealing with high debt and management upheaval, said on Wednesday that the chief executive of another money-losing retailer would join its reshuffled board.

8:07pm EDT

Yum cuts ties to owner of China meat plant after scandal

SHANGHAI/LANGFANG China - Yum Brands Inc severed ties with OSI Group after Shanghai police detained five people from the supplier's China meat-processing factory at the center of a food-safety scare that has ensnared several major Western brands.

China, Health 7:54pm EDT

Wal-Mart loses bid to keep documents on bribery probe from shareholder

- The Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores Inc to provide a shareholder with documents related to the company's internal probe of allegations the retailer had paid bribes in Mexico.

Seven arrests made in $1.6 million StubHub cyberfraud case

NEW YORK - Police have arrested seven people on charges they were tied to an international ring that defrauded eBay Inc's StubHub online ticketing service of some $1.6 million, the latest in a string of high-profile cybercrime busts in recent months. | Video

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