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AP Top Business News At 5 a.m. EDT

Fast food ambitions in China hurt by safety scares
BEIJING (AP) -- Already China's biggest restaurant operator with 4,600 outlets, KFC is pursuing Chinese consumers so avidly it opens two more every day....

Adidas issues profit warning on Russia risks
BERLIN (AP) -- Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine....

Sony surprises with first quarter profit
TOKYO (AP) -- Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker....

Eurozone inflation drops further to 0.4 percent
BRUSSELS (AP) -- Official data show the inflation rate in the 18-nation eurozone fell further in July, to 0.4 percent from 0.5 percent a month earlier....

Journal Communications, Scripps Co. announce deal
MILWAUKEE (AP) -- Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati have an agreement to merge broadcasting operations while spinning off newspaper holdings into a separate public entity, the companies announced late Wednesday....

A more vigorous US economy appears to be emerging
WASHINGTON (AP) -- The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year....

World Cup adds froth to German beer sales
BERLIN (AP) -- German beer sales rose by 4.4 percent in the year's first half, gaining froth from the beginning of the country's run to the soccer World Cup title....

World stocks drift after US Fed stays course
MUMBAI, India (AP) -- Global stock markets were uninspired by an upbeat report on the U.S. economy, with most drifting lower Thursday after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected. Investors are now reckoning with an expiry date for the lavishly easy monetary policy that has underpinned gains in global stock markets for several years....

Fed offers a dual message on health of US economy
WASHINGTON (AP) -- The Federal Reserve offered a mixed message on the U.S. economy Wednesday: Growth is strengthening, and the unemployment rate is steadily falling. Yet by some measures, the job market remains subpar....

Shell profit up on higher oil prices
AMSTERDAM (AP) -- Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges....

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Up to the Minute
Adidas issues profit warning on Russia risks

Siemens earnings up 27 pct in April-June quarter

AB InBev earnings rise, sees US improving

Sanofi 2nd quarter profit surges

Shell profit up on higher oil prices

Whole Foods plans major marketing push

US judge slaps $1.3B fine on Bank of America

New 'know your customer' rules proposed for banks

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