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An auto worker inspects finished SUVs coming off the assembly line at the General Motors auto plant in Arlington, Texas.

GM Profit 2Q Falls 85 Pct. on Recall Costs

CORPORATE | Thursday Jul 24, 2014
Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.

FAA Cancels Flights to Tel Aviv

Jul 24
After a rocket fired from Gaza slammed into the neighborhood near the Ben Gurion airport, airlines rushed to get their planes out of harm's way. The FAA warned of a "potentially hazardous situation...created by the armed conflict in Israel and Gaza."

Airbnb Rep Asks Host to Take Down Homoerotic Pic

CORPORATE | By Jason St. Amand | Jul 24
A staffer with the popular service Airbnb is making headlines this week after asking a New York City party planner to remove a homoerotic photo from his listing even though she found the image "captivating."

Opera for Broadway-Lovers?

CORPORATE | Jul 24
Director Michael Mayer adds Broadway flair to the Metropolitan Opera's production of "Rigoletto"

Detroit retiree William Davis protests near the federal courthouse in Detroit.

Bond Insurers Vow to Fight Detroit Financial Plan

LEGAL | Jul 24
Companies that insure Detroit's bonds are repeating their pledge to aggressively challenge the city's plan to get out of bankruptcy. Results released Monday night show city workers and retirees voted in favor of pension cuts.

Exxon Mobil Says It'll Follow New Anti-Bias Rules

CORPORATE | Jul 23
Exxon Mobil Corp. has said it will comply with the new protections for gay and transgender employees required of federal contractors, while still sidestepping the question of whether it will formalize that by changing the language of its corporate policy.

Johns Hopkins to Pay $190M to Gynecologist's Victims

Jul 23
Johns Hopkins Hospital will pay $190 million to thousands of women after police found more than 1,300 secret pictures and videos on gynecologist Dr. Nikita Levy's computer. The doctor killed himself shortly after the investigation began early last year.

Reinventing Opera at the Met

CORPORATE | Jul 23
Bob Simon reports on the Metropolitan Opera's mission: to make opera as popular -- and populist -- as it once was.

Microsoft 4Q Earnings Hurt by Nokia Acquisition

CORPORATE | Jul 23
Microsoft Corp. reported fourth-quarter earnings that took a hit from the Nokia devices business that it bought in April, but the company said growth in Internet-based computing services to businesses boosted results.

LinkedIn to Buy Ad Tech Company Bizo for $175M

CORPORATE | By Michael Cox | Jul 23
LinkedIn Corp. is spending $175 million to buy Bizo, a provider of advertising technology and measurement services aimed at professionals. LinkedIn said that it is paying 90 percent in cash and the rest in stock for San Francisco-based Bizo.

Apple's Fiscal 3Q Earnings Top Analyst Forecasts

CORPORATE | Jul 23
Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen.