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Riding on cost cuts, United beats estimates

  Bloomberg United Continental Holdings Inc.’s second-quarter profit exceeded analysts’ estimates as lower fuel and operating costs overcame weak fares. Adjusted earnings of $2.61 a share beat the $2.56 average of analyst estimates. United said that it plans to trim growth for 2016 and now sees full-year capacity increasing no more than 1.5 percent from last year, compared with the ...

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Consumers in shock as Russians skimp on food

  Bloomberg With stores from near the Arctic to the foothills of the Caucasus Mountains, Magnit PJSC would be the first to know when the Russian consumer is back. Instead, the nation’s largest supermarket chain has just come across something it’s never seen. Billionaire Sergey Galitskiy’s retailer, which operates almost 13,000 outlets in Russia, said the average purchase has fallen ...

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Spotify focusses on local market for Asia expansion

  Bloomberg Spotify, a digital music service provider, is tailoring its service for local tastes, from topical playlists to tiered pricing, as it prepares to expand its music streaming in Asia market. That strategy includes beefing up content such as Korean pop music popular in Southeast Asia and offering different payment methods in markets where credit cards are rare, said ...

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