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Wal-Mart's earnings were flat on lower same-store sales. The retail giant raised the low end of its fiscal-year outlook and plans to speed up cost-cutting measures.
Toy maker Mattel Inc. said today that sales of Barbie and other toys sank in the second quarter, but profit rose 82 percent, beating analyst expectations, as the company reduced expenses.
General Motors Corp is set to announce on Monday an accelerated restructuring that would close additional plants and pave the way for a debt exchange by the struggling automaker, sources briefed on the plan said on Sunday.