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* Medco Health Solutions Inc. shares rose more than 5% in their debut on the New York Stock Exchange, a day after the pharmacy benefit manager was spun off by pharmaceutical giant Merck & Co.
* Nestle said first-half profit fell 51% after one-time gains boosted earnings a year earlier. Sales exceeded forecasts, led by Nescafe instant coffee and Perrier water.
* Talbots Inc. said second-quarter earnings fell 7.6%, though less than forecast, to $18.5 million, or 32 cents a share, from $20 million, or 33 cents, a year earlier.
* Continental Airlines Inc. relaxed rules for passengers who need to reschedule their flights. The move came a day after American Airlines announced similar plans.
* AT&T; Wireless Services Inc. won a judge’s approval for a $47.5-million settlement of shareholder suits challenging its purchase of TeleCorp PCS Inc. last year. The judge said the settlement offer by AT&T; representatives and former TeleCorp executives was “a very high-quality result.”
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