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In The News |
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WSJ.com: US Business
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US Business
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Yahoo Shakes Up Board
Yahoo said Chairman Roy Bostock and three other directors have volunteered not to stand for re-election to the company's board. The company named two new outside directors.
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GM Seeks Deep Cuts at Opel
GM is preparing to disclose "horrendous" fourth quarter losses at its European Opel/Vauxhall unit and is demanding deep cuts from labor unions there.
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The Quest for Cheaper, Better Lights
Soraa plans to disclose the benefits of an unusual technology for manufacturing LEDs, which have found applications in areas such as traffic signals but aren't widely used to light up homes or offices.
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AIG Chairman Heads for Hawker
American International Group Inc. will review its list of candidates to succeed Chief Executive Robert Benmosche after the company's chairman, a restructuring expert designated as a possible emergency replacement, took a new job as CEO of Hawker Beechcraft Inc., an aircraft manufacturer that has struggled amid a long slump in the business-jet market and uncertainty over military spending.
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Glencore, Xstrata Turn to Selling Deal
Now that Xstrata and Glencore have unveiled their widely expected plan to merge and form a mining-and-commodities behemoth, the hard work begins: selling the deal to shareholders and regulators.
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Disney Profit Rises 12%,
Walt Disney's fiscal first-quarter profit rose 12% as its theme-park division benefited from increased spending and attendance.
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Hartford's Profit Slides as Lincoln National Swings to Loss
Hartford Financial Services Group's fourth-quarter earnings fell 79% to $127 million, driven by investment losses and the rising cost of workers' compensation claims. Lincoln National swung to a loss as impairment charges weighed on the life-insurance and annuity company's bottom line.
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Caesars Prices Offering at $9 a Share
Caesars priced 1.81 million shares of its stock at $9 a share to raise around $16.3 million, a small amount but one that opens the door for some investors to cash out.
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Tussle in China Over iPad Name
Proview Technology (Shenzhen) has filed for a temporary restraining order in a Shanghai court to stop Apple from using the iPad name in mainland China.
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Illumina Rejects Roche Offer
Gene-sequencing company Illumina rejected a takeover bid from drug maker Roche, calling the Swiss company's offer inadequate.
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Francis Youett 