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| | | WSJ.com: US Business | | |
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| | | | | | BAE Systems has put parts of its North American commercial aerospace business up for sale in an auction that could fetch up to $2 billion. |
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| | | | | | International banking regulators meet this weekend in Basel, Switzerland, to hammer out the details of a pact that will have lasting consequences for the world economy. |
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| | | | | | New York financial adviser Kenneth Star pleaded guilty to criminal charges in a scheme that defrauded his celebrity clients and other investors. |
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| | | | | | Nokia said CEO Olli-Pekka Kallasvuo will step down, as the world's largest handset maker looks to move out from under the shadow of recent profit warnings. Stephen Elop will succeed him. |
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| | | | | | Yahoo is redesigning its email service to help stem a user decline and counter offerings from longtime rivals Microsoft and Google as well as social-networking services such as Facebook and Twitter. |
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| | | | | | GoDaddy.com, the closely held website hat registers Internet domain names, has put itself up for sale in an auction that could fetch more than $1 billion. |
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| | | | | | French retailer Carrefour has cut British rival Tesco and Japan's Aeon out of the bidding for its stores in Southeast Asia, people familiar with the matter said. |
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| | | | | | Dan Akerson, GM's new CEO, will receive $1.7 million in base salary this year and millions more in stock in coming years, as part of a pay package approved by the U.S. Treasury. |
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| | | | | | BCE plans to acquire the 85% of Canadian broadcaster CTV that it doesn't already own for $1.26 billion. |
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| | | | | | Apple said it is ending its offer to give away free cases to iPhone 4 owners after Sept. 30, stating that the antenna-design issue "is even smaller than we originally thought." |
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| | | | | | Samsung has cut deals with Verizon, Sprint Nextel and AT&T to carry its new Google-powered tablet computer, a significant step as Samsung tries to take on Apple's hot-selling iPad. |
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| | | | | | Santander reached an agreement with Allied Irish Banks to buy its 70% stake in Bank Zachodni WBK, and will launch a bid for the Polish bank's remaining shares. |
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| | | | | | Wal-Mart will divvy up the position of chief merchandising officer among four executives, as the retailer continues to reshape its management. |
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| | | | | | Smithfield Foods said it is selling its 49% stake in the Butterball turkey business to joint-venture partner Maxwell Farms for about $175 million. |
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| | | | | | Some airline pilots would fly fewer hours and others would fly longer under proposed rules to help prevent dangerous fatigue, transportation and labor officials. |
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| | | | | | Goldman Sachs said it has appointed Jim O'Neill chairman of its $800 billion asset-management arm, a newly created role designed to leverage his "global perspective on world markets." |
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| | | | | | Virgin America reported a slightly narrower second-quarter loss of $15.5 million, while chopping its operating loss to $430,000. |
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| | | | | | Air-safety investigators released a report detailing how pilot error caused a "serious incident" last year when a British Airways jet barely avoided hurtling off the end of Caribbean runway. |
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| | | | | | MillerCoors is having No. 2 executive Tom Long share an office with CEO Leo Kiely, who is set to retire next year. |
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| | | | | | Volkswagen said its sales rose 11.2% on a year-to-year basis in August to 545,500 vehicles, driven by soaring demand in China and a rebound in the U.S. |
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| | | | | | Chinese business-to-business platform Alibaba.com is working on a business strategy to promote its clients' wholesale products to online merchants like those on eBay's marketplace. |
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| | | | | | KDDI said it will replace its top executive, who has run the company virtually since its inception from a merger a decade ago, as Japan's second largest mobile phone carrier by subscribers struggles to compete. |
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| | | | | | BP is delaying the release of its third quarter earnings by one week to give the company more time to prepare additional data and disclosures needed following the oil spill in the Gulf of Mexico. |
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| | | | | | French power group GDF Suez said it sold its 5% stake in Spanish energy company Gas Natural for $686.1 million. |
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| | | | | | Troubled government-owned investment conglomerate Dubai World said it has over 99% support among creditors for its proposal to restructure around $24.9 billion of debt. |
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| | | | | | The Australian competition regulator said it planned to block Virgin Blue's planned alliance with Air New Zealand, its second major blow in as many days. |
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| | | | | | In an uncharacteristic about-face, Apple loosened its control over software development for its iPhones and iPads as the company feels heat from a U.S. antitrust investigation and rising competition from mobile devices powered by Google's Android software. |
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| | | | | | The SEC is looking into whether firms that collect fees for funneling investors into hedge funds are properly overseeing client money and dealing with potential conflicts of interest. |
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