US Business News

Ferrari to Pay $3.5 Million Fine

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Fiat Chrysler’s Ferrari sports-car subsidiary has agreed to pay a $3.5 million civil fine for failing to report three fatalities and make other required safety defect reports to U.S. regulators.

Pirate Bay Co-Founder Sentenced to 3½ Years in Jail

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Gottfrid Svartholm Warg has been found guilty alongside a 21-year old Danish accomplice of hacking into systems operated by the Danish arm of Computer Sciences Corp.

U.S., Russia Drag on AB InBev Sales

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Anheuser-Busch InBev reported that weakness in the U.S., Russia and Ukraine weighed on sales volumes in the third quarter, even as cost cuts and strong sales elsewhere boosted profit.

WPP Warns Over Advertising Caution

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WPP Chief Executive Officer Martin Sorrell said that executives are on their guard again over how they spend on advertising amid heightened geopolitical concerns.

U.S. Sanctions Bite Putin's 'Personal Banker'

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The Western effort to freeze Kremlin-connected assets has cost what the U.S. Treasury describes as Russian President Putin’s favored bank nearly $21 million, according to a new U.S. corporate disclosure.

The New Science of Food Additives

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Americans’ growing appetite for food with bold and exotic tastes is bumping up against another trend—demand for more-natural food—complicating the industry’s R&D efforts and potentially raising costs.

Nursing Homes in $1.65 Billion Deal

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Omega Healthcare agreed to buy Aviv REIT in an all-stock deal valued at $1.65 billion, further consolidating the fragmented skilled-nursing facility sector.

Sony Posts Hefty Loss

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Sony reported a $1.2 billion loss after writing down the value of its struggling smartphone business, but strong PlayStation sales brightened up the quarterly report.

Nissan Recalling Infiniti Vehicles

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Nissan Motor is recalling a small batch of Infiniti luxury vehicles over concerns air bags that could rupture and send metal fragments through the cabin, according to the National Highway Traffic Safety Administration.

Chevron's Profit Rises

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Chevron said its third-quarter profit increased 13% on asset sales and strength in the refining, marketing and chemical segment, despite lower revenue and production.

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