US Business News

Brazil's Vale Plans to Cut Dividends

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Brazilian mining giant Vale SA plans to slash dividends to the lowest level in eight years in a bid to shore up cash amid spiraling commodities prices.

How Sharp-Elbowed Uber Is Trying to Make Nice

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Facing roadblocks, ride-sharing service Uber is trying to present a softer side to its aggressive push into global markets.

IBM CEO Rometty to Receive $3.6 Million Bonus

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International Business Machines Corp. said Chief Executive Virginia Rometty will receive a $3.6 million bonus for her performance in 2014, despite annual declines in profit and revenue at the computing giant.

Monsanto Shareholders Approve Nonbinding Proxy-Access Proposal

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Monsanto shareholders rejected a stockholder proposal urging the separation of the chairman and CEO roles, but approved a nonbinding proposal requesting “proxy access” adoption.

Recalls Hit Honda Earnings

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Honda cut its profit outlook for a second consecutive quarter, the latest indication of the growing toll of two recalls—one involving exploding air bags made by Takata and the other related to the redesigned Fit subcompact.

American Airlines, US Airways Pilots Approve Joint Contract

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Pilots from the two carriers that combined to form American Airlines Group approved a joint contract Friday after months of negotiations, a major step in the company’s integration as the world’s largest airline.

Tech Companies, Italy Reach 'Freemium' Agreement

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Apple, Google. and Amazon.com have reached an accord that allows the U.S. companies to avoid fines for allegedly misleading people in the EU to make purchases in mobile phone apps that are initially free to download.

Xerox Cuts Outlook on Weakening Euro

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Xerox cut its outlook for 2015, citing a weakening euro, and gave a disappointing outlook for its current quarter.

Tyson Forecasts Higher Poultry Margins

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Tyson Foods Inc. forecast improving profit margins in its chicken business and said an unexpected increase in U.S. hog supplies would bolster its pork-processing operations this year.

For McDonald's, a CEO With Fresh Perspective

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In tapping Steve Easterbrook as its new chief executive, McDonald’s has opted for a company insider with an unusual attribute: an outsider’s perspective.

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