Mining-Service Firms Face Hard Times in Australia

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Power generators, engineering firms and other companies that service mining operations in Australia are forecasting weaker earnings as the mining boom slows.

Philippines Bank UCPB Hires Adviser to Review Alternatives

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Philippine commercial bank United Coconut Planters Bank hired an adviser to conduct a strategic review of the bank, a move that could lead to a sale or an initial public offering of bank shares.

Hershey Keen for Piece of China

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Hershey will introduce a milk-based candy in China and open up a Shanghai R&D center as part of its strategy to build a presence the world's fastest-growing candy market.

Vodafone to Retain Verizon Dividend

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Vodafone said it will keep the $3.15 billion dividend payment it will receive from Verizon Wireless and plow it into its flagging operations in Europe, which weighed heavily on the mobile giant's full-year profit.

Poor Earnings Pressure M&S Boss

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British retailer Marks & Spencer reported another set of lackluster earnings, putting Chief Executive Marc Bolland under the spotlight after three years in charge.

In Europe, Cutting Jobs Can Take Years

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It took Whirlpool eight months to close a 1,000-person factory in Arkansas last year amid falling sales. In Italy, the company has been trying for three years to cut 500 jobs—with only partial success.

Apple Avoids Overseas Taxes, Panel Finds

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Apple paid no corporate income tax to any nation on tens of billions of dollars in income over the past four years, Senate investigators disclosed ahead of a hearing on Tuesday.

Burberry Shows Signs of Rebound

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Burberry showed further signs of recovery after a midyear profit warning, as it reported a rise in full-year revenue and bucked a wider trend in the luxury industry that has seen some of its rivals lose steam in China.

G4S Chief Buckles Resigns

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Security company G4S said Chief Executive Nick Buckles, who was heavily criticized over the company's handling of the London Olympic Games last year, will resign at the end of the month.

Actavis to Buy Warner Chilcott in $5 Billion Deal

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Actavis agreed to acquire Warner Chilcott for about $5 billion in an all-stock deal aimed at enlarging Actavis's portfolio of specialty pharmaceutical brands and shrinking its tax burden.

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