Consumers Power Past Headwinds

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U.S. consumers showed signs of strength in January, taking advantage of low oil prices to increase their spending and offering a welcome counterpoint to the gloom that has gripped investors and roiled markets since the start of the year.

Consumer-Focused Bonds Buck Drop by Stocks

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The sharp drop this year in consumer-focused stocks is feeding fears of a recession, but those companies’ bonds are sending a more upbeat signal.

French Prosecutors Don't Seek Prison Time for Uber Executives in Trial

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French prosecutors asked a court to slap two top executives with fines and a ban on running companies but declined to ask for prison time during the second day of a symbolic trial against the car-hailing company.

Spirit Airlines Boss Vows to Repair Image

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Spirit Airlines new chief executive is planning a midcourse correction at the nation’s leading ultralow-cost carrier to address rising customer complaints and ward off new competitive threats.

Visa Details Stake in Square

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Square shares jumped Friday after Visa detailed its previously announced investment in the startup, raising questions about the future relationship between the payment processors.

Volkswagen Global Vehicle Sales Return to Growth

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Global sales of Volkswagen vehicles returned to growth in January on the back of resurgent sales in China, even as the company’s namesake brand declined in all other markets.

U.K.'s Independent Newspaper to Cease Print Editions

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The Independent said it will cease its print editions in March, a major sign of the continuing media transition to the Internet as circulation and advertising revenue from print comes under pressure.

U.S. Stocks Stage Strong Rally, But End Week in the Red

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Major stock indexes posted weekly losses, putting a damper on a rally Friday in recently battered commodities and banking shares. The Dow Jones Industrials gained 313 points yet finished the week down 1.4%.

Oil Soars 12.3% on Production Cut Hopes

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Oil prices rallied, rebounding from a 13-year low reached the previous day, on speculation of production cuts among some of the world’s biggest suppliers.

Bank of America CEO Brian Moynihan Gets $3 Million Pay Raise

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Brian Moynihan, chairman and chief executive of Bank of America Corp., is receiving a pay package worth $16 million for 2015, most of it in the form of restricted stock.

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