Caterpillar Seeks to Close Plant in France

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Caterpillar, continuing a global cost-reduction drive, is seeking to stop production at its plant in Rantigny, France, about 40 miles north of Paris, and sell the facility, a spokeswoman for the company said Friday, confirming French press reports.

Geely Says Volvo Technology, New Strategy Can Get It on Track

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Zhejiang Geely Holding Group Chairman Li Shufu said Saturday his Chinese mass-market auto brand Geely can use technology from his Volvo brand and a newly streamlined brand strategy to get back on track for growth after a sharp sales drop in the first quarter.

GM Sales Rise Despite Controversy

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The head of General Motors Co.'s North American operations, Alan Batey, said April U.S. Vehicle sales are on pace for "a good month."

Concert Bookers Become Stars as Albums Fade

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As musicians play more live shows to make up for diminished album sales, booking agents are moving into the spotlight—and earning more. New duties include creating offbeat venues, events and stunts that will help an artist stand out, especially as record companies do less.

China Unveils List of IPO Aspirants

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In a surprise move, the China Securities Regulatory Commission announced a list of 28 companies that have disclosed their IPO plans.

Newmont, Barrick Merger Talks Collapse

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Barrick Gold and Newmont Mining were in advanced talks this week over a deal that would have combined the world's two largest gold producers, but the talks broke down.

Fiat, Chrysler to Build Jeeps in China for Country's Market

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Fiat SpA and its Chrysler Group LLC arm expect to build Jeep vehicles for China in the Asian country starting in late 2015, the two companies said Saturday.

Lenders Ease Mortgage Rules in Hunt for Business

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Mortgage lenders are beginning to ease the restrictive lending standards enacted after the housing boom turned to bust, a sign of their rising confidence in the housing market.

Batista Unfazed by Reported Brazil Probe

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Brazilian entrepreneur Eike Batista on Friday said he isn't concerned about a reported criminal investigation into the collapse of his once-highflying oil company.

Volkswagen, Audi Consider Expansion Of China Plant

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Volkswagen and its luxury car arm Audi are considering a large expansion of the new manufacturing plant in Foshan in southern China that could include the launch of a new small SUV.

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