Angry Birds Chief to Step Down

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Finland's Angry Birds maker Rovio Entertainment has announced that its Chief Executive Mikael Hed is stepping down as of January next year.

Sprint to Sell Next Sony Xperia Phone in U.S.

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Sprint Corp. will sell Sony Corp.'s next Xperia handset in the U.S. as part of a strategy to broaden its lineup of smartphone offerings to limit customer flight, a person familiar with the matter said.

OSI Employees Arrested in China

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Six OSI Group employees were arrested in China, more than a month after authorities suspended the food company's operations, accusing one of its subsidiaries of selling expired food to fast-food companies.

All That Glitters Not Gold For Acquisitive Miner Independence

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Independence Group NL, one of Australia's newest gold producers, says the stars are aligning for it to make new acquisitions—in zinc and nickel mines—as the shine comes off global commodity prices.

Malaysia Airlines to Shed 30% of Its Workforce

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Malaysia's state investor plans to spend up to $1.9 billion to revive Malaysia Airlines, which will cut staffing levels by 30%, as it tries to recover from the loss of two passenger jets this year.

Virgin Australia Readies for Qantas Battle

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Virgin Australia, reeling from a record annual loss, sold part of its frequent-flier business as it prepares for the next phase of a brutal battle for customers with Qantas.

Fiat Avoids Chrysler Merger Block

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Fiat said too few shareholders tendered their stock to block a reorganization that will create Fiat Chrysler Automobiles, a new company with a tax residency in the U.K.

Telefónica Eyes Deal by Mid-2015

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Spanish telecommunications company Telefónica said it expects to complete the $9.82 billion acquisition of Vivendi's Brazilian unit, GVT, by mid-2015.

China Weighs Gas Tax to Aid Electric-Car Effort

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China is weighing a new tax on gasoline to fund efforts to make electric cars more palatable to consumers, according to the chairman of electric-car maker BYD.

Tesco Warns on Profit

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Tesco issued its third profit warning in as many years and said it would slash its interim dividend and reduce capital expenditure as the struggling grocery giant battles fierce competition.

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