Bank of Russia Cuts Interest Rates

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Russia’s central bank unexpectedly cut its key interest rate by two percentage points, saying a sharp economic slowdown would soon ease inflationary pressures, prompting the ruble to fall.

BT Plans $2.3 Billion Pension Plug

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BT Group plans to inject $2.3 billion into its pension plan by the end of April as part of a new 16-year program at the British telecom operator to shrink its multibillion-dollar pension-fund deficit.

Eli Lilly Sales Hit by Patent Expirations, Currency

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Eli Lilly and Co. said foreign-exchange pressures weighed on sales in the most recent quarter as the pharmaceutical company continued to suffer the impact of patent expirations on some of its key drugs.

JAL, ANA Cautious About Helping Bankrupt Skymark Airlines

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Japan’s two biggest airlines are taking a wary stance over helping Skymark Airlines after it filed for bankruptcy protection earlier this week.

Mattel Vows Urgency to Improve Results

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Toy maker Mattel confirmed a decline in sales and profit during the crucial holiday-shopping quarter, and said it would act with urgency to improve results.

Costco to Spend $2.2 Billion to Pay One-Time Dividend of $5 Per Share

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Costco Wholesale Corp. said Friday that it will spend $2.2 billion to pay out a one-time dividend of $5 a share.

Sunday's Challenge for Box Makers: 12.5 Million Pizzas

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Super Bowl Sunday is the biggest day of the year for takeout pizza, with Americans expected to order about 12.5 million pies. That also makes it the biggest day for companies that make corrugated pizza boxes.

Maersk in Talks Over $1.5 Billion Ship Order

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Denmark’s Maersk Line, the world’s biggest container-shipping company by capacity, is in early talks with Asian shipbuilders to order up to 10 container megaships worth around $1.5 billion.

Eurozone Consumer Prices Fall Sharply

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Consumer prices in the eurozone fell more sharply and more broadly in January, heightening the risk of a slide toward deflation that the ECB hopes to halt and then reverse through its new bond-buying program.

Rising Dollar Hits Google Revenue

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The rising dollar claimed another victim as Google’s revenue grew slower than expected. Absent the dollar’s impact, revenue would have risen roughly 20%.

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