Barnes & Noble to Keep Nook Business

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Barnes & Noble said Thursday that it plans to spin off its college bookstore unit from its retail and Nook operations, scrapping a plan to spin off its struggling e-book business.

Refineries Cushion Blow to Repsol

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The world-wide collapse in crude prices has prompted losses and big spending cuts at Repsol, but the Spanish oil company found safe harbor in a business that until recently was a disaster for European energy firms: refining.

Samsung to Freeze Salaries

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Samsung Electronics said Thursday it will freeze its employees’ salaries this year as part of an effort to cut costs amid shrinking profits.

Boeing Books Orders for 50 Single-Aisle Jets

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Boeing Co. said it booked orders for 50 more of its 737 Max jets, though customers canceled deals for four of its flagship single-aisle plane.

What It's Like Doing Business in Iran

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A startup scene is popping up in Iran’s capital city, part of a nascent technology scene developing amid—and some say because of—international sanctions and censorship laws keeping Western firms away.

Penn Virginia Exploring Sale

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Energy producer Penn Virginia Corp. is exploring a sale as its stock price has declined, its reserves have lost value and billionaire George Soros has urged the company to find a buyer.

IBM Pumps $4 Billion Into Cloud, Mobile Initiatives

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IBM is announcing that it will shift $4 billion in 2015 spending to what it calls the “strategic imperatives” of cloud, analytics, mobile, social and security technologies.

Nissan's Infiniti Shifts Gears in Race With Luxury Rivals

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The new head of Nissan’s luxury division, Infiniti, said he would focus on improving customer service in a bid to close the yawning gap with the German premium brands that dominate the segment.

Maersk Group Has No Plans to Dispose of Maersk Oil

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Falling oil prices have taken a toll on Maersk Oil, the energy unit of A.P. Moeller Maersk, but the chief executive of Maersk Group said there are no plans to dispose of the unit, and the parent will continue to invest in it.

BYD Preliminary 2014 Net Profit Down 21%

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Chinese car and battery maker BYD Co. said Thursday its 2014 preliminary full-year net profit fell by around 21% as competition and a market slowdown took its toll on earnings.

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