Rosneft Posts Sharply Lower Net

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Net income dropped 28.5% to $9.3 billion in 2014, hit by lower oil prices, a weaker ruble and slowing growth in Russia.

China Rejects Obama's Criticism of Technology Rules

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China rebuffed criticism of a proposed counterterrorism law by President Barack Obama, saying the U.S. and others also want technology companies to provide access to their systems.

CSX Sees Coal Shipments to Fall at Least 5%

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CSX Corp. estimated its domestic coal shipments will decline at least 5% this year, though it still expects to achieve its growth targets amid continued growth in its merchandise and intermodal markets.

Insurers' Biggest Fear: A Health-Law Death Spiral

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The latest challenge to the Affordable Care Act focuses on federal subsidies that help lower-income consumers purchase plans, and the High Court’s decision could unravel the marketplaces created by the law.

Eurowings to Start Long-Haul Services in October

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Deutsche Lufthansa lower-cost airline Eurowings will long-haul services on Oct. 25, initially to Dubai, Thailand and parts of the Caribbean.

Reliance Infrastructure Buys 18% Stake in Pipavav Defence

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The infrastructure arm of Indian conglomerate Reliance Group said Wednesday it had agreed to acquire 18% of shipbuilder Pipavav Defence & Offshore Engineering Co. for 8.19 billion rupees, or $132 million.

Baxter Buys Autoimmune Specialist SuppreMol

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Baxter International agreed to buy German biopharmaceutical company SuppreMol for about €200 million, in a move to improve its portfolio of autoimmune treatments.

Toyota Taps First Foreign Vice President

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Toyota tapped a foreigner as an executive vice president for the first time in the company’s nearly eight-decade history.

Tiffany Says Dutch Court Set Aside Swatch Arbitration Award

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Tiffany & Co. said Wednesday that a Dutch court has ruled in its favor and set aside an arbitration award the jeweler was ordered to pay in 2013 related to its failed partnership with Swiss watchmaker Swatch Group AG.

Fraud Takes a Bite Out of Apple Pay

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Some banks are witnessing a growing incidence of fraud on the Apple Pay mobile-payment service as criminals exploit vulnerabilities in the verification process banks follow when users add a credit card to the service.

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