RadioShack to Fight for Standard General Takeover

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RadioShack said the company-saving offer from Standard General is the best to emerge from an auction that tested the value of the distressed retailer.

H-P Nears Deal to Sell Control of Chinese Unit

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Hewlett-Packard Co. is nearing a deal to sell control of its data-networking business in China to Tsinghua Unigroup Ltd., according to people familiar with the matter.

Pepsi-Cola Replaces Diet Coke as No. 2 Soda

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Pepsi-Cola supplanted Diet Coke as the No. 2 soda brand in the U.S. by volume in 2014 as Americans continued to flee diet soft drinks, according to industry data published Thursday.

Former Petrobras CEO 'Ashamed' Of Allegations Against Company

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The former chief executive of Brazil’s beleaguered state-run oil firm Petroleo Brasileiro SA said Thursday she is “ashamed” of allegations of bribery at a Petrobras project.

HBO, Vice Media in Programming Deal

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HBO is teaming up with Vice Media to launch a daily newscast, the two companies said Thursday.

The High Cost of Saving a Failing Business

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Filing for bankruptcy protection to save a small business often costs at least $100,000 to $300,000—and sometimes twice as much in cases where creditors are contentious, lawyers say.

Groupe Bolloré Raises Stake in Vivendi

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French conglomerate Groupe Bolloré said Thursday it has again boosted its stake in Vivendi SA, bulking up the influence of chairman Vincent Bolloré as he faces a challenge from an activist shareholder.

PayPal to Pay $7.7 Million to U.S. Over Alleged Sanctions Violations

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The U.S. Treasury Department announced Wednesday a $7.7 million settlement with eBay unit PayPal over multiple alleged sanctions violations by the payments company.

Amazon Unveils Storage Plans for Photos, Media

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Amazon announced two new unlimited storage plans; temporarily offered its grocery delivery business to Prime members; and expanded its one-hour delivery service to Dallas.

PetroChina to Slash Spending

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PetroChina slashed its spending plans for the coming year, after a global drop in oil prices led to a 17% fall in its 2014 net profit.

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