BP Freezes Pay in 2015 Amid Oil's Drop

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BP PLC Chief Executive Bob Dudley says the company would freeze 2015 base pay, part of a larger round of cost savings and cuts the company has undertaken as oil prices plunge.

Mattel CEO Resigns Amid Company's Struggles

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Mattel Chief Executive Bryan Stockton has resigned after three years in the top executive post, as the struggling toy company also posted disappointing preliminary results for its fourth quarter.

Caesars Debates Creditors Over Bankruptcy Court

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Creditors of Caesars Entertainment Corp.’s largest unit lined up Monday to challenge the gambling company’s bid to work through its $18.4 billion debt load in a bankruptcy court in Chicago.

Tesla to Roll Out New Models in China

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Tesla will roll out new models in China and look to improve its business there, even as new data added to signs that last year’s Chinese performance fell below the electric-car maker’s threshold for success.

Family Dollar's December Sales Improve

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Family Dollar Stores, less than a week after gaining shareholder approval to sell itself to Dollar Tree Inc., said Monday its December sales improved as the discount retailer benefited from fewer markdowns.

Facebook's Oculus to Make Virtual-Reality Movies

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Facebook’s Oculus says its new Story Studios in-house lab will make movies to help popularize virtual-reality headset and build an entertainment community.

Bombardier Selling Aviation Training Business

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Bombardier said it agreed to sell its military aviation-training operations to flight-simulator maker CAE for 19.8 million Canadian dollars.

Obama Administration Moves to Ban Drilling in Arctic Refuge

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The Obama administration is moving this week to designate areas of Alaska off limits to oil and natural gas drilling in its latest effort to bolster its environmental legacy.

British Airways Owner Closes In on Aer Lingus

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British Airways parent International Consolidated Airlines Group is a step closer to buying Aer Lingus after the Irish carrier said it is considering a sweetened takeover offer from its bigger rival.

Uniqlo to Enter Canadian Market

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Japanese clothing giant Fast Retailing said Monday it will open two Uniqlo stores in Toronto next year, marking its first foray into Canada and adding another country to its international roster.

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