Former Android Leader Leaving Google

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Andy Rubin, co-founder and former leader of Google’s Android mobile business and the current head of its nascent robotics effort, is leaving the company.

Nissan Recall Adds to Takata Woes

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U.S. car-safety regulators disclosed a new air bag recall for a problem unrelated to an earlier recall affecting 7.8 million older vehicles, raising questions about the breadth of the problem of air bags that can explode with too much force.

AbbVie Boosts Earnings Guidance

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AbbVie boosted its earnings guidance for the year and posted higher sales in the company’s first earnings report since its megamerger with Shire fell apart.

Ferrari to Pay $3.5 Million Fine

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Fiat Chrysler’s Ferrari sports-car subsidiary has agreed to pay a $3.5 million civil fine for failing to report three fatalities and make other required safety defect reports to U.S. regulators.

Judge Rules Against Financiers Who Sued Paramount Pictures

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Paramount Pictures has prevailed in a lawsuit brought against it by a group of unhappy financiers who made a deal with the studio 10 years ago.

Big Banks Brace for Penalties in Probes

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Big banks in the U.S. and Europe are stockpiling billions to pay for a potential trans-Atlantic settlement of allegations that they manipulated foreign-exchange rates.

Dow Hits Intraday Record

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U.S. stocks surged, with the Dow Jones Industrial Average hitting an intraday record high, spurred by the Bank of Japan’s decision to unexpectedly expand its stimulus measures.

BOJ Unexpectedly Eases Policy

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The Bank of Japan on Friday unexpectedly announced additional stimulus measures, bolstering its asset purchases for the first time in over a year and a half, as its 2% inflation target looks increasingly untenable.

Pirate Bay Co-Founder Sentenced to 3½ Years in Jail

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Gottfrid Svartholm Warg has been found guilty alongside a 21-year old Danish accomplice of hacking into systems operated by the Danish arm of Computer Sciences Corp.

Russia Raises Interest Rates

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The Bank of Russia raised interest rates by 1.5 percentage points seeking to slow surging inflation and shore up the sagging ruble as the economic cost of sanctions and falling oil prices deepens.

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