Contrasting Fortunes of Samsung Executives Defy Slump

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Amid one of Samsung’s most bruising years, J.K. Shin, the co-CEO who oversees its mobile division, saw his total pay more than double and he earned nearly three times as much as one of his co-CEOs.

Acuity Earnings Rise 41%

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Acuity Brands Inc. said its earnings rose 41% in the February quarter as demand for LED lights continued to grow.

Sysco Financial Chief to Step Down

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Sysco Chief Financial Officer Chris Kreidler plans to step down later this year, and the food distributor named company veteran and Chief Accounting Officer Joel T. Grade as his successor.

Orange Urged to Seek European Partner for Dailymotion

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The French government urged partially state-owned telecoms operator Orange to explore European solutions for its video streaming unit Dailymotion before entering into the final phase of a possible transaction with a Chinese investor.

Petrobras Gets $3.5 Billion Financing from China Development Bank

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Brazilian state-run oil firm Petroleo Brasileiro SA, or Petrobras, on Wednesday said it signed a contract to obtain financing worth $3.5 billion from state-owned China Development Bank.

Sarepta Therapeutics CEO Chris Garabedian Resigns

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Sarepta Therapeutics said Chief Executive Chris Garabedian resigned, following tension between the biotech and the U.S. Food and Drug Administration over a key muscular dystrophy drug. Chief marketing officer Edward Kaye will take over as interim CEO.

Macau's Glitter Fades as Beijing Takes Firmer Hand

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After more than a decade of breakneck growth that made it the world’s largest market for casinos, Macau is under siege from China’s anticorruption campaign and a breakdown in its system of junkets.

Bright House Deal Advances Malone's Cable Ambitions

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John Malone missed out on acquiring Time Warner Cable, but his deal to buy Bright House Networks is putting him back at the center of the cable industry’s transformation.

Monsanto Profit Falls 15% on Weak Sales

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Monsanto said its earnings fell 15% in the February quarter as sales weakened, farmers planted fewer acres and a stronger U.S. dollar pressured results.

Hong Kong Broadcaster to Shut Down

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Hong Kong’s Executive Council won’t renew the free-to-air license of Asia Television when it expires Nov. 30. The station will be allowed to broadcast until April 1, 2016.

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