Norfolk Southern Names Squires New Chief Executive

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Norfolk Southern named company President James A. Squires its next chief executive as part of the railroad operator’s succession process.

RWE to Proceed With North Sea Gas Deal

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German utility RWE and an energy-investment fund led by Russian billionaire Mikhail Fridman signaled that they would proceed with a $5.6 billion deal for oil-and-gas fields over the U.K. government’s objections.

European Banks Draw Scrutiny Over Reciprocity

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Behind the scenes in Europe, banks regularly dole out lucrative work to their competitors, partly based on how much business they will receive in return.

Marks & Spencer Shifts China Strategy

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British food and clothing retailer Marks & Spencer is changing its growth strategy in China, culling stores around Shanghai while planning to set up shop in Beijing and Guangzhou later this year.

HarperCollins Buys Series from "Divergent" Author

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HarperCollins Publishers has purchased a two-book deal from “Divergent” series author Veronica Roth.

Teva Sells Pennsylvania Facility

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Teva Pharmaceutical Industries Ltd. has agreed to sell its Pennsylvania facilities to G&W Laboratories Inc. as part of the Israeli company’s cost-reduction program.

Renault Testing Self-Driving Car Technology -- Mobile World

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Renault SA is testing technology to launch an autonomous vehicle that can drive around busy city streets and reduce the number of accidents on the roads.

Cardinal Health to Buy J&J's Heart Business for $1.94 Billion

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Cardinal Health agreed to acquire the heart-product business Cordis from Johnson & Johnson for $1.94 billion in cash, in a move aimed at strengthening its cardiology efforts.

Swiss Companies Battle Strong Franc

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Tiny plastics company Scheu is one of a growing number of Swiss businesses that are exploring extraordinary measures to combat the local currency’s surging value.

Gannett Settles With Icahn

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Gannett Co. has agreed to implement certain corporate-governance policies at the upcoming spinoff of its publishing division, settling a dispute with activist investor Carl Icahn.

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