Red Hat Profit Rises on Cloud Business

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Red Hat Inc. said its fiscal second-quarter profit rose 15% as the software company said strong business from its certified public cloud providers helped lead to higher-than-expected revenue.

JetBlue CEO Barger to Retire

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JetBlue Airways said longtime Chief Executive Dave Barger will retire when his contract ends in February and be succeeded by company President Robin Hayes.

News Corp Criticizes Google for 'Piracy'

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Rupert Murdoch's News Corp weighed in on the debate over a proposed EU settlement with Google, urging Brussels to throw out the settlement and calling Google a "platform for piracy."

Ellison Cedes Oracle CEO Post

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Oracle said its longtime leader, Larry Ellison, will step aside as CEO but take over as chairman of the business-software giant. Mark Hurd and Safra Catz were named co-CEOs.

McDonald's Boosts Quarterly Dividend

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McDonald's increased its quarterly dividend by 5%, a move the company said reflects "the continued strength and sustainability of our cash flow."

DJIA, S&P 500 Rise to New Highs

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The Dow industrials and S&P 500 rallied to all-time highs Thursday as investors were heartened by signals from the Federal Reserve that it remains on a measured course to eventually raise interest rates.

Fed Acts Against Santander U.S. Unit

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The Federal Reserve took enforcement action against Santander's U.S. unit, saying one of the Spanish bank's subsidiaries paid a dividend without permission even though the Fed had barred it from doing so.

A Full Night's Sleep Can Really Pay Off

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Being well rested can make people more productive and valuable at work, as well as smarter in their investing, research suggests.

Falling Yen Is Weaker Tonic for Japan

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Japan is getting less bang from the rising buck. That is the message investors are sending after a month in which the yen slipped to a six-year low against the dollar.

Keystone Pipeline Cost Expected to Double

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TransCanada's CEO said the cost to build the Keystone XL pipeline, currently estimated at $5.4 billion, is expected to double by the time the U.S. government completes its review of the largest part of the project.

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