Praxair Earnings Fall on Currency Headwinds

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Praxair Inc. said its earnings dropped as weak macroeconomic conditions, especially in Europe, and the strong dollar pressured fourth-quarter results.

Scandal-Hit Petrobras Publishes Results

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The Brazilian state-run oil company Petroleo Brasileiro published its long-awaited and delayed third-quarter results, but it failed to set a sum for potential write downs connected to a corruption investigation.

Germany Raises 2015 Growth Forecast

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Germany raised its forecast for economic growth for this year on the back of record high employment levels and strong consumption, which gets a lift from lower oil prices.

IKEA Posts Slight Profit Rise

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IKEA said growth in all its sales channels helped drive a slight rise in net profit last year, as increased spending on employee programs and price reductions weighed on operating income.

Nintendo Profit Jumps

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A weaker yen helped Nintendo record a stronger profit in the fourth quarter but the Japanese video game maker faces high hurdles ahead as it seeks to create sustainable growth in the smartphone age.

Germany Gears Up Against Russian Propaganda

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Germany is launching a new international news service to counter Russia’s aggressive propaganda push in Europe. The only problem: Employees of Deutsche Welle, the state-run broadcaster spearheading the initiative, are having none of it.

Yahoo to Spin Off Alibaba Stake

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Yahoo unveiled plans for a tax-free spinoff of its remaining holdings in Chinese e-commerce giant Alibaba as the company also reported declines in fourth-quarter earnings and revenue.

Swiss to Compensate Workers Hurt by Franc

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The Swiss government is to compensate employees forced to work fewer hours at companies hit by the sharp appreciation of the Swiss franc, marking the first domestic political action aimed at cushioning the impact of recent currency moves.

Samsung Earnings to Bolster South Korea's Campaign for Shareholders

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Samsung Electronics is likely to report its fifth consecutive quarter of year-to-year earnings declines—and further evidence that the government’s hard line on corporate cash hoarding is making South Korea a more hospitable place for shareholders.

Weaker Yen Boosts Canon Profit

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Canon said its net profit rose 6% in the October to December period as a weaker yen enhanced the value of its overseas earnings, outweighing falling demand for digital cameras.

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