Ericsson's Revenue Falls Sharply

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Sweden's Ericsson reported an unexpectedly sharp decline in revenue for the first quarter, blaming lower revenue in North America and Japan which was only partly offset by growth in China, the Middle East and Latin America.

TE Connectivity Profit Rises 31%

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TE Connectivity said its fiscal second-quarter earnings rose on sales growth driven by its transportation and industrial segments as well as stronger margins.

ARM Posts Higher Profit

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Computer chip designer ARM Holdings reported a rise in first-quarter profit boosted by demand for its technology for a growing range of products including so-called supercomputers and sensors.

Justices Wrestle With Aereo TV Suit

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Supreme Court justices expressed unease with online-video startup Aereo, but they also voiced concerns about the consequences of ruling for the broadcasters that are challenging the legality of the service.

Cnooc Sells Multibillion-Dollar Bonds

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Cnooc Ltd. is selling multibillion dollar bonds in three portions, partly to repay loans related to $15.1 billion purchase of Canadian oil-sands operator Nexen Inc.

Primark to Expand in U.S.

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Primark, a clothing chain whose formula of fashionable looks at rock-bottom prices has proved a hit with U.K. shoppers, plans to open its first U.S. store in the former Boston home of the original Filene's Department Store.

Fed Looks Likely to Stick to Path

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Fed officials are on track to reduce their monthly bond buying to $45 billion at their policy meeting next week and stick with a communications approach that leaves investors with a little uncertainty about when it will start raising interest rates.

Judges Consider What Defines Insider Trading

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A panel of federal appeals-court judges signaled that prosecutors may have taken too broad a view of insider trading, saying there needs to be more a "bright line" about what constitutes a crime.

JetBlue Pilots Vote to Unionize

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The pilots at JetBlue Airways voted to unionize, ending the carrier's status as one of the last nonunion airlines in the U.S.

Polaris Raises Guidance After Strong Quarter

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Polaris Industries Corp. raised its full-year guidance as it reported a 7.2% increase in its first-quarter profit.

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