Marathon Oil to Cut Capital Spending in 2015

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Marathon Oil plans to cut spending in 2015, the latest energy company to slim its spending plans amid tumbling oil prices.

Wendy's Announces New Marketing Chief, Management Changes

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Wendy’s Co. announced several management moves including a plan for a new chief marketing officer, with Brandon Solano slated to replace Craig Bahner early next year.

Petrobras CEO Leaves Open the Possibility of Resignation

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The embattled chief executive of Brazilian state oil company Petroleo Brasileiro SA left open the possibility of resigning amid a major corruption scandal and expressed concern that related investigations could compromise the company’s production goals.

Petrobras CEO Finds Herself in Crosshairs

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Petrobras chief Maria das Graças Silva Foster is under pressure as a corruption scandal swirls around the state-run oil company.

Germany Requires Changes to Inheritance Tax Law

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Germany’s highest court is demanding lawmakers change existing tax exemptions that unfairly benefit many of the country’s big family-owned firms.

BlackBerry Launches New Phone

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BlackBerry unveiled a device meant to appeal to its traditional customers with signature BlackBerry phone features like a physical keyboard and trackpad.

Bankruptcy Judge Clears Dendreon to Pursue Sale

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A bankruptcy judge on Wednesday cleared cancer-drug maker Dendreon Corp. to pursue a sale in case such a deal yields more money for its creditors than a restructuring led by its bondholders.

Herman Miller Swings to Profit

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Herman Miller swung to a profit for the November quarter, as the office furniture company posted higher sales and an improved gross margin but said order growth was less than it anticipated.

Sears Struggles as It Bets on Technology

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The failure of Sears Holdings’ Mygofer strategy—where customers ordered from computers and picked up goods out back—shows the retailer’s struggle to reinvent its stores.

Oracle's Revenue Rises on Cloud Growth

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Oracle’s revenue rose 3% during the quarter ended in November, the first one with co-chief executives Safra Catz and Mark Hurd at the helm.

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