Cenovus Cuts Capital Spending Again, a Month After Big Cuts

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Calgary oil producer Cenovus Energy, Inc. said on Wednesday it would cut its planned 2015 capital spending by another 27% from targets set last month due to the continued slump in oil prices.

Boeing Posts Stronger-Than-Expected Results

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Boeing posted stronger-than-expected results for the fourth quarter, but gave a weak profit outlook for 2015 amid concerns that tumbling oil prices may hamper demand for its fuel-efficient planes.

Anglo Warns of Commodity-Price Hit

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Anglo American is set to write down the value of some of its biggest iron-ore and coal-mining assets when it reports results next month, reflecting the toll that slumping commodity prices are taking on the global mining sector.

China Raps Alibaba Over Fake Goods

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Alibaba is embroiled in a public dispute with a Chinese government agency over fake goods sales on its e-commerce platforms, highlighting one of the risks for a company that last year raised $25 billion in the world’s largest IPO.

General Dynamics Revenue, Profit Grow

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General Dynamics Corp.’s revenue and profit grew in its fourth quarter as the company’s backlog also surged compared with a year ago.

Brazil's Eike Batista Resigns Oil Company Chairman Post

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Brazilian entrepreneur Eike Batista resigned from his post as the chairman of the oil company he founded.

Sasol Reviews Louisiana Investment

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South African energy and chemicals giant Sasol said it is reconsidering investment plans for a giant gas-to-liquids plant slated for Louisiana and costing as much as $14 billion.

Textron Gives Disappointing 2015 Outlook

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Textron Inc. gave a muted outlook for 2015 as the company’s Bell helicopter business continues to struggle with tepid demand.

Berkley California has approved a tax on sugared soft drinks. Is this a good idea?
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