Takata Cites Heat as Factor With Bad Air Bags

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Takata Corp. on Monday also said it is ramping up production of replacement kits for defective air bags amid widespread recalls and federal probes.

Marks & Spencer Shifts China Strategy

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British food and clothing retailer Marks & Spencer is changing its growth strategy in China, culling stores around Shanghai while planning to set up shop in Beijing and Guangzhou later this year.

Russia Agrees Ukraine Gas Spat Won't Endanger EU's Supply

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Russia and Ukraine agreed that a dispute over natural-gas deliveries to some rebel-controlled territories in eastern Ukraine won’t affect supplies to the rest of the country and the European Union.

Holders of Bonds Linked to Hypo Alpe-Adria-Bank Face Steep Losses

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A new plan to wind down the remnants of nationalized Hypo Alpe-Adria-Bank International will see owners of the banks’ debts take steep losses, Austria’s finance minister said.

Five GM Ignition-Switch Fund Offers Rejected

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Five people who brought injury claims to GM’s compensation fund as a result of defective ignition switches have rejected settlement offers.

Morgan Stanley Expects Suit From NY AG Over Mortgage Bonds

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Morgan Stanley said the New York Attorney General’s Office plans to sue the firm alleging it had misled investors in bonds tied to subprime mortgages.

Actavis to Wrap Up Mega-Bond Sale Tuesday

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Actavis plans to complete its more-than-$20-billion bond offering on Tuesday, the latest sign of a booming bond market and a deal which would rank as the second-largest corporate offering on record.

Caesars Revenue Rises 6.3%

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Caesars Entertainment reported that growth in food and beverage sales provided an additional boost to modestly higher casino revenue.

Google: Tech, Telecom Must Work Together

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At a private meeting with top European telecommunications firms in December, a Google Inc. envoy made a surprising pitch: let’s bury the hatchet.

French Government to Sell 3.96% Stake in Safran

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The French government said Monday it planned to sell a 3.96% stake in aerospace supplier Safran SA, as France seeks to bring down its public debt.

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