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.

KCG's Market-Making Unit Head Resigns

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George Sohos, the longtime head of KCG Holdings’ profitable market-making division, has resigned from the company.

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.

Vale in Deal to Sell Gold to Silver Wheaton

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Brazilian mining company Vale closed a deal to sell an additional 25% of the gold from its Salobo mine to Canada’s Silver Wheaton, as it seeks to shore up cash flow in a depressed commodities market.

Petrobras Accelerates Divestment Plan

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Brazil’s state-run oil firm said it would sell about $13.7 billion in assets in 2015 and 2016, a sharp increase from a previously announced divestment plan, as it continues to slim down in the wake of a vast corruption scandal.

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.

Mylan Posts Higher Profit and Sales

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Mylan Inc. said fourth-quarter profit rose 5% as the drug company said it had an “exceptional” quarter.

Salix Posts Loss Amid Push to Clear Inventory

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Salix swung to a loss in the fourth quarter as the drug maker recorded sharply lower revenue amid a push to clear out inventory ahead of its merger with Valeant.

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.

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