Rackspace Ends Sale Process

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Cloud-computing company Rackspace Hosting Inc. has ended its formal evaluation of a potential sale and named a new chief executive.

SAI Global Scraps Talks With Private-Equity Suitors

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Australian compliance-services business SAI Global said it has scrapped talks with two private-equity suitors after the consortium failed to lodge a final bid for the company by a Tuesday night deadline.

Microsoft Increases Dividend 11%

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Microsoft Corp. increased its quarterly dividend by 11% and named two new board members. The quarterly payout will increase to 31 cents from 28 cents.

GM Slashes Jobs and Output in Russia

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General Motors is slashing jobs and car production in Russia in the latest sign that weakening sales in the once-hot market now threaten the auto maker's turnaround in Europe.

Report Criticizes Auto-Safety Regulator in GM Ignition Case

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The National Highway Traffic Safety Administration should have known a faulty General Motors ignition switch was cutting off power to air bags in its vehicles as early as 2007 but either overlooked evidence or failed to grasp it, according to a congressional report.

AT&T Signals Interest in Mexico

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A top AT&T executive said the company is open to acquisitions in Mexico, where the telephone giant controlled by former partner Carlos Slim is planning to sell assets.

Florida Unit of Banco Espírito Probed

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U.S. regulatory agencies are investigating the Florida unit of Banco Espírito Santo, the latest front in a multinational effort to untangle the finances behind the collapsed Portuguese business empire.

Publicis Extends Levy's CEO Term

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Publicis once again extended the term of veteran Chief Executive Maurice Lévy, highlighting the French ad group's struggle to find a successor as it searches for ways to rebound from its failed megamerger with Omnicom.

FedEx Plans January Rate Increases

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FedEx Corp. will implement rate increases for its Express, Ground and Freight services as of Jan. 5.

U.S. Regulator Sues Corinthian Colleges

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The U.S. consumer-finance regulator has sued troubled for-profit education firm Corinthian Colleges Inc., alleging the company prodded students into taking out unaffordable loans and used aggressive debt collection tactics.

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