NRG Energy Swings to Profit

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NRG Energy said it swung to a profit in the December quarter, as favorable margins helped earnings more than double in its renewables segment.

Pearson Confident of Bright Future

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Pearson is increasingly confident of the company’s prospects despite enduring a difficult 2014.

Treasury Wine Marketing Strategy Uncorks Potential

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It is unusual for a seller of premium wine to throw in discounts on goods such as refrigerators and televisions. For Australia’s Treasury Wine Estates, however, this marketing strategy appears to be working.

BASF Profit Lifted by Chemicals

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The world’s largest chemicals company reported a 25% rise in net profit for the fourth quarter, boosted by strong growth in its chemicals businesses. But the company was held back by a sharp earnings decline in its oil and gas business.

Yamaha Prepares to Build 2-Seater Car

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After five decades of focusing on motorbikes, Yamaha is considering introducing a two-seater commuter car in Europe as early as 2019.

British Airways Parent Raises 2015 Target

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British Airways parent IAG raised its 2015 operating profit target 22% on further cost discipline after the carrier reported a sharp jump in net profit for last year.

IBM Shifts $4 Billion to Cloud and Mobile

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IBM plans to shift $4 billion in 2015 spending to what it calls the “strategic imperatives” of cloud, analytics, mobile, social and security technologies.

New York's Daily News Exploring Possibility of Sale

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The Daily News, one of the largest daily newspapers in the U.S., is exploring the possibility of a sale, its owner said Thursday.

Barnes & Noble to Keep Nook Business

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Barnes & Noble said Thursday that it plans to spin off its college bookstore unit from its retail and Nook operations, scrapping a plan to spin off its struggling e-book business.

Sears Extends Dismantling of Company

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Sears updated its plans to split off up to 300 of its best stores into a separate company as it also reported a $159 million loss and declining sales over the holidays.

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