Mechanics Union Sues American Airlines

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A unit of a major mechanics union at American Airlines Group Inc. has filed a lawsuit alleging that managers pressured members to breach federal rules on aircraft maintenance, prompting an FAA investigation.

Digital-Music Services Face Another Oldies Challenge

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The owner of recordings by Hot Tuna, New Riders of the Purple Sage and the Flying Burrito Brothers filed lawsuits Thursday against several online music service operators including Apple, Google and Sony for using songs recorded before 1972 without permission.

Box's Stock Surges in Debut

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Shares of Box surged 66% in their market debut on Friday, a sign of strong demand for a company that has spent the past several months being lambasted for an outsize marketing budget and unclear path to profitability.

China's Kaisa Seeks to Raise Funds From Foreign Investors

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Cash-strapped Chinese property developer Kaisa Group Holdings is exploring ways to raise funds from foreign investors and is in talks with other Chinese developers to sell assets.

UPS Didn't Have a Happy Holiday

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United Parcel Service Inc. delivered holiday packages on time this season, but expensive holiday preparations added $200 million in unexpected costs.

Proxy Adviser Warns Companies on Shareholder Ballots

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Glass Lewis said it may recommend shareholders dissent from management-backed candidates if companies block shareholder-submitted proposals on the grounds that they ‘conflict’ with the companies’ proposals.

SpaceX to Drop Pentagon Suit Over Rocket Deals

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Elon Musk’s Space Exploration Technologies Corp. on Friday said it would drop a lawsuit brought against the Pentagon and the two largest defense contractors that attempted to break up an $11 billion deal to launch military and intelligence satellites.

Starbucks CEO Schultz's 2014 Total Pay Valued at $21.5 Million

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Starbucks said Chairman and Chief Executive Howard Schultz’s total compensation was valued at $21.5 million last year, up from $17.2 million in 2013.

Gap Abandons Online Brand Piperlime

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Gap Inc. is closing Piperlime, abandoning an online brand it launched to fend off hipper new Internet-based rivals.

Bombardier to Temporarily Lay Off 145

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Bombardier said it will temporarily lay off 145 workers at a railcar plant in Quebec, citing a delay in getting a component that is required in the construction of subway cars for the Montreal transit system.

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