Hershey to Buy Beef Jerky Maker

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Hershey Co. said it plans to buy Krave Pure Foods Inc., a maker of premium beef jerky, giving the candy company a taste of the emerging meat-snack market as Hershey’s sales start to stagger.

Nickelodeon Plans Paid Video Service

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Viacom became the latest media company to venture outside the cable bundle by announcing that Nickelodeon will launch a subscription video service available to people who aren’t pay-TV customers.

Samsung, Apple Battle for Top Spot

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The fortunes of the world’s two biggest smartphone makers crossed paths again, as contrasting earnings reports from Apple and Samsung Electronics put the two technology giants back in a dead heat for leadership of the global market.

Coach Reshuffles Execs as Earnings Fall Less Than Expected

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Coach shook up its management as sales in North America continued to post steep declines, but the company noted progress in its turnaround efforts.

Shell to Cut Spending

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Royal Dutch Shell posted higher profit but said it would freeze dividend payments and curb planned spending over the next three years by some $15 billion as it struggles with weaker oil prices.

GM's Opel to Halt St. Petersburg Production

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General Motors Co’s Opel unit, responding to the slump in the Russian market, will halt production for nearly two months at its St. Petersburg, Russia, facility and review its plans for the region.

FCC Raises Billions in Spectrum Sale

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The Federal Communications Commission’s biggest ever auction of wireless spectrum closed Thursday and raised a record $44.9 billion, a sign of the growing cost of supporting Americans’ smartphone habit.

Nokia Notches Up Better-Than-Expected Profit

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Finland’s Nokia Corp. reported better-than-expected fourth-quarter net profit and fattened its dividend but investors took fright at a fall in revenue from the licensing of its large catalog of patents.

Harley-Davidson Sales Growth Worldwide Tops U.S.

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Harley-Davidson Inc., socked by the strong dollar and tougher pricing competition, reported Thursday a 1.2% decline in profit for the fourth quarter.

McDonald's CEO Out as Sales Drop

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McDonald’s said Chief Executive Don Thompson was leaving, less than three years into his tenure, and promoted a company veteran to try to revive the fast-food giant from its worst slump in more than a decade.

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