EU Seeks Information on Luxembourg's Tax Dealings With McDonald's

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European Union authorities are seeking information from Luxembourg over its tax dealings with McDonald’s, in the latest phase of a widening investigation.

Wendy's Backs Shareholder Move on Boards

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Wendy’s has agreed to support a proxy-access amendment allowing big shareholders to nominate candidates to the fast-food chain’s board, after similar moves by other major companies such as Citigroup in recent months.

UTi Worldwide Loss Widens

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UTi Worldwide Inc. said its fiscal fourth-quarter loss widened sharply on one-time expenses related to recent restructuring efforts, as well as a decline in revenue.

Laricina Gets Creditor Protection

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Oil-sands company Laricina Energy said it has obtained creditor protection in Canada after getting a demand for payment from its key lender and largest shareholder, which says it is owed about $137 million.

Harman Buys Luxury-Car Stereo Business

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Harman International, a maker of in-car multimedia systems, is buying the automotive side of Bang & Olufsen, giving the Stamford, Conn., company a dominant position in the branded car sound-system business.

Ally Financial To Stay In Detroit

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Ally Financial will remain a mainstay of Detroit after the company announced plans Tuesday to move to a new office building in the downtown area.

H-P Sues Ex-Autonomy Executives

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Hewlett-Packard said it filed suit against two former senior officials of Autonomy, the U.K. software firm that H-P purchased and then accused of misrepresenting its financial condition.

How Wall Street Helps Tech Workers Cash In

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Financial firms are creating a murky market where the red-hot stocks of closely held technology companies trade largely out of sight of regulators, other investors and the companies themselves.

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