Philips Profit Plunges

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Philips warned that it has fallen behind its financial targets following a number of setbacks that contributed to a 67% drop in fourth-quarter net profit.

Oil Slump Seen Crimping Near-Term Helicopter Demand

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Sharp cuts in oil and gas exploration budgets at companies from BP PLC to Royal Dutch Shell PLC are expected to crimp near-term helicopter demand as providers of these reassess operational priorities in a period of low crude prices

Corning Sales Grow on LCD Glass Demand

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Corning said that continued demand for its specialty materials, along with revenue growth from its acquisition of a Korean LCD-glass manufacturer, drove stronger-than-expected results for the fourth quarter.

Cheung Kong, Hutchison Whampoa Seek $7.1 Billion Loan

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Bankers have been asked to commit to the huge loan to finance Li Ka-shing’s spinoff of his real-estate assets from the two companies, people with knowledge of the deal said.

Russia Rating Slips to Junk, Hurting Ruble

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Russia’s fractured economy suffered another potential blow Monday after credit-rating firm Standard & Poor’s cut the country’s credit rating to junk.

The Business Side of Animal Rights

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Animal-welfare advocates are courting proxy advisory firms as a new Wall Street ally as they take on big U.S. meatpackers. The pitch: Mistreatment of animals can pose a risk to business.

Pork Prices Drop as Hog Herds Recover

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U.S. hogs are trading at the lowest prices in four years as herds have bounced back from a deadly virus. The price slide is benefiting consumers, who are paying less for ham, bacon and other pork products.

Asia's Insurers Sing for Sales

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When insurance agents in Indonesia try to “evoke a new spirit,” it isn’t a religious matter. They are revving up to do battle for customers—in song.

Yuan Falls Sharply

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China’s yuan fell to its weakest level in seven months, pushed lower by the central bank as Beijing adds to measures aimed at spurring growth.

Game Over for Struggling Mattel CEO

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Mattel CEO Bryan Stockton abruptly resigned, as another disastrous holiday season showed his recent efforts to revive the creative culture at the world’s largest toy company didn’t do the trick.

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