Joy Global Warns of Softness in 2015

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Joy Global more than doubled its earnings in the fourth quarter, but the struggling mining-equipment maker warned that 2015 would be another challenging year.

France Told To Do More for Investors

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French President François Hollande has to deliver on promises to make the country a more attractive place to do business, or face losing out in the race to lure foreign investment, say the heads of multinational firms in France.

EU to Widen Sweetheart Tax Deal Probe

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European Union authorities will widen a high-profile investigation into alleged sweetheart tax deals for multinational companies, in the bloc’s latest move to clamp down on aggressive tax avoidance.

Elevators Set to Take New Direction

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ThyssenKrupp is working on a cable-free elevator that would allow multiple cars to run in the same shaft, and to run sideways and diagonally as well as up and down.

American Apparel Fires CEO

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American Apparel said it officially terminated the employment of Chief Executive Dov Charney and has named veteran fashion executive Paula Schneider as his successor.

Europe's Deflation Struggle Intensifies

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Europe’s struggle to avoid a slide into deflation suffered a setback in November, as consumer prices across the European Union’s 28 members rose at the slowest annual pace in five years.

China Warms To a More Flexible Yuan

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After years of allowing nearly uninterrupted gains in the yuan, China is growing more willing to let it depreciate modestly while seeking to add flexibility to its trading.

General Mills Sales Slip on U.S. Weakness, Slow Growth Elsewhere

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General Mills said its sales fell in the most recent quarter amid continued weakness in the U.S. food industry and slowing growth in emerging markets.

Philips to Buy U.S. Medical-Imaging Firm

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Philips is buying U.S. medical-imaging company Volcano for around $1 billion as the Dutch technology company moves to further bolster its presence in the increasingly competitive health-care equipment sector.

Oil Price Drop to Weigh On GE 2015 Earnings

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GE warned its profits next year could be hurt by the plunge in oil prices, a new hurdle for CEO Jeff Immelt in his efforts to wring more growth out of the conglomerate’s industrial operations.

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