Tesco Corp. Cuts Outlook

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Tesco Corp. slashed its outlook for its current quarter on Monday, saying the rapid decline in energy prices is hampering demand for its drilling equipment.

Airbus Delivers First A350 to Qatar Airways

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Airbus has delivered its first A350 twin-engine jetliner to Qatar Airways, capping a $15 billion dollar development program.

Monday's Deluge to Test UPS's New System

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UPS all year has been focused on one day above the rest: Monday Dec. 22, when it will deliver 34 million packages, more than any other in its history—putting a new high-tech sorting system to the test.

Tesco Faces Fresh Accounting Investigation

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The U.K.’s Financial Reporting Council said it has launched an investigation into Tesco’s accounts for fiscal 2012, 2013 and 2014, following the recent accounting scandal at the supermarket chain.

Uneasy Rider: Boomer Deaths in Motorcycle Crashes Jump

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Motorcycle riders between 55- and 64-years-old accounted for 16.3% of motorcycle crash deaths in 2013, up from 9.3% a decade earlier and less than 3% in the early 1990s, according to statistics from the U.S. traffic safety agency.

Google Sues Mississippi Over Campaign to Restrict Searches

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Google Inc. sued Mississippi Attorney General Jim Hood on Friday, seeking to prevent him from enforcing a wide-ranging subpoena that has become entangled in a dispute between Google and Hollywood.

Rosneft Repays $7 Billion of TNK-BP Bridge Loan

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Oil giant OAO Rosneft said it has paid back $7 billion of a bridge loan it had taken to acquire TNK-BP, the largest foreign debt repayment by a Russian company since Western sanctions were imposed.

Thomas Kwok to Be Sentenced Tuesday

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A judge is set to announce sentences on Tuesday for billionaire real-estate developer Thomas Kwok, Hong Kong’s former No. 2 official and two others convicted on corruption charges, in a trial that has riveted the city.

Thaw Boosts Cuba-Asset Claims

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Now that the U.S. is moving to normalize relations with Cuba, the countries will have to deal with claims, valued at over $7 billion, from firms whose property was nationalized.

Bang & Olufsen Sounds Profit Warning

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Danish high-end consumer electronics company Bang & Olufsen has cut its earnings guidance for the current fiscal year, citing production ramp-up and supply-chain issues.

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