Sony to Issue Refunds to Settle FTC Deception Charges

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The Federal Trade Commission said Tuesday that Sony Computer Entertainment America will issue millions of dollars in refunds to settle charges that it deceived customers during the rollout of its PlayStation Vita hand-held gaming console.

Sotheby's CEO Eligible for $4 Million Severance

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Sotheby’s said that Chief Executive William Ruprecht, who is set to leave the auction house next year, is eligible to receive a $4 million dollar severance payment.

U.S. Jobless Claims Rise To 313,000

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The number of Americans seeking first-time jobless benefits leapt last week but remained at a level suggesting steady job growth.

Thomas Cook CEO Exit Panics Investors

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British travel group Thomas Cook has panicked investors by announcing the surprise departure of Chief Executive Harriet Green after just two years in the job.

CEOs' Test: Dealing With Activist Investors

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Shareholders have become more assertive in challenging CEOs since the financial crisis. How chief executives respond has become a new measure of their mettle.

Telefónica Works to Redraw Its Empire

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Telefónica has been rejiggering parts of its empire by retreating from markets where it lacked scale, and expanding in Latin America.

Indian Tobacco Shares Rebound

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Shares of Indian tobacco companies rebounded Wednesday after news that the country is planning to ban the sales of single cigarettes to discourage smoking in the South Asian nation triggered a tumble.

Deere Sees Big Decline in Equipment Sales

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Deere projected a 20% decline in farm equipment sales for the recently started business year, warning again that lower commodity prices and falling farm incomes are putting pressure on demand for agricultural machinery.

Alibaba to Invest More in India

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Alibaba Group Holding, China’s largest e-commerce company, is looking to invest more in India as it aims to expand its services beyond its home country.

Daily Mail Profit Rises

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U.K. newspaper publisher Daily Mail & General Trust’s full-year profit rose as growing advertising revenue at its popular MailOnline website helped to offset declining print revenue.

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