Oil Companies Show Interest in Mexican Auction

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More than 40 oil companies have sought access to geological data under Mexico’s first oil auction in eight decades, showing interest is holding up despite low oil prices, according to the nation’s hydrocarbons regulator.

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.

Brazil's Grupo OAS Files for Bankruptcy Protection

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Brazilian conglomerate Grupo OAS said it filed for bankruptcy protection in a São Paulo state court for nine of its units amid a corruption investigation that has engulfed some of Brazil´s largest construction firms.

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.

'Summer' Movies Show Up Early

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What makes a “summer” movie? As Hollywood churns out more big-budget “tentpoles,” a packed calendar from May-to-August means more such films are being released in March and April.

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.

GoDaddy Out to Lose Bad-Boy Image

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Customers recognize GoDaddy from ads with Danica Patrick and others but the web-hosting firm now hopes an IPO will help its transition to serious small business Web partner.

Huawei Profit Jumps

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Huawei’s 2014 net profit rose 33% on higher revenue, as the company cited its better management of foreign-exchange risks and borrowing costs.

Philips Sells Lighting Business

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Dutch electronics group Philips has sold a majority stake in its light-emitting diode components and automotive-lighting activities to a private-equity consortium in a cash deal that values the business at about $3.3 billion.

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