American Airlines Lifted by Fuel Prices

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American Airlines, flush from buoyant full-year profits and looking ahead to even better performance in 2015, won’t alter its strategy as a result of sharply lower oil prices, its chief executive said.

Mitsubishi, Renault Scrap Car-Making Tie-Up

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Renault’s international expansion plans are encountering obstacles with a proposed joint-venture with Mitsubishi scrapped and its struggling business in Russia disclosing another round of layoffs.

Siemens Answers Investor Critics

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Siemens chief says U.S. is central to the company’s growth but comes under fire on the planned buy of U.S. oil-equipment maker Dresser-Rand Group.

Aer Lingus Set to Recommend IAG Takeover

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British Airways parent International Consolidated Airlines Group said the board of Aer Lingus is ready to recommend a sweetened takeover offer for the Irish carrier.

FTC Clears Safeway-Albertsons Merger

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The U.S. Federal Trade Commission cleared the merger of supermarket operators Safeway Inc. and Albertsons after the companies agreed to sell 168 stores to address the commission’s competition concerns.

Pfizer Sales Hit by Stronger Dollar

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Pfizer said a strong U.S. dollar and recent drug-patent losses contributed to a 52% drop in net income in the fourth quarter and would depress results this year.

A New Set of Eyes on P&G's Beauty Business

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David Taylor, who has emerged as the top contender for the CEO job at Procter & Gamble, made his mark in part by overseeing big divestitures. Now he is tasked with fixing the beauty division.

Strong Dollar Hangs Over Companies, Rattling Investors

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The stronger dollar is suppressing sales and profits at America’s big companies, prompting them to put renewed emphasis on cost cutting and adding pressure on the broader U.S. economy.

Cliffs Natural Resources To Restructure Mine

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Cliffs Natural Resources Inc. will restructure its Canadian Bloom Lake iron-ore mine, saying the business has stopped generating revenue and can longer meet its obligations.

China Aims to Prop Up Its Chip Makers

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As China tries to forestall foreign governments from tapping its phones, the country is investing growing amounts of money into domestic chip makers and tasking them with developing processors for “safe phones.”

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