China's Gray Market Worries Auto Makers

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China is encouraging gray-market luxury-car sales, posing a challenge for Audi, BMW, Mercedes-Benz and others trying to hold on to profit margins considered some of the best in the world.

Vivendi's Bolloré Gets Double Voting Rights

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Vivendi chairman and its largest shareholder, Vincent Bolloré, scored himself double voting rights at the French media group’s shareholder meeting.

Western Executives Eye Iran's Oil At Vienna Summit

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An energy conference this week connected officials from international oil companies like Chevron Corp. with Iranian energy officials.

Bribery Charges Dropped Against Former News of the World Editor

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U.K. prosecutors dropped bribery charges against former News of the World editor Andy Coulson and eight others, a decision that effectively leaves in tatters a high-profile investigation of alleged illicit practices at British tabloids.

Sharp Nears Another Bailout

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The company aims to cut 5,000 jobs, trim troubled solar-panel and TV operations and sell its headquarters, while banks write off about $1.68 billion in loans in exchange for shares.

Ford to Develop Carbon-Fiber Material

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Ford Motor is entering into a joint venture with carbon-fiber manufacturer DowAksa, a move aimed at more widely using the costly material to reduce the weight of vehicles that need to meet tougher emissions standards.

Key Volkswagen Directors Back CEO

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Key members of Volkswagen’s supervisory board endorsed Chief Executive Martin Winterkorn and urged his employment contract be extended, a day after they met with him and Chairman Ferdinand Piech to quell friction between the two.

Noble Group Shareholders Challenge Management

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Noble Group shareholders questioned the company’s management on accounting at its annual general meeting, while there was sizable opposition to some of its pay policies.

PwC to Pay $65 Million to Settle Lawsuit Over MF Global

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PricewaterhouseCoopers agreed to pay $65 million to settle litigation over MF Global Holdings, which claimed PwC failed to properly audit the brokerage firm’s internal controls before it collapsed into bankruptcy in 2011.

GE's Quarterly Results Highlight Industrial's Strength, Weakness

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General Electric’s first-quarter earnings report showed that CEO Jeff Immelt’s strategy to exit banking and refocus on its industrial operations won’t be all smooth sailing.

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