Valeant Files Overdue Annual Report, Makes Sweeping Board Changes

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Valeant filed its overdue annual report, resolving the looming danger of debt default and at revealing a number of new investigations into its business practices. It also outlined sweeping board changes as it seeks to change its tone at the top of the company.

Amazon Delivers 4th Straight Profit

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Amazon swung to a better-than-expected first-quarter profit—its largest ever for a quarter—as the company benefited from surging growth in its Web services division.

Priceline's Ousted CEO's Pay Fell 32% After Board Rebuke

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Priceline Group’s ousted CEO Darren Huston’s compensation dropped 32% last year after fellow directors decided not to pay him a cash bonus as they investigated a relationship they later deemed inappropriate.

Johnson Controls Uses Radio Tags to Track Inventory

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A push into RFID tagging helped auto-parts maker Johnson Controls pinpoint the costly detours of shipping boxes and solve a logistics riddle that grows out of the automotive industry’s sprawling supply chain.

U.S. Consumer Sentiment Fell as Caution Continued

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A closely watched gauge of U.S. consumer sentiment—the University of Michigan consumer-sentiment index—continued to decline in April, the latest evidence of growing worry about the economy’s momentum.

Soaring Tobacco Stocks Prompt Calpers to Reconsider Investment

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The California Public Employees’ Retirement System may reconsider a decision it made 16 years ago to sell tobacco holdings after an outside consultancy concluded that it missed out on up to $3 billion in net investment gains.

Exxon Mobil Posts Smallest Profit Since 1999 Merger

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Exxon Mobil, the largest U.S. oil company, reported its smallest quarterly profit since 1999, a 63% plunge from a year ago, as oil prices remain depressed.

Earnings on Pace for Third Straight Decline

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U.S. corporate profits are set to decline for the third straight quarter, the longest and broadest slide in earnings since the financial crisis, weighed down by the energy slump and slowing growth around the world.

Volkswagen: Why Digital Could Be Harder than Diesel

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The emissions scandal continues to distract Volkswagen’s management from its real problem: technological disruption.

Rovi to Buy TiVo in $1.1 Billion Deal

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Rovi Corp. said it would acquire TiVo Inc. for about $1.1 billion, a tie-up that comes as consumers are increasingly changing how they watch videos.

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