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Costa hits record sales as Starbucks tax woes rumble on
LONDON - Britain's Whitbread Plc has hit record sales at its expanding Costa Coffee business, serving almost 4 million customers in the same week that rival Starbucks Corp bowed to public criticism and agreed to pay more tax. | Video
ThyssenKrupp CEO pledges new era at troubled steelmaker
ESSEN, Germany - ThyssenKrupp's chief executive Heinrich Hiesinger vowed to fix problems at Germany's biggest steelmaker, after a disastrous overseas foray and corruption allegations that led him to oust half its management board. | Video
Sprint in talks with major Clearwire investors: sources
NEW YORK - Sprint Nextel Corp is in talks with Intel Corp and Comcast Corp to buy out their stakes in the U.S. wireless provider Clearwire Corp , two people familiar with the matter said on Tuesday.
Molycorp CEO resigns, shares fall
- Rare earth producer Molycorp Inc said Chief Executive Mark Smith has resigned, a month after the company revealed that it was under investigation by U.S. securities regulators over the accuracy of its public disclosures.
Genworth names Thomas McInerney CEO
- Genworth Financial Inc named Thomas McInerney chief executive as the insurer looks to move past the billions of dollars in losses from its mortgage insurance business.
Cardiome to pay $20 million, settle debt deal with Merck
- Cardiome Pharma Corp said it will pay former partner Merck & Co $20 million by March 31 to settle debt obligations related to a licensing deal for a heart drug.
Nexen, Progress rally after Canada clears foreign takeovers
TORONTO - Shares of Canadian takeover targets Nexen Inc and Progress Energy Resources Corp jumped on Monday after the Canadian government approved the two controversial bids for the oil companies by state-owned enterprises.
McDonald's "Dollar Menu" sparks November sales rebound
- McDonald's Corp's sales at established restaurants rose more than expected in November as a renewed emphasis on low-priced menu options, such as $1 Sausage McMuffins and coffee, helped the company bounce back from a rare decline in October, it said on Monday.
STMicro to quit ST-Ericsson mobile chip venture
PARIS - STMicroelectronics plans to quit its loss-making mobile chip joint venture with Ericsson in a drive to cut costs and catch up with larger, more profitable U.S. rivals.
Zogenix shares crash after negative FDA panel vote
- Shares of drugmaker Zogenix Inc lost nearly half of their value on Monday after a regulatory advisory committee voted against approving the company's painkiller due to addiction risks, and analysts said a U.S. approval was now unlikely.
No related earnings announcements are currently scheduled within the next 7 days.
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