Business Stories from February 2, 2016 (Change date)
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Close ally of former Czech PM convicted in bribery caseFeb 02, 2016 6:00 am - PRAGUE (AP) - A close friend and key adviser of former Czech Prime Minister Mirek Topolanek has been convicted of bribery and sentenced to five years in prison. Prague's...
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EU and US reach new data-sharing agreementFeb 02, 2016 6:00 am - BRUSSELS (AP) - The European Union and the United States struck a deal Tuesday over data-sharing that will allow the likes of Facebook and Apple to continue sending peop...
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Yahoo to cut 1,700 workers as CEO tries to save her own jobFeb 02, 2016 6:00 am - SAN FRANCISCO (AP) - Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can sa...
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Russia open to meeting with major oil-producing countriesFeb 02, 2016 6:00 am - ABU DHABI, United Arab Emirates (AP) - Russia says it is open to a meeting with fellow major oil-producing nations to discuss production levels amid a plunge in global o...
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Exxon's 4Q and annual profit plunge with oil pricesFeb 02, 2016 6:00 am - DALLAS (AP) - The big plunge in crude prices is taking a toll on Big Oil. Exxon Mobil Corp. said Tuesday that fourth-quarter profit fell 58 percent to $2.78 billion. It ...
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Smokers in Italy hit with new fines to protect the youngFeb 02, 2016 6:00 am - ROME (AP) - Smokers in Italy are now facing fines of up to 500 euros ($600) if they light up in a car with a child or pregnant woman - or if they toss a cigarette butt o...
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Microsoft recalls power cords for Surface Pro tabletsFeb 02, 2016 6:00 am - Microsoft is recalling about 2.44 million AC power cords for its Surface Pro, Surface Pro 2, and Surface Pro 3 computers sold before March 15, 2015, because of a potenti...
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Shkreli wants to 'berate' Congress, but will take the FifthFeb 02, 2016 6:00 am - NEW YORK (AP) - Former pharmaceutical CEO Martin Shkreli says he'd like to "berate" and "insult" Congress - but instead will take the Fifth Amendment during questioning ...
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Cheap oil buoys consumers, shakes up global governmentsFeb 02, 2016 6:00 am - Cheap oil will be sticking around for a while. That reality is wreaking havoc and causing uncertainty for some governments and businesses, while creating financial windf...
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UBS bank shares plunge as rich investors withdraw moneyFeb 02, 2016 6:00 am - FRANKFURT, Germany (AP) - Swiss bank UBS saw its shares slide on Tuesday on news that investors had pulled billions out of its division serving wealthy clients - a token...