Business

Business

• Ericsson closes down cable production, cuts jobs

  Wireless equipment maker Ericsson AB says it will close down its telecom cable manufacturing operation and cut around 350 jobs in Sweden. 

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  Does France have right plan to revive its economy?

  The man charged with reviving France's shrinking economy and attracting businesses to invest here is gaining a reputation for doing the opposite. 

• Man United earns EPL-record $93M from broadcasters

  Manchester United earned a record 60.8 million pounds ($92.7 million) in Premier League television revenue this season en route to a 20th English ... 

• German central bank: Economy to improve 'markedly'

  Germany's central bank expects the country's economy to improve "markedly" in the second quarter — a development that could boost the wider eurozone ... 

• Oil price down to near $96 as traders wait for Fed

  The price of oil fell to near $96 per barrel Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy. By early ... 

• Vodafone annual profits up 1.9 percent

  U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations. 

• How the French economy compares to Germany's, UK's

  Here's how the struggling French economy stacks up compared to Germany's and Britain's. GROSS DOMESTIC PRODUCT (2012) France: 2 trillion euros ($2. 

• Correction: Cyprus-Breaking Barriers story

  In a story April 27 marking the 10th anniversary of the breaching of the barriers carving up Cyprus, The Associated Press erroneously reported that ... 

• British inflation eases by more than expected

  Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares. The Office for ... 

• Head of embattled G4S security force retires

  The chief executive of security firm G4S is to retire after a tumultuous year that saw the company fail to fulfill its Olympic contract. The company ... 

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  Asia stocks muted ahead of Fed meeting

  Asian stock markets struggled to post gains Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its ... 

• Judge tosses ex-BP executive's obstruction charge

  A federal judge has dismissed a charge that is the backbone of the case against a former BP executive accused of concealing information from Congress ... 

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  Brits buy lease to Broadway's biggest theater

  Britain's biggest theater group has reached across the Atlantic Ocean and bought the lease to Broadway's largest theater from Live Nation ... 

• Ryanair keeps growing, reports record profits

  Ryanair reported record profits Monday as Europe's largest budget airline expanded its route network across the continent and into North Africa. 

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  Jordan: Arab Spring clears way for press freedoms

  The Arab Spring uprisings that toppled four Arab leaders have forced Mideast governments to allow more freedom of expression and of the press, ... 

• Ex-Saab executives arrested on accounting charges

  A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges. Prosecutor Olof ... 

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  NBC hires news division chief from Britain

  NBC has gone out of the company and out of the U.S. to find a president for its news division, naming the first woman to hold the top job at its news ... 

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  Russian oligarchs foot most of 2014 Sochi Olympics

  The mountains of Sochi are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump. The nicknames used by locals and an army of ... 

• US says Pakistan curbing explosive fertilizers

  Pakistan has taken a number of steps to prevent fertilizers made within its borders for agriculture from being used as explosives in roadside bombs ... 

• 51 die in 2 South Sudan clashes; army retakes town

  Twenty-four people died in a battle between South Sudan's military and rebel fighters the government believes to be supported by neighboring Sudan, ... 

• Actavis buying Warner Chilcott in $8.5B deal

  Actavis is buying Warner Chilcott in an all-stock transaction valued at about $8.5 billion which would create the third-biggest specialty ... 

• Oil price falls below $96 a barrel

  The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a ... 

• China asks NKorea to release fishing boat, crew

  China is urging North Korea to release a Chinese fishing boat whose owner says it was seized by gun-toting North Koreans earlier this month and held ...