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The Wall Street Journal: Charges filed in Brazil over alleged bid to bribe Petrobras
2014-12-12 15:24:13| Oil & Gas - Topix.net
Brazilian prosecutors on Thursday filed charges against 36 suspects in a corruption investigation alleging construction companies bribed public officials and overbilled state-controlled energy giant Petroleo Brasileiro SA Among those charged were 23 executives from six of the biggest construction companies in Brazil: Camargo CorrAaa SA, Engevix, GalvA o Engenharia, Mendes JAonior, OAS and UTC Engenharia SA. Also among them were Paulo Roberto Costa, the former director of Petrobras' refining division, and Alberto Youssef, an alleged black-market currency dealer who is accused of distributing the bribe payments.
Wall Street bounces after three-day slump
2014-12-12 14:53:27| Apparel - Topix.net
US stocks rose on Thursday as upbeat retail sales figures and other US data pointed to a strengthening economy and lifted optimism about consumer spending. Indexes ended well off their highs for the day, however, paring gains late in the session as US crude oil fell below $60 a barrel for the first time in five years.
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Tyson Foods' execs travel to Wall Street to push optimistic outlook
2014-12-11 06:39:16| Food - Topix.net
Tyson Foods execs were seen on Wall Street Wednesday in business suits rather than their signature khaki. The Springdale-based execs gathered for an investor conference in Manhattan and CEO Donnie Smith made an appearance on CNBC's Closing Bell Segment.
Wall Street Breakfast: BP To Spend $1B On Restructuring
2014-12-10 17:19:02| Footwear - Topix.net
Economy A final agreement has been reached on a $1.1T U.S. spending bill that would prevent a government shutdown at midnight on Thursday and fund every government agency but the Department of Homeland Security through next September. The bill largely keeps fiscal 2015 domestic spending unchanged, but as the deadline loomed, a number of policy provisions were negotiated into the measure, including easing of regulations on the environment and financial derivatives trading.
The Wall Street Journal: Merck drug shrank tumors in some breast cancer patients in trial
2014-12-10 16:19:02| Biotech - Topix.net
A Merck & Co. drug shrank tumors in about 18.5% of women with an aggressive form of breast cancer in a small clinical trial, an early sign of the potential of immunotherapy to treat breast tumors.
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