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Chinese court sentences former Sinopec president to 15 and half years in prison

BEIJING (Reuters) – A Chinese court has jailed Wang Tianpu, the former president of Sinopec Group, for 15 and a half years for graft, state television said on Tuesday citing a court verdict. Sinopec Group is the parent of oil major Sinopec Corp . (Reporting by

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Chinese court sentences former Sinopec president to 15 and half years in prison

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DuPont CEO Breen says Trump win unlikely to impact Dow deal

Executives and dealmakers are looking for signs of whether the incoming Trump administration will take a traditional Republican approach to major mergers and treat them with a lighter touch. Breen said he does not expect Trump's rhetoric would make the president-elect's administration

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DuPont CEO Breen says Trump win unlikely to impact Dow deal

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Japan nearly doubles Fukushima disaster-related cost to $188 billion

Japan's Ministry of Economy, Trade and Industry (METI) said on Friday it has nearly doubled its projections for costs related to the Fukushima nuclear disaster, including decommissioning and compensation, to 21.5 trillion yen ($188.40 billion). Subsequent explosions released massive amounts of radiation, forcing the evacuation of 160,000 people from areas around the plant.

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Japan nearly doubles Fukushima disaster-related cost to $188 billion

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Wife of billionaire Pimco co-founder Bill Gross files for divorce

NEW YORK (Reuters) – The wife of Pacific Investment Management Co co-founder Bill Gross is seeking a divorce after 31 years of marriage.

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Wife of billionaire Pimco co-founder Bill Gross files for divorce

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Saudi Arabia tells oil buyers of cuts after OPEC deal, PIRA says

NEW YORK (Reuters) – Saudi Arabia is informing its customers of cuts to their January crude oil supplies to comply with the latest OPEC agreement, according to a PIRA note late on Thursday. The note adds that cuts will be to varying degrees, but is likely to

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Saudi Arabia tells oil buyers of cuts after OPEC deal, PIRA says

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Chevron posts largest quarterly loss since 2001 on weak oil prices

HOUSTON (Reuters) – Chevron Corp, the second-largest U.S.-based oil producer, posted a second-quarter loss on Friday, its largest since 2001, due to the slump in crude prices and refining income. The company lost $1.47 billion, or $1.07 per share, compared with a net profit of $571 million, or 30 cents per share, in the year-ago period. Production fell about 3 percent to 2.53 million barrels of oil equivalent per day (boe

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Chevron posts largest quarterly loss since 2001 on weak oil prices

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GM recalling nearly 290,000 U.S. cars for air bag defect

WASHINGTON (Reuters) – General Motors Co said Thursday it is recalling nearly 290,000 older Chevrolet Impala cars in the United States because the air bag may not deploy in the event of the crash. The largest U.S. automaker said the front passenger seat frame in the 2009 and 2010 model Impala cars may rub against and damage electrical wires, which could cause the airbag fuse to short. Dealers will add anti-

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GM recalling nearly 290,000 U.S. cars for air bag defect

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U.S. prosecutors consider more charges against ex-CEO Shkreli

NEW YORK (Reuters) – Former drug executive Martin Shkreli, who last year became a lightning rod for outrage over soaring prescription drug prices, may face additional U.S. charges of securities fraud, a federal prosecutor

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U.S. prosecutors consider more charges against ex-CEO Shkreli

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Orange and Bouygues boards to meet Wednesday on telecoms tie-up: sources

The Orange and Bouygues boards are scheduled to meet separately on Wednesday to discuss the planned sale of Bouygues's telecom unit, two sources close to the matter said. With one day remaining before the deadline set by both companies for agreement on the 10 billion euro …

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Orange and Bouygues boards to meet Wednesday on telecoms tie-up: sources

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Chrysler to recall 60,000 SUVs in China over ABS braking issue: watchdog

SHANGHAI (Reuters) – Fiat Chrysler Automobiles NV's China unit will recall over 60,000 sport-utility vehicles in the country due to issues related to the cars' anti-skid braking (ABS) systems, a Chinese regulator said in a statement on Tuesday. China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said that under …

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Chrysler to recall 60,000 SUVs in China over ABS braking issue: watchdog

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