
Twitter is showing early signs of success selling advertising on mobile devices, an area that is bedeviling Internet companies including Facebook and Google.
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Toyota is expanding its recall of vehicles to fix a problem with floor mats that could lead to the accelerator pedal being entrapped.
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BMW and Toyota agreed to widen their cooperation to include lightweight vehicle parts, automotive fuel cells and electric drivetrains.
News Corp. CEO Rupert Murdoch long resisted any suggestion that the media conglomerate spin off the newspaper assets. But recently he became more receptive to the idea, and this week, he relented.
News Corp. CEO Rupert Murdoch said separating the publishing business from the entertainment business "would simplify operations and greater align strategic priorities."
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Ford warned it expects to lose roughly $570 million in its overseas operations in the second quarter, largely as a result of the slumping economy in Europe.
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Coca-Cola's and Ford's marketing chiefs offered support for Facebook marketing campaigns amid lingering doubts over the value and ability to measure results using ads on the social network.
An investor revolt in Britain over executive compensation spread further Wednesday, with shareholders of WPP giving an angry thumbs down to the 60% pay raise granted to founder and CEO Martin Sorrell.
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The Obama campaign, despite criticism from some of its supporters, plans to expand its attack on Mitt Romney's role at Bain Capital by more aggressively tying the private-equity firm's tactics to Mr. Romney's record as governor, campaign officials said.
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