Calvin Klein CEO Tom Murry to Retire

Calvin Klein Chief Executive Tom Murry will step down on July 1, when current President and Chief Commercial Officer Steve Shiffman will take over as head of the apparel brand.



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Yanzhou Coal Plans to Slash China Workforce by 18%

China's Yanzhou Coal Mining Co. plans to cut around 18% of its workforce in China over the next three years and to restructure the senior management of its Australia unit.



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Global Bribery Crackdown Gains Steam

More countries are cracking down on companies that bribe foreign government officials after years of complaints by American firms that a tough U.S. regulation has put them at a competitive disadvantage overseas.



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Royal Mail to Eliminate 1,300 Jobs

The recently-listed U.K. mail company said it has to improve efficiency to compete better in the letters and parcel-delivery business.



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Pegatron Earnings Rise on Apple Ties

Pegatron, the main manufacturer of the iPhone 5C and iPad Mini, Monday posted a 22% jump in earnings, reflecting its growing role as a supplier for Apple.



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Centrica Clinches Deal for Irish Power Assets

The owner of British Gas, the U.K. household gas supplier, has taken advantage of Ireland's privatization program to expand outside of its home base.



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Shell Gas to Focus on Big Projects

Royal Dutch Shell's global gas division will focus on large ventures where it has more control as it continues trimming some holdings and unprofitable investments as part of a cost-cutting program, a senior executive said.



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