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Daimler, VW dampen speculation about imminent CEO succession

MUNICH - Succession is not an imminent topic at Daimler or Volkswagen, the chief executives of both carmakers said on Thursday, adding that any potential candidates would most likely come from within their respective companies.

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Wal-Mart to close 30 underperforming stores in Japan, take charge

- Wal-Mart Stores Inc said on Thursday it would close 30 underperforming stores in Japan, scaling back in what was once considered one of the retailer's most promising markets and highlighting the hurdles it faces to securing growth overseas.

12:12pm EDT

Alibaba plays trademark card to protect lead as China's $8 billion e-commerce spree nears

BEIJING - A trademark spat between Chinese e-commerce giant Alibaba Group Holding Ltd and rival JD.com flared into public view after JD published an Alibaba letter urging publishers to be careful about advertising in promotions for China's annual "Singles' Day" spree, the world's largest online shopping day.

Tech, Media 10:19am EDT

Conoco third-quarter profit up but fourth-quarter output forecast cut

- ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported higher third-quarter profit from the sale of its Nigerian unit but lowered its fourth-quarter production outlook, sending shares down 1.4 percent.

Chrysler recalls 33,443 light trucks in U.S. for tire pressure issues

DETROIT - Chrysler Group said on Thursday that it was recalling 33,443 light trucks in two separate campaigns to prevent false warnings from the tire pressure monitor systems.

8:29am EDT

MasterCard profit beats driven by international business

- MasterCard Inc reported a better-than-expected 15.5 percent jump in quarterly profit as efforts to expand its international business pay off, with more people willing to use cards instead of cash.

12:08pm EDT

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