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Business

CSX Q1 Earnings Up Slightly Despite Flat Revenue

CSX Corp. announced first-quarter net earnings of $459 million, or $0.45 per share, versus $449 million, or $0.43 per share, in the same period last year.

Occidental Petroleum Says CEO Will Stay Through 2014

Occidental Petroleum Corp. said Monday that Chief Executive Steve Chazen would remain at the helm through 2014 as the company restricted compensation packages and tightened requirements for serving on its board.

Twitter Creator Wants to Square Fast-food Payments

Jack Dorsey, creator of Twitter, expects his point-of-sale system Square Register to change the way small fast-food businesses operate.

Kodak Reaches Deal on $2.8 Billion Debt

U.S. film company Eastman Kodak Co. said it had reached a deal to swap its camera film business for a $2.8 billion debt owed to a pension fund.

One WTC Ready to Be Tallest Building in Hemisphere

One World Trade Center will become the tallest building in the Western Hemisphere on Monday when workers raise the final two section's of the skyscraper's 408-foot spire, bringing in the final height to 1,776 feet.

Deutsche Bank Surprises With Increase in Capital, Profits

Deutsche Bank surprised markets on Monday by unveiling plans to boost its balance sheet by raising $3.7 billion through a capital increase and a strong gain in first-quarter profit.

Santander's CEO Resigns

Santander, Spain's biggest bank, said Monday that CEO Alfredo Saenz was stepping down voluntarily, to be replaced by Javier Marin.

Greening Scourge Hits Fla. Citrus Industry

The Sunshine State's citrus industry is facing a pinhead-size bug that slowly kills trees while turning normally sweet fruit bitter and misshapen.

JP Morgan Senior Exec Bisignano on the Way Out

Frank Bisignano, co-chief operating officer at JPMorgan Chase, is on his way out following a multibillion-dollar trading loss.

New Hostess Begins Hiring

The new owners of Hostess said they were beginning the hiring process at one of their remodeled plants in Georgia without an open-door policy toward a union.

Netflix CEO Reed Hastings Compensated $5.5M in 2012

Netflix Chief Executive Reed Hastings received about $5.5 million in total compensation last year, a 40% drop from 2011, when his package was valued at $9.3 million.

Burger King Reports Good Q1

Burger King Worldwide on Friday reported strong first-quarter earnings growth, despite tough competition and a challenging economic environment that led to a decline in year-over-year comparable global sales.

Starbucks Brews Up Higher Profits

Starbucks (SBUX) gave its investors another shot of financial caffeine late Thursday after putting up another quarter of strong profits, continuing the company's string of growth.

First Dreamliner Flight Since Groundings Lands in Nairobi

Ethiopian Airlines Saturday flew the first passenger flight using Boeing's 787 Dreamliner since the aircraft was grounded worldwide in January after battery malfunctions.

Federal Refi Program for Underwater Homeowners Hits Its Stride

The Obama administration's Home Affordable Refinance Program is at last helping legions of American homeowners with upside-down mortgages.