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The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
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J.P. Morgan says investors should remain guarded for the rest of August and wait until next month before buying stocks again.Marketsread more
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A Boeing 737 plane carrying 78 passengers plus crew landed safely at the main airport in Russia's second city of St. Petersburg on Wednesday after one of its engines failed.
"The plane made a safe landing ... no passengers were injured," Russian airline UTair, which operated the flight, said in a statement.
UTair is Russia's third-largest airline by passenger numbers and is more than 60 percent owned by a pension fund of oil company Surgutneftegaz. It carried 11.2 million passengers in 2014, up 7 percent on 2013.
The economic crisis has hit the company hard - it is being sued by a number of creditors over unpaid debts and defaulted on seven bond issues worth a combined 10 billion rubles late last year.
It has asked for state guarantees to help restructure its debt which stands at around 168 billion rubles ($2.95 billion), including 85.2 billion in leasing liabilities.