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Citigroup's new CEO, Michael Corbat, is known for working with the nitty gritty of reducing the bank's bad asset exposure. He is well prepared to continue this task of cleanup. He headed the unit that holds Citigroup's bad assets and can continue reducing bad asset exposure, in addition to the task of executing a strategy that focusses on global businesses and higher end consumers.

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The selection of Kazuo Inamori, who headed Kyocera and KDDI Corp, to lead the turnaround of Japan Airlines Corp. (JAL). Inamori is a supporter of the Democratic Party of Japan and advises the government of prime minister Yukio Hatoyama. Along with Soichiro Honda, Akio Morita, and Matsushita, Inamori is highly respected in Japan for his management and entrepreneurial skills

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Whirlpool has negotiated an agreement with Suning Appliance Company in China to use its distribution network.

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BYD shares have fallen sharply as sales of its gasoline powered cars have declined in the Chinese market, declining by 43% from the high by Feb. 8, 2012. Part of the problem is that sales have shifted to foreign brands. BYD pushed ahead with developing electric car technologies, but the market appears to be moving in the direction of gasoline-electric hybrid cars, in which the Japanese manufacturers have the lead. BYD sold very basic cars at the low end of the price range. In 2009 and 2010 the government provided incentives with reduced sales tax for cars with small engines and subsidized sales in rural areas, which helped BYD sales. These program were phased out. In 2011 restrictions on cars went into effect for Beijing, with license plates for the municipal region reduced by two thirds, to limit the automobile congestion in the city. The license plates were distributed using a lottery system., This further shifted purchases to the higher price end made by foreign brands. BYD now sees the future sales potential in hybrid gasoline-electric cars and has changed its strategy....

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Japan Airlines plans for a $8.8 billion initial public offering in September 2012.

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The story of Inditex co-founder Rosalia Mera of La Coruna, Galicia, in Spain's northern region.