Financial Times

AAR rejects proposed $1bn TNK-BP payout

Move by Russian billionaire partners to torpedo BP's dividend proposal puts further pressure on the UK oil group to resolve dispute over the company

Friedrich Joussen, who led Vodafone's German unit for seven years, will replace Michael Frenzel as the travel group's new head in February 2013

German lender feels impact of eurozone crisis amid low investor confidence and as companies elect not to pursue initial public offerings

Nintendo shows more than 20 games for its Wii U unit, due out later this year

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