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Starwood CEO quits in 'mutual' decision

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Frits van Paasschen, president and chief executive of international hotel chain Starwood, has resigned "by mutual agreement with the board of directors," according to the company.

Rolls-Royce corruption claims spread to Brazil

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Allegations of corruption at the aircraft engine-maker Rolls-Royce spread to Brazil on Monday, adding to the woes of a group that is already involved in a Serious Fraud Office (SFO) investigation into bribery claims in China and Indonesia.