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Briefs: Hershey unveils new logo; Russian fund avoids sanctions; Casino revenue safe

Candy maker Hershey Company unveiled new corporate logos

Candy maker Hershey Company unveiled new corporate logos on Friday, Aug. 29, 2014. The new logos include the shape of a chocolate Kiss at the end of the company's name. The old logo is at left. Credit: AP / The Hershey Company

Here's what's happening in the world of business on August 29, 2014.

The big news

Hershey has a new logo, and it's not all that different from the old one. See for yourself.

Malaysia Airlines plans to cut 6,000 workers and sell its stock to a government investor as part of a $1.9 billion overhaul attempt for the brand devastated by two disasters: the disappearance of Flight 370 over the Indian Ocean in March and the shooting down of Flight 17 over the Ukraine in July.

Google wants in on the drone business, and said it is developing a fleet of unmanned craft to be used in package delivery.

Company news

Federal regulators are scrutinizing the proposed merger of Camel cigarettes maker Reynolds with Lorillard, which makes Newport-brand smokes. The Federal Trade Commission wants to make sure the $25 billion merger, which would create the second-largest tobacco U.S. company behind Marlboro maker Philip Morris, does not stifle competition in the tobacco market.

An early tally of Fiat investors shows there's plenty of support for the company's plan to merge with Chrysler.

Across the region

Though three casinos will soon close in New Jersey's Atlantic City, Fitch Ratings says the revenue generated will not be lost as gamblers will likely head to the remaining casinos on the strip.

The Comcast-Time Warner Cable merger isn't out of the woods yet. Regulators in New York have threatened to put a stop to the plan if concessions such as promising to keep jobs in New York and boosting broadband speed are not met.

It's the economy

The stock market has tripled in value in the past 5 years, leading to a lot of temptation to cash out before the next crash. But before you act, read this Associated Press explainer, which breaks down the reasons to stay in the market, or to take your money and run.

Consumer spending dropped in July, but only by 0.1 percent, the U.S. Commerce Department said Friday. One culprit: a lag in auto sales.

On the other hand, consumer sentiment rose in August as Americans grow more optimistic about the job market and the economy.

World business

Chinese Internet companies such as Baidu and Tencent are rolling out their own e-commerce platforms to compete with Alibaba, which has surged in popularity and plans to go public.

Eurozone inflation fell by 0.3 percent in August, suggesting the economy in the 18 countries in Europe that use the euro as currency may need a boost from the European Central Bank to keep prices from falling further.

Tesla plans to build 400 charging stations for its electric vehicles in China, partnering with state-owned China Unicom. The Chinese hope that the spread of electric cars in the country could help reduce smog.

The Russian Direct Investment Fund, which is backed by major American and European private equity businesses, has escaped sanctions that the United States has imposed on Russia over the incursions against Ukraine.

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