Wednesday, November 30, 2016

China's Wanda Faces Renewed Scrutiny

Top Senate Democrat Chuck Schumer is calling for increased scrutiny of China’s ambitions in Hollywood and other sectors, lending a critical new voice to a cause championed by President-elect Donald Trump.

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Invitation Homes Files Confidentially for an IPO

Blackstone Group’s Invitation Homes, which manages the largest pool of rental homes in the U.S., has filed confidentially for an initial public offering that could come as soon as January, according to people familiar with the matter.

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CSX Sees Improving Demand Trends, Notably for Coal Shipments

CSX Corp. reported improving demand trends for the current quarter in many of its markets, particularly for coal, which in recent years has seen shipment declines that have hit results across the railroad sector.

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How High Will Art Prices Go?

A big-picture look at the top auction houses and the most expensive works.

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Some Google Accounts Hit by Malicious Android Apps

Malicious software disguised as legitimate apps for Android smartphones and tablets has seized control of more than one million Google accounts since August, according to research from security firm Check Point.

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House Passes Bill to Speed Drug Approvals, Boost Medical Research

The House passed far-reaching legislation aimed at bolstering federal funds for biomedical research and speeding up drug and medical-device approvals, a goal long sought by the pharmaceutical industry.

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Close Calls on U.S. Airport Runways Climb Sharply

Hazardous runway incidents at U.S. airports increased for the third year in a row in fiscal 2016, significantly exceeding federal safety targets in five of the 12 months and climbing 25% overall from the prior year.

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Training Future Executives in Artificial Intelligence

Top business schools are putting artificial intelligence into case studies and course work, arguing executives will need to understand how to harness AI.

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Facebook COO Sheryl Sandberg Donates $100 Million to Charities

Facebook Inc. Chief Operating Officer Sheryl Sandberg put more than $100 million into her charitable fund with plans to give to groups that promote women’s rights and help grieving families.

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Tesla Wins Right to Operate Dealerships in Richmond, Va.

Tesla Motors Inc., facing opposition from the owners of car dealerships, is now eligible to operate its own stores in Richmond, Va., the Virginia Department of Motor Vehicles commissioner ruled on Wednesday.

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Startup Gives Away Semiautonomous-Driving Software

George Hotz, a 27-year-old coder who believes auto makers have been too slow to roll out self-driving vehicles, on Wednesday started giving away software to enable certain cars with semiautonomous driving features, a gambit to circumvent regulatory authority over self-driving cars.

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Disney Boosts 2016 Dividend By 8.8%

Walt Disney Co. declared a dividend of 78 cents for the second half of 2016, increasing its total payout for the year by 8.8%.

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White House Pushing Cuba on Deals for GE, Google

General Electric and Google are among firms U.S. officials believe will secure agreements to operate in Cuba as the Obama administration presses Havana to complete pending deals before Donald Trump takes office.

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Amazon Uses Trucks to Drive Data Faster

Retail giant Amazon on Wednesday proposed a surprising way to move data from large corporate customers’ data centers to its public cloud-computing operation: by truck.

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Guess Cuts Outlook, Posts Disappointing Results

Guess Inc. cut its earnings guidance for the year and posted disappointing results for the latest quarter.

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Trump's Treasury Choice Says 'No Absolute Tax Cut' for the Wealthy

Donald Trump’s choice for Treasury secretary said there will be “no absolute tax cut” for high-income households, a promise at odds with tax proposals from Mr. Trump and House Republicans.

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Box Boosts Outlook as Sales Rise 31%

Web-storage company Box raised its annual guidance Wednesday as it posted better-than-expected results for its latest quarter, which included a 31% jump in sales.

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Red Sox 'Big Papi' Takes a Swing at Private-Equity

Former Red Sox slugger David Ortiz said he and a star-studded group of former players are launching Dugout Ventures, a private-equity fund that will focus on companies manufacturing the next generation of baseball equipment.

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U.S. Stocks End Month With Gains

The Dow Jones Industrial Average rose at the end of a month marked by several records and the blue-chip index’s first close above 19000 following the U.S. presidential election.

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The Cable-Cutting Dream Is Kind of a Myth

Geoffrey A. Fowler explains how to get the most from new pay-TV services like DirecTV Now, Sling TV and PlayStation Vue.

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Valeant's Discussions to Sell Salix to Takeda Have Broken Down

Valeant’s talks to sell a stomach-drug business to Japan’s Takeda Pharmaceutical for roughly $10 billion have broken down.

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GoPro to Cut 15% of Jobs Amid Restructuring

GoPro is cutting 15% of its workforce after attempts to branch out beyond its core business of action cameras failed to gain traction.

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OPEC Deal Could Buck Tradition and Help World Economy

Traditional economics says a boost in oil prices is bad for global growth, but higher crude prices stemming from OPEC’s production deal could bolster several nations’ economies.

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Trump Says He Will Take Himself Out of His Business Operations

President-elect Donald Trump is taking steps to separate himself from his business “in total in order to fully focus on running the country,” responding to criticism that his global real-estate empire might pose unprecedented conflicts of interest.

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American Eagle Same-Store Sales Growth Disappoints

American Eagle Outfitters said comparable-store sales at its namesake stores rose at a smaller rate than in previous quarters.

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Creator of the Big Mac Dies

Jim Delligatti, who livened up McDonald’s menu by inventing the Big Mac, died earlier this week at his home in Fox Chapel, a suburb of Pittsburgh, his family said.

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Philip Morris CEO: Cigarette Production Could End Someday

Philip Morris International could walk away from selling traditional cigarettes altogether someday, as the tobacco giant launches its heat-not-burn product in the U.K., the company’s chief executive said.

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How Well Do Airfare Predictors Work?

Scott McCartney looks at how often Kayak, Hopper and Google Flights make the right call to buy or wait.

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Delinquencies Rise on Growing Volume of Subprime Auto Loans

The number of subprime auto loans slipping into delinquency rose to the highest since 2010 in the third quarter and is following a pattern much like the months heading into the 2007-09 recession.

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The Latest, Greatest Threat to the Euro: Populism

The euro has survived sovereign default, recessions, banking crises and bailouts. It may not survive populism, Greg Ip writes.

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ADP Reports 216,000 Increase in November Payrolls

Private-sector hiring continued at a strong pace in November, rising by 216,000, payroll processor Automatic Data Processing and forecasting firm Moody’s Analytics said.

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U.S. Consumer Spending, Incomes Rose Steadily in October

Americans’ incomes and household spending advanced at a solid pace for the second straight month in October, suggesting consumers can support economic growth in the year’s final months.

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U.S. to Forgive at Least $108 Billion in Student Debt in Coming Years

The federal government is on track to forgive at least $108 billion in U.S. student debt in coming years, in a report that shows the Obama administration’s approach is proving far more costly than previously thought.

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Birthday at Burberry? Luxury Brands Add Personal Services

Rather than adding stores, some luxury labels are aiming to boost sales at existing sites. One way: catering to the whims of their best customers.

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Novo's New Insulin Reduces Risk of Low Blood Sugar, Study Shows

Novo Nordisk said its new insulin Tresiba carries about the same risk of serious heart problems as Sanofi’s Lantus but offers significantly lower risk of dangerously low blood sugar in people with Type-2 diabetes.

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Tuesday, November 29, 2016

Sanofi Drug-Development Partnership Passes First Test

Sanofi SA has received its first set of drug compounds from its collaboration with a Harvard University scientist and his venture backers that aims to jumpstart discovery of new medicines.

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Carrier Corp. Agrees to Keep About 1,000 Jobs at Indiana Plant

Carrier Corp. has agreed to keep roughly 1,000 jobs it had planned to shift to Mexico in Indiana, after a lobbying effort from the incoming Trump administration.

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Snapchat Spectacles Review: Wearing a Camera Is Cool … and Creepy

Snapchat’s much-hyped video-recording sunglasses require rules for the real world, Joanna Stern says.

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Intel Recruits ARM Executive Thomas Lantzsch to Head Connected Device Effort

Intel Corp. once again reached outside its ranks to fill a key executive position, recruiting an executive from rival ARM Holdings PLC as the big chip maker steps up plans to sell chips for devices other than computers.

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Attack Crashes Deutsche Telekom Internet Routers

An attack hit nearly one million home internet routers of Deutsche Telekom customers, knocking them offline, the latest in a string of similar events that have revealed vulnerabilities in home devices connected to the internet.

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Canada Issues Split Decision on Oil Pipelines

Canadian Prime Minister Justin Trudeau turned down a proposed Enbridge Inc. pipeline to the West Coast that had become a flashpoint for protesters, while approving the expansion of an existing Kinder Morgan Inc. corridor.

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Online Shopping Adds Muscle to Holiday Sales

As the holiday spending season kicks off, online shopping is emerging as a clear winner, helped by increased use of mobile phones.

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Splunk Raises Guidance Again Amid Strong Revenue Growth

Splunk again boosted its outlook for the year as the big-data software company continued to generate strong top-line growth in the latest quarter, though its loss also widened amid higher operating expenses.

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Praxair Approaches Linde About Resuming Deal Talks

Praxair has approached Linde about resuming talks for a merger that would create an industrial-gas giant worth more than $60 billion, after previous negotiations fell apart in September.

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A Pioneer of the Open Office Helps Ford Rethink the Car

Jim Hackett, former chief executive at office-furniture maker Steelcase, is helping Ford to rethink the ways cars connect with the outside world, as well as the company’s role in the future of transportation.

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More Whites Die Than Are Born in One-Third of States

More white people are dying than being born in about one-third of the states, a new peak in a trend that is reshaping the social, political and economic landscape of the U.S.

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U.S. Consumer Confidence Rose in November

Americans grew more optimistic about the economy in November, a welcome sign heading into the key holiday shopping season.

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Uber's 'Not a Taxi Company' Defense on Trial in EU

The stakes couldn’t be much higher as the company fights being regulated as a transportation provider in the European Court of Justice, its business model effectively on trial.

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Going Far Afield, Yet Staying on the Job

The Remote Year program that plucks employees from their work environment and sends them on a round-the-world trip, as they work remotely for jobs based thousands of miles away.

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U.S. Home Prices Set a Record in September, Case-Shiller Says

Home prices set a record in September, marking an end to a decadelong boom and bust in the housing market that caused some 9 million Americans to lose their homes,

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U.S. GDP Growth Revised Up, Corporate Profits Rose in Third Quarter

U.S. economic growth last quarter was stronger than initially thought and corporate profits rose, signs of continued health in the world’s largest economy.

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Nissan, BMW, Porsche Face South Korea Sales Ban

South Korea plans to ban sales of some cars made by Japan’s Nissan and two German auto makers—BMW and Porsche—after it found the companies manipulated documents to make their vehicles roadworthy.

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Samsung Tries to Appease Investors But Delays Big Changes

Third-generation Samsung heir Lee Jae-yong is betting that more dividend increases and a new independent director will buy some time amid growing calls for a restructuring of South Korea’s biggest conglomerate.

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Manufacturers Take a Page From Mother Nature

Leaps forward in computing power, imaging and metal 3-D printing technology are allowing engineers like never before to develop products based on designs in nature. Big manufacturers are taking notice.

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Airbus Tells Unions It Will Cut Up to 1,164 Jobs

The European airplane maker said the reductions will be the result of merging its group headquarters with that of its commercial jetliner unit. CEO Tom Enders has promised significant savings via restructuring.

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CEO Shadows Workers to Learn 'Nitty-Gritty' Details

Joshua Reeves, CEO of Gusto, has begun shadowing employees to learn nitty-gritty details of all the work that goes on at the company. He learns about the job, helps with some tasks, and brainstorms new approaches.

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Apple Wins Battle With Banks Over Mobile Payments

Australian lenders have been trying to force the tech company to offer them access to its Apple Pay technology, which allows smartphones and tablets to communicate with payment terminals.

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Jolly Outlook for That Holiday Bonus

About 75% of surveyed human-resources executives say their companies will give their workers extra cash for the holidays this year, up from 67% last year.

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Nissan Revs Up Plans for the Connected Car

Nissan Motor said it planned to accelerate the penetration of internet-connected vehicles by offering a connection device to existing customers in Japan and India.

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Monday, November 28, 2016

Big Names Take Hit on Theranos

Blood-testing company got much of its funding from high-profile private investors who weren’t part of the ecosystem that typically backs startups and could see their stakes wiped out.

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Samsung Electronics to Boost Dividends, Buybacks

Samsung Electronics Co. said Tuesday that it would boost dividends and consider restructuring the sprawling Samsung empire, as it seeks to blunt growing demands for dramatic governance reforms at South Korea’s largest conglomerate.

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Allstate to Acquire Squaretrade in $1.4 Billion Deal

Allstate Corp. said Monday it had agreed to acquire privately-held Squaretrade Inc., which sells warranties for electronic products, in a deal worth about $1.4 billion.

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SEC Criticizes Telsa Over 'Tailored' Accounting

Tesla Motors has come under fire from the SEC for using prohibited accounting metrics and sharing that information with investors, according to regulatory correspondence.

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Cravath Doesn't Change Bonuses

Elite law firm Cravath, Swaine & Moore LLP told its junior lawyers Monday that year-end bonuses will be the same as last year’s, a sign that law firms continue to tread somewhat carefully in the postrecession world.

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Time Inc. Rejected $18-a-Share Overtures From Bronfman-Led Group

Time Inc. rejected two overtures from Edgar Bronfman Jr. and Access Industries that offered at least $18 per share for the country’s largest magazine publisher, according to people familiar with the matter.

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Theranos Sued for Alleged Fraud by Robertson Stephens Co-Founder Colman

Robertson Stephens & Co. co-founder Robert Colman accused Theranos Inc. in a lawsuit filed Monday of making false and misleading claims about its operations and technology while soliciting money from investors.

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GM Super-Cruise Feature Raises Concerns From Regulators

U.S. highway safety regulators raised concerns over General Motors Co.’s plan to halt semiautonomous vehicles with unresponsive motorists, the latest push from government officials to police development of self-driving cars.

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HP Enterprise Unveils Prototype of Next-Generation Computer

Hewlett Packard Enterprise Co. has reached a milestone in a high-profile plan to deliver a new kind of computer. But the company is betting its business may benefit as much from components it developed for the project as from the complete system.

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OECD Says Trump's Policies Could Lift Global Growth

U.S. and global economic growth would be boosted by increased spending and tax cuts promised by President-elect Donald Trump, but those gains would be lost if he pressed ahead with tariff increases that triggered retaliation, the OECD said.

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OPEC May Give Trump Energy Goals a Boost

President-elect Donald Trump says he plans to make America energy independent. He may receive an unintended boost next week in the form of an oil production cut by OPEC, which could raise crude prices.

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More U.S. Scheduled Flights to Havana on Tap

American Airlines and JetBlue Airways on Monday lead what will become a parade of U.S. carriers launching scheduled flights to Havana for the first time in half a century.

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WTO Rules Against Boeing in U.S.-EU Trade Battle

Tax benefits granted for production of the company’s 777x jet are considered to be in violation of trade rules, but the ruling might ultimately have no effect in the long-running dispute over commercial plane makers.

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Texans Hope Trump's Nafta Rhetoric Is Just Talk

Texas has much to lose if the Nafta free-trade deal is changed significantly, and business owners in the state are hoping President-elect Donald Trump won’t carry out his threats to revamp the agreement.

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Under Armour Changes Symbols for Share Classes

Under Armour said it will change the ticker symbols of its class A and class C common shares, whose prices are separated by a wide spread.

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Activist Elliott Management Calls for Change at Cognizant

Activist investor Elliott Management called for change at Cognizant, saying the IT outsourcing firm should boost profitability and return more of its cash to shareholders.

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Dodd-Frank Rules on Business: Up for a Rethink

With the GOP vowing changes in the Dodd-Frank financial overhaul, corporate finance chiefs are focusing on the fate of the law’s nonbank provisions.

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Maersk Line Looking To Buy Hamburg Süd

Maersk Line, the shipping arm of Danish conglomerate A.P. Moeller-Maersk, is looking to buy German peer Hamburg Süd, according to people with knowledge of the matter.

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Donald Trump's Spending Push Rankles Some in GOP

Signs of tension are emerging among Republican lawmakers as President-elect Donald Trump looks poised to stand by promises to slash taxes while spending more on big-ticket items, such as infrastructure and the military.

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Energy Firms Step Up Business Investment

U.S. oil and gas companies are slowly stepping up investment in wells and other industry building blocks for the first time in more than two years, offering a small boost to overall economic growth as the year ends.

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Amazon Leans on Technology to Speed Training of Holiday Workers

To prepare for the flood of holiday orders just under way, Amazon.com has been using technology ranging from touch screens to robots to shrink the time it takes to train new hires at its warehouses to as little as two days.

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Initial Report About SpaceX Explosion Imminent

Elon Musk’s SpaceX is expected to give federal authorities a preliminary investigative report pinpointing fueling procedures as the most likely cause of a September unmanned rocket explosion.

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Marlboro Black Lures Back Millennial Smokers

Philip Morris USA five years ago introduced Marlboro Black to appeal to millennials who don’t relate to the Marlboro Man. The lower-priced cigarette offers what the company calls a “bold, modern take” on Marlboro—think tattoos, black jeans and motorcycles instead of Stetsons, bluejeans and horses. It has done a lot to help Philip Morris USA with its millennial problem.

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Apple iPhone With Curved Screen Could Come as Soon as Next Year

An iPhone with a curved screen could be on store shelves as soon as next year, as Apple’s suppliers say they have been asked to increase output of thinner organic light emitting displays.

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Sunday, November 27, 2016

Amazon Broadens Cloud Services as Big Companies Sign On

Amazon.com has broadened its cloud-computing services to serve a growing list of big-company clients, but its challenge is to meet their needs without encroaching on the firms that are its partners in the business.

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Five Myths About Landing a Good Job Later in Life

The conventional wisdom says it’s impossible. The facts say otherwise.

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Broadway Casts Offer Retailers a New Stage

Retailers looking to convey their brand identities are increasingly embedding themselves with master storytellers: Broadway shows.

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Companies Retool Lobbying as Trump Administration Nears

Corporations scramble to rejigger lobbying efforts as they prepare for Republican control of Congress and White House that could break the partisan logjam that has blocked legislation for six years.

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Deal for Carrier to Keep U.S. Plant Open May Hinge on Tax Overhaul

President-elect Donald Trump’s campaign pledge to save jobs at a Carrier plant in Indiana was framed around free trade, but negotiations about corporate tax law changes could be just as important to any possible deal.

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Schlumberger Signs Early Oil Deal With Iran

Schlumberger, the world’s largest oil driller by market value, said Sunday it had signed a preliminary deal to study an Iranian oil field, as Donald Trump’s presidential victory has yet to deter U.S.-connected companies from dealing with Tehran

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As Gap Struggles, Its Analytical CEO Prizes Data Over Design

Art Peck has seen seven straight quarters of lower sales as the company battles to stay on top of trends; creative directors as ‘false messiahs.’

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You Know What Kids Need Today? Their Own Teslas

Toy makers flood the market with junior-size battery-operated sports car knockoffs with multiple speeds, slick paint jobs, working headlights, horns and leather seats.

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Lufthansa Pilots Union Pushes for Second Week of Strikes

Deutsche Lufthansa AG’s principal pilots union is escalating the battle with the German flag carrier as it seeks to disrupt flights into a second week.

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'Moana' Makes Splash at Box Office

Walt Disney Co.’s “Moana” sailed to a hit $81.1 million at the box office over the five-day holiday weekend. The estimated gross is the second-best five-day Thanksgiving opening of all time, behind Disney’s own “Frozen,” which opened to $93.6 million in 2013.

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Boeing Faces WTO Sanctions

The World Trade Organization as early as Monday is expected to rule that Boeing Co. has been granted illegal state subsidies for its newest long-range jetliner, according to people familiar with the finding.

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Gigantic Tablets Sneak Into the Workplace

Keywords: Gigantic touch-screen devices are finding their ways into business, both as tools for customers and to get serious work done. These devices create new ways for people to collaborate, whether in the office, a McDonald’s restaurant or on a cruise ship, writes Christopher Mims.

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Holiday Shoppers Making More Purchases Online

Americans jumped on holiday deals this weekend but spending is increasingly moving online, highlighting the high-wire act that faces retailers tethered to stores.

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Measuring the Economic Spillover of OPEC's Oil Output Decisions

OPEC’s struggle to balance oil supply and demand globally is exposing economic fault lines around the world.

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Oil Industry Anticipates Day of Reckoning

So-called peak demand is a mind-bending scenario that global oil producers are debating and planning for in the decades ahead.

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Drugmakers Find Competition Doesn't Keep a Lid on Prices

Pfizer and Eli Lilly have raised the price of their erectile-dysfunction drugs Viagra and Cialis almost in lockstep over the past few years, a common practice in the pharmaceutical industry that has led U.S. prescription-drug spending to surge.

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Germany Braces for Trump's Trade Policies

Germany shipped $125 billion in goods to the U.S. last year—2.5 times what it imported from the U.S. That, however, could shift next year when Donald Trump, a vocal critic of free trade, becomes president.

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Huawei's New Phone Faces Frosty Reception in U.S.

The Chinese technology giant’s path to expansion in the U.S. faces technical roadblocks and a chilly reception from the telecom carriers who dominate handset sales there.

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Local Governments Arrive on Schedule to Help Part-Time Workers

Laws requiring employers to give workers more predictable and remunerative schedules are sprouting across the nation, drawing the ire of some employers as local governments wade into the debate over inequality.

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China Plans 'Strict Controls' to Curb Capital Flight

China plans to clamp tighter controls on Chinese companies seeking to invest overseas, in an effort to slow a surge in capital fleeing offshore.

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Saturday, November 26, 2016

How Small Stores Are Dipping Into Discounting

Novelty gifts, limited-time or targeted promotions are ways small businesses use to stand out from bigger rivals during the competitive holiday shopping season.

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As AT&T's DirecTV Now Streaming Service Is Unveiled, Watch the Details

AT&T will unveil its long-promised over-the-top video service Monday as the company attempts to get a foothold in the future of how Americans watch television.

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Revenge of the Video Store

It’s true: Video-store holdouts still exist. Their goal is to keep pushing DVDs, Blu-Rays and even VHS tapes in an age when streaming movies is second-nature.

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Activision Blizzard Reaches New Pay Deal With CEO

Activision Blizzard reached a new employment agreement with longtime Chief Executive Bobby Kotick that could put him among the highest paid executives in the U.S.



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Friday, November 25, 2016

'Moana' Another Holiday-Season Hit for Disney

Walt Disney Co. has another holiday-season hit on its hands.

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Ferrero Reaches Deal to Buy Some United Biscuits Brands

Italian chocolate maker Ferrero International SA said Friday it has reached a deal to buy some of the assets controlled by United Biscuits Ltd.

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On Black Friday, Teens Prioritize Bargains Over Brands

Teen retailers have taken a beating in the past year as young consumers eschew uniformity and turn to lesser-known or fast-fashion options.

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Hamburg Sud Owners Are Exploring Sale

The owners of Hamburg Sud, the world’s seventh-biggest shipping container operator in terms of capacity, are considering putting the business up for sale as the industry battles a prolonged slump.

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BP to Buy 10% Stake in Eni's Giant Zohr Gas Field Off Egypt Coast

BP PLC has agreed to buy a 10% stake in Eni SpA’s super-giant Zohr gas field offshore Egypt, expanding an already extensive footprint in the country.

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Johnson & Johnson Approaches Swiss Firm Actelion About Potential Deal

Swiss biopharmaceutical company Actelion said it had been approached by Johnson & Johnson about a possible deal.

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Lufthansa to Cancel 137 Flights Saturday as Pilots' Strike Continues

Deutsche Lufthansa will cancel 137 flights on Saturday, including 88 intercontinental flights, with pilots at Germany’s largest airline set to strike for a fourth day.

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STX Offshore Sale Halted

The sale of South Korea’s STX Offshore has been stopped after a Seoul bankruptcy court handling the case disqualified a bidder that hoped to buy all of the company’s assets as a package.

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Stripe's Valuation Nearly Doubles to $9.2 Billion

Stripe, whose software is used by businesses to accept and track digital payments, will be valued at $9.2 billion in a new funding round that is being completed, the company said.

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U.K. Post-Brexit Data Shows Investment Growth

U.K. business investment rose in the three months following the June vote to leave the European Union, suggesting uncertainty about the future relationship with the EU hasn’t weighed heavily on business sentiment.

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Global Trade Rebound Threatened by Protectionism After Trump Victory

World trade flows staged a partial rebound in the third quarter, even as concerns mounted over a possible increase in protectionism driven by voter resentment against job losses and weak earnings growth that many blame on three decades of accelerated globalization.

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Howard Ruff, Known as a Prophet of Doom, Also Survived Good Times

Howard Ruff, who in the 1970s was an advocate of preparing for a cataclysm by stocking up on precious metals and beans, always considered himself a marketer, not a prophet of doom. He died earlier this month at 85.

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Jack Rivkin Pushed for Better Research at Wall Street Firms

As head of investment research at Shearson Lehman Brothers Inc. in the late 1980s, Jack Rivkin insisted on quantifying the work of his analysts rigorously. He died of pancreatic cancer Nov. 8 at home in Amagansett, N.Y., at 76.

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Ruth Gruber Used Her Camera and Typewriter to Fight for Refugees

Ruth Gruber, a writer and photographer, was in her early 30s when she accompanied nearly 1,000 World War II refugees traveling by ship from Italy to a camp in New York state. She discovered her mission “to fight injustice wherever I saw it.” Ms. Gruber died Nov. 17 at 105.

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Retailers Vie for Black Friday Dollars

Retailers dangled hefty discounts—on their websites Thursday and in their stores early Friday—as they waged a high-stakes battle with Amazon.com and other rivals to capture as much spending as they could during the Black Friday shopping spree.

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Czech Firm Makes Unusual Bet on Coal Power Plants

While European utilities have been selling off coal-fired power plants at a brisk pace, spurred by falling electricity prices and new anti-carbon rules, Czech firm Energetický a Průmyslový has been standing by to snap them up.

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Thursday, November 24, 2016

Trump: 'Making Progress' to Persuade Carrier to Keep U.S. Plant Open

President-elect Donald Trump said Thursday he was “making progress” in convincing Carrier Corp. to change its plans to close an Indiana plant and move production to Mexico.

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Google, Indonesia Near Tax Deal for $73 Million or Less

Alphabet’s Google unit is nearing a settlement with Indonesian authorities over back taxes for no more than $73 million, a senior tax official said, far less than the up to $367 million Indonesia initially sought.

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Black Friday Sales---Europe Style

Europeans don’t celebrate the American Thanksgiving holiday, but the Black Friday sales that follow Turkey Day have become part of the fabric of year-end holiday shopping across much of the Continent.

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Small-Business Lament: Too Few Mexicans in U.S.

As the U.S. labor market tightens and the population of undocumented immigrants shrinks, employers in industries such as hospitality, construction and agriculture are scrambling to fill jobs they say Americans don’t want.

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House GOP Business-Tax Plan Upends U.S. Policy, Bares Fault Lines

Fault lines inside the corporate world are emerging over a proposed rewrite of the U.S. tax-code that is pitting importers against exporters.

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Tech's Hunt for AI Talent is Leaving Universities Wanting

Google, Baidu, Facebook and others pursuing artificial intelligence are draining universities of top computer scientists who might otherwise be cultivating the next generation of AI researchers, say experts.

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South Korean Scandal Widens With New Raids, Impeachment Effort

South Korean prosecutors searched the offices of two conglomerates on Thursday as part of their widening probe into an influence-peddling scandal involving President Park Geun-hye and her confidant Choi Soon-sil.

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Ctrip, China's Biggest Travel Site, Goes Abroad for Its Latest Expansion

With the acquisition of British search company Skyscanner, Ctrip, whose expansion has been fueled by the Chinese middle class’s ever-growing appetite for travel, will grow its own footprint overseas.

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Who's Working in the 'Gig Economy'?

In the “gig economy,” workers run the gamut from independent contractors to moonlighters.

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Airbnb in Talks to Buy China Rival Xiaozhu

Airbnb Inc. is in discussions to buy home-sharing site Xiaozhu.com, one of its largest competitors in China.

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Retailers Push Early Start to Black Friday Sales

In the battle for shoppers, traditional retailers have been moving discounts earlier in November, linking their stores and websites more closely and finding ways to capitalize on the rise in mobile shopping.

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An $18,000 Cartier Watch for Wal-Mart's Black Friday Shoppers?

On Black Friday weekend Wal-Mart Stores Inc. is hoping some shoppers trade up from half-price pajamas and $1 DVDs. Maybe a luxury watch, or Prada pumps?

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U.S. Executive Leads Siemens Through Tough Times

Lisa Davis, the U.S. executive who took over Siemens’s energy operations in 2014 during boom times, is working to make the beleaguered unit more efficient to gain a competitive edge when oil prices rebound.

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Wednesday, November 23, 2016

Rio Tinto Underspends Already-Low Forecast

Rio Tinto, the world’s No. 2 miner by market capitalization, said it would spend even less than anticipated on projects this year and step up a productivity offensive in the face of market uncertainty.

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Split Fed in November Signaled Rate Increase Could Come in December

Federal Reserve officials said an interest-rate increase was possible “relatively soon” if incoming data continued to show an improving economy, with some explicitly calling for a move in December.

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GE Appliance Workers Reject Contract Offer From Chinese Owner

Workers at the former appliance division of General Electric rejected a new contract this week, spurning an attempt by its new Chinese owners to cut costs at a massive factory complex in Louisville, Ky.

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Dry-Bulk Shipping Owners Get Reprieve as Rates Rebound

The darkest days may be over for the dry-bulk shipping companies that transport the raw materials of global trade with daily ship-charter rates rising to as much as $11,000 from as little as $3,500 earlier this year.

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Cadillac Delays Controversial Dealership Plan

Cadillac is delaying for a second time the start of a controversial new retail strategy for its 925 dealerships, the latest setback in brand chief Johan de Nysschen’s bid to refashion GM’s luxury brand to take on BMW and other luxury players.

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China's Venture Firms Seek U.S. Deals

Chinese investment in American startups is picking up, but some of these investors are finding it difficult to navigate the U.S. venture world.

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Memoirs of Megyn Kelly, Bernie Sanders Selling Briskly

Memoirs by Sen. Bernie Sanders and Fox News star Megyn Kelly have been hot sellers since each went on sale Nov. 15.

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As Subcompacts Languish, Price Is Slashed on Fiat 500s

Fiat Chrysler, scrambling to keep its lineup of small European city cars afloat in a U.S. market drawn to pickups and SUVs, is slashing prices on its Fiat 500 cars and offering dealers financial support.

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Deere Signals Better Performance Ahead

Deere & Co. easily topped quarterly sales and profit expectations Wednesday and anticipates declining sales of farm machinery will start to ease next year.

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Potash Corp. Plans Job, Output Cuts

Potash Corp. of Saskatchewan Inc. said it would cut 140 jobs at its Cory potash mine and curtail production at two other operations in its home province.

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U.S. Consumer Sentiment Rose Amid Trump's Election

A measure of consumer sentiment improved in November, a sign of rising confidence in the economy during the final stretch of a turbulent presidential campaign that culminated in the election of Donald Trump—and its immediate aftermath.

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U.S. Durable Goods Post Biggest Jump in a Year

Demand for long-lasting manufactured goods rose 4.8% in October, the fastest pace in a year, a sign the U.S. factory sector has begun to stabilize.

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U.S. Jobless Claims Rise

The number of Americans applying for first-time unemployment benefits rose last week but remained at historically low levels, a sign the U.S. labor market should continue to generate jobs at a modest pace.

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P&G Caught in 400-Year-Old Feud Over Water Rights

A nearly 400-year-old fight over water rights is coming to a head along the banks of the Potomac River—and pulling consumer products giant Procter & Gamble into the fray.

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Eli Lilly's Late-Stage Alzheimer's Trial Fails to Achieve Goal

Eli Lilly said Wednesday that a closely watched late-stage trial of an Alzheimer’s drug had failed to achieve its goal.

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For Department Stores, the Big Lure on Black Friday: $19.99 Boots

Department stores have found an alternative to the low-price TVs sold by electronic chains to draw crowds over the Thanksgiving weekend: a $19.99 pair of women’s boots.

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A Ho-Hum Holiday for Videogame Sales

Souped-up consoles and blockbuster titles are on tap for the gift-giving season, but industry watchers are expecting sales to slide from last year.

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Fed Minutes to Be Parsed for Insight on Inflation, Jobs

The market is expecting the Fed to raise interest rates next month. Even so, when minutes from the November meeting are released Wednesday investors will be looking for hints of the Fed’s thinking on inflation and employment.

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Lufthansa Cancels Flights as Pilot Strike Begins

Deutsche Lufthansa pilots began a two-day strike that is grounding more than a quarter of its flights on the first day and poses the latest threat to the German flag carrier’s growth outlook.

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L'Oréal to Fight California Firm's 'Knockoff' Lawsuit

A California startup said it has sued L’Oréal, alleging that the U.S. unit of the French company, home to brands such as Lancôme and Kiehl’s, copied an award-winning hair product and related marketing strategy.

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Twitter CEO's Account Briefly Suspended

It is unclear why Jack Dorsey’s account was suspended for about a half hour, and Twitter didn’t immediately reply to a request for comment.

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Tuesday, November 22, 2016

Samsung Offices Raided by South Korean Prosecutors

South Korean prosecutors raided the Samsung conglomerate’s offices as a scandal surrounding the country’s president and her top advisers crept deeper into the nation’s largest business group.

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Amazon's Holiday Deliveries Face Turbulence From Pilot Strike

Amazon.com’s newly established in-house transportation network is facing a rocky start to its all-important holiday season.

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Lufthansa Cancels 876 Flights Wednesday as Pilots Strike

Deutsche Lufthansa AG will cancel 876 of 3,000 scheduled flights Wednesday because of a pilots’ strike, Germany’s flagship carrier said.

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Federal Judge Issues Nationwide Injunction Putting Overtime-Pay Regulation on Hold

A federal judge issued a preliminary injunction blocking a sweeping regulation set to qualify millions more Americans for overtime pay Dec. 1, delivering a blow to one of President Barack Obama’s signature workplace rules.

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Hewlett Packard Enterprise Profit Sinks

Hewlett Packard Enterprise capped its first year as an independent company by posting lower quarterly profit and revenue, the latest evidence that corporate technology demand remains tepid.

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HP Inc. Posts Revenue Increase as PC Business Rebounds

HP Inc. posted a surprise increase in quarterly revenue, as a rebound in the company’s personal computer business outweighed pressures facing its printing operations.

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Internet Hoax Pushes Vinci Shares Into Instant Crash

Shares of French construction firm Vinci SA suffered an instant crash on Tuesday after an internet hoax seeking to damage the company spread panic in the market. The shares later recovered to end down 3.8% Tuesday.

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House Republicans Ask to Put on Hold Case Against Obama's Health-Care Law

Attorneys for the U.S. House of Representatives asked a federal court to delay a lawsuit over President Barack Obama’s signature health-care law, citing negotiations with President-elect Donald Trump over the future of the Affordable Care Act.

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Jump in Chinese Imports Gave Trump Election Boost, Study Finds

Rising imports from the Asian powerhouse made parts of the Midwest and Southeast more receptive to Mr. Trump’s anti-China, anti-free trade message, according to a team of economists.

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Slow Start for Soda Makers' Push to Cut Calories

U.S. beverage calories per person declined only 0.2% in 2015, a slower rate of decrease than in earlier years, despite efforts by the likes of Coke and Pepsi to cut such calories in the American diet by 20% over a decade.

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China Touts Its Own Trade Pact as U.S.-Backed One Withers

Nations have started to coalesce around a China-led trade group after U.S. President-elect Trump reiterated plans to withdraw from American-led trade pact.

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Pearson's Bet on Common Core Fails to Pay Off

Pearson, the world’s largest education company, made a major miscalculation on the Common Core academic standards, expecting a windfall that failed to materialize as it headed into a downward spiral in sales, stock price and staff.

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Department Stores' Big Sales Are Getting Smaller

Holiday shopping coupons are piling up in the mailbox but this year’s batch may include fewer big-name brands. More are opting out of department store promotions that they believe hurts their pricing.

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How to Cope When Your Sponsor Leaves the Company

A good sponsor can turbocharge her protégés’ careers by staking her professional reputation on helping them succeed. But what happens when that sponsor leaves the company?

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U.S. Existing-Home Sales Highest Since February 2007

Homebuying activity rose in October for the second straight month to a new cyclical high, a sign the housing market is stabilizing as the year comes to a close.

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Alaska's Novel Plan to Cut Health Premium Costs

Health-insurance premiums for Alaskans have been soaring almost 40% a year. That prompted the state government to make a novel move: to pay health costs for about 500 of the sickest residents to hold down premiums for everyone else.

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CMO Today: Amazon Explores Premium Sports Package

Here's your morning roundup of the biggest marketing, advertising and media industry news and happenings.

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Today's Top Supply Chain and Logistics News From WSJ

Delivering up-to-the minute news, analysis, interviews and explanatory journalism on logistics, supply-chain management, e-commerce and more

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Microsoft Offers EU Concessions over Outlook Access

In a bid to win European Union antitrust approval of its $26 billion acquisition of LinkedIn, Microsoft has proposed concessions that would allow rival professional social networks access to its Outlook programs.

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Dr Pepper to Buy Bai for $1.7 Billion

Dr Pepper Snapple Group agreed to buy Bai Brands, the maker of low-calorie, coffee-fruit drinks, for $1.7 billion, as consumers continue to turn away from traditional sodas.

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Americans Are Keeping Cars Longer, Helping Service Shops and Parts Makers

The number of vehicles in operation hit a record in the U.S. as the average lifespan of cars and trucks continues to get longer, giving a boost to service providers and parts makers.

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Volkswagen Namesake Brand Outlines Multi-year Profit-Boosting Strategy

Volkswagen namesake brand outlined a multiyear strategy to boost profits after a bruising year, while expanding its range of electric vehicles and digital services.

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Brewers Bet Beer Drinkers Seek More Sober Suds

After years of trying and failing to jump-start sales of alcohol-free beer, brewers like AB InBev, Heineken and Carlsberg are expanding their nonalcoholic offerings with renewed zeal.

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Disney Sets Out to Build Bigger Kingdom in Hong Kong

Walt Disney is turning to “Frozen” and “The Avengers” to revive its Hong Kong Disneyland theme park, unveiling plans for a $1.4 billion expansion of its smallest park.

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Overtime-Pay Rule To Go Into Effect, but May Not Last

U.S. employers are adjusting employee schedules, job duties and pay ahead of a new overtime rule that takes effect Dec. 1 -- even as they wonder whether the rule will soon be changed, either by the courts or by Donald Trump.

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Poultry Companies Face New Rules for Chicken Pricing Index

Major poultry companies, including Pilgrim’s Pride and Tyson Foods, starting Monday will be required to submit documents verifying the accuracy of information they want included in a key industry benchmark used to set chicken prices at U.S. supermarkets.

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Nissan to Sell Calsonic Kansei Stake to KKR

Nissan Motor said it would sell its 41% stake in the company’s largest supplier Calsonic Kansei to private-equity firm KKR & Co.

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Monday, November 21, 2016

John Graham on Evaluating CEOs

At The Wall Street Journal’s CEO Council conference, the Fuqua School of Business professor says the time frame of an evaluation is key.

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Google Search Results Can Lean Liberal, Study Finds

A new study reopens a debate over whether Google’s search results lean liberal, a bias that could influence public opinion.

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Sunoco Logistics to Buy Energy Transfer

Sunoco Logistics will buy Energy Transfer Partners in a $21 billion all-stock deal that will simplify a network of pipeline firms controlled by billionaire Kelcy Warren.

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Facebook's Drone Crash Prompts Safety Investigation

A U.S. air-safety watchdog is investigating an accident during the first flight of a Facebook drone designed to extend internet access.

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Law School Accreditors Raising the Bar

National accreditors are getting tough and telling law schools to better prepare students for legal practice or risk losing their accreditation.

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AT&T, Dish, WPP to Buy Invidi Technologies

AT&T, Dish Network and WPP are teaming up to buy Invidi Technologies Corp., which focuses on targeted television advertisements, the companies said Monday.

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Boeing Taps GE Executive to Lead Aircraft Arm

Boeing hired a GE executive to run its commercial aircraft business as the company seeks to boost production and cut costs while branching into profitable areas such as selling spare parts.

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Symantec Sees Consumer Promise in LifeLock Deal

Symantec Corp. is looking to breathe new life into its consumer-product line with its $2.3 billion acquisition of identity-protection-services seller LifeLock Inc.

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BuzzFeed, NBCUniversal to Intertwine Ad Sales and Production

BuzzFeed and NBCUniversal revealed plans to intertwine their ad sales and production, as part of NBCU’s additional $200 million strategic investment in the digital media darling.

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Amazon Explores Rights for Live Sports Packages on Prime

Amazon.com has been in talks for live game rights with the National Basketball Association, Major League Baseball, the National Football League and more.

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Tyson Investors Nervous as Profit Falls, CEO Bows Out

Shares of Tyson Foods fell sharply as the meat producer gave a downbeat profit outlook and said CEO Donnie Smith would leave.

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Elliott Management Asks Marathon Petroleum to Consider Breaking Up

The hedge fund sent a letter to Marathon Petroleum’s board saying breaking up the firm may be needed to unlock value.

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Big Apple Circus Files for Bankruptcy

New York’s Big Apple Circus filed for bankruptcy protection Sunday after an emergency “Save the Circus” fundraising campaign failed to bring in sufficient funds to keep the 38-year-old cultural institution going.

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Global Competition to Cut Corporate Taxes Heats Up

The U.K.’s Theresa May has pledged to cut corporate taxes—an idea promoted in the U.S. by Donald Trump on the campaign trail.

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Trump Poised to Pressure Nafta

Rather than kill Nafta, Trump and his advisers appear set for to push for substantial changes to the rules governing trade with Mexico and Canada.

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Valuation Experts Will Be Held to a New Standard

The financial pros who specialize in assigning a valuation to intangible corporate assets, such as patents and trademarks, don’t have a credential that attests to their experience and training. That’s about to change.

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Oracle to Buy Web Service Provider Dyn

Oracle said Monday that it would buy web service provider Dyn, a company the came into the public eye after it was hit by a large-scale internet attack in October that left dozens of popular websites unreachable for parts of a day.

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Railroads Bet on Grain Boom

A record fall harvest and surging crop exports are boosting U.S. railroad operators, who are still feeling pain from the collapse of coal and oil shipments.

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Tata's Ugly Leadership Fight Drags On

Tata’s ouster of Chairman Cyrus Mistry and the ugly fight that has followed has confused and bewildered executives, investors and employees of the sprawling Indian conglomerate.

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Trump Election Could Put Health Insurance Startup Under Spotlight

For health insurance startup Oscar Insurance, the election of Donald Trump could be a tough pill to swallow, complicated by ownership ties to the incoming administration that will put it under a bright spotlight.

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Donald Trump Treasury Choices Likely Narrowed to Two

President-elect Donald Trump appears likely to choose between investment banker Steven Mnuchin and Texas Rep. Jeb Hensarling to steer the Treasury Department, though advisers say he is still drawn to the idea of appointing J.P. Morgan Chase & Co. Chief Executive James Dimon.

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Sunday, November 20, 2016

Startup to Test Self-Driving Cars in Boston

NuTonomy, the startup that beat Uber to public streets with robot taxis, will begin trying out autonomous vehicles in Boston by year’s end to improve its self-driving cars with experience in varying environments.

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Apple to Offer Free Replacements of Batteries for iPhone 6s With Shutdown Problem

Apple said it will provide a free battery replacement for customers globally who have experienced an unexpected shutdown with their iPhone 6s smartphones.

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What Iconic Franchises Looked Like at the Very Beginning

A look at the first outlets of some of the biggest names in fast food, from KFC to McDonald’s.

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Hackers Program ATMs to Spew Cash

Criminals in Taiwan and Thailand programmed ATMs to spew cash earlier this year. The FBI is warning U.S. banks of the potential for similar attacks.

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Symantec to Buy LifeLock

Computer-security-software maker Symantec has agreed to acquire LifeLock, a seller of identity-theft protection services, for $2.3 billion in cash, according to a person familiar with the matter.

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Advertisers Search for Middle America

In the wake of Donald Trump’s election as U.S. president with a wave of support from middle American voters, advertisers are reflecting on whether they are out of touch with the same people who propelled the businessman into the White House.

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Boral to Acquire Headwaters Inc.

Building materials firm Boral Ltd. said it would acquire Headwaters Inc. as the Australia-listed firm moves to expand its presence in the U.S.

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Venezuela's Nemesis Is a Hardware Salesman at Home Depot in Alabama

Gustavo Díaz also runs the DolarToday website, which tracks the black-market exchange of the bolivar and sways prices of everything from rice to cars in his native country.

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Why Saudi Arabia's Oil Giant Aims to Be Big in Chemicals, Too

Aramco’s plans to vastly expand its petrochemical operations are part of the kingdom’s effort to remake its economy as oil’s future clouds.

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Global Economy Week Ahead: U.S.-China Meetings, Europe PMI, Fed Minutes

Global attention will remain focused on U.S. President-elect Donald Trump as he fills positions on his economic and foreign policy teams, while pre- and post-election data will continue to roll in.

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CFIUS Again Objects to a China-Europe Deal

The Committee on Foreign Investment in the U.S., a panel focused on national security, is objecting to a Chinese takeover of German tech company Aixtron.

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Inside Donald Trump's Economic Team, Two Very Different Views

Longstanding tensions are coming to a head within Donald Trump’s economic team over a fundamental question: Will the economy benefit most from more carrots or more sticks?

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After Years of Turmoil, Republican Tax Overhaul Picks Up Speed

Republicans’ race to rewrite the U.S. tax code on the heels of this month’s election relies on years of work that is suddenly—and quite unexpectedly—poised to pay off.

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APEC Delegates Push Back Against Protectionism

Leaders of the Asia-Pacific Economic Cooperation forum gathered in Lima on Sunday promised to continue strengthening economic ties.

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'Fantastic Beasts' Takes Top Spot at Box Office

‘Fantastic Beasts and Where to Find Them’ had no trouble finding first place at the box office this weekend, if not in as magical a fashion as some expected.

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Is Engine of Innovation in Danger of Stalling?

Keywords: While some companies like Google buck the trend, many others see spending on research as a speculative bet with an uncertain, and far distant, payoff, writes Christopher Mims.

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Anthem to Defend Cigna Deal in Court

The trial starts Monday in the Justice Department’s challenge to health insurer Anthem’s $48 billion acquisition of reluctant partner Cigna, a case that could produce unusual courtroom drama.

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Shell Fights Lawsuits Over Environmental Record in Nigeria

Royal Dutch Shell fights lawsuits this coming week in London and the Netherlands over its environmental record in Nigeria, highlighting problems the company faces as it tries to pivot away from the West African nation.

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How Facebook Plans to Fight Fake News

Mark Zuckerberg outlined several steps Facebook is testing to fight misinformation, an acknowledgment that the social network could be doing more to avoid its proliferation.

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Behind 'League of Legends,' the Chinese Giant Plotting Global Domination

The global videogame industry’s biggest player is one whose rapid expansion has gone largely under the radar—even for the most dedicated gamers.

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U.S. Moves to Block Chinese Takeover of German Tech Firm

The Committee on Foreign Investment in the U.S. highlighted “unresolved U.S. national security concerns” over the $710 million acquisition of Aixtron by the German unit of China’s Fujian Grand Chip Investment.

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Friday, November 18, 2016

Theranos, David Boies Cut Legal Ties

The famed litigator and his law firm stopped doing work for Theranos after disagreeing about how to handle government investigations of the blood-testing company.

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Ford's Kentucky Pivot Is an Olive Branch to Trump

One of the U.S. auto industry’s best-known figures has extended an olive branch to President-elect Donald Trump by informing him the car maker won’t move a small amount of production to Mexico, the latest effort by a business leader to thaw tension stemming from the incoming administration’s position on key issues, including global trade.

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Retailer Limited Stores Hires Financial Adviser to Help Explore Possible Sale

Women’s apparel retailer The Limited Stores has hired Guggenheim Partners as financial adviser to explore a possible sale, people familiar with the matter said.

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Smaller Cities Look Big Again to United

A push into as many as 20 smaller cities formed the centerpiece of plans laid out this week by United Continental Holdings Inc. to reinvigorate the No. 3 U.S. carrier by traffic.

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Sanofi to Stop Production of Bladder-Cancer Drug

Sanofi plans to stop producing a bladder-cancer treatment that was in short supply for several years, saying it hasn’t been able to restore full production at a Toronto manufacturing plant.

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Betting on Flavored Alcohol Can Be Risky for Booze Makers

Flavored extensions of vodka and whiskey brands can attract new customers and spark interest in existing drinkers, but the boom often is short lived, resulting in choppy sales.

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McDonald's Table Service: Fast Food Redefined

More McDonald’s customers will be able to choose table service inside restaurants, as the burger giant tries to revive flagging sales and drive interest in a brand drowned out by newer fast-dining options.

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ADM Chief Andreas Wielded Power in Washington and Abroad

Dwayne Andreas, who headed Archer Daniels Midland for 27 years, cultivated political friendships around the world. Under Mr. Andreas, the company grew immensely. He died Wednesday at 98.

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Asian Central Banks Struggling to Defend Currencies

Central bankers throughout Asia are digging deep into their policy tool kits to find novel ways to respond to a wave of sharp market movements since Donald Trump’s surprise U.S. presidential election victory.

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DraftKings and FanDuel Agree to Merge

The two major daily fantasy sports sites have agreed to set aside years of bitter rivalry and become one as they face down continuing regulatory and legal challenges to their industry.

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Shipping Tycoon Angelicoussis Expects Trump Bump, Not Trade War

Greek shipping magnate John Angelicoussis expects President-elect Donald Trump to generate new business for the ailing shipping industry through infrastructure spending and increased energy production.

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For Hotels, Online Reviews Affect the Bottom Line

Researchers found that a ratings increase on travel websites led to increased demand and higher prices for hotels.

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Abercrombie Profit Tumbles Amid Rebranding Efforts

Abercrombie & Fitch posted its third straight quarter of declining same-store sales, as the once-popular retailer’s rebranding efforts are showing little signs of winning back shoppers.

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China Presses U.S. Tech Firms to Police the Internet

China used its third-annual World Internet Conference to push its vision of the internet as a place where tech companies are deputized as crime-fighters and where censors keep radical views in check.

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Chipotle, William Ackman Near Settlement Over the Board

Chipotle Mexican Grill and William Ackman are nearing a settlement that would give the activist investor a say in the boardroom at the beleaguered burrito chain.

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Facebook Fends Off Crises With Confidence

Facebook’s growing clout has spawned a series of prominent controversies—and increased confidence in staring them down.

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Europe Inc. Is Poised for a Rebound

Hopes are rising that profit at Europe’s biggest companies might actually grow next year, after four years of declines, as commodity prices rebound, emerging markets improve and years of aggressive cost-cutting start to bear fruit.

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Boeing Fighter-Jet Sales Advance Toward Final Approval

Boeing moved closer to extending the life of its combat-jet production lines with State Department approval of sales to Kuwait and Qatar worth a combined $31.2 billion; the deals now go to Congress for final approval.

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South Korea Blocks Google From Expanding Local Maps

South Korea denied a request by Alphabet Inc.’s Google to export digital-map data from the country, effectively blocking the U.S. technology giant from expanding its limited local-map services there.

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Fast Retailing CEO Not Interested in J. Crew, Other Acquisitions

The head of Asia’s biggest apparel maker, known for its Uniqlo stores, is dismayed by the election of Donald Trump.

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VW to Slash Up to 30,000 Jobs in Broad Overhaul

Volkswagen is expected to announce a sweeping restructuring of its embattled VW passenger car brand that includes up to 30,000 job cuts over the next five years.

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Thursday, November 17, 2016

Coca-Cola to Divest Itself of China Bottling for Roughly $1 Billion

Coca-Cola reached a definitive agreement to divest its bottling stakes in China for roughly $1 billion, part of broader strategy to focus on its more profitable concentrate-making business.

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L.A. Builders Say New Affordable-Housing Rules Will Stifle Construction

Affordable-housing advocates hailed regulations voters passed last week, but developers say they could crimp home supply in an already-tight market.

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Best Buy Gets Boost From Online Sales

Best Buy posted a 24% increase in its U.S. online sales for the third straight quarter, proving again that it is the unlikely outperformer among traditional retailers in expanding its online business.

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Probe Over Payments Led Rio Tinto to Fire Top Officials

An internal Rio Tinto investigation raised questions about whether company executives followed rules for paying people close to government officials in foreign countries, a finding that helped lead to the dismissal of two top officials this week.

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Amazon Sets Out for a Global Expansion of Video Streaming

Amazon.com is on the verge of a massive global rollout of its streaming video service, people familiar with the matter said, taking direct aim at rival Netflix Inc.

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Intel Uses Acquired Chips to Drive Deep Learning

Intel Corp., to intensify its efforts to counter rival Nvidia Corp. in the hot new computing market known as deep learning, is taking the unusual step of relying on technology developed by a startup it acquired.

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Tesla, SolarCity Merger Gets Shareholder Approval

Shareholders of Tesla and SolarCity approved Tesla’s $2.1 billion all-stock offer to merge and create one company headed by Elon Musk that would sell emissions-free cars and solar panels that help power them.

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Bloomberg Changes Businessweek Leaders, Ends Political TV Program

Bloomberg LP announced a series of changes across its news organization, including a revamp and new leadership at its money-losing magazine Bloomberg Businessweek and the end of its high-priced political news program, “With All Due Respect.”

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Airbnb Starts 'Trips' Service to Book Experiences, Tours

Airbnb Inc., the home-sharing startup, said it would begin allowing travelers to book customized experiences and tours.

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U.S. Prosecutors to Charge Two Valeant, Philidor Executives

Federal prosecutors on Thursday said they would charge former Valeant executive Gary Tanner and former Philidor Chief Executive Andrew Davenport, alleging they engaged in a multimillion-dollar fraud and kickback scheme.

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Trump and Subsidies: New Wrinkle for Tesla-SolarCity Deal

Shareholders set to vote over the merger of Elon Musk’s Tesla Motors and SolarCity have a new dilemma to consider: How Donald Trump’s election will affect subsidies for green power.

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Thai Food Tycoon Buying U.S.'s Bellisio Parent

A company owned by Thailand’s richest man, billionaire Dhanin Chearavanont, has agreed to buy the U.S.-based frozen-food company Bellisio Parent for nearly $1.1 billion, the latest move by an acquisitive Thai tycoon looking to branch out beyond the home market.

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U.S. Housing Starts Rose in October

Both housing starts and permits for new construction rose in October, a sign residential construction is ramping up to meet steady demand.

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U.S. Jobless Claims Fall

The number of Americans applying for first-time unemployment benefits fell to a multidecade low last week, a sign of continued strength in the U.S. labor market.

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U.S. Consumer Prices Rise for Third Straight Month in October

U.S. consumer prices increased in October from a year earlier at the fastest rate in two years, the latest sign inflation pressures in the economy are firming.

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Russia Blocks LinkedIn

Russia has formally blocked professional social network LinkedIn a week after a Moscow court upheld a decision to block the U.S. company’s activities in the country.

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Fed's Yellen: Rate Increase Could Become Appropriate 'Relatively Soon'

Federal Reserve Chairwoman Janet Yellen on Thursday reiterated that an increase in short-term interest rates “could well become appropriate relatively soon,” but offered no new signals about what the central bank will do at its meeting next month.

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Rio Tinto's West African Bet Comes Back to Haunt It

Massive iron-ore deposits in Guinea’s Simandou mountains promised Rio Tinto riches. Now the undeveloped $20 billion project is the source of a major headache for the firm—and a warning for miners venturing into the frontiers.

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Wal-Mart Sales Edge Up, Though Profit Falls

Wal-Mart’s revenue rose less than expected in the third quarter, and profit fell 8.2% as the retailer continues to invest billions to boost its e-commerce business and improve stores.

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Bezos Invests Billions to Make Amazon a Top e-Commerce Player in India

Amazon founder Jeff Bezos is telling executives to ‘do what it takes to succeed’ in India, investing billions of dollars to build a logistics network that has made the online retailer India’s No. 2 e-commerce player.

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VW's Chief Faces Long Road to Overhaul Auto Maker

A year after taking over, Volkswagen’s Chief Executive Matthias Müller will be able to present some successes when the supervisory board meets on Friday. But his goal of transforming the beleaguered auto maker and significantly boosting profit remains elusive.

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Staples Revenue Falls 4%, Hurt by Same-Store Sales

Staples Inc. said profit and revenue fell in the third quarter, hurt by lagging same-store sales as it works through its turnaround plan.

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Tesoro to Buy Western Refining

Oil refiner Tesoro will buy Western Refining in a deal worth about $4.1 billion as the U.S. refining market faces the declining spread between U.S. and global oil prices.

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Volkswagen Seeks Chinese Partners to Expand Beyond Selling Cars

Volkswagen is in separate talks with Chinese companies, including Didi Chuxing, to form possible joint ventures focused on so-called mobility services such as ride-hailing and car-sharing.

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Toyota Sees the Battery-Power Light

World No. 1 car maker Toyota, a longstanding skeptic on battery-powered vehicles, will set up a unit to build a battery-powered car and get it to market as quickly as possible.

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Wednesday, November 16, 2016

What Shape Is U.S. Coal In?

Throughout his campaign, Donald Trump promised to end the “war on coal,” but although limiting emissions makes the air cleaner, it comes at a cost.

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Theranos Whistleblower Shook the Company---And His Family

Tyler Shultz says he wanted to shield the reputation of former Secretary of State George Shultz, a Theranos director and his grandfather. His efforts opened a rift in the family.

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Trump Hotel Ruling Takes on Heightened Implications

A routine National Labor Relations Board case moving through federal court took on greater implications with the election of Donald Trump as the first president in modern history who owns a large and well-known business.

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Rio Tinto Terminates Executives Over Simandou Investigation

Rio Tinto terminated the contracts of energy and minerals chief executive Alan Davies and legal and regulatory affairs group executive Debra Valentine over an internal investigation into 2011 contractual arrangements with a consultant who provided advisory services on the Simandou project in Guinea.

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First Solar to Cut More Than a Quarter of Staff

First Solar said it would lay off more than a quarter of its staff and restructure operations to focus on newer solar modules, which will lead to $500 million in charges and push the company into the red for the year.

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Mazda CEO Says Electric Cars Coming in 2019

Mazda Motor CEO Masamichi Kogai said the company plans to start selling electric vehicles in 2019, joining rivals in Japan that face tightening emission standards abroad.

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Brazilian Meat Giant Pins Hopes for Rebound on U.S.

Brazilian meatpacker JBS has seen its earnings decline in three of the past four quarters, as it wrestles with currency fluctuations, hedging woes, a $14.3 billion net-debt load and legal troubles for its chief executive and chairman.

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How to Win at Christmas Shopping: Don't Just Trust Amazon

Geoffrey A. Fowler busts holiday shopping myths and shares his secrets for finding the season’s best deals.

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Cisco Shows Signs of Pressure

Cisco Systems showed more signs of pressure on its flagship networking hardware in the latest quarter, despite growth in smaller businesses it entered more recently.

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Trump vs. AT&T: A Signal Test of How Business Will Fare in New Washington

Other businesses watch to see if the phone giant can push its planned merger with Time Warner through a still-undefined presidency. Cabinet appointments, especially at the Justice Department and Federal Communications Commission, will help determine the outcome.

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Wal-Mart Stores Earnings: What To Watch

Wal-Mart Stores will report fiscal third-quarter financial results before the market opens Thursday; same-store sales, traffic and e-commerce will be in focus.

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Chinese Web Users Prize Offline Marketing

Columnist Li Yuan writes that online success in China comes not so much from an app or website’s usefulness, but from physical-world marketing and support.

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Trump Isn't Likely to Brighten the Inflation Picture---Or Wreck It, Either

Bond markets since Donald Trump’s election victory have gone from obsessing over deflation to worrying about inflation. It’s an overreaction, Greg Ip writes.

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Sign-Ups Under Affordable Care Act So Far Seem Not Hurt By Trump Win

More than a million people chose plans on the federal exchange in the first two weeks of open enrollment under the Affordable Care Act, indicating sign-ups haven’t been hurt by Donald Trump’s plans to repeal or amend the law.

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Google CEO to Meet With EU Antitrust Chief

Google CEO Sundar Pichai will meet with European Union antitrust chief Margrethe Vestager, after Google filed its latest response to the EU’s barrage of antitrust cases against the search giant.

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Taiwan Approves $17.6 Billion Aid Package for Shipping Companies

Taiwan’s government has approved a $17.6 billion relief package for the country’s loss-making container shipping companies to prevent a collapse similar to Korea’s Hanjin.

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Home Builder Sentiment Holds Steady

U.S. builders say they are upbeat about the market for single-family homes, reflecting steady sales and a stable economy.

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U.S. Producer Prices Hold Flat in October

A gauge of U.S. business prices held flat in October, suggesting inflation pressures remain mild.

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U.S. Industrial Production Flat in October

Industrial output was flat in October as unusually warm weather depressed demand for home and office heating, but the U.S. manufacturing and mining sectors showed continued signs of stabilization.

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Facebook Says It Found More Miscalculated Metrics

Facebook has found four more discrepancies in how it calculated some measurements after conducting a sweeping review of its metrics. To calm concerns among advertisers and publishers, the company is forming a measurement council and introducing more third-party data verification.

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Car Designers Take Cues From SciFi Films

Auto brands including Fiat Chrysler, Ford and Mercedes-Benz are turning to special-effects tools to help them envision how drivers might use visual information in future dashboard displays.

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Target Boosts Forecast as Results Beat Views

Target raised its outlook for same-store sales over the holiday season as the retailer reported better-than-expected results in the latest quarter.

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Lowe's Cuts Guidance Amid Traffic Slowdown

Lowe’s Cos. cut its guidance for the year amid a traffic slowdown in August and September.

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The Snag in Trump's Pledge to Make America Make Again

Asia’s sophisticated electronics supply chain and massive labor pool are obstacles standing in the way of President-elect Donald Trump’s pledge to make U.S. companies bring manufacturing jobs back home.

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Rolls-Royce Earnings Headwinds Far From Easing

After more than a year of crisis management, the boss of Rolls-Royce is ready to start planning the long-term future of the British aircraft engine maker despite pressure on earnings from new accounting rules and weak demand. Rolls-Royce shares fell in early trading.

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China Tencent's Profit Jumps on Games Gains

Chinese internet major Tencent Holdings said third-quarter net profit rose 43% from a year earlier on solid revenue growth from mobile games and advertising.

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Car Makers Signal Preference for Autoliv's Proposal for Takata

Daicel is no longer a strong contender to take over troubled Japanese air-bag maker Takata, and car makers are instead looking with favor toward Sweden’s Autoliv.

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IBM CEO Offers Donald Trump Advice

IBM CEO Ginni Rometty published an open letter to U.S. President-elect Donald Trump—who as candidate had criticized the company for moving jobs overseas—with recommendations on issues including infrastructure and health care.

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China's Xi Opens Tech Conference With Call for 'Cyber Sovereignty'

China’s President Xi Jinping called for “more fair and equitable” governance of the global web, as the country opened a state-run internet conference aimed at pushing its alternative vision of the web.

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Tuesday, November 15, 2016

Walgreens Claims Theranos Voided 11.3% of Test Reports

Theranos allegedly voided 11.3% of all blood-test reports that the Silicon Valley laboratory firm provided to Walgreens customers during a yearslong partnership between the companies, said a court filing by the drug chain.

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Supersonic Passenger Jet Edges Closer to Reality

Honeywell International Inc. has agreed to supply avionics for a proposed supersonic jetliner—intended to carry only premium passengers—that could slash transcontinental travel times in half.

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Fake Content Pressures Facebook, Google

Facebook, Twitter and Google are under increased pressure to police what news content can be posted on their platforms, making them reluctant judges of what is misleading, hateful or true.

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October Internet Attack Targeted PlayStation Network, Researchers Say

A single videogame player with a grudge might have caused the massive internet failure that made hundreds of websites inaccessible last month, researchers say.

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Intel Courts Autonomous-Car Makers

Intel Chief Executive Officer Brian Krzanich arrived at his first car show as a speaker to deliver the message that his company’s computing muscle and big-data prowess are just what auto makers need.

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Ford CEO Wary of Trump's Talk About Tariffs and Nafta

Ford Motor CEO Mark Fields issued a warning about President-elect Donald Trump’s proposed trade policies, saying high tariffs on autos and other products coming into the U.S. would be a blow to the industry and economy.

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Legal Damages Upheld in Fatal Jeep Fire

A Georgia appeals court upheld $40 million in legal damages against Fiat Chrysler Automobiles NV stemming from a Jeep fire that killed a 4-year-old boy.

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Snapchat Parent Starts IPO Process

Snap has confidentially filed paperwork for an initial public offering, a major step forward in plans for what would be one of the highest-profile share debuts in recent years.

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Gap Names Former Kraft Finance Chief as Next CFO

Gap Inc., the embattled clothier that is losing its longtime finance chief early next year, named a former Kraft and Dick’s Sporting Goods Inc. veteran as its next CFO.

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China Consumer Group Reports Problems With iPhones

A Chinese consumer-protection group said Tuesday it is investigating complaints that some Apple Inc. iPhones are spontaneously shutting off even when half their battery life remains.

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Bad Job Interview? Ask for a Do-Over

You can get second chances by admitting mistakes, offering more information and other tactics. Ask for feedback often and always follow up.

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Glencore's KCC Made Undisclosed Payments to Firm of Businessman in Congo Operation

A mining company run by Glencore in the Democratic Republic of Congo made millions of dollars in undisclosed payments to an Israeli businessman who U.S. authorities say has paid more than $100 million in bribes to Congolese officials.

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House Republicans Aim to Cut Taxes Without Increasing Deficits

The House Republican overhaul of the tax code is being written to expand the economy and avoid increasing budget deficits, the lawmaker leading the effort said on Tuesday.

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Boeing To Cut Defense Jobs

Boeing Co. said Tuesday it would cut 500 net jobs over the next four years from its defense and space business in Southern California as it shrinks work at its Huntington Beach facility and closes two smaller plants in Texas and Virginia.

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Fiat Chrysler Struggles Over Terminology for Hybrid Minivan

Fiat Chrysler Automobiles is selling a battery-powered version of its popular minivan and is struggling with a problem many car companies confront when wading into the electric-vehicle market with a car that has complicated technology: What do you call it?

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U.S. Postal Service Loss Widens as Higher Costs Offset Revenue Growth

The U.S. Postal Service reported a wider loss for the fiscal year ended Sept. 30 as growth in shipping and package volume boosted revenue but also led to higher spending.

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VW, Audi May Face Higher Costs From Emissions Issues

Volkswagen and its Audi unit face the prospect of significantly higher costs to resolve emissions-cheating litigation in the U.S. following a recent disclosure about Audi that unleashed new consumer lawsuits.

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Shoppers Ramp Up Spending Ahead of Key Holiday Shopping Season

American shoppers shrugged off pre-elections jitters and spent more on home improvement projects, sporting goods and off-price clothing, a promising sign ahead of the key holiday shopping season.

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American Apparel Store Chain on the Line in Bankruptcy

The fate of American Apparel’s 110-store retail chain should be known by the holiday season, when a bankruptcy auction will test the market’s appetite for distressed sellers of young-adult fashions.

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General Electric to Buy Two Tech Startups

General Electric Co. said it would buy a pair of tech startups for its GE Digital business, as the conglomerate seeks to convince investors its future is as much about software as heavy machinery.

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Nintendo Launching Super Mario Run App for iOS Dec 15

Nintendo plans to launch its highly anticipated mobile app “Super Mario Run” on Dec. 15, charging $9.99 in the U.S. for people who want to play the full game.

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WhatsApp Adds Video Calling to iOS, Android and Windows Phones

WhatsApp, the massively popular messaging app owned by Facebook, is adding video calling to its smartphone app across three operating systems: Apple’s iOS, Alphabet’s Android and Microsoft’s Windows smartphone OS.

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U.S. Retail Sales Rose Briskly in October

Sales at U.S. retailers soared in recent months, suggesting Americans are spending briskly heading into the holidays and boosting the economy.

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U.S. Import Prices Firming

Prices for foreign goods shipped to the U.S. rose in October, a sign of firming inflation driven by higher fuel costs.

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Social-Media Confronts Misinformation and Harassment

Ongoing complaints about misinformation and hate speech on the internet are forcing social-media companies to confront whether they need to take more responsibility for the content on their sites.

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Wal-Mart Tells Workers: Don't Download Labor Group's Chat App

The retail giant is warning store workers not to download a smartphone app designed by OUR Walmart, an organization that advocates for higher pay and other benefits, as the battle between employers and labor groups increasingly shifts to social media.

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United Continental Postpones Boeing 737 Jets

United Continental Holdings Inc. said Tuesday that it would postpone receiving dozens of new Boeing Co. jets to trim spending.

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U.S. Refiners Feel the Squeeze as Crude Oil Discount Disappears

American refiners had benefited for years from the supply of oil coming from U.S. shale fields, but the recent drop in such output has sharply narrowed that advantage.

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One Employer Fights Against Prescription-Drug Abuse

After managers found evidence of drug activity in one of its plants in 2013, engine-maker Cummins has made it harder for employees to obtain prescriptions for potentially addictive painkillers.

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Home Depot Sales and Revenue Rise

Home Depot on Tuesday posted sales and profit growth on more as well as higher-priced transactions.

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Japan Watches Samsung Chip Away at Its Car Makers

Samsung’s planned $8 billion acquisition of U.S. auto-parts supplier Harman has exacerbated fears in Japan that its makers of cars and car parts will get left behind in the auto-technology race.

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Lyft Sees Cash in Dashboard Flash

The ride-hailing company believes it has created a colorful way to shave valuable seconds off each ride and potentially enable drivers to pick up more passengers.

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Vodafone Loss Widened by Hefty India Write-Down

Vodafone said it remained on track to meet its full-year goals despite reporting a sharply wider net loss, as increased competition in its Indian business prompted it to book a $5.38 billion write-down.

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Merck Raises Guidance

German pharmaceuticals and chemicals company Merck reported a near 26% rise in profit for the third quarter and raised its guidance for the full year because of growth at the life science and health care businesses.

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EasyJet Profit Dives

EasyJet reported a 22% drop in fiscal-year net profit after terror attacks, the weak pound, and strikes battered the budget airline’s business. The U.K. carrier signaled earnings remain under pressure from Britain’s decision to leave the EU.

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