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Diageo is close to buying Turkish spirits company Mey Içki for between $2 billion and $2.5 billion, a deal that would give the U.K. alcohol giant access to a vast distribution network Turkey.
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Negotiators from the world's leading economies haggled all night over seemingly technical details regarding how to measure global economic imbalances. They eventually produced a 53-word sentence intended to appease all sides—and open to interpretation by all sides.
Online deals website Groupon appears to be making preparations to launch operations in China, a move that could shake up the market for group buying.
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An unusual surge in ECB overnight lending last week was connected to Ireland's effort to wind down nationalized lenders Anglo Irish Bank and Irish Nationwide Building Society, a person familiar with the matter said.
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Sapporo Holdings is mapping out strategies that could involve acquisitions or creating a new plant to meet rising demand for premium beer in North America. In Asia, meanwhile, the Japanese company is expanding its beer and soft-drink business.
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South Korean conglomerate Hyundai Motor Group made a reduced offer of $4.47 billion for a controlling stake in Hyundai Engineering & Construction, an official at one of the seller companies said, bringing the drawn-out sale closer to completion.
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Miner Anglo American reported a near tripling in full-year net profit owing to strong performance across all its divisions, particularly in its iron ore, copper and platinum divisions.
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Richard Ong, one of Hopu Investment Management's founding partners, is leaving the China-focused private-equity firm to set up his own $2 billion fund, according to people familiar with the situation.
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Clariant's bid for Germany's Süd-Chemie is a risky bet, and if it doesn't work out, Clariant could become a takeover target.
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Ryanair is teaming up with a media company to sell targeted ads aimed at passengers booking and checking in online.
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In an interview with WSJ's Alan Murray, social media expert Clay Shirky discusses the effect of Facebook, Twitter and other social media in the recent uprisings in Egypt and Tunisia, and what it could mean for the Middle East at large.
Research spending and technology exports were some of the menu items Thursday evening when President Obama sat down for dinner with Apple's Steve Jobs, Facebook's Mark Zuckerberg and other corporate chieftains.
Politicians have been carping about the more than $2 trillion in cash sitting idle in corporate coffers. But much of it isn't in the U.S.; it is abroad. And it isn't likely to come back home unless U.S. tax laws change.
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Campbell Soup reported a drop in quarterly profit and cut its outlook as increased promotional efforts failed to boost soup sales.
Federal Reserve Chairman Ben Bernanke fired his most pointed rebuttal yet at foreign critics who say the U.S. central bank's easy money policies are breeding inflation and asset bubbles abroad.
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Florida Gov. Rick Scott's call to cancel a state drug-monitoring program has sparked an uproar in Appalachian states that say they are deluged with illegally bought pills from South Florida pain clinics.
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A Brooklyn, N.Y., rabbi was sentenced to four years in prison for trying to shake down hedge-fund firm SAC Capital Advisors and its founder, Stephen A. Cohen, for $4 million.
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Companies controlled by Mexican billionaire Carlos Slim have decided to stop advertising through broadcaster Grupo Televisa.
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