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Jawbone`s demise a case of `death by overfunding` in Silicon Valley

FILE PHOTO: Hosain Rahman, CEO and co-founder of Jawbone, speaks during the Samsung keynote with Jawbone products displayed in the background at the International Consumer Electronics show (CES) in Las Vegas, Nevada January 5, 2015. REUTERS/Rick Wilking Consum... More »

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China`s COSCO Shipping offers $6.3 billion for Orient Overseas Ltd

FILE PHOTO: Containers from China Ocean Shipping Company (COSCO) are pictured at a port in Shanghai, China, February 17, 2016. REUTERS/Aly Song/File Photo COSCO Shipping Holdings Co Ltd (601919.SS) has offered to buy Orient Overseas International Ltd (OOIL) (0... More »

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IMF says Ukraine land reform will be key for next review

The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS/Yuri Gripas Overhauling land legislation will be key for Ukraine’s next review by the International Monetary Fund (IMF) and shou... More »

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China, France eye Gambian port upgrade to rival Dakar

Port workers are seen in front of a shipping vessel unloading its cargo in the port of Banjul, Gambia June 29, 2017. Picture taken June 29, 2017. REUTERS/Emma Farge Chinese and French companies are bidding to help Gambia build up its Atlantic port Banjul to be... More »

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Robot wars: knee surgery marks new battleground for companies

FILE PHOTO: Doctors and medical staff work during knee prosthesis surgery in an operation room at the hospital of the Canton of Nidwalden in Stans, Switzerland October 27, 2011. Picture taken October 27, 2011. REUTERS/Michael Buholzer/File Photo The world’s to... More »

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JPMorgan tops Canadian M&A activity in energy-driven first half

FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files Canadian mergers and acquisitions rose about 13 percent to C$120.5 billion ($93.2 billion) in the first half of 2017,... More »

Highland Capital to buy, expand Argentina fund

Dallas-based Highland Capital Management LP is set to buy and expand an Argentina-focused hedge fund previously managed by Argentine fund firm MBA Asset Management, according to a person familiar with the situation. More »

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Australia`s Fairfax ends talks with PE suitors without formal bid

FILE PHOTO: People walk outside the Fairfax Media headquarters building in Sydney, Australia, May 3, 2017. REUTERS/Jason Reed Australian newspaper publisher Fairfax Media Ltd said two private equity firms withdrew from rival takeover bids worth up to A$2.9 bil... More »

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Italy bank rescue divides Europe

A Banca Popolare di Vicenza sign is seen in Rome, Italy, March 29, 2017. REUTERS/Alessandro Bianchi Italy’s multi-billion-euro closure of two lenders drew sharp criticism on Monday for hurting a project devised to underpin confidence in the euro zone during th... More »

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Toshiba stock listing status downgraded, deeper losses flagged

The logo of Toshiba Corp is seen behind cherry blossoms at the company’s headquarters in Tokyo, Japan April 11, 2017. REUTERS/Toru Hanai Crisis-wracked Toshiba Corp suffered further indignities on Friday, estimating bigger losses for the past financial year an... More »

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`Bailout` Buffett burnishes `lender of last resort` image

FILE PHOTO – Investor Warren Buffet arrives for the premiere of the film ”Wall Street: Money Never Sleeps” in New York, U.S. on September 20, 2010. REUTERS/Lucas Jackson/File Photo It took less than 24 hours for Warren Buffett, one of the world’s savviest deal... More »

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Cenovus to replace CEO, plans asset sales after unpopular deal

FILE PHOTO: President and CEO Brian Ferguson of Cenovus Energy addresses shareholders during the company’s annual general meeting in Calgary, Alberta, April 29, 2015. REUTERS/Todd Korol Cenovus Energy Inc said on Tuesday it would replace Chief Executive Brian ... More »

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EU`s Dijsselbloem praises `successful` Banco Popular rescue

Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem rings the bell as he chairs a eurozone finance ministers meeting in Brussels, Belgium May 22, 2017. REUTERS/Francois Lenoir The sale of Banco Popular to Santander (SAN.MC) was a success, the he... More »

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Chairman Wu charts roller-coaster ride for Waldorf-owner Anbang

FILE PHOTO: Chairman of Anbang Insurance Group Wu Xiaohui attends the China Development Forum in Beijing, China March 18, 2017. REUTERS/Thomas Peter/File Photo Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid fo... More »

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Verizon closes Yahoo deal, Mayer steps down

Marissa Mayer, President and CEO of Yahoo, participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco, California, U.S. on November 3, 2015. REUTERS/Elijah Nouvelage Verizon Communications Inc (VZ.N) said on Tuesday it closed its $4.4... More »

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Opel CEO to resign after sale to Peugeot: newspaper

FILE PHOTO – Dr Karl-Thomas Neumann, CEO of Opel Group speaks during a news conference on media day at the Paris auto show, in Paris, France, September 29, 2016. REUTERS/Benoit Tessier The chief executive of General Motors’ (GM.N) European arm Opel, Karl-Thoma... More »

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Iran`s Aseman signs final deal for 30 Boeing 737s: IRNA

Boeing’s logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon Aseman Airlines has signed a final deal to buy 30 Boeing (BA.N) 737 MAX jets in Iran’s first new business with the U.S. planemaker since Presid... More »

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Toshiba unconvinced by Western Digital`s last-ditch chip bid

The logo of Toshiba Corp is seen behind cherry blossoms at the company’s headquarters in Tokyo, Japan April 11, 2017. REUTERS/Toru Hanai Toshiba Corp (6502.T) said on Friday it was not convinced by Western Digital Corp (WDC.O) CEO Steve Milligan’s effort to wi... More »

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Digital Realty expands data center reach with DuPont Fabros buy

Digital Realty Trust Inc (DLR.N) said it would buy fellow data center operator DuPont Fabros Technology Inc (DFT.N) for an enterprise value of about $7.6 billion, its biggest-ever deal, to help expand in high-demand markets in the United States amid a rapid sh... More »

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SpaceX wins launch of U.S. Air Force X-37B space plane

FILE PHOTO: The U.S. Airforce’s X-37B Orbital Test Vehicle mission 4 after landing at NASA’s Kennedy Space Center Shuttle Landing Facility in Cape Canaveral, Florida, U.S., May 7, 2017. U.S. Air Force/Handout via REUTERS/File Photo Elon Musk’s Space Exploratio... More »

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Toshiba shares rise on report Broadcom chosen as chip unit buyer

FILE PHOTO: The logo of Toshiba Corp is seen behind a traffic light at the company’s headquarters in Tokyo, Japan March 29, 2017. REUTERS/Issei Kato/File Photo Shares in Toshiba Corp (6502.T) rose as much as 4 percent in early Tuesday trading after Asahi newsp... More »

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GM shareholders to decide on Greenlight stock plan, board challenge

The GM logo is seen at the General Motors Assembly Plant in Valencia, Venezuela April 21, 2017. REUTERS/Marco Bello Greenlight Capital’s plan to split up General Motors Co’s (GM.N) stock, as well as its challenge to the company’s board of directors, will come ... More »

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Pace of Gulf tech deals heats up as Emaar buys Namshi stake

A logo of Emaar is seen near the Dubai Mall March 16, 2014. REUTERS/Ahmed Jadallah Emaar Malls will buy a 51 percent stake in e-commerce fashion website Namshi from Global Fashion Group, a firm backed by Rocket Internet, for $151 million, a sign of growing dem... More »

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China`s tech money heads for Israel as U.S. welcome wanes

FILE PHOTO: Logos of Tencent are displayed at a news conference in Hong Kong, China March 22, 2017. REUTERS/Tyrone Siu/File Photo Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising te... More »

Snoopy moves in with the Teletubbies at DHX Media

DHX Media Ltd is buying the entertainment unit of Iconix Brand Group Inc for $345 million, adding the Peanuts comic strip and cartoon character Strawberry Shortcake to its roster of brands that includes “Bob the Builder” and “Teletubbies”. More »

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U.S. launches national security probe into aluminum imports

U.S. Commerce Secretary Wilbur Ross waves after speaking about new tariffs on Canadian softwood lumber from the White House in Washington, U.S. April 25, 2017. REUTERS/Yuri Gripas The U.S. Commerce Department launched an investigation on Wednesday to determine... More »

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Tesla hikes pay to quell unrest at key German supplier

A robotic arm changes the tyre of a Tesla car at the world’s biggest industrial fair, ‘Hannover Fair’, in Hanover, Germany April 24, 2017. REUTERS/Fabian Bimmer Luxury electric carmaker Tesla (TSLA.O) offered pay rises and job guarantees to defuse labor tensio... More »

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Luxury retailer Jimmy Choo puts itself up for sale

A Jimmy Choo shoe is seen in a shop in downtown Rome, Italy March 1, 2016. REUTERS/Max Rossi British luxury retailer Jimmy Choo (CHOO.L) is seeking offers for the company as part of a review of its strategic options to maximize shareholder value, it said on Mo... More »

Becton Dickinson to acquire Bard for $24 billion

U.S. medical equipment supplier Becton Dickinson and Co will acquire C R Bard Inc, in a $24 billion cash-and-stock deal, adding Bard’s devices to its portfolio in the high-growth sectors of oncology and surgery, both companies said on Sunday. More »

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KKR, INCJ plan joint bid for Toshiba`s chip unit: Nikkei

The logo of Toshiba Corp is seen behind a traffic light at the company’s headquarters in Tokyo, Japan March 29, 2017. REUTERS/Issei Kato U.S. private equity firm KKR & Co LP (KKR.N) and Japanese government-backed fund, Innovation Network Corp of Japan (INCJ), ... More »

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Exclusive: Buffett likely voted shares to back Wells Fargo board

Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks at the Fortune’s Most Powerful Women’s Summit in Washington October 13, 2015. REUTERS/Kevin Lamarque/File Photo Wells Fargo & Co’s (WFC.N) largest investor, Warren Buffett, has likely already voted... More »

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Booming ETFs help BlackRock weather investors` cost-cutting

FILE PHOTO: The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid/File Photo BlackRock Inc (BLK.N), the world’s biggest ass... More »

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Democrats urge FCC to drop plan to revise TV ownership rules

The Federal Communications Commission (FCC) logo is seen before the FCC Net Neutrality hearing in Washington February 26, 2015. REUTERS/Yuri Gripas The top Democrat in the U.S. House of Representatives on Wednesday urged the Federal Communications Commission t... More »

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IDG Capital to deploy more resources in firms, eyes tech assets

Hugo Shong, IDG Capital Global Chairman, at IDG headquarters in Beijing, China, August 21, 2015. REUTERS/Stringer IDG Capital, a private equity and venture capital firm, will deploy greater resources and time in companies as they grow, in contrast to some quic... More »

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China`s CMC in tie-up with Hollywood talent agency CAA

Li Ruigang, Founding Chairman, China Media Capital (CMC), People’s Republic of China, attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2017. REUTERS/Ruben Sprich Chinese fund CMC Capital Partners (CMC), which has ... More »

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Apple considers bidding for Toshiba`s chip business: report

FILE PHOTO: An Apple logo is seen in a store in Los Angeles, California, U.S., March 24, 2017. REUTERS/Lucy Nicholson/File Photo Apple Inc (AAPL.O) is considering teaming up with its supplier Foxconn to bid for Toshiba Corp’s (6502.T) semiconductor business, p... More »

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Verizon considering topping AT&T`s bid for Straight Path: sources

FILE PHOTO — A Verizon sign is seen at a retail store in San Diego, California, U.S. on April 21, 2016. REUTERS/Mike Blake/File Photo Verizon Communications Inc (VZ.N) is considering making a buyout offer for Straight Path Communications Inc (STRP.A) which wou... More »

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Toshiba denies report of suspension of chip unit sale process

The logo of Toshiba Corp is seen behind cherry blossoms at the company’s headquarters in Tokyo, Japan April 11, 2017. REUTERS/Toru Hanai Toshiba Corp on Friday denied a Bloomberg report that the company had temporarily suspended all meetings and decisions over... More »

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Akzo Nobel receives request from Elliott for shareholder meeting

The sign of AkzoNobel is pictured at its headquarters in Amsterdam February 6, 2014. REUTERS/Toussaint Kluiters/United Photos Dutch paint maker Akzo Nobel (AKZO.AS) said on Wednesday that it had received a request from a group of shareholders led by Elliott Ad... More »

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Telecoms, cable group Altice starts IPO process for U.S. arm

The logo of cable and mobile telecoms company Altice Group is seen during a news conference in Paris, France, March 21, 2017. REUTERS/Philippe Wojazer Altice USA, the cable operator that Netherlands-based Altice NV (ATCA.AS) put together by acquiring Cablevisi... More »

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California pension fund is latest to scrap some active managers

A California pension fund has fired Franklin Templeton Investments, JPMorgan Chase & Co and Pacific Investment Management Co from some portfolio-management responsibilities in a shakeup that puts more of its assets in lower-fee, index-tracking investments, the... More »

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Amazon acquires right to buy stake in fuel cell maker Plug Power

FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S., May 21, 2016. REUTERS/Lucy Nicholson/File Photo Hydrogen fuel cell maker Plug Power Inc (PLUG.O) said on Wednesday Amazon.com Inc (AMZN.O) had acquir... More »

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United Launch Alliance cuts Atlas rocket price amid competition

FILE PHOTO: United Launch Alliance launches an Atlas V rocket with an United States Air Force OTV-4 onboard from Cape Canaveral Air Force Station, Florida, May 20, 2015. REUTERS/Michael Brown United Launch Alliance has dropped the price of its workhorse Atlas ... More »

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Apple, Amazon, Google join bidding for Toshiba chip unit: media

The logo of Toshiba is seen as shareholders arrive at Toshiba’s extraordinary shareholders meeting in Chiba, Japan March 30, 2017. REUTERS/Toru Hanai TPX IMAGES OF THE DAY Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O) and Google have joined bidding for Toshiba’s... More »

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DuPont in asset deal with FMC, delays close of Dow merger

The Dupont logo is displayed on a board above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S. on December 22, 2015. REUTERS/Lucas Jackson/File Photo DuPont said on Friday it would buy a unit of FMC Corp and sell its cr... More »

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FDA declines to approve Mylan`s generic of GSK`s Advair for now

The GlaxoSmithKline building is pictured in Hounslow, west London June 18, 2013. REUTERS/Luke MacGregor/File Photo Mylan NV said on Wednesday the U.S. Food and Drug Administration declined to approve its generic version of GlaxoSmithKline Plc’s (GSK.L) blockbu... More »

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FDA, Mylan silence on generic Advair may be good news for GSK

Signage for GlaxoSmithKline is seen on it’s offices in London, Britain, March 30, 2016. REUTERS/Toby Melville/File Photo A deadline for U.S. regulators to give a verdict on a generic copy of GlaxoSmithKline’s blockbuster inhaled lung drug Advair has passed wit... More »

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BlackRock cuts fees and jobs- stockpicking goes high-tech

A man walks next to a BlackRock sign pictured in the Manhattan borough of New York, October 11, 2015. REUTERS/Eduardo Munoz BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on ... More »

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India`s Snapdeal searches for funds, takeover speculation grows

Indian online retailer Snapdeal is seeking investment to shore up its finances after unsuccessful talks with Chinese funds and Alibaba Group Holding Ltd (BABA.N) as it battles to remain competitive, sources with direct knowledge of the matter said. More »

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Oi shares jump on debt plan- capital questions remain

Consumers stand in front of an Oi store, Brazil’s largest fixed-line telecoms group, in Sao Paulo, Brazil June 24, 2016. REUTERS/Paulo Whitaker A new reorganization plan from Brazil’s debt-laden phone carrier Oi SA boosted shares on Thursday, but analysts cont... More »

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For Goldman Sachs, a rare pass from shareholder resolutions

A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo For the first time in more than a decade, Goldman Sachs Group Inc (GS.N) has managed to avoid any proxy battles with activist shareholders b... More »

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China`s Geely doubles earnings as Volvo tech boosts sales

FILE PHOTO: Employees work along a Geely Automobile Corporation assembly line in Cixi, Zhejiang province June 21, 2012. REUTERS/Carlos Barria/File Photo China’s Geely Automobile Holdings Ltd (0175.HK) posted its biggest profit growth in eight years on Wednesda... More »