US Business News

Alibaba Plans IPO Launch Week of Sept. 8

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Chinese e-commerce company Alibaba plans to launch its U.S. initial public offering, which could raise more than $20 billion, early in the week of Sept. 8.

Bad Loans Soar at China State Banks

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China's biggest state-owned banks reported a surge in soured and castoff loans in the first half of the year.

Fiat Chrysler Merger Moves Ahead

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Fiat said its reorganization to create Fiat Chrysler Automobiles is proceeding as enough shareholders opted to retain their holdings in what would become a company with a U.K. tax residency, Amsterdam headquarters and a primary stock market listing in New York.

Falling Prices Threaten to Sink Europe Recovery

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Europe's struggle to prevent ultralow inflation from derailing an already fragile economic recovery grew even more challenging as consumer prices weakened to a five-year low in August.

U.S. Utilities Push Electric Cars

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Companies that sell electricity are desperately trying to find new ways to sell more kilowatts. Enticing Americans to adopt electric cars would give utilities' profits a jolt.

Boeing's Early Dreamliners Sit on Tarmac

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Company struggles to unload a batch of 787s built during the height of its problems with the plane's design and supply chain snafus.

Google Drones Lift Industry Hopes

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Google's entry into the drone business brings financial and lobbying heft that should help the fledging industry overcome technical and regulatory obstacles.

Tesla Adding Charging Stations in China

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Electric-car maker Tesla Motors struck a deal to with China Unicom, a Beijing-based wireless phone provider, to expand its network of charging stations in China.

Telefónica Eyes Deal by Mid-2015

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Spanish telecommunications company Telefónica said it expects to complete the $9.82 billion acquisition of Vivendi's Brazilian unit, GVT, by mid-2015.

National Australia Bank to Sell Great Western Stake in IPO

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National Australia Bank plans to exit its U.S. banking business as it focuses on its home markets, initially selling a minority stake in Great Western Bank via an initial public offering.

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