US Business News

NXP, Freescale Agree to Merger

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NXP Semiconductors and Freescale Semiconductor have agreed to merge in a deal that values Freescale at $11.8 billion and would create a combined company with a market value of more than $30 billion.

Sony Mobile Unit Seeks Profit, Innovation

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Sony’s struggling mobile unit can’t be justified at a low profit margin and won’t tie itself to smartphones or even hardware, its new president says.

Is Facebook a Friend or Foe for Telecom?

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Telecom firms trying to connect billions more people to the Web aren’t sure if Facebook is their friend or foe. Tensions between the phone and Internet industries will be on display at the Mobile World Congress in Barcelona.

Google Envoy Urged European Telecoms to Work With Tech Firms

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At a private meeting with top European telecommunications firms in December, a Google Inc. envoy made a surprising pitch: let’s bury the hatchet.

Lumber Liquidators Says Floors 'Completely Safe'

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Lumber Liquidators countered accusations raised on “60 Minutes” Sunday that the company sold laminate flooring that didn’t meet safety standards, saying the attacks were driven by short sellers.

PayPal to Buy Mobile-Payments Firm Paydiant

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EBay’s PayPal unit is buying mobile wallet firm Paydiant as competition for in-store payments grows from rivals Apple and Google.

Microsoft Plays Waiting Game in Smartphone Race

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Microsoft has a new fix-it plan for the company’s smartphone business: Wait a little longer.

Rebekah Brooks Near Deal for News Corp Job

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Rebekah Brooks is close to finalizing a deal to return to News Corp, people familiar with the matter said.

BlackBerry Launches Cloud Version of Mobile Security Software

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BlackBerry announced a cloud version of its mobile security software, its latest move to win business from its traditional government and business customers.

Alibaba to Work With Taiwan on Ownership Rules

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Alibaba Group said it would work with Taiwanese officials after the Chinese e-commerce giant was told to withdraw from the market within six months for breaching investment rules.

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