US Business News

Startup Investors Invoke Obscure Law to Open Up Books

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A Delaware corporate law, which can compel locally incorporated firms to open their books to shareholders, is a potentially valuable tool for thousands of tech workers and other small investors who now question their shares’ worth.

Airbus Tackles Its Procrastination Problem

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Airbus executives are trying to end what has become an unwanted annual rite: the plane maker’s scramble to hit its year-end jet-delivery promise.

Germany's Bayer Offers $62 Billion in Cash for Monsanto

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German pharmaceutical and chemicals giant Bayer said it made an all-cash offer to acquire Monsanto for $62 billion, valuing the U.S. company at a substantial premium in a deal that would create the world’s largest agrochemicals company.

Sony Expects Deeper Loss for Image-Sensor Business

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Sony says profits at its device unit will be hit by the impact of earthquakes in southern Japan, where its factory halted operations for several weeks.

U.S. Takeover Targets Wrest Fees, Guarantees From Chinese Suitors

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Many American companies are wary of Chinese acquirers, with some demanding that they put money in escrow accounts or provide letters of credit to guarantee deal financing or payment of breakup fees.

A Rare Look Inside China's Central Bank Shows Slackening Resolve to Revamp Yuan

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Minutes of closed-door meetings show how leaders lost interest in making the yuan’s value more market-based, ditching changes announced in August.

Facebook to Revamp 'Topics' to Reduce Bias Risk

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Facebook told a U.S. senator that an internal investigation had found “no evidence of systematic political bias” against conservatives in its trending topics tool, but that it will revamp how the feature works to minimize the potential effects of individual biases.

E-Sports Draw Mainstream Advertisers

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Videogaming’s rapid shift from a living-room hobby to a spectator sport is luring mainstream advertisers and intensifying competition between big game publishers and nimble upstarts.

Telecoms Work on Response to Messaging Apps

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Traditional texting is on the decline as consumers switch to messaging apps for texting and sharing of photos and videos. The global telecom industry is scrambling to come up with products and strategies to compete with popular apps such as Facebook’s WhatsApp and Apple’s iMessage.

Viacom CEO Files Suit to Block Changes to Redstone Trust

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Viacom CEO Philippe Dauman and a board member have filed a lawsuit challenging their dismissals from the trust overseeing Sumner Redstone’s $40 billion media empire.

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