China's Gray Market Worries Auto Makers

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China is encouraging gray-market luxury-car sales, posing a challenge for Audi, BMW, Mercedes-Benz and others trying to hold on to profit margins considered some of the best in the world.

Prologis to Buy KTR for $5.9 Billion

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Prologis, a big owner of warehouses and retail-distribution centers, has agreed to buy industrial-property owner KTR Capital Partners for $5.9 billion, in one of the largest real-estate deals so far this year.

GM China Venture to Develop New Products

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A General Motors’ joint venture in China said it plans to spend 100 billion yuan, or $16 billion, in new-car development in the 2016 to 2020 period to cater to Chinese tastes.

VW Investors Seek to Calm Feud

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Key Volkswagen shareholders sought to cool down the debate about the company’s supervisory board and chief executive after a spat over its leadership unsettled Europe’s largest car maker.

Comcast, Time Warner Cable to Meet With DOJ Over Merger

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Comcast and Time Warner Cable are preparing to meet with officials from the Department of Justice to address concerns that the merger of the two cable giants will hurt competition.

Target Site, Apps Overwhelmed by Demand for Lilly Pulitzer

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Target’s website went down Sunday morning, overwhelmed by shoppers clamoring for the retailer’s latest design partnership with Lilly Pulitzer.

Merck Drug Shows Improved Odds for Melanoma Patients

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Merck’s new cancer drug Keytruda improved the survival odds of patients with the skin cancer melanoma compared with Bristol-Myers Squibb’s Yervoy, in the first head-to-head study of a new wave of drugs that harness the body’s immune system to destroy tumors

Ford Unveils New Taurus for China

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Ford Motor unveiled a new Taurus sedan aimed at affluent Chinese customers, in an effort to stand out in a slowing and increasingly competitive market.

Peugeot, Dongfeng Announce Small-Car Platform

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French car maker PSA Peugeot Citroën and its Chinese partner Dongfeng Group said they would invest $216.1 million to develop a new platform for both companies’ next generation of small cars.

Stock Markets Lose Their Footing

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Stock markets in the U.S., Europe and China are slammed by renewed fears of Greek exit from eurozone and weak corporate earnings.

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