Samsung Pegs Rebound on Mobile Chips

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Samsung offered signs that the worst was likely over for its mobile division, as the company turns to mobile chips and cheaper handsets to spur a recovery in profit.

China Raps Alibaba for Fakes

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The Chinese government accused e-commerce giant Alibaba of failing to crack down on the sale of fake goods, bribery and other illegal activity on its sites in a rare public dispute with one of the country’s most prominent companies.

Shell Posts Rise in Profit

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Royal Dutch Shell reported a rise in fourth-quarter profit, showing how it is resisting slumping oil prices, which have fallen more than 50% since the middle of last year.

Diageo Profit Drops

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Diageo has turned in an 18% decline in first-half profit with a drop in revenue in North America weighing on the U.K. drinks group’s performance.

Givaudan Earnings Rise On Sweet Emerging-Market Growth

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Givaudan reported a 15% rise in full-year earnings and forecast more revenue growth this year underpinned by sales in emerging markets where the world’s largest fragrance and flavor maker has continued to expand.

Toshiba to Pull Out of North America TV Sales

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Toshiba Corp. said Thursday that it would stop making and selling TVs for the North American market amid stiff price competition.

LG Electronics Reports Unexpected Loss

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LG attributes the weak performance to its TV business, which ended operations in November.

Fortescue Forges Ahead as Iron Ore Falls

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Fortescue won’t curb its production of iron ore despite a sharp tumble in prices, saying it continues to sell its raw materials to China’s steelmakers for a profit.

Nokia Notches Up Better-Than-Expected Profit

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Finland’s Nokia Corp. has reported better-than-expected fourth-quarter net profit helped by robust sales of latest-generation wireless telecom equipment in North America.

Hon Hai Units' Merger Hurdle

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Hon Hai’s effort to expand beyond contract manufacturing has hit a hurdle after Taiwan regulators asked that a merger proposal for its two telecom units be resubmitted.

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