France's Atos to Buy Xerox IT Unit

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Computer-services company Atos SA will buy Xerox’s information technology outsourcing business for $1.05 billion in cash, a deal that would bolster the French company’s position in the U.S.

BASF, Gazprom Call Off Asset Swap

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Germany’s BASF SE, the world’s largest chemical company by revenue, and Russia’s OAO Gazprom have called off an asset-swap deal amid mounting political tensions between Russia and the West, BASF said.

Thomas Kwok Found Guilty Of Corruption

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A jury in Hong Kong found Thomas Kwok, the co-chairman of one of Hong Kong’s biggest property developers, guilty in a corruption trial involving the city’s former No. 2 official, but found his brother, Raymond, not guilty.

British American Tobacco Settles Flintkote Litigation

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British American Tobacco has agreed to settle a long-running dispute over dividend payments and asbestos claims with Flintkote for $575 million.

German Consumer Sentiment to Hit Eight-Year High

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German consumer confidence is set to start the new year on a strong note, hitting its highest level in eight years, a sentiment survey showed.

Luxembourg to Share Details of Corporate Tax Deals

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Luxembourg agreed to share with the European Commission information on tax deals secured by multinational companies with operations in the small nation.

Binder & Binder Files for Chapter 11

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Binder & Binder, one of the nation’s largest Social Security disability firms, filed for bankruptcy protection amid shrinking demand for its services as government scrutiny of disability claims tightens.

How a Memo Cost Big Banks $37 Billion

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A government lawyer’s discovery of a warning to J.P. Morgan officials about shaky mortgages jump-started the Justice Department’s probe of financial-crisis wrongdoing.

Arizona State Completes Deal for Troubled Business School

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Arizona State University has completed its deal to take over the Thunderbird School of Global Management, the last chapter in what has been a yearslong saga for the troubled Glendale, Ariz., business school.

Can Wal-Mart Clerks Ship as Fast as Amazon Robots?

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Retailers’ answer to the threat of Amazon.com is something called ‘omnichannel’—an attempt to use one set of inventory and assets to fill all orders. Wal-Mart, Macy’s and Target are relying on the approach more heavily than ever this holiday season.

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