German Firms Go on U.S. Buying Spree

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German companies are on a buying spree—and the U.S. is their biggest target. The forces fueling the activity include record-low interest rates and stagnation in Europe, economic growth and declining energy prices in the U.S., and expanding cash hoards at thriving German companies.

Jack Ma Is Richest Person in China

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Alibaba founder Jack Ma jumped to the top of an annual survey of the richest people in China, leading a group of technology executives benefiting from investor bets on a digital Chinese future.

Pakistan Plans Stake Sale in Oil & Gas Development

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Pakistan plans to raise up to $816 million from selling a stake in state-owned Oil & Gas Development Co. Ltd., in the country's biggest share sale in eight years.

EU Tells Google to Offer More or Face Charges

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Google must improve its proposal to settle European Union concerns over its search practices or face formal antitrust charges, the EU's competition chief Joaquin Almunia said.

How Startups View Alibaba as an Active Investor

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Alibaba Group Holdings Ltd. is more than an enormous e-commerce conglomerate that just held history's biggest IPO. It's also an increasingly active investor in startups with the ability to influence its portfolio companies' business models and strategies, entrepreneurs say.

Jimmy Choo Plans London Listing

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Luxury shoe brand Jimmy Choo plans to list shares on the London Stock Exchange in October.

Facebook to Launch New Ad Platform

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Facebook next week will unveil a new advertising platform designed to improve how marketers target and measure the advertisements they buy across the Web.

Philips to Split Operations

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Philips said it would split into two new companies and prepare its lighting business for a stand-alone future, marking a new phase in the overhaul of the Dutch conglomerate.

U.S. Steel CEO Takes on Heavy Load

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One year into leading U.S. Steel, Mario Longhi says "everything is on the table" as he tries to bring the company back from five years of losses.

Apple Sells Over 10 Million New iPhones in First Weekend

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Apple Inc. said it sold more than 10 million of its latest iPhones in its first weekend of availability amid significant supply shortages and demand for scalped iPhones in Asia.

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