Richemont to Merge Net-A-Porter With Yoox Group

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Richemont plans to combine its online fashion retailer Net-a-Porter with Italian Web-based clothing company Yoox a deal that will create an Internet shopping giant with revenue of more than $1.4 billion.

Philips Sells Lighting Business

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Investment fund GO Scale Capital plans to buy an 80.1% stake in Philips’ combined LED components and automotive lighting operation, in a deal that values the business at about $3.3 billion.

ANA Seeks Growth Beyond Japan

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ANA expects revenue from international passengers to soar over the next decade as the Japanese airline looks to profit from a government-fueled tourism boom.

China Food Giant Seeks U.S. Deals

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Chinese food company Cofco is on a determined shopping spree. In a few short years, Cofco has spent a couple billion dollars quietly buying up Australian cane fields, French vineyards and soybean pastures in Brazil. Now, Cofco is exploring deals in the U.S.

Huawei Profits Jump

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China’s Huawei Technologies’ net profit rose 33% last year, helped by strong revenue growth and foreign exchange gains.

Alibaba, BMG Sign Music Distribution Deal for China

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Alibaba Group Holding Ltd. has signed a digital music distribution deal in China with BMG, the music division of Germany’s Bertelsmann.

IBM to Invest $3 Billion in Sensor-Data Unit

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IBM plans to invest $3 billion over four years on a new business helping customers like the Weather Channel gather and analyze the flood of data from sensor-equipped devices and smartphones.

Kaisa Delays Release of Results

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Troubled Chinese property developer Kaisa delayed the release of its 2014 results to give auditors time to finish their work.

China to Delay Bank Technology Rules

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China has agreed to delay implementation of some bank technology rules that have sparked heavy lobbying from the U.S. government and technology companies due to protectionist concerns, a senior U.S. Treasury official said.

Rock Star Spearheads Investment in Ethiopia

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A number of high-profile investors are following in the footsteps of Bob Geldof, who raised money for Africa through his Live Aid concerts 30 years ago and now chairs a private-equity firm that invests in Ethiopia.

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