Rolls-Royce to Pay Daimler $3.3 Billion for Stake in Joint Venture

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Rolls-Royce will pay Daimler $3.36 billion for the German auto maker's 50% interest in their joint venture, Rolls-Royce Power Systems.

GEA Sells Heat Exchanger Business Worth $1.8 Billion

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Shares in GEA Group AG jumped after the mechanical engineering company said it would sell its heat exchangers unit to Triton Advisers Ltd., exiting the business to increase focus on food processing equipment.

ASML's Profit Jumps

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Dutch semiconductor equipment maker ASML Holding said net profit for the first quarter of 2014 more than doubled, but cut its guidance for the second quarter on lower demand from some of its clients.

Metso Rejects Merger Approach From Weir

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Finland's Metso has rejected Scottish rival Weir's proposal to merge the two engineering companies, saying the deal isn't in the best interests of its shareholders and it remains confident of its prospects as a stand-alone company.

China Shipbuilder Says Property Developer Defaulted on Loan

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Shenzhen-listed Sainty Marine said a property developer in Nanjing has failed to repay a $16.9 million loan including interest.

Burberry Sees Currencies Weighing on Profit

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Luxury clothing company Burberry Group reported a rise in second-half sales, helped by online growth, but said it expects currency movements to hurt profit.

Alibaba Flexes Muscles Before IPO

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Despite challenges, a big surge in profits and revenue has put the Chinese e-commerce giant on track for a $15 billion stock sale, just shy of what Facebook sold when the social-networking firm went public in 2012.

In a Digital World, Lego Sticks to Its Bricks

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Lego CEO Jørgen Vig Knudstorp discusses the future of plastic bricks in a digital world.

Eni Chief Navigated 'Difficult' Terrain

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By proposing to remove the chief executive of Italian oil giant Eni, Italian Prime Minister Matteo Renzi is pushing aside one of Italy's most resilient and politically connected businessmen.

Danone's Sales Decline

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Danone reported a 5.2% drop in first-quarter sales, weighed down by unfavorable foreign-exchange movements in some key emerging markets and as the group's turnaround in the crucial Chinese market take time.

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