Roche Hit by Failure of Cancer Drug Trial

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Roche said a late-stage study of its breast cancer drug Kadcyla failed to yield superior results to an existing treatment, damaging the outlook for stronger sales in one of its key drug markets.

Samsung to Raise Dividend Payout

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Samsung said it intends to raise its annual dividend payout for this year by 30% to 50%, a move that will come as good news to shareholders who have been clamoring for higher returns.

Fosun Sweetens Club Med Bid

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Fosun and its partners yet again raised their offer for Club Méditerranée, highlighting the conglomerate’s determination to win a protracted takeover battle for the French resorts operator.

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.

Thai Union Nets a Prize Catch

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Thai Union Frozen Products, the world’s largest seafood company by sales and owner of Chicken of the Sea, has agreed to purchase Bumble Bee Seafoods from Lion Capital for $1.51 billion.

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