PayPal to Buy Mobile-Payments Firm Paydiant

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EBay’s PayPal unit is buying mobile wallet firm Paydiant as competition for in-store payments grows from rivals Apple and Google.

U.S. Oil Prices Fall

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U.S. oil prices fell Monday after a widely watched forecaster said crude supplies in a key storage hub grew by a smaller-than-expected amount last week.

Foreign Banks Brace for Fed Stress Tests

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The Federal Reserve’s growing scrutiny of global banks has set off a scramble among foreign firms as they staff up and revamp operations to meet the central bank’s rising expectations.

NXP, Freescale Agree to Merger

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NXP Semiconductors and Freescale Semiconductor have agreed to merge in a deal that values Freescale at $11.8 billion and would create a combined company with a market value of more than $30 billion.

Alibaba to Work With Taiwan on Ownership Rules

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Alibaba Group said it would work with Taiwanese officials after the Chinese e-commerce giant was told to withdraw from the market within six months for breaching investment rules.

Bolloré Group Raises Stake in Vivendi to 8.2% from 5.2%

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French conglomerate Bolloré Monday said it raised its stake in Vivendi SA, tightening investor Vincent Bolloré’s grip on the French media group.

Sony Mobile Unit Seeks Profit, Innovation

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Sony’s struggling mobile unit can’t be justified at a low profit margin and won’t tie itself to smartphones or even hardware, its new president says.

Is Facebook a Friend or Foe for Telecom?

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Telecom firms trying to connect billions more people to the Web aren’t sure if Facebook is their friend or foe. Tensions between the phone and Internet industries will be on display at the Mobile World Congress in Barcelona.

Google Envoy Urged European Telecoms to Work With Tech Firms

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At a private meeting with top European telecommunications firms in December, a Google Inc. envoy made a surprising pitch: let’s bury the hatchet.

Morgan Stanley Expects Suit From NY AG Over Mortgage Bonds

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Morgan Stanley said the New York Attorney General’s Office plans to sue the firm alleging it had misled investors in bonds tied to subprime mortgages.

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