IBM to Invest $3 Billion in 'IoT' Push

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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.

MillerCoors Caught in a Downdraft

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Profit margins at MillerCoors are under pressure and rival craft beers are cutting into sales. On top of it, the company needs to find a new CEO.

Valuation Rises for Chinese Taxi-Hailing App

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U.S. hedge funds are jumping onboard China’s dominant taxi-hailing app company, putting an $8.75 billion valuation on the Chinese startup.

Comcast Creates Investment Company

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Comcast said Chief Financial Officer Michael J. Angelakis will leave his post to lead a new investment company funded by the cable and media giant.

Harman Buys Luxury-Car Stereo Business

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Harman International Inc., a maker of in-car multimedia systems, is buying the automotive side of Bang & Olufsen, giving the Stamford, Conn., company a dominant position in the automotive industry

Samsung, LG End Legal Disputes

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Samsung and LG said they would end all existing legal disputes, bringing a measure of peace to two of South Korea’s best-known conglomerates.

Google Pressures AT&T's Broadband Prices

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AT&T brought its high-speed broadband service to Google’s backyard Monday, but at a higher price than in places where it competes with the Internet company’s broadband service.

Huawei Profit Jumps

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Huawei’s 2014 net profit rose 33% on higher revenue, as the company cited its better management of foreign-exchange risks and borrowing costs.

Movado Warns of Slow Growth, Currency Headwinds

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Movado Group Inc. said its earnings rose 40% in the holiday quarter due to lower taxes, and posted an upbeat profit guidance for the year, but warned of slow retail growth in the watch industry.

CBRE to Buy Johnson Control Unit for $1.48 Billion

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CBRE Group Inc. has agreed to buy Johnson Controls Inc.’s global workplace solutions business for $1.48 billion in cash, as the commercial real-estate firm looks to capitalize on the trend of corporations outsourcing real estate services.

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