EasyJet Set to Order GE-Safran Engines

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Europe's second-largest discount carrier is poised to order engines from a General Electric Co. and Safran SA partnership to power 100 Airbus Group NV A320neo single-aisle planes, said two people familiar with the talks.

China's Newest Foe: iPhone

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China's state broadcaster called a location-tracking function of Apple's iPhone a "national security concern," in the latest sign of a backlash against U.S. firms.

Improving Training for Helicopter Pilots

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The helicopter industry is experiencing a flight-simulator boom, which is seen improving safety and dramatically enhancing business for companies that provide the training devices.

Putin Ally Joins Pirelli's Board

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Pirelli, one of the world's biggest tire makers, said it appointed Rosneft Chairman Igor Sechin to its board.

Alibaba Sets Latest Value at $130 Billion

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Chinese e-commerce company Alibaba Group Holding values itself at $130 billion ahead of its IPO, up from $117 billion in late June, according to a securities filing.

U.S. Slaps Tariffs on Korean Steel

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The U.S. on Friday moved to impose punitive tariffs on South Korean steelmakers, saying they sold steel pipe used in the oil and gas industry at artificially low prices.

Falcone's Harbinger Sues the U.S. Over LightSquared

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Philip Falcone's Harbinger Capital Partners is suing the federal government for allegedly reneging on a contract regarding wireless venture LightSquared.

The Five Worst Investments for Individuals

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Financial experts point to complex products such as "liquid alternative" mutual funds and nontraded real-estate investment trusts that have numerous risks and high fees.

U.S. Tobacco Firms Confirm Merger Talks

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Reynolds American is in talks to buy smaller rival Lorillard, both companies confirmed, in a multibillion-dollar deal that would reshape the U.S. tobacco industry and create a more-powerful No. 2 to industry leader Altria.

Investor Group Says Crumbs to Seek Sale in Chapter 11

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Days after abruptly closing its dozens of cupcake stores, Crumbs Bake Shop Inc. filed for Chapter 11 protection Friday evening with plans to sell itself to an investor group.

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