ChemChina Won't Rule Out Pumping Up Pirelli Offer

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The Chinese chemical company behind a bid to buy tire maker Pirelli—in a potential $7.7 billion deal—won’t rule out an improved offer, even as it suggested it had limited financial firepower to offer more.

Best Buy to Close Its Canadian Chain Future Shop

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Best Buy plans to shut down its Canadian chain Future Shop to focus attention on its namesake brand, a move that will cut about 1,500 jobs across the country.

Hudson News Owner to Buy World Duty Free

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Swiss airport retailer Dufry said it has agreed to buy Italy’s World Duty Free in a deal that values the latter at about $3.9 billion, including debt.

Facebook Woos Chinese Advertisers

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Facebook is waging a charm campaign to draw more business from Chinese companies, even though Chinese users can’t access its service.

Tycoon Li's Horizons Ventures Bets on Tech Startups

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Li Ka-shing’s venture-capital fund, run by his longtime companion Solina Chau, is accelerating investments from Israel to Silicon Valley.

Holcim Shareholder Opposes Lafarge Deal

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Eurocement Holding, the second-largest shareholder in cement company Holcim, plans to vote against the Swiss company’s union with Lafarge unless the financial terms of the deal are altered, according to a person familiar with situation.

Greece Gives Details on Port Sale

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Greece has told creditors it expects to raise at least $545 million from the privatization of the Piraeus port, according to Greek officials.

Aabar, Arabtec Consider More Investments in Egypt

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Abu Dhabi investment firm Aabar and U.A.E. construction company Arabtec are looking to step up their investments in Egypt, the chairman of both entities said, underscoring the deepening ties between the two countries.

How Wall Street Helps Tech Workers Cash In

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Financial firms are creating a murky market where the red-hot stocks of closely held technology companies trade largely out of sight of regulators, other investors and the companies themselves.

Chairman of Dubai's Drydocks World Resigns

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The chairman of Dubai’s shipyard arm Drydocks World has stepped down and has been replaced by an official from the emirate’s department of finance.

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