Xiaomi Expects Sales to Surge

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Xiaomi expects sales and smartphone shipments to each rise by more than 30% this year, its CEO said, as the Chinese smartphone maker looks to overseas markets to keep up its growth.

Apple to Make Larger iPad in Second Half

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Apple suppliers have been told to start production of a larger-screen iPad in the second half of this year as the U.S. tech giant wrestles with new designs and features for the enterprise market.

Bidding War Yields Rich Price for Biotech

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The multibillion-dollar sales potential of a cancer drug that Pharmacyclics chanced upon nine years ago prompted a three-way bidding war that culminated late Wednesday in AbbVie’s $21 billion deal to buy the biotech.

Daimler Invests in U.S. Van Factory

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Daimler will invest $500 million to build a Mercedes-Benz factory in South Carolina after state officials promised tens of millions of dollars in grants, property tax abatements and training support for the plant.

DuPont: Plant Outage to Hurt Unit in 1Q

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DuPont said that an unplanned outage at a chemical plant in Deepwater, N.J., will “challenge productivity and earnings” in its safety and protection segment in the first quarter

CBRE in Talks to Buy Johnson Controls Unit

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CBRE Group., the world’s largest commercial real-estate services company, is negotiating to buy the division of Johnson Controls Inc. that manages 1.8 billion square feet of corporate real estate globally.

Juan Carlos Echeverry to Be CEO of Ecopetrol

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Juan Carlos Echeverry, a former finance minister with close ties to the government, was chosen as chief executive of Ecopetrol, according to two people with knowledge of the board decision.

Google Snubs Robotics Rivals

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Google is the hottest company in the robotics business, but it wants no part of a Pentagon-backed robot-building contest. Its decision to drop out of the competition has irked some robotics experts.

Train Carrying Crude Derails in Illinois

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A BNSF Railway Co. train carrying crude oil derailed and began to burn Thursday afternoon near Galena, Ill., just over the state line from Wisconsin and 160 miles west of Chicago.

Canadian Crude Exports by Rail Drop in Latest Quarter

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Canada’s national energy regulator said Thursday exports of crude oil by rail dropped in the latest quarter, a sign that lower oil prices have made shipments by rail less attractive to some Canadian crude producers.

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