Google Defends U.K. Tax Settlement Before Lawmakers

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Executives for Alphabet Inc.’s Google business defended their settlement with the U.K.’s tax authority before a panel of British lawmakers Thursday, trying to stanch criticism of a deal that critics say let the search giant off too lightly.

PepsiCo Profit Rises 31%

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PepsiCo said its profit in the final quarter of the year soared 31%, handily beating Wall Street expectations, as it excluded results from its Venezuelan business.

Investors Pull $300 Million From Asia Fund

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Investors pulled nearly $300 million out of an Asian stock fund last month, extending a dramatic exodus from a fund that was for years the biggest of its kind in Asia.

KKR & Co. Swings to Fourth-Quarter Profit

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KKR & Co. swung to a fourth-quarter profit as private-equity holdings rose in value, but a measure of core earnings missed Wall Street’s forecasts.

Pernod Ricard to Reorganize North American Business

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Pernod Ricard said it will reorganize its North American business to focus on its core U.S. market, where demand for its Jameson whiskey brand is growing while sales of Absolut vodka remain in a slump.

Qualcomm Announces First Gigabit Cellular Chip

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Qualcomm Inc. on Thursday plans to announce a cellular chip that can transmit a billion bits of data a second, hoping to bring mobile users speed comparable to today’s most advanced wired services.

Yen Surges Again as Investors Rush to Safe-Haven Assets

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The yen rose sharply Thursday, compounding its recent gains as investors poured into the asset widely seen as a safe haven amid continued turmoil in global financial markets.

Time Inc. Reports Profit Decline but Gives Optimistic Sales Guidance

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Time Inc. said profit dropped in its latest quarter as the world’s largest magazine publisher continues to invest in its transformation and beef up its digital platforms.

Twitter Woes Mount as Growth Stalls

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Twitter for the first time failed to show any user growth in an earnings report, pushing its shares to new lows and fueling investor anxiety that the company doesn’t have a turnaround plan.

U.S. Treasury's Lew Challenges EU on Corporate Tax Investigations

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The U.S. stepped up a spat with European officials over their investigations of U.S. companies’ tax practices, warning in a letter from the Treasury secretary that they are creating a “disturbing” precedent.

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