Harman Buys Luxury-Car Stereo Business

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Harman International, 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 branded car sound-system business.

Ally Financial To Stay In Detroit

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Ally Financial will remain a mainstay of Detroit after the company announced plans Tuesday to move to a new office building in the downtown area.

GoDaddy Out to Lose Bad-Boy Image

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Customers recognize GoDaddy from ads with Danica Patrick and others but the web-hosting firm now hopes an IPO will help its transition to serious small business Web partner.

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.

Philips Sells Lighting Business

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Dutch electronics group Philips has sold a majority stake in its light-emitting diode components and automotive-lighting activities to a private-equity consortium in a cash deal that values the business at about $3.3 billion.

Richemont to Merge Net-a-Porter With Yoox Group

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Richemont plans to combine its online fashion retailer Net-a-Porter with Italian Web-based clothing company Yoox in an all-stock deal that will create an e-commerce company with revenue of more than $1.4 billion.

Uber Wins French Court Reprieve

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A French court declined to ban Uber Technologies Inc.’s lowest cost services, kicking the case to a higher court and winning the car-hailing service a reprieve in one of its biggest European markets.

Charter to Buy Bright House Networks

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Charter Communications agreed to buy Bright House Networks for $10.4 billion in cash and stock, the latest deal in a rapidly consolidating pay-television industry.

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.

CBRE to Buy Johnson Control Unit for $1.48 Billion

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Real-estate services company CBRE Group Inc. has agreed to buy Johnson Controls’ workplace solutions business for $1.48 billion in cash, expanding CBRE’s on-site staffing and management services for commercial buildings.

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