FCC Recommends Switch for Phone Number Portability Database

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The FCC dealt Neustar a setback, recommending that a telecommunications database contract it has held for two decades and accounts for about half of its revenue be transferred to a rival.

Alibaba Opens Silicon Valley Data Center

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Alibaba said it is opening a data center in Silicon Valley, the Chinese e-commerce company’s first in the U.S., as it expands its cloud-computing business outside China.

Foxconn Launches New E-Commerce Platform in China

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The world’s biggest contract electronics manufacturer, Foxconn, is making a move into e-commerce in China, aiming to go head-to-head with the likes of Alibaba and JD.com.

American Eagle Shows Strength Among Teens

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American Eagle reported its first quarter of year-over-year revenue growth in two years, boosted by a new line of one-size-fits-all clothes, while teen apparel rival Abercrombie & Fitch continued to struggle.

U.S. Refiners, Striking Workers Digging In for Protracted Battle

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U.S. refiners and striking union workers are digging in for a protracted battle that could last through the spring.

FDA Approves Bristol-Myers Drug for Lung Cancer

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U.S. regulators approved Bristol-Myers Squibb’s advanced lung cancer drug Opdivo, ithe latest of a string of events that has the oncology world riveted on efforts to enlist the body’s immune system to fight the disease.

Simon Property Makes Takeover Approaches to Macerich

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Simon Property Group Inc. has made takeover approaches for rival Macerich Co., seeking to combine two of the largest shopping-mall owners in the U.S.

Xstrata Ex-CEO Raises $5.6 Billion for Mining Deals

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The former Xstrata Chief Mick Davis has raised $5.6 billion for his fund, X2 Resources, and plans to start deploying cash in the next few months, according to people familiar with the fund’s plans.

European Stimulus Sparks Bond Blitz

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Investors snapped up a half-billion euros of French utility bonds that will pay them no interest, a groundbreaking deal that shows how corporations are rushing to take advantage of Europe’s efforts to keep interests rates low.

McDonald's to Curb Antibiotics in Chicken

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McDonald’s plans to curtail antibiotics use in its U.S. chicken, a move that could help kick-start a broader food-industry response to growing public-health alarm around drug-resistant bacteria.

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