IBM to Invest $3 Billion in 'IoT' Push

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IBM plans to invest $3 billion over four years on a new business helping customers like the Weather Channel gather and analyze the flood of data from sensor-equipped devices and smartphones.

MillerCoors Caught in a Downdraft

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Profit margins at MillerCoors are under pressure and rival craft beers are cutting into sales. On top of it, the company needs to find a new CEO.

Transforming Banking for the Poor

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Financing the Future: A Q&A with economist Jonathan Morduch, who has co-authored two books on microfinance as a tool against global poverty.

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.

Comcast Creates Investment Company

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Comcast said Chief Financial Officer Michael J. Angelakis will leave his post to lead a new investment company funded by the cable and media giant.

Harman Buys Luxury-Car Stereo Business

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Harman International Inc., 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 automotive industry

Samsung, LG End Legal Disputes

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Samsung and LG said they would end all existing legal disputes, bringing a measure of peace to two of South Korea’s best-known conglomerates.

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.

Movado Warns of Slow Growth, Currency Headwinds

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Movado Group Inc. said its earnings rose 40% in the holiday quarter due to lower taxes, and posted an upbeat profit guidance for the year, but warned of slow retail growth in the watch industry.

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.

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