Strong Dollar Squeezes U.S. Firms

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The stronger dollar is slicing sales and profits at big American companies, prompting them to put renewed emphasis on cost cutting and cramping the broader U.S. economy.

Anglo Warns of Commodity-Price Hit

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Anglo American is set to incur noncash impairment charges when it reports its full-year results next month, reflecting the toll the slump in commodity prices is taking on the global mining industry.

Apple Delivers Quarter for the Ages

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Apple surpassed even the most bullish Wall Street expectations for its holiday quarter with an improbable trifecta: selling 46% more iPhones at higher prices—and earning more on each sale.

Roche Sees Profit, Sales Increasing

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Roche posted a 16% drop in annual profit as the Swiss drug maker booked large impairments and restructured its debt, but the company expects sales and profit to increase this year.

Qatar Set to Gain Control of Canary Wharf

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Qatar’s sovereign wealth fund and Canadian investors Brookfield Property Partners are set to gain control of London’s Canary Wharf business district in a deal worth £2.6 billion ($3.94 billion).

STMicro Warns of Slack Sales

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STMicroelectronics, Europe’s largest semiconductor maker, expects weaker demand for its chips early this year as it swung into the black in the fourth quarter, with lower costs offsetting a decline in revenue.

OZ Minerals Mulls Asset Sales

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OZ Minerals launched a review that will consider the possible sale of one of Australia’s biggest copper mines, as the company’s new chief executive grapples with prices of the commodity tumbling to a 5½ year low.

China Aims to Prop Up Its Chip Makers

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As China tries to forestall foreign governments from tapping its phones, the country is investing growing amounts of money into domestic chip makers and tasking them with developing processors for “safe phones.”

Debt That Once Boosted Its Cities Now Burdens China

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Rampant borrowing by firms like Wuhan Urban, a local-government concern that funds development in dusty Wuhan city, is a big reason China’s debt load is expanding.

Hard Choices on Easy Money Lie Ahead for Fed Chief

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Janet Yellen’s job is about to get harder after a relatively easy first year as Federal Reserve chairwoman, as she looks to move past the preset course of winding down a bond-buying program and begin raising interest rates.

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