NetJets Launches Limited China Service

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NetJets Inc., a unit of Warren Buffett's Berkshire Hathaway Inc., has secured permission from Chinese regulators to operate private-jet flights within China.

Tesco's New CFO to Join Early

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Tesco said its new chief financial officer will start work several months ahead of schedule as the U.K. retailer begins an investigation into a $410 million misstatement in its accounts.

Facebook to Launch New Ad Platform

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Facebook next week will unveil a new advertising platform designed to improve how marketers target and measure the advertisements they buy across the Web.

Stream of Lehman-Claim Payouts Is Drying Up

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The smooth ride for hedge funds holding claims tied to Lehman Brothers Holding hit a speed bump last month, when a court ruling resulted in some of the first losses for the funds due to Lehman.

Squatters Welcome Blackstone's Spanish Property Play

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Blackstone has purchased 40,000 mortgages in the Barcelona area, but the company may find making money out of depressed Spanish real estate is a tough challenge.

New Smartphone Encryption Alarms Law Enforcement

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Moves by Apple and Google to put some smartphone data out of the reach of police and the courts are raising alarms inside U.S. law-enforcement agencies.

FTC Considers Challenge to Food Merger

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The FTC is considering a possible antitrust suit to block the merger of Sysco and US Foods, concerned that combining the nation's two biggest food-service suppliers could threaten competition, according to people familiar with the matter.

German Firms Go on U.S. Buying Spree

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German companies are on a buying spree—and the U.S. is their biggest target.

U.S. Steel CEO Takes on Heavy Load

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One year into leading U.S. Steel, Mario Longhi says "everything is on the table" as he tries to bring the company back from five years of losses.

SEC to Pay $30 Million to Whistleblower

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The Securities and Exchange Commission said it expects to pay more than $30 million in an award under its whistleblower program, more than double the agency's previous high for a payout under the plan.

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