Malaysia Set to Implement Consumption Tax

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Malaysia's government is on track to introduce a long-delayed consumption tax of 6% in April 2015, Dato' Sri Abdul Wahid Omar, minister in charge of economic planning, said Monday.

Samsung Makes Restructuring Move

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In the latest restructuring move among Samsung Group companies, the shipbuilding and engineering businesses of South Korea's largest conglomerate said they will merge.

OSI Turns Over Plant's Management in China

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OSI will let an arm of U.S.-based Golden State Foods manage a China plant, as OSI attempts to rebound from accusations that it sold past-due meat.

Alibaba Plans IPO Launch Week

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Chinese e-commerce company Alibaba plans to launch its U.S. initial public offering, which could raise more than $20 billion, early in the week of Sept. 8.

Apple's New Whiz Kids

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Apple and Google are providing scholarships and developers kits to software coders as young as 13 years old, looking to land whiz kids interested in writing apps for their smartphones and tablet computers.

Nike Keeps NBA Star Durant

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Nike has resigned Kevin Durant, NBA's reigning most valuable player, to a shoe contract potentially worth $350 million, fending off rival Under Armour.

Novartis Heart Drug Beats Rival

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A heart drug developed by Novartis reduced cardiovascular deaths by 20% when compared with a rival treatment.

Consumer Confidence Rose in August

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Survey data suggest a strong jobs report for the month.

IRS Phone Scams Remain a Threat

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Officials say the actual IRS will never make first contact by phone.

Financial Beliefs You Might Not Like

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Jonathan Clements shares 13 personal convictions on investing.

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