Weaker Yen Boosts Canon Profit

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Canon said its net profit rose 6% in the October to December period as a weaker yen enhanced the value of its overseas earnings, outweighing falling demand for digital cameras.

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.

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.

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.”

A New Set of Eyes on P&G's Beauty Business

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David Taylor, who has emerged as the top contender for the CEO job at Procter & Gamble, made his mark in part by overseeing big divestitures. Now he is tasked with fixing the beauty division.

Don't Spend Old Age Pinching Pennies

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Jonathan Clements suggests four strategies for those who are close to retirement.

States That Tax Social Security Benefits

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Minnesota is among 13 states that slap some kind of tax on Social Security income. Some of those states, among them Connecticut and Montana, have separate calculations and/or income limits to determine taxable benefits.

IRS Giveaway: Tax-Filing Software

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About 70% of all taxpayers are eligible for free federal income-tax-preparation and electronic-filing software through a program known as ‘Free File.’

Trusts That Can Trim State Income Tax

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Weekend Investor: So-called incomplete nongrantor trusts are attracting some investors in high-tax states. One such state has already cracked down on their use.

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