NXP Semiconductor Bets $12 Billion on Smarter Cars

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NXP Semiconductor stepped on the gas in the race to supply chips to make smarter cars by agreeing to buy Freescale Semiconductor for nearly $12 billion.

Luxottica Reports Profit but Looks for Areas of Growth

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Italian eyewear company Luxottica said Monday its future growth will be fueled by a stronger retail network and by increasing sales of luxury goods in Asia and North America.

Google Confirms Wireless Service Plans

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Google plans to launch a small-scale U.S. wireless service.

Zuckerberg Moves to Mend Fences With Telecom Industry

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Facing criticism from telecom carriers, Facebook’s Mark Zuckerberg struck a conciliatory tone.

Microsoft Plays Waiting Game in Smartphone Race

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Microsoft has a new fix-it plan for the company’s smartphone business: Wait a little longer.

H-P to Buy Aruba Networks for $2.7 Billion

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Hewlett-Packard agreed to buy Aruba Networks for about $2.7 billion in an all-cash deal aimed at bolstering the tech company’s wireless networking operations.

Sony Mobile Unit Seeks Profit, Innovation

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Sony’s struggling mobile unit can’t be justified at a low profit margin and won’t tie itself to smartphones or even hardware, its new president says.

Target Revamps Groceries for Millennials

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Target has zeroed in on seven grocery categories—from granola and yogurt to candy and snacks—where it thinks it has the best chance of standing out to urban dwellers, younger families and Hispanics.

Finally: Sunlight in the Office Cubicle

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It is hard to top the sun as a light source for houses and office buildings. Several companies, including 3M and Alcoa, are introducing new products that promise to enhance natural lighting.

Fake Orders Raise Scrutiny on Alibaba

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Some merchants are using fake orders to boost their standing on Alibaba’s websites, a practice that puts the Chinese e-commerce giant at risk of further regulatory scrutiny.

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