BAT Agrees to Pay $49 Billion for Full Control of Reynolds

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British American Tobacco and Reynolds American said they had agreed to a sweetened offer of $49.4 billion from BAT for the 57.8% of Reynolds that it doesn’t already own.

The New Conventional Wisdom on Emerging-Market Bonds

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Most emerging-market bonds have recovered quickly from their Trump-trade beating, but swaths of debt are expected to mature this year.

In Snap IPO, New Investors to Get Zero Votes While Founders Keep Control

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Snapchat messaging app creators Evan Spiegel and Bobby Murphy are expected to retain more than 70% of voting power in the company; pre-IPO investors get less-powerful voting shares.

Wal-Mart Touts Plans to Create 10,000 U.S. Jobs in Nod to Trump

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America’s largest retailer said it plans to create about 10,000 U.S. jobs this year, touting job growth in the country ahead of Donald Trump’s inauguration.

Prosecutors' Pursuit of Heir Threatens Samsung's Stability

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Prosecutors’ decision to seek the arrest of Samsung Group heir Lee Jae-yong threatens to knock one of the world’s biggest companies off course—and, represents a significant challenge to South Korea’s large, family-run companies.

Hyundai Plans to Invest $3.1 Billion in U.S. Plants

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The South Korean auto maker said it would spend up to $3.1 billion over five years on research and development and was considering a new plant in the U.S.

Pulling Retirement Cash, but Not by Choice

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Baby boomers’ mandatory withdrawals from 401(k)s, IRAs and other tax-deferred retirement accounts start in full force this year. The obligatory outflows are expected to ripple through the U.S. economy, the stock market and a money-management industry.

The Structural Benefits of Samsung's Scandal

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Though the world’s biggest smartphone maker is caught in a political firestorm, investors are right not to run for shelter.

Lenovo Thought It Knew How to Fix Brands---Then It Bought Motorola

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Success with a deal for IBM personal computers led China’s Lenovo to underestimate the difficulty of reviving smartphone company Motorola Mobility. “We underestimated the differences of the culture and the business model,” says the CEO.

Rolls-Royce to Pay More Than $800 Million to Settle Corruption Probe

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Rolls-Royce Holdings said it had settled a longstanding corruption probe with U.S., British and other authorities at a cost of more than $800 million.

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