Lockheed Martin Forms Tech Unit in Israel

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Lockheed Martin, the world's largest defense contractor by sales, has formed a technology-focused Israeli subsidiary as it seeks to win new defense contracts in the country, a company executive said.

Boeing Takes Lead to Build Space Taxi

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Boeing appears positioned to beat out SpaceX for the bulk of a multibillion-dollar NASA contract to ferry astronauts to and from orbit.

Sears Borrows $400 Million From CEO's Hedge Fund

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Sears is borrowing $400 million from CEO Edward Lampert's hedge fund, giving the retailer an infusion for the holidays after it burned through cash over the summer.

Alibaba Bets Pay Off for Select Firms

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The initial public offering of Alibaba Group will be a windfall for a group of previously undisclosed investors who snapped up preferred shares in the e-commerce company that were sold in the run-up to its debut.

AB InBev Explores Financing for an SABMiller Deal

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AB InBev is talking to banks about financing a potential megadeal, perhaps reaching £75 billion ($122 billion), to buy global beer rival SABMiller, according to a person familiar with the matter.

German Auto Parts Maker to Buy U.S. Rival TRW for $11.7 Billion

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ZF Friedrichshafen agreed to buy TRW Automotive for about $11.7 billion, creating the world's second-largest automotive supplier by sales.

U.K. Companies Donate Little Ahead of Scottish Vote

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As the climax of Scotland's independence referendum draws near, more big companies are speaking out against splitting up the U.K. Few, though, are putting their money where their mouth is.

Gilead to Allow Cheaper Hepatitis C Drug

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Gilead Sciences said it will allow generic drug makers to make cheaper versions of Sovaldi, its $1,000-a-day hepatitis C pill, to sell in developing countries.

Death Count Raised to 19 in GM Ignition-Switch Defect

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General Motors faulty ignition-switch death toll now stands at 19, above the auto maker's earlier estimate, and may go higher, its hired compensation expert, Kenneth Feinberg, said in his first public update.

Alibaba to Raise IPO Price Range

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Alibaba Group, which is in the middle of marketing what could be the world's largest IPO, is likely to raise the deal's price range due to strong demand.

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