Fed Sees All Banks in Stress Test Adequately Capitalized

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The largest U.S. banks are strong enough to keep lending during a severe recession, the Federal Reserve said Thursday, a sign that many banks will soon get permission to return profits to investors by raising dividends or buying back shares.

EU Court Rules E-Books Are Services, Not Goods

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Electronic books cannot share the same reduced rate of value-added tax as paper books, the top EU court ruled, because e-books are ‘electronically supplied services,’ not goods.

Ports Gridlock Alters Supply Chain

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The labor dispute that caused months of gridlock at West Coast ports may be over, but the disruption is expected to redraw the trade routes goods follow as they journey to U.S. factories and store shelves.

Adidas Loss Widens

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Adidas reported a significantly wider fourth-quarter loss, capping a tough year for the embattled German sportswear group.

Google Snubs Robotics Rivals

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Google is the hottest company in the robotics business, but it wants no part of a Pentagon-backed robot-building contest. Its decision to drop out of the competition has irked some robotics experts.

Study Touts Self-Driving Cars

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Self-driving vehicles could reduce accidents in the U.S. by 90%, says consulting firm McKinsey & Co., saving lives and eliminating $190 billion in damages and health-care costs a year.

AbbVie in $21 Billion Biotech Deal

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AbbVie said it will buy cancer biotech Pharmacyclics in a $21 billion deal that returns the Chicago drug company to deal-making after backing away from a big tax-lowering takeover last year.

Apple to Make Larger iPad in Second Half

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Apple suppliers have been told to start production of a larger-screen iPad in the second half of this year as the U.S. tech giant wrestles with new designs and features for the enterprise market.

Crafts Site Etsy Files for IPO

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Etsy unveiled plans to further test investors’ appetite for e-commerce companies, filing for an initial public offering a decade after it was founded in a Brooklyn, N.Y., apartment as a way to sell handmade goods online.

Silicon Valley Wage Settlement Gets Tentative Approval

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A judge in a court battle over alleged collusion on hiring among technology giants including Apple, Google, Intel and Adobe Systems gave preliminary approval to a $415 million settlement that will fund payouts to thousands of employees.

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