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.

Five Ways to Get a Better Deal in Mediation

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Savvy participants can tilt the process in their favor when mediation is used in divorce, disputes with brokers and other conflicts.

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.

Indonesia Seeks Cash By Putting Up Its Own

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Indonesia’s president wants to pour billions of dollars into state-owned firms to encourage the private sector to invest in infrastructure. Investors have their doubts.

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.

U.S. Airlines Detail Claims of Subsidies to Persian Gulf Rivals

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The three largest U.S. airlines released details of a report they say demonstrate $40 billion in government subsidies and unfair advantages their three state-owned Persian Gulf rivals have allegedly received since 2004.

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.

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