Commerce Secretary Nominee Wilbur Ross Takes on China in Hearing

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Wilbur Ross, the billionaire investor tapped by President-elect Donald Trump to serve as his commerce secretary, on Wednesday took the incoming administration’s tough-on-China trade talk to Capitol Hill.

Netflix Posts Strong Subscriber Growth

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Netflix Inc.’s strong subscriber growth in the latest quarter helped the streaming-video giant cap its best year in subscriber additions with 19 million new members.

Court Denies Arrest Warrant for Samsung Heir Lee Jae-yong

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A South Korean court denied an arrest warrant for Lee Jae-yong, the scion of the Samsung conglomerate, for his alleged involvement in a national corruption scandal.

Yellen Says Nonpartisan Fed Will Focus on the Economy

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Federal Reserve Chairwoman Janet Yellen defended the central bank’s mission as a nonpartisan institution devoted to fostering a healthy economy free from short-term political pressures.

Mallinckrodt Settles Antitrust Allegations on Unlawful Drug Monopoly

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Irish drugmaker Mallinckrodt and a U.S. subsidiary will pay $100 million and agree to other conditions to settle government antitrust allegations they unlawfully prevented competition for Acthar, a drug that has seen enormous price spikes in recent years.

U.S. Sues Oracle, Alleging Salary and Hiring Discrimination

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The Labor Department sued Oracle, alleging the technology company routinely pays its white male workers more than their counterparts in the same positions.

Bertelsmann Primed as Pearson Puts Penguin Random House on Block

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German media company Bertelsmann has long wanted to own all of giant book-publishing joint venture Penguin Random House, and the woes of partner Pearson now give it a chance.

Trump vs. CEOs vs. Shareholders

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President-elect Donald Trump’s tweets could force money-losing business decisions, which executives will struggle to explain to investors.

Overhead Bins Not Included: More Airlines Launch No-Frills Fares

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American Air and United are set to join Delta in offering cheaper economy-cabin fares in a bid to compete with discount carriers.

IBM: Paying Now for Work in Progress

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IBM’s stock has risen sharply in the past year, raising the stakes for a continuing transition.

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