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.

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.

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.

Boeing Sold Half of 777 Production

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Boeing Co. has sold half of the current-generation 777 jetliners it plans to build in 2017 though remains open to adjusting its production rate ahead of introducing a revamped version early next decade, a senior executive said Thursday.

Japan's Family Mart in Talks With UNY Group

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Japanese convenience-store operator Family Mart Co. is in talks with UNY Group over a possible merger, in a deal that would create the second-biggest convenience store chain in Japan by sales, people familiar with the matter said.

Auto Makers Gear Up to Take On Google and Apple

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The old-school auto makers are gearing up to take on the threat posed by emerging competitors Google and Apple in a technological and financial gunfight.

Carrefour Battles Tough Market

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French retailer Carrefour said that it continued to gain ground in its efforts to kick-start growth despite difficult business conditions in Europe as it reported an increase in full-year operating profit.

Chinese Solar Firm Hanergy Rallies

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Chinese solar-equipment maker Hanergy Thin Film Power Group Limited shares rallied 42%, briefly making founder Li Hejun richer, at least on paper, than Li Ka-shing or Mark Zuckerberg.

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.

Xiaomi Expects Sales to Surge

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Xiaomi expects sales and smartphone shipments to each rise by more than 30% this year, its CEO said, as the Chinese smartphone maker looks to overseas markets to keep up its growth.

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