Espírito Santo Debt Imperils Customers

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Thousands of customers whose investments in Espírito Santo commercial paper were wiped out were promised reimbursement by the conglomerate’s bailed-out banking unit. But the unit has backtracked on that vow.

Latest Oil Dilemma: Where to Put It

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As oil-storage tanks near capacity, some analysts predict the spillover will send crude prices even lower.

U.S. Furniture Survivor Tries to Go Global

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Low prices and speedy production have made Ashley by far the biggest U.S.-based furniture maker and retailer. Now, it is turning its sights on Asia.

Apple Pay Stung by Low-Tech Fraudsters

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Apple’s new mobile-payment system has been hit by a wave of fraudulent transactions using credit-card data stolen in recent breaches of big retailers.

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.

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.

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.

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.

Bidding War Yields Rich Price for Biotech

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The multibillion-dollar sales potential of a cancer drug that Pharmacyclics chanced upon nine years ago prompted a three-way bidding war that culminated late Wednesday in AbbVie’s $21 billion deal to buy the biotech.

Daimler Invests in U.S. Van Factory

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Daimler will invest $500 million to build a Mercedes-Benz factory in South Carolina after state officials promised tens of millions of dollars in grants, property tax abatements and training support for the plant.

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