Sompo Japan to Buy Stake in France's Scor

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Sompo Japan Nipponkoa Holdings said it has decided to spend about $915 million to buy a stake in French reinsurance giant Scor.

VW to Announce Mexico Plant Expansion

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Volkswagen is set to announce details of a planned expansion of its Mexican plant to build a new, longer version of its Tiguan sport-utility vehicle, according to a person familiar with the situation, part of the company’s strategy to offer more SUVs for American customers.

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.

Sika a Step Closer to Takeover

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Sika suffered a setback in its battle to prevent a takeover by France’s Saint-Gobain as the body governing acquisitions in Switzerland ruled in favor of the founding family’s plan to sell its interest.

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.

German Industrial Output Grows

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German industrial production increased on the month in January, as mild winter weather gave a healthy boost to the construction industry, data from the country’s economy ministry showed.

Daimler Invests in U.S. 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.

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.

Year of the Ram Batters Hong Kong Luxury Retailers

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Hong Kong’s retailers are getting pinched by weak consumer demand from mainland China, with some companies reporting steep sales declines over the Lunar New Year period, driving their share prices lower.

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.

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