Why Chinese Steel Can't Support Iron-Ore Prices

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Steel and iron ore prices are again on the slide. Any uplift from Chinese demand will be limited.

Virtual-Reality Dreams Won't Erase HTC's Problems

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Shares of the once-mighty Taiwanese phone maker HTC have been on a tear, but hopes for virtual reality to revive the company seem misplaced.

Microsoft to Streamline Smartphone Business

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Microsoft will lay off 1,850 workers and take an impairment and restructuring charge of approximately $950 million as it takes further step in dismantling the mobile-phone operations it acquired from Nokia.

Terror Attacks, Air Crashes Weaken Appetite for European Travel

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A spate of terror attacks and airliner disasters across Europe and its periphery is starting to catch up with the region’s travel industry.

Chevron-led Consortium to Invest Up To $37 Billion in Kazakh Oil Field

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Investment represents one of the first big commitments by a large oil company to spend on new crude production following a two-year-long slump in oil prices.

M&S Earnings Tumble, Profit Warning Rattles Investors

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British retailer reported a 19% drop in fiscal-year profit, warning that more investment to turn around its struggling clothing and home-products business would put a near-term squeeze on margins. M&S shares fell sharply at the London open.

Toyota and Uber Reach Investment, Lease Partnership

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Toyota said it had invested in Uber Technologies as part of a strategic alliance aimed at getting more drivers on the ride-hailing service.

Huawei Sues Samsung Alleging Patent Infringement

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Chinese telecommunications-equipment maker Huawei has filed a lawsuit in the U.S. alleging that Samsung infringed a number of patents covering mobile devices and cellular-communications technology.

Monsanto Rejects Bayer Merger Bid, Will Weigh Talks

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Monsanto rejected Bayer’s $62 billion takeover offer, saying the biotech seed giant’s business merited a higher price, though Monsanto said it remains open to further talks on a deal.

Sweeping Rule Marks First Update to Chemical Safety in 40 Years

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U.S. House approved sweeping new chemical safety rules designed to overhaul federal regulation covering thousands of chemicals in daily use, a rare bipartisan action in a year when Congress is torn by presidential politics.

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