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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.
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Wilbur Ross, President-elect Donald Trump’s pick for commerce secretary, provided the deepest view yet of the incoming administration’s likely direction on trade in testimony before the committee considering his nomination.
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Netflix’s subscriber additions surged in the fourth quarter, fueled by an aggressive international expansion, as the streaming giant continues to stock up on content it hopes will appeal across multiple countries.
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Hunter Harrison, the railroad veteran who announced his early departure from Canadian Pacific Railway, is joining with an activist investor in an attempt to shake up management at rival railroad CSX.
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BHP Billiton, Vale and their Brazilian iron-ore joint venture have agreed on a plan with federal prosecutors there for negotiating a settlement of a $47.5 billion civil claim linked to a dam failure that killed 19 people in 2015.
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Target warned of weak profits and sales in the critical holiday period, as the retail chain struggled to get shoppers to visit its stores and relied on discounting to compete with Amazon.com for online orders.
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Safran has agreed to buy cabin-interiors specialist Zodiac Aerospace for $9 billion, in the latest sign of consolidation among suppliers to the world’s top plane makers.
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The Obama administration rushed to complete a raft of investigations of big business before relinquishing power, reaching settlements worth around $20 billion in the past week alone with megabanks, auto makers, drug companies and others.
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