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HP sells 51% stake in China unit for $2.3bn

US firm Hewlett-Packard has decided to sell a 51% stake in its Chinese business to Tsinghua Holdings. The $2.3-billion deal…

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US telecom giant Verizon agrees to buy AOL for $4.4bn

US firm Verizon is buying AOL in a $4.4-billion deal. The purchase, which needs regulatory approval, will…

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US: 223,000 jobs added in April; unemployment rate drops to 5.4%

US firms added 223,000 new jobs in April, a substantial improvement from March when only 85,000 jobs were added, according…

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US firm Halliburton to slash 6,400 jobs amid tumbling oil prices

Halliburton is slashing up to 6,400 jobs, amounting to 8% of its total workforce around the world. The American oilfield…

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US electronics retailer RadioShack files for bankruptcy

In an expected move, American firm RadioShack has filed for bankruptcy. The electronics retailer has lost over 90% of its…

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Obama to impose tax on US firms' overseas profits to fund road projects

President Barack Obama will use the 2016 US budget to impose a 14% one-off tax…

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HP to split into two firms

Hewlett-Packard (HP) will split into two separate firms as part of a major restructuring plan that has also seen thousands…

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Video gaming service OnLive prepares to shut down, sells patents to Sony

OnLive, the video gaming service, is set to shut down after it sold many of its patents to technology giant…

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