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Samsung Group sells shares in chemical, defense arms for $1.7 billion
Reuters/2014-11-26T020900Z_2_LYNXNPEAAP00K_RTROPTP_2_BOSNIA-BUSINESS.JPG" width="130" height="86" alt="People pose with mobile devices in front of projection of Samsung logo in this picture illustration taken in Zenica" align="left" title="People pose with mobile devices in front of projection of Samsung logo in this picture illustration taken in Zenica" border="0" />By Joyce Lee and Se Young Lee SEOUL (Reuters) - South Korea's Samsung Group said on Wednesday it is selling stakes in four chemical and defense firms for 1.9 trillion won ($1.72 billion) to Hanwha Group, the latest move in the massive task of restructuring the country's largest conglomerate. Samsung Group is reorganizing its business empire to make it easier for the children of Samsung Electronics Co Ltd chairman Lee Kun-hee, 72, who has been hospitalized since a May heart attack, to divvy up the conglomerate. ...
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Twitter in talks to buy Bieber-backed selfie app Shots: CNBC
Reuters/2014-11-25T223443Z_1_LYNXNPEAAO18P_RTROPTP_2_USA-TWITTER-EARNINGS.JPG" width="130" height="86" alt="The Twitter logo is pictured at its headquarters on Market Street in San Francisco" align="left" title="The Twitter logo is pictured at its headquarters on Market Street in San Francisco" border="0" />(Reuters) - Twitter Inc is in talks to buy Shots, a selfie photo-sharing app, CNBC reported, citing a source close to the Justin Bieber-backed company. The microblogging website is particularly interested in the app's more than 3 million users, nearly two-thirds of whom are women under 24, CNBC said. (http://cnb.cx/1AQ7U34) A Twitter spokesperson said the company does not comment on rumor and speculation. Shots could not be reached immediately for comment. (This version of the story was refiled to fix media coding.) (Reporting by Abhirup Roy in Bangalore; Editing by Savio D'Souza)
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United States says EU's Google case should not be politicized
Reuters/2014-11-25T154728Z_2_LYNXNPEAAO0U9_RTROPTP_2_BOSNIA-BUSINESS.JPG" width="130" height="86" alt="People pose with laptops in front of projection of Google logo in this picture illustration taken in Zenica" align="left" title="People pose with laptops in front of projection of Google logo in this picture illustration taken in Zenica" border="0" />By Foo Yun Chee BRUSSELS (Reuters) - The United States voiced concern on Tuesday over a draft plan by two EU lawmakers to break up Google Inc , saying politicians should not influence the EU's antitrust inquiry into the world's most popular Internet search engine. The U.S. Mission to the European Union said in an email it "noted with concern" the call for competition regulators to consider splitting search engines from other Internet services. ...
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Megaupload's Dotcom says extradition fight leaves him bust
Reuters/2014-11-26T040452Z_1006990001_LYNXNPEAAP03U_RTROPTP_2_CTECH-US-NEWZEALAND-MEGAUPLOAD.JPG" width="130" height="86" alt="Kim Dotcom talks with supporters at his Internet Party pool party at the Dotcom mansion in Coatesville, Auckland" align="left" title="Kim Dotcom talks with supporters at his Internet Party pool party at the Dotcom mansion in Coatesville, Auckland" border="0" />WELLINGTON (Reuters) - Internet entrepreneur Kim Dotcom, one of the world's most wanted cyber fugitives, says his nearly three-year fight against extradition to the United States to face online piracy charges has left him broke. Dotcom, the New Zealand resident who once flaunted a fleet of vintage cars, a fully staffed rented mansion and globe-trotting holidays, said that his wealth had evaporated due to mounting legal fees which had resulted in the departure of most of his legal team. ...
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HP fourth-quarter revenue drops on weak enterprise demand
Reuters/2014-11-25T212239Z_1006990002_LYNXNPEAAO15L_RTROPTP_2_CTECH-US-HP-RESULTS.JPG" width="130" height="86" alt="A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto" align="left" title="A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto" border="0" />By Sarah McBride (Reuters) - Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units. Sales fell 2.5 percent in the fourth quarter to $28.41 billion, from $29.13 billion a year earlier, HP said on Tuesday. Analysts had expected $28.76 billion. Profit declined 2.7 percent to $2.01 billion, or $1.06 cents a share, compared with $1.01 cents a share a year ago, in line with analysts' expectations. ...
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