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31Jul/130

Dying out? China’s young shun family firms

HONG KONG - Dai Yintao, 21, is the only son of the millionaire owner of Chinese real estate, pharmaceutical and mining companies. He has no interest in taking over his father's business, opting instead to work on a building site in Guiyang in Guizhou province, arriving each day in a Porsche.

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30Jul/130

Crackdown on risk hits Barclays, Deutsche

LONDON/FRANKFURT - A $9 billion rights issue and a fresh purge of assets are among the measures Britain's Barclays and Germany's Deutsche Bank announced on Tuesday to meet tougher rules on risk, raising concern among investors that regulators will push other European banks into similar action.

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30Jul/130

JPMorgan to pay $410 million in power market manipulation probe

- JPMorgan Chase & Co agreed to pay a civil penalty of $285 million and disgorge $125 million to settle allegations of power market manipulation in California and the Midwest, the latest settlement in a series of high-profile investigations by U.S. federal energy regulators against banks.

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30Jul/130

Community Health to buy Health Management for $3.9 billion

- Community Health Systems Inc , the second-largest for-profit U.S. hospital operator, said on Tuesday it would buy smaller rival Health Management Associates Inc for $3.9 billion to strengthen its base, as the country's healthcare system transforms under President Barack Obama's overhaul.

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29Jul/130

With EU sales likely capped, China solar firms will need new markets

HONG KONG - A weekend deal between Beijing and Brussels to regulate trade in solar panels will limit Chinese firms' growth prospects in the European Union, the world's largest solar market, and force them to step up sales to 'emerging' markets at home and in the United States and Japan.

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26Jul/130

Boeing changes chief 787 engineer in management shuffle

WASHINGTON - Boeing Co said on Friday it was rotating five executives in its commercial airplanes division, including Mike Sinnett, the chief engineer on the company's 787 Dreamliner, which was banned from flight earlier this year after its battery system showed a risk of catching fire.

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26Jul/130

Activision to spread its wings after Vivendi sale: CEO

SAN FRANCISCO - Activision Blizzard Inc's CEO, who is shelling out $50 million of his own money in an $8.2 billion deal to buy back most of Vivendi's stake, said the world's largest video game publisher will be freer to pursue acquisitions and grow after emerging from its French parent's wing.

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26Jul/130

Robust loan demand sinks Gardner Denver’s borrowing costs

NEW YORK - Global industrial manufacturer Gardner Denver this week raised $2.825 billion in leveraged loans to fund its acquisition by private equity sponsor Kohlberg Kravis Roberts & Co. Hefty demand for the loans sent yields on both the U.S. dollar and euro tranches below 5 percent, with the U.S. dollar TLB upsized by $100 million.

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26Jul/130

Japan’s ANA finds damaged battery wires on Boeing Dreamliner locator beacons

TOKYO - Japan's ANA Holdings Inc , which operates the world's biggest fleet of Boeing Co Dreamliners, said it found damage to the battery wiring on two 787 locator beacons during checks after the devices were identified as the likely cause of a fire on another aircraft in London this month.

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26Jul/130

Insight: How Samsung is beating Apple in China

GUANGZHOU, China/SEOUL - Apple Chief Executive Tim Cook believes that "over the arc of time" China is a huge opportunity for his pathbreaking company. But time looks to be on the side of rival Samsung Electronics Co Ltd, which has been around far longer and penetrated much deeper into the world's most populous country.

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