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Exclusive: Siemens near deal to buy Dresser-Rand - sources

NEW YORK/LONDON - Industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group Inc for all cash, according to people familiar with the matter, in a move that would significantly boost the German company's oil and gas business in North America.

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SoftBank estimates $4.6 billion gain from Alibaba listing

TOKYO - Japan's SoftBank Corp said it expected a gain of about 500 billion yen ($4.6 billion) from Alibaba Group Holding's share listing in New York, where the Chinese e-commerce leader surged 38 percent on its first day of trade.

Tech, Japan 4:54am EDT

Germany pushes Airbus for cost cuts on A400Ms: paper

BERLIN - Germany's defense ministry is demanding price cuts and longer cancellation periods on the A400M military airlifters it has ordered from Airbus, but which will be delivered later and less equipped than planned, a newspaper reported on Sunday.

8:39am EDT

Dollar's rally bad news for oil, multinationals

NEW YORK - The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies.

20 Sep 2014

Microsoft delays launch of its Xbox One console in China

BEIJING - Microsoft Corp has delayed the launch of its Xbox One game console in China, which had been set for release on Tuesday, but the world's biggest software company said it would be released by the end of the year.

Tech, Media, China 4:51am EDT

Alibaba surges 38 percent on massive demand in market debut

NEW YORK - Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class. | Video

Tech, Media 19 Sep 2014

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