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BMW loses luxury-car crown to Mercedes as 2017 headwinds rise

  Bloomberg BMW lost its crown as the world’s biggest luxury-car brand to Mercedes-Benz, ending its reign after more than a decade amid a cluttered lineup of aging models. The Munich-based manufacturer sold 80,000 fewer cars last year than the Daimler AG brand, which drew younger buyers with sporty redesigns and a bigger array of increasingly popular SUVs. A rebound ...

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‘Apple proved a phone can change world in 10 years’

  SAN FRANCISCO / AP Few people realized it at the time, but the world shifted fundamentally a decade ago when Steve Jobs pulled the first iPhone from Apple’s bag of technological tricks. “Every once in a while, a revolutionary product comes along that changes everything,” Jobs declared as he paced across a San Francisco stage. It obviously wasn’t an ...

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Alphabet in talks to sell Skybox satellite business

  Bloomberg Alphabet Inc. is in talks to sell the Skybox Imaging satellite business it acquired for $500 million less than three years ago, another sign the technology giant is ratcheting back grand ambitions to blanket the globe with internet service. Planet, a satellite imaging startup former known as Planet Labs, may acquire Skybox, according to people familiar with the ...

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