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Toshiba puts prized chips unit up for sale to salvage business

  Bloomberg After a chaotic day of earnings, it’s become clearer Toshiba Corp. may soon end up a shadow of its former self. Buried in company presentation materials was a note that the Tokyo-based conglomerate is considering selling a majority stake in its memory chip business, a reversal of a previous plan to limit the sale to 20 percent. Then ...

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Surging iron ore won’t ‘fall off a cliff,’ says Rio Tinto

  Bloomberg Iron ore will defy forecasts for a dramatic price collapse as China’s economy remains strong and the top buyer boosts demand for higher-quality imports, according to Rio Tinto Group, the second-largest exporter. “I wouldn’t necessarily say that it’s going to fall off a cliff,” Chief Financial Officer Chris Lynch said in an interview with Bloomberg Television’s Daybreak Australia. ...

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Hong Kong TV broadcaster sweetens buyback offer

  Bloomberg Television Broadcasts Ltd. sweetened the terms of its share buyback offer after Hong Kong’s dominant free-to-air TV broadcaster received an unsolicited bid for 29.9 percent of the company from TLG Movie & Entertainment Group. The shares jumped to the highest since August 2015. TVB, which announced plans to repurchase as many as 138 million shares on January 24, ...

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