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Yahoo plans to shrink board, change name after Verizon deal

  Bloomberg Yahoo! Inc. Chief Executive Officer Marissa Mayer is among six directors who plan to leave the board of the investment company that will be left after the closing of the proposed sale of Yahoo’s main internet properties to Verizon Communications Inc. The new company, a shareholder in Alibaba Group Holding Inc. and Yahoo! Japan, will change its name ...

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Toyota sees $2bn-a-year US spend after Trump attack

  Bloomberg Toyota Motor Corp., whose investments in Mexico have drawn criticism from US President-elect Donald Trump, said it plans to invest $10 billion in the US over the next five years, maintaining the pace of spending it established during the last half decade. Jim Lentz, Toyota’s chief executive officer for North America, outlined the company’s intentions during an interview ...

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Valeant to sell $2.1bn in assets to pay down debt

  Bloomberg Valeant Pharmaceuticals International Inc., the embattled Canadian drugmaker, agreed to sell about $2.1 billion in assets to get cash to streamline its businesses and begin easing its debt burden. L’Oreal SA will pay Valeant $1.3 billion for three skin-care brands, the Paris-based company on Tuesday said in a statement. Earlier in the day, Valeant said it would sell ...

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