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Trading house Mitsui & Co. said on Wednesday it has reached an agreement to acquire a 40 percent stake in a British rail franchise from a subsidiary of the Dutch national railway. Both Mitsui and Abellio Transport Group Ltd., a wholly owned subsidiary of the Nederlandse Spoorwegen NV Group, declined ...

Europe’s beleaguered Galileo satellite navigation system has suffered another setback, with clocks failing onboard a number of satellites in space, the European Space Agency said Wednesday. Designed to render Europe independent from America’s GPS, the €10 billion ($11 billion) project may experience further delays as the cause of the failure ...

Donald Trump and Hillary Clinton voters had different media diets, but a study finds common ground in Facebook as an important news source — even if their individual feeds bore little resemblance to each other’s. Facebook was the top nontelevision source for election news cited by supporters of both candidates, ...

Sarah Feinberg was on the job as the nation’s chief railroad regulator for just three weeks when a packed commuter train slammed into an SUV stopped on tracks north of New York City, killing six people. The February 2015 crash highlighted a problem that has plagued the railroad industry since ...

Japan has maintained its hold for a second month on the No. 1 spot atop China among foreign owners of U.S. Treasury securities. The Treasury Department reported Wednesday that total foreign holdings dropped 1.6 percent to $5.94 trillion in November following a 1.9 percent decline in October. Both Japan and ...

Vegemite and other grocery products are being sold by Oreo-maker Mondelez to Australian dairy company Bega Cheese in a deal worth about $345.3 million (460 Australian dollars). Mondelez International Inc. said Wednesday it’s selling most of its grocery business in Australia and New Zealand to focus on snacks like Oreo ...

U.S. Commerce Secretary-designate Wilbur Ross on Wednesday urged Toyota Motor Corp. and other manufacturers to build more plants in the United States as part of efforts to reduce the U.S. trade deficit and increase employment. Speaking at his Senate confirmation hearing, Ross said, “The best way to deal with the ...

A pickup in manufacturing, “widespread” reports of labor shortages and improving business investment set the stage for the Federal Reserve’s December rate hike amid signs of steady economic growth across the country, the Fed reported Wednesday in its latest Beige Book compendium of economic conditions. Manufacturers in “most” of the ...

Imagine you’re behind the wheel when your brakes fail. As you speed toward a crowded crosswalk, you’re confronted with an impossible choice: veer right and mow down a large group of elderly people or veer left into a woman pushing a stroller. Now imagine you’re riding in the back of ...

IC Power's initial public offering boosted to $400 million from $100 million; Migdal quitting insurers’ group to pursue tougher lobbying strategy; Ceragon wins $60 million order from India.