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  • *Lexus imports cars from Japan for China market. Unlike German peers Audi, Volkswagen AG's luxury division and BMW, Lexus imports all of its vehicles sold in China, from Japan. But high tariffs charged on imported cars make it hard to generate volume and last year, Lexus sold around a seventh of Audi's tally and a fifth of what BMW sold in China.

  • Fracking foes cringe as unions back drilling boom Sunday, 20 Apr 2014 | 12:22 PM ET

    PITTSBURGH— After early complaints that out-of-state firms got the most jobs, some local construction trade workers and union members in Pennsylvania, Ohio and West Virginia say they're now benefiting in a big way from the Marcellus and Utica Shale oil and gas boom.

  • 'Capt. America' tops box office for third week Sunday, 20 Apr 2014 | 12:04 PM ET

    LOS ANGELES— Captain America continues to vanquish box office foes, triumphing in ticket sales for the third consecutive week and dominating over megastar Johnny Depp's new movie. Directed by longtime Christopher Nolan cinematographer Wally Pfister, the Warner Bros. film is Depp's third consecutive box office disappointment.

  • *To invest $12 bln and build more plants in China. BEIJING, April 20- U.S. car giant General Motors Corp plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market.

  • Echoes of Betamax as Supreme Court hears Aereo TV case Sunday, 20 Apr 2014 | 11:41 AM ET

    Tuesday will not be the first time the court's nine justices will have the final say over the fate of a new TV viewing technology.

  • *Action follows meeting between Twitter and Turkish officials. ISTANBUL, April 20- Two anonymous Twitter accounts used to release secretly recorded conversations implicating family and associates of Turkey's prime minister and senior government officials in a corruption scandal appeared on Sunday to have been blocked.

  • BEIJING, April 20- Premium auto maker BMW unveiled a luxury concept sedan in Beijing on Sunday, to gauge customer appetite for a car that would cost more than German manufacturer's current flagship 7 series limousine.

  • DUBAI, April 20- Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, reported a 14.8 percent increase in first-quarter net profit on Sunday, citing higher income from investments.

  • WASHINGTON/ NEW YORK, April 20- When the U.S. Supreme Court hears a one-hour oral argument in Washington, D.C., on Tuesday, it will not be the first time the court's nine justices will have the final say over the fate of a new TV viewing technology.

  • US lawmakers call for tighter sanctions on Russia Sunday, 20 Apr 2014 | 10:47 AM ET

    WASHINGTON— Two members of the U.S. Senate Foreign Relations Committee called Sunday for tougher Western sanctions against Russia to include its petrochemical and banking industries and warned that Moscow thus far has ignored U.S. and European efforts to persuade it to back off its confrontation with Ukraine.

  • China's Li says more major energy projects to start Sunday, 20 Apr 2014 | 10:21 AM ET

    SHANGHAI, April 20- China will soon start construction on a series of major energy projects, including nuclear and hydropower plants, Premier Li Keqiang said on Sunday, highlighting an infrastructure build-out that could help bolster the slowing economy.

  • Pfizer considers $100B bid for AstraZeneca: report Sunday, 20 Apr 2014 | 10:16 AM ET

    U.S. pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a 60 billion pound takeover, Britain's Sunday Times reported.

  • LONDON, April 20- U.S. pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a 60 billion pound takeover, Britain's Sunday Times reported.

  • *To invest $12 bln and build more plants in China. BEIJING, April 20- U.S. car giant General Motors Corp plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it steps up its presence to compete with aggressive rivals in the world's largest auto market.

  • Dealer wanted in US for art fraud nabbed in Spain Sunday, 20 Apr 2014 | 8:09 AM ET

    MADRID— A Spanish businessman suspected of having dealt in millions of dollars of fake art has been arrested during Easter festivities in southern Spain, officials said Sunday. Art dealer Jose Carlos Bergantinos Diaz, who is wanted for fraud in the United States, was arrested Friday at a luxury hotel in Seville.

  • GM boosting China production capacity to 5 million Sunday, 20 Apr 2014 | 7:56 AM ET

    BEIJING— The president of General Motors said Sunday that the company and local partners are boosting production capacity for GM-brand vehicles in China to 5 million. General Motors Co. and its Chinese partners are in the midst of what the company has said is a $12 billion investment program through 2017..

  • SHANGHAI/ BEIJING, April 20- Global automakers are scrambling to meet the demands of China's young urban professionals, who want a car that makes them stand out, yet don't always have the money to splurge on a top-end model.

  • BOSTON, April 20- U.S. fund managers warned this month of risks shareholders could face from current or future Western sanctions against Russia, underscoring the stakes for emerging-markets investors arising out of the turmoil in Ukraine.

  • Malaysia, Flight 370 relatives talk financial help Sunday, 20 Apr 2014 | 6:27 AM ET

    Deputy Foreign Affairs Minister Hamzah Zainuddin met with the passengers' relatives in Kuala Lumpur to talk about where to go next. He declined to elaborate further, but said a fund could possibly be set up by the government or Malaysia Airlines. He added that he would soon visit Beijing to shore up bilateral relations between Malaysia and China.

  • Automakers unveil China-focused models in Beijing Sunday, 20 Apr 2014 | 6:23 AM ET

    BEIJING— Ford Motor Co. on Sunday unveiled a new Escort sedan designed in China for global sale at a Beijing auto show that highlighted the growing influence of Chinese tastes on the industry. The Escort goes on sale in China this year, expanding later to other markets, said CEO Alan Mulally.

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