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Ownership Changes

AT&T is spinning off its DirecTV into a new company for a fraction of the $48.5 billion it paid for the satellite TV service in 2015. DirecTV has lost millions of customers on AT&T’s watch, and is valued in the deal at just $16.25 billion, including debt.

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DUBAI, United Arab Emirates (AP) — Ahmed Zaki Yamani, a long-serving oil minister in Saudi Arabia who led the kingdom through the 1973 oil crisis that shattered the West and once found himself held hostage by the assassin Carlos the Jackal, died Tuesday in London. He was 90.

RAMALLAH, West Bank (AP) — The Palestinian Authority said Monday that Israel was preventing it from sending coronavirus vaccines to the Gaza Strip that are intended for frontline medical workers in the territory controlled by the Islamic militant group Hamas.

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PRAGUE (AP) — Czech firearms company Ceska Zbrojovka has signed a deal to acquire Colt, the American gun maker that helped develop revolvers in the 19th century and has since supplied the armed forces in the U.S. and other countries.

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The Biden administration is backing off former President Donald Trump's attempts to ban the popular video app TikTok, asking a court to postpone a legal dispute over the proposed ban as the government begins a broader review of the national security threats posed by Chinese technology companies.

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WASHINGTON (AP) — Federal authorities are investigating a massive counterfeit N95 mask operation in which fake 3M masks were sold in at least five states to hospitals, medical facilities and government agencies. The foreign-made knockoffs are becoming increasingly difficult to spot and could put health care workers at grave risk for the coronavirus.

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ATLANTIC CITY, N.J. (AP) — Bally's Corp.'s shopping spree shows no signs of slowing down as the Rhode Island-based gambling company snapped up yet another company Monday to enlarge its fast-expanding brand.

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FRANKFURT, Germany (AP) — German automaker Daimler will split itself into two independent companies by spinning off its truck and bus division, a move the company said would give both the freedom to operate more nimbly in a fast-changing environment focussed on zero-emission vehicles and software.

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LONDON (AP) — Online fashion seller ASOS has bought Topshop, which once boasted designs by Kate Moss and Beyonce, along with three other brands for 265 million pounds ($363 million) as rivals scoop up bargains after the collapse of Britain’s Arcadia retail group.

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BEIJING (AP) — HNA Group, a debt-burdened Chinese airline operator that faced opposition in Washington to its attempt to buy a Wall Street hedge fund during a costly global acquisition spree, says its creditors have asked a court to declare the company bankrupt.

SIOUX FALLS | An appeals court has revived a lawsuit filed by a small energy drink company with South Dakota origins against former food giant…

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