Despite one or two notable exceptions (the Harvard Business School and Stanford GSB are yet to offer an EMBA course) it appears that schools around the world have been taking note, and placing international expansion and global business practice at the top of the executive agenda.

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Netflix, in short, is in play, with or without the poison pill, as cash flows will continue to be mediocre with rising content costs on a declining DVD business, aggressive international expansion and what the company hopes is a continued rebound in domestic streaming even with increased competition.

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Although theories of a counterbid from Russian company Severstal for Anglo-Dutch steelmaker Corus appear increasingly unlikely, the firm's billionaire owner, Alexei Mordashov, still has ambitious international expansion plans for his business.

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The expansion is in line with Qantas' strategy to revive its international business.

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He also put in place a vigorous international expansion plan that included the purchase last year of Volkswagen's Brazilian heavy-truck business and this year of a 25% stake in Sinotruk, China's biggest maker of heavy trucks.

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