Oil Prices Resume Rally

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Oil prices rose Friday, erasing earlier losses, as a surprise one-day rally extended to a second day.

Labor Group Says BofA CEO Moynihan Should Not be Chairman

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A labor group is urging Bank of America shareholders to vote against a bylaw change that allows Brian Moynihan to hold the dual titles of bank CEO and chairman.

China's Moves Won't Help U.S. Tech Firms

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China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that were already making life difficult for U.S. rivals.

Hermès Plays Down China Luxury Risk

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French luxury-goods company Hermès International said it expects demand for its pricey handbags and fashion to remain resilient and grow 8% this year despite the risk of an economic slowdown in China.

Fed Urged to Press Ahead With Rate Rise

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After months of forewarning by the Fed that it is preparing to raise short-term interest rates, some international officials have a message: Get on with it already.

Fed Urged to Press Ahead With Rate Rise

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After months of forewarning by the Fed that it is preparing to raise short-term interest rates, some international officials have a message: Get on with it already.

U.S. Consumer Spending Rose 0.3% in July

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U.S. households spent moderately in July amid a healthy rise in wages.

Understanding the Mechanics---and Risks---of Securities-Based Loans

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While the stock market has surged from its low on Tuesday, the recent sharp downdraft highlighted the risks that individual investors and financial institutions face from loans backed by investment portfolios.

School for Mermaids Makes a Splash

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Wannabe mermaids are strapping on monofins and taking to pools and beaches around the world. A school for mermaids in Spain teaches students how to do flips and dives.

Big Oil Faces Prospect of Lower Refining Profits

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For much of the past year, the world’s biggest energy companies suffered through an oil-price rout with one silver lining: Their little-loved refineries were churning out big profits again. Now, that bright spot could be fading, even as oil prices sink.

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