U.S. Employment Costs Rise 0.2% in Second Quarter

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U.S. labor costs rose at the slowest pace in at least three decades in the spring, a sign of persistently sluggish wage growth that could weigh on the Federal Reserve’s decision to raise short-term interest rates.

New Question for Law Grads: When Is a Job Not a Job?

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Some law schools have been paying to place graduates in positions, giving them a boost in a national ranking. But the American Bar Association is tightening the rules on how such positions are counted.

Lloyds Can Bank on Green Light for Payouts

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U.K. regulators look set to give banks a looser rein than many thought—at least when it comes to returning cash to shareholders.

Global Stocks Edge Lower

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Global stocks fell slightly Friday, but European and U.S. markets were still on course for monthly gains.

Student Refinancing: Wait-Listed, or In?

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More student lenders are for the first time offering to refinance the loans of professionals who are years out of college, promising low rates in return for the prospect of lucrative new customers.

Exxon Mobil Earnings Cut in Half

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Exxon Mobil Corp., the biggest and richest U.S. oil company, reported a 52% drop in profit for its second quarter, even as lower crude prices drove its refining earnings higher.

Deadline Draws Near for Puerto Rico

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Investors are bracing for Puerto Rico to default on about $58 million in bond payments in coming days, as the U.S. commonwealth attempts to restructure $72 billion in debt.

Deutsche Bank Didn't Archive Chats Used by Some Employees Tied to Libor Probe

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A month after reaching a $2.5 billion settlement over interest rate rigging, Deutsche Bank told regulators its disclosures may have been incomplete because it accidentally failed to archive electronic chats involving its employees.

BG Production Hits Record Before Shell Merger

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BG Group said production rose to a record level for the company in the second quarter, providing a window into the logic behind Royal Dutch Shell’s decision to buy the U.K. energy giant.

Relativity Media's Bankruptcy Filing Ripples Beyond Hollywood

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Relativity Media isn’t the first independent studio that ended up in bankruptcy. But it is the first that could cause problems for NBA stars, college students and a probiotic soda in the process.

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