Casino Magnate James Packer Learns Art of Letting Go

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James Packer’s Crown Resorts is selling Melco Crown’s shares well below their peak, but the move makes some sense.

Oil-Price Drop Vanquishes Cutting-Edge Projects

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The world’s largest energy companies are sidelining big ideas, like ultra-deep water development, floating LNG factories and carbon-capture projects, that they touted just a couple of years ago as the industry’s future.

What It Takes for Royal Dutch Shell to Break Even

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Shell says it will do “whatever it takes” to balance its cash flows in an era of lower oil prices. There is still much work to be done.

Brewery Builds a Pipeline, Sending Beer Lovers Into a Froth

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Belgian project will transport 1,500 gallons of suds an hour; requests for home taps go nowhere.

Takata Air-Bag Recall More Than Doubles in the U.S.

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Federal regulators ordered auto makers to recall up to another 40 million rupture-prone Takata air bags, more than doubling the largest automotive safety campaign in U.S. history.

BHP, Vale Shares Plummet Following Brazil Dam Disaster Lawsuit

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Shares of two of the world’s biggest mining companies continued to plummet Wednesday after Brazilian federal prosecutors hit them with a $44 billion lawsuit in response to a catastrophic dam collapse in November.

New U.S. Rules Make Foreign Goods Better Deal for E-Shoppers

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A change in trade rules is making it cheaper and easier for American consumers to buy overseas goods online, heartening merchants abroad but threatening stiffer competition for U.S. retailers.

Why Silicon Valley Recruiters Are Flocking to Ontario

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The University of Waterloo, in Ontario, has become a magnet for recruiters at Google parent Alphabet, Electronic Arts and Amazon, who seek the school’s entrepreneurially minded engineering graduates.

California Governor Signs Bill Raising Tobacco-Purchase Age to 21

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California Gov. Jerry Brown on Wednesday signed into law a bill raising the legal purchase age for cigarettes and other tobacco products to 21 years from 18.

For 'Brexit,' Like 'Grexit,' It's Not About Economics

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Britain’s flirtation with leaving the European Union is as puzzling as Greece’s desire to stay. After all, Britain’s economy has done quite well inside the bloc while Greece’s has been decimated. What explains both sentiments, WSJ chief economics commentator Greg Ip writes, is that the European project has always been about more than economics.

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