Cargill's Black River Shutting Four Hedge Funds

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Cargill’s Black River Asset Management plans to shutter four of its hedge funds and return more than $1 billion to investors over the next several months.

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.

P&G Fails to Shake Continued Weakness

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Procter & Gamble’s sales growth decelerated over the past year, underlining the challenges it faces as it completes the exits of close to 100 brands and installs a new chief executive in the coming months.

Obama Asks Supreme Court to Review Insider-Trading Ruling

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The Obama administration asked the Supreme Court to review last year’s insider-trading decision by a federal appeals court that overturned two convictions and set a higher standard for proving the financial crime.

Deutsche Bank's Hard Road Ahead

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John Cryan, Deutsche’s incoming chief, has to dig his way out of a deep hole.

Sony, Samsung Find Strength in Sales of Components

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Earnings reports from Samsung and Sony underscore the tech giants’ increasing reliance on components sales as it becomes harder to earn money selling consumer electronics.

Lehman Increases Money Recovery Estimate to $92.2 Billion

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Lehman Brothers Holdings Inc., which collapsed nearly seven years ago, increased its estimate of how much money it will recover to $92.2 billion, thanks to gains in real estate, derivatives and private-equity investments.

Three Coke Bottlers in Talks to Merge

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Three bottlers of Coca-Cola products in Europe are in advanced talks for a merger that would further a push by the U.S. soda giant to consolidate its bottlers around the world and lower costs.

Thrifty Sony Still Has Some Explaining to Do

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Sony has made great strides rationalizing costs and wooing back disillusioned investors. But color is still needed on how it plans to spend investors’ cash.

Royal Dutch Shell Cuts Its Way to a New Look

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The U.K. oil and gas major is chopping jobs, costs and investment. That looks like as much an image makeover, as a financial one.

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