Jobs Gains Don't Ease Spending Strains

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An improving job market is giving Americans the wherewithal to keep buying more. But things aren’t so good that spending is about to really rip.

As Saudis Keep Pumping, Thirst for Domestic Oil Swells

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The kingdom is poised to break records for crude production this summer, but its ravenous energy needs threaten its ability to ramp up exports.

Indian Firms Bypass Banks

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Issuance of commercial paper has surged in India as companies make an end run around banks, which have been slow to pass along central-bank rate cuts to customers.

Investors on Edge Ahead of Greek Referendum

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With opinion polls suggesting the vote on Greek austerity may be close, many investors are opting to ride out the storm and stick with their holdings of European stocks.

Barnes & Noble Names Boire as CEO of Retail Business

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Barnes & Noble Inc. named Sears Canada Chief Executive Ronald Boire to lead its retail business as the company readies for a spinoff of its college stores.

Justice Department Probes Airlines for Collusion

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The Justice Department is investigating whether U.S. airlines colluded on expansion plans, amid concerns from consumer advocates and politicians that the industry is trying to control capacity to keep airfares high.

Sotheby's Maintains Momentum

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Sotheby’s continued its winning streak in London’s auction market on Wednesday, selling $204 million of contemporary art at its annual summer evening sale.

Anthem, Cigna Rekindle Merger Talks

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Health insurers Anthem and Cigna are in talks to combine after Cigna last month spurned a $47.5 billion takeover from Anthem.

Facebook Will Share Video Ad Revenue

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Facebook said it would begin sharing ad revenue with video creators, a move designed to attract more polished content and more ads.

ECB Dips Toe in Corporate Bond Pool

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Bonds of Italy’s Enel are on the ECB’s shopping list. Investors shouldn’t assume this prefaces mass corporate-bond buying.

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