P&G Chief Replaced by Old Boss

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Procter & Gamble said A.G. Lafley has rejoined the company as president and chief executive, succeeding Bob McDonald.

Bausch Nears $9 Billion Sale to Valeant

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Bausch & Lomb is nearing a deal to sell itself to Valeant Pharmaceuticals for about $9 billion.

Mitsubishi Motors Proposes to Resume Dividends

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Mitsubishi Motor is asking shareholders to approve a reduction in its capital to wipe away cumulative losses that would allow it to resume dividend payments for the first time in 16 years.

Chile Halts Work at Barrick Gold Project

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The Chilean government's Environmental Superintendency halted all construction operations at Barrick Gold's Pascua-Lama project that straddles the Andes Mountains into Argentina.

Gap Continues Rebound

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Gap notched a 43% rise in quarterly earnings as the apparel retailer kept up the momentum of its turnaround.

China Buyers Lighten Up On Japanese-Car Grudge

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Nine months after anti-Japanese riots in China over an island dispute, trade is rebounding—with Chinese consumers particularly warming again to Japanese cars.

News Corp. Board Approves Split

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News Corp.'s board approved the company's separation into two publicly traded entities, moving a step closer to splitting its entertainment businesses from the publishing division.

Court Says Tweet Libeled U.K. Politician

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The High Court in London ruled that a tweet by the wife of the speaker of the House of Commons libeled a top Conservative Party figure by implying that he was a pedophile.

P&G Doesn't Have 'Any Bigger Problem'

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Procter & Gamble's finance chief said the restoration of A.G. Lafley to the helm of the consumer-products giant doesn't signify larger problems at the company nor a dramatic shift in strategy.

Regulatory Move Inhibits Bank Deals

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A move by regulators that put the biggest bank merger of 2012 on ice is sending a chill through midsize financial institutions.

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