Lyft Hires M&A Banker Qatalyst Partners

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Ride-hailing startup Lyft has hired Qatalyst Partners, the boutique investment bank best known for helping tech companies find a buyer, according to people familiar with the matter.

Groundhog Day for Banks as Market Winter Extended

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“Brexit” will once again delay a return to normalcy for American banks.

IKEA to Recall 29 Million Dressers, Chests in U.S.

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IKEA has agreed to recall 29 million chests and dressers in the U.S. following a raft of injuries and three deaths caused by them tipping over.

Chinese Partners Mine Box-Office Gold for Hollywood Movies

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The box office success in China of “Warcraft,” which has racked up more than $210 million from Chinese moviegoers so far—about five times its U.S. box office tally—has hammered home the audience numbers a Hollywood movie with Chinese backing can unlock.

Online Shopping Forces Retailers to Rethink Inventory Strategy

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Retailers are trying to figure out ways to profitably serve online shoppers while making their network of stores less of a financial burden. Home Depot, for example, is targeting sales growth of nearly 15% by 2018, but wants to keep inventory levels flat or slightly down.

Music Industry Out of Harmony With YouTube

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The music industry is locked in an epic battle with YouTube, the most popular on-demand service, over the declining royalty rates the site pays and the difficulty in detecting copyright material from the mass of videos uploaded on the site.

Altice Will Rely on Cost Cuts to Make Cablevision Deal Work

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Altice’s strategy of drastically reducing costs as it expands globally will soon face its biggest test yet as the European telecom company digests the $10 billion acquisition of New York cable operator Cablevision Systems.

Brexit, Brazil and Oil Don't Add Up to Disaster For Santander

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The Spanish bank is exposed to a litany of pitfalls, but its share price fall looks overdone.

U.S. Home Prices Continued Strong Growth in April

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Home prices continued rising at a steady clip in April, a reassuring signal of strength in the U.S. economy amid global uncertainty.

Stores Accepting Food Stamps Face Stricter Rules

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U.S. regulators are pushing stricter rules for stores that accept food stamps, ultimately determining which retailers win and lose the billions of taxpayer dollars at stake.

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