India's Narendra Modi Defends Efforts to Shake Up Economy

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Indian Prime Minister Narendra Modi took on critics who accuse him of failing to pursue “big bang” measures to revamp his economy, saying he has set a path for accelerated growth that India’s states now need to help navigate.

Florida Judge Denies Gawker Motion for New Trial in Hulk Hogan Case

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A Florida judge denied Gawker Media’s motion for a new trial in the Hulk Hogan sex-tape case, as reports surfaced that a Silicon Valley billionaire has helped finance the professional wrestler’s lawsuit.

Don't Jump on This Chinese Peer-to-Peer Bandwagon

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Shares in Chinese peer-to-peer lender Yirendai have more than tripled in a few months. But that just raises questions about the risks the company takes on.

Sovereign Default: It's Not Personal, Just Business

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As governments in Greece and Puerto Rico grapple with heavy debts and struggling economies, there is a growing acceptance that restructuring of sovereign debt needs to be part of the solution, writes Greg Ip.

Alibaba Discloses SEC Probe of Its Accounting Practices

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China’s biggest e-commerce company said it is cooperating with the SEC and that the commission told it a request for information shouldn’t be taken as an indication of any violation of securities law.

Dollar General: Why This Buck Goes a Long Way

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Dollar General has more than held its own nearly a year after Dollar Tree completed its deal for Family Dollar.

Microsoft to Streamline Smartphone Business

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Microsoft will lay off 1,850 workers and take an impairment and restructuring charge of approximately $950 million as it takes further step in dismantling the mobile-phone operations it acquired from Nokia.

IPO Hurdles Hurt China's Tech Startup Valuations

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China Circuit columnist Li Yuan writes that Chinese entrepreneurs and investors fear that the government is now less open to startups going public domestically than it was a year ago.

Exxon, Chevron Shareholders Reject Climate-Change Stress Tests

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Shareholders at Exxon Mobil and Chevron narrowly voted down resolutions calling for stress tests to determine the risk that efforts to curb climate change pose to their businesses.

Craving More Growth, Walgreens Dismissed Its Doubts About Theranos

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The drugstore chain made a blood-testing deal without fully validating the startup’s technology, worrying that Elizabeth Holmes might balk if Walgreens pushed too hard.

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