Puerto Rico Utility Makes Payments to Bondholders

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The Puerto Rico Electric Power Authority paid all principal and interest due to bondholders, buying the troubled utility time as it works to reach a deal with creditors.

First Reserve's Funds Pitch South

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The private-equity firm’s two biggest buyout funds are in the red, a result of the steep drop in oil prices and ill-fated investments in energy companies.

Puerto Rico's Wages Are No Benefit to Its Economy

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Puerto Rico’s economic problems stem in some part from how the U.S. commonwealth has to operate under the same minimum-wage rules as the more prosperous 50 states.

Hewlett-Packard Officially Files to Split

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Hewlett-Packard took a big step toward its Nov. 1 breakup by filing paperwork with the SEC that outlines the two businesses it plans to create.

Euro's Salvation Lies in Its Political Appeal

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Greg Ip: The Greek crisis has laid bare the flawed economic foundation of the euro, but the political appeal of the common currency may be its salvation.

Expedia Yields on European Hotel Listings

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Expedia will allow European hotels to list varying rates on other websites, yielding to pressure from regulators concerned about price-fixing and following a similar move by rival Priceline.

U.S. Business Schools Seek Cuban Students

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As relations between the U.S. and Cuba normalize, schools such as the University of Pennsylvania’s Wharton School and Stanford University’s Graduate School of Business are expecting to enroll Cubans as soon as they can clear some administrative challenges.

U.S. Factories End Quarter on a Broad Upswing

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U.S. manufacturers ended the second quarter on stable footing, reporting a strong flow of orders that could help support the overall economy in coming months.

New Greek Proposal Falls Short of Demands

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A new proposal for budget cuts and policy overhauls from Greek Prime Minister Alexis Tsipras was dismissed by European officials as insufficient to revive negotiations over a new bailout.

DOJ Sues to Block Electrolux Deal for GE's Appliance Business

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Justice Department antitrust enforcers filed a lawsuit seeking to block Electrolux AB from acquiring General Electric Co.’s appliance business, alleging the deal would hurt competition.

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