Mondelez Makes Takeover Bid for Hershey

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Mondelez made a bid to buy chocolate giant Hershey in what would be a blockbuster deal uniting two of the world’s best-known candy makers.

Brexit, the Pound and Stock Prices: A Volatile Mix

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Sterling is the swing factor for investors. It may yet fall further to help the U.K. economy to adjust.

Anti-Immigration Feelings Aren't Driven by Economic Anxiety

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Current anti-immigration rhetoric blames the foreign-born for job losses and low wages. But evidence for a link between economic circumstances and public acceptance of immigrants is weak, suggesting ways to counter populist opposition, Greg Ip writes.

EU Opens Probe Into AB InBev's Trade in Belgian Beer Market

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The European Union opened a formal antitrust probe into Anheuser-Busch InBev’s practices on the Belgian beer market, citing concerns it may be hindering imports of its beer from less expensive markets in neighboring countries.

Darden's Profit Climbs But Gives Downbeat View

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Darden Restaurants said its profit climbed 33% in the latest period as same-store sales rose, but the company gave a soft forecast for earnings in its new year.

U.S. Jobless Claims Rose by 10,000 Last Week

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The number of Americans filing new applications for jobless benefits rose last week, but remained at a historically low level consistent with ongoing job growth.

The Brexit Bounce That Won't Carry Investment Banks Far

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Currency trading has rebounded since the U.K. referendum, but other areas are still weak.

Canon, Toshiba Chided by Regulators Over $6.5 Billion Deal

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Japanese regulators warned Canon that the way it acquired Toshiba’s medical-systems unit potentially violated the law, but said the deal can go ahead.

Why There Is a Sudden Outflow of Chinese Investors

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Mainland investors are again rushing to buy Hong Kong stocks, especially banks, but this shouldn’t be seen as special insight from local knowledge.

How the 'Bralette' Has Upended Victoria's Secret

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Victoria’s Secret has a problem and it’s not much of a secret: athleisure is upending the bra business.

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