Why Warren Buffett Isn't Buying Into Phillips at the Top

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Warren Buffett’s investment in Phillips 66 looks like it might be another instance of him buying in at the peak of the market. Think again.

The Mirage of Fannie Mae-White House Truce Talks

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Speculation that a pro-investor settlement looms in the Fannie Mae and Freddie Mac cases has driven shares sharply higher. This is wishful thinking.

Forever 21 Rethinks Its Love of Giant Stores

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Forever 21 is sounding out landlords about downsizing some of its biggest stores, according to people familiar with the matter. The teen retailer is also in talks to obtain a $150 million loan to bolster its balance sheet.

China Data Pulls Down Asian Shares

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Asian markets fell Tuesday after disappointing manufacturing data further put in focus China’s economic slowdown.

Argentina Creditors Can't Seize Assets of Central Bank, Court Rules

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Argentina’s creditors can’t seize the assets of its central bank, a U.S. court ruled, reversing an earlier ruling that would have opened the nation’s reserves to hedge funds looking to collect debt stemming from a 2001 default.

Pension Funds Oppose Combined BofA Chairman, CEO Roles

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Two major public pension funds joined the drive for Bank of America Corp. shareholders to oppose a corporate bylaw change that lets Brian Moynihan serve as both chief executive and chairman.

China Manufacturing PMI Slips

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China’s official manufacturing purchasing managers index fell to 49.7 in August from 50.0 a month ago, indicating a contraction.

StubHub Gets Out of 'All-In' Pricing

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Nearly two years after shifting to “all-in” pricing, ticket-resale giant StubHub is reversing course and returning to its old system of adding 15% to 17% at the last minute.

California Lawmakers Approve Equal-Pay Measure

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California lawmakers gave final approval to legislation that seeks to ensure equal compensation for women in the workplace by prohibiting employers from paying differing wages to employees who do “substantially similar work.”

Crackdown on Racial Bias Boosts Some Auto-Loan Costs

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A federal regulator’s campaign to fight bias against minorities is changing the way many car loans are priced, a move that is increasing costs for some consumers.

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