Paramount Pictures Chief Gets Vote of Confidence From Viacom

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Paramount Pictures Chief Executive Brad Grey received a vote of confidence from parent company Viacom Inc. and its board of directors, a day after presenting a turnaround plan for reviving the studio following a recent losing streak at the box office.

Icahn-Ackman Herbalife Trade Could Be a Win-Win

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Carl Icahn’s exploration of a sale of his Herbalife Ltd. stake to a group of investors including William Ackman is rich with irony. But a deal like the one discussed would, in both their eyes, likely deliver a profit.

Rackspace to Go Private in $4.3 Billion Deal

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Cloud-computing provider Rackspace Hosting is being taken private by private-equity firm Apollo Global Management for $4.3 billion.

Burden of Health-Care Costs Moves to the Middle Class

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Rising out-of-pocket health care costs, combined with slow economic growth and years of tepid wage growth, pose risks for an economy in which consumer spending accounts for more than two-thirds of overall output.

American Craft Beers Hop Across the Atlantic

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Exports to Britain of American craft beers—and U.S.-grown hops—are growing as tastes shift, even as mainstream beer volumes continue to fall.

Why Rackspace Is Taking Its Cloud Act Offstage

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The $32-a-share price Rackspace has scored in a go-private deal with Apollo might look like a letdown, but moving out of the spotlight has its advantages.

What to Watch For at the Kansas City Fed's Jackson Hole Conference

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Central bankers are gathering in Jackson Hole, Wyo., for an annual economic symposium, this year titled “Designing Resilient Monetary Policy Frameworks for the Future.” Here are several things to watch.

Lotte Vice President Found Dead Amid Finance Inquiry

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The second-in-command of South Korea’s Lotte conglomerate was found by a passerby hanging from a tree, police said, as prosecutors investigating the company were preparing to question him.

STX Offshore & Shipbuilding Aims to Stay Afloat

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Troubled Korean shipbuilder STX Offshore & Shipbuilding said it will lay off about a third of its workforce and sell a yard in France as part of wide ranging restructuring plan to stay above water.

U.S. Consumer Sentiment Eases Slightly in August

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A gauge of consumer sentiment edged lower in August, a potentially worrying sign for an economy heavily reliant on personal spending for growth.

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