Why European Bank Stocks Are Getting Hammered

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Stocks and bonds of European banks are selling off sharply. That is because a big profitability problem risks making their other, known issues worse.

Legal Fees Cross New Mark: $1,500 an Hour

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Partners at some of the top U.S. law firms are approaching—and sometimes surpassing—the watershed billing rate of $1,500 an hour, making the $1,000-an-hour legal fees that once seemed so steep look quaint by comparison.

Chesapeake Woes Rattle Pipeline Partners

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Chesapeake, Williams and Energy Transfer pulled each other into a spiraling stock plunge that illustrates how one distressed shale producer can threaten its business partners.

Fox Pares Profit Outlook

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21st Century Fox lowered its fiscal-year earnings guidance, citing a disappointing film slate and a greater-than-expected hit from foreign currency fluctuations.

Total Starts North Sea Gas Project Despite Low Oil Prices

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One of the last big North Sea projects sanctioned under high oil prices has begun pumping natural gas, highlighting an unexpected boom in U.K. energy production that analysts say is unsustainable.

University of Phoenix Parent Apollo Education to Be Taken Private

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Apollo Education, which operates the for-profit University of Phoenix, agreed to be taken private by a group of investors in a $1.1 billion deal.

Mexican President Names New Head of State Oil Company

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Mexican President Enrique Peña Nieto on Monday replaced the chief executive of Petróleos Mexicanos, shuffling the management of the state oil company as it struggles with the fallout from the plunge in global oil prices.

Variable Annuities Face New Test From the Government

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A proposed rule, expected to be finalized as soon as next month, would hold advisers working with retirement savings to a “fiduciary” standard.

Google CEO Gets Equity Award of $199 Million

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Alphabet Inc. granted Sundar Pichai, chief executive of the company’s main Google business, an equity award valued at $199 million, making him one of the world’s highest-paid executives.

White House: Budget Request Will Include Doubling SEC, CFTC Funding by 2021

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The Obama administration will call on lawmakers to double the budgets of the top U.S. market cops over the next several years

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