U.S. Employment Costs Rise 0.2% in Second Quarter

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U.S. labor costs rose at the slowest pace in at least three decades in the spring, a sign of persistently sluggish wage growth that could weigh on the Federal Reserve’s decision to raise short-term interest rates.

IKEA Gets Deeper Into the Woods

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IKEA is buying forests to wield more control over its most important raw material: wood.

New Question for Law Grads: When Is a Job Not a Job?

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Some law schools have been paying to place graduates in positions, giving them a boost in a national ranking. But the American Bar Association is tightening the rules on how such positions are counted.

Lloyds Can Bank on Green Light for Payouts

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U.K. regulators look set to give banks a looser rein than many thought—at least when it comes to returning cash to shareholders.

Sharp to Explore Options for LCD Panel Business

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The Japanese electronics company said it would seek external help to prop up its LCD panel-making business and plans to quit selling televisions in the U.S. and much of the rest of North and South America.

Global Stocks Edge Lower

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Global stocks fell slightly Friday, but European and U.S. markets were still on course for monthly gains.

ArcelorMittal Plans U.S., South Africa Restructuring

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ArcelorMittal talking with labor unions about restructuring its U.S. and South African steel operations, which have suffered from anemic steel demand and increased steel import pressure.

Student Refinancing: Wait-Listed, or In?

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More student lenders are for the first time offering to refinance the loans of professionals who are years out of college, promising low rates in return for the prospect of lucrative new customers.

Exxon Mobil Earnings Cut in Half

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Exxon Mobil Corp., the biggest and richest U.S. oil company, reported a 52% drop in profit for its second quarter, even as lower crude prices drove its refining earnings higher.

Deadline Draws Near for Puerto Rico

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Investors are bracing for Puerto Rico to default on about $58 million in bond payments in coming days, as the U.S. commonwealth attempts to restructure $72 billion in debt.

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