Inversions Push Falls to Treasury's Tax Man

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Mark J. Mazur, the Obama administration's point man in the effort to deter U.S. companies from restructuring overseas to avoid taxes, is a career government economist known for his loosened neckties, Pez dispensers and sweeping grasp of the U.S. tax code.

Coolpad Eyes Overseas Expansion, Considers Acquisitions

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After overtaking Samsung to become the third-largest smartphone maker in China, Coolpad -- a brand little known outside of the country -- is now setting its sights overseas.

RBC Weighs Opening Bank to More Risk

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Royal Bank of Canada is facing a conundrum about one of its fastest-growing businesses: when to apply the brakes. Earnings from the bank's capital-markets business are bumping up against a self-imposed limit that is key to the risk control on which Canada's banks built their reputation.

Al Gore Had Doubts Over Sale to Al Jazeera

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Al Gore had "serious reservations" about selling Current TV to Al Jazeera but overcame them because he believed the U.S. was likely to influence the broadcaster and foster understanding, court papers say.

Home Depot Taps Menear as CEO

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Home Depot named the head of its retail operations, Craig Menear, as the home-improvement retailer's new chief executive, to take over from Frank Blake in November.

Russia Raises Heat on McDonald's

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Russia expanded inspections of McDonald's restaurants across the country, a day after several Moscow restaurants were temporarily closed.

Hormel Sees Pork Supplies Improving

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Hormel Foods reported its fiscal third-quarter earnings jumped 21%, as the packaged-foods maker also said domestic pork supplies have improved after a deadly virus racked piglet populations this year.

GameStop Profit More Than Doubles

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Retailer GameStop said its second-quarter profit more than doubled on strong demand for new game consoles that lifted its hardware and software sales.

Crumbs Bake Shop Cancels Auction, Seeks Sale to Investors

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A bid by television personality Marcus Lemonis and Dippin' Dots owner Fischer Enterprises to relaunch the closed Crumbs Bake Shop neared reality after a deadline to trump the pair's $6.5 million offer came and went.

A Tiny Oil Platform, One Big Mystery

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A small oil facility off the coast of Africa appears to be sending lots of crude to Europe, raising questions by Nigerian and U.S. authorities about whether some of it is pilfered Nigerian crude.

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