Pfizer Buys Part of AstraZeneca's Antibiotics Business

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Pfizer said the deal would boost its stable of older products, some of which have lost patent protection.

Why China's Overseas Oil Adventurer Can't Cut Costs Forever

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Cnooc’s low level of overall oil reserves means it will have to undo cost costs at some point.

More U.S. Retailers Probe Indian Supplier of 'Egyptian Cotton'

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Wal-Mart Stores, Target and other big U.S. retailers have become entangled in a controversy over whether one of India’s biggest textile companies has been supplying their stores with phony “Egyptian cotton” sheets.

Fed Officials Brace for (Familiar) New Normal

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For much of the post-financial crisis era, Federal Reserve officials have held to a belief they could get back to their old way of doing things. As they prepare to gather at their annual retreat in Jackson Hole, Wyo., officials are grimly coming to a view it isn’t going to happen that way.

HP Reports Lower Earnings, Revenue

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HP’s revenue and earnings shrank in the most recent quarter, but the company showed signs of stabilizing the personal-computer business, its largest revenue source.

Fed Officials to Meet With Activists Before Jackson Hole

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When Federal Reserve officials gather for the Kansas City Fed’s high-profile policy conference in Jackson Hole, Wyo. this week, some of them will start with an unprecedented event.

General Mills Grooms Jeff Harmening as Next CEO

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General Mills is grooming Jeff Harmening as its next chief executive, putting an unflappable Midwesterner who bet on healthy foods in line to run a food giant that is struggling with an industrywide shift toward nutritious products.

Hong Kong No Longer Top Market for Luxury Watches

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The U.S. is now the biggest market for luxury watches after sales in Hong Kong were hurt by a strong local currency and by China’s crackdown on gifting by party officials.

Sports Authority's Renewed Bonus Plan Provokes Protest

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Top Sports Authority executives are back with demands for up to $1.5 million in bonuses to wrap up the final stages of a bankruptcy that closed hundreds of stores and cost thousands of jobs.

Why Twitter Can't Shake Its Harassment Problem

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Twitter has been trying to shake its reputation as a haven for harassment, but the company’s own design can magnify events.

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