Stocks Look For Direction After Volatile Week

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U.S. stocks rebounded from early losses Friday at the end of one of the most volatile weeks in years for global markets.

Mylan Holders Approve Perrigo Purchase

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Mylan said Friday that its shareholders have approved its proposed $35.6 billion takeover of Perrigo and it will launch a formal offer soon.

CEO of Ashley Madison Parent Steps Down

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Avid Life Media, the parent company of infidelity website Ashley Madison, said Friday that its chief executive had left the company.

UberChina Closing In on $1 Billion in New Funding

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The Chinese affiliate of Uber is close to securing about $1 billion in new funding from investors in the region, part of the ride-hailing company’s rivalry with deep-pocketed Chinese rival Didi Kuaidi.

Luxury Brands Push Deeper Into India

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As sales growth slows in China and other big markets, luxury-goods makers are seeking to cash in on patches of new wealth in often-unexpected parts of India, where there is a growing appetite for luxury brands.

Oil Prices Resume Rally

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Oil prices rose Friday, erasing earlier losses, as a surprise one-day rally extended to a second day.

Labor Group Says BofA CEO Moynihan Should Not be Chairman

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A labor group is urging Bank of America shareholders to vote against a bylaw change that allows Brian Moynihan to hold the dual titles of bank CEO and chairman.

'Craft' Bourbon Is in the Eye of the Distiller

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“Craft” distilleries have mushroomed in the U.S. to 588 from 51 over the past decade. Feeling the heat from the new competition, global liquor conglomerates are getting in on the act, and not letting definitions get in the way.

China's Moves Won't Help U.S. Tech Firms

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China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that were already making life difficult for U.S. rivals.

Hermès Plays Down China Luxury Risk

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French luxury-goods company Hermès International said it expects demand for its pricey handbags and fashion to remain resilient and grow 8% this year despite the risk of an economic slowdown in China.

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