Outgoing Canadian Pacific CEO and Activist Investor to Target CSX

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Hunter Harrison, the railroad veteran who announced his early departure from Canadian Pacific Railway, is joining with an activist investor in an attempt to shake up management at rival railroad CSX.

Citigroup Is the Last of the Cheap Banks

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Citigroup is the last major bank trading at an ultracheap valuation.

Baidu CEO Gets Management Help

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China Circuit columnist Li Yuan says Baidu’s CEO is getting management help with a new president, Qi Lu, a former Microsoft executive.

FCC's TV Airwaves Auction Nears End With About $18 Billion in Bids

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The Federal Communications Commission’s auction of television airwaves is wrapping up after attracting about $18.2 billion in bids, far less than the last sale of government licenses amid weaker demand.

Yellen Says Nonpartisan Fed Will Focus on the Economy

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Federal Reserve Chairwoman Janet Yellen defended the central bank as a nonpartisan institution, saying it would react to economic developments regardless of short-term political pressures.

Financial Crisis, Regulatory Agenda Shaped Obama's Economic Legacy

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President Barack Obama took office in the middle of a financial crisis with Corporate America hemorrhaging jobs. He leaves with stocks near record highs and 75 straight months of job creation. Yet his economic legacy is marred by a long run of slow wage growth, low worker productivity and the slowest economic expansion in post-World War II history.

The Dollar and the Donald

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No matter what Donald Trump says about the dollar being “too strong,” if he is able to deliver the sort of economic growth investors are hoping for, the currency will probably rise further.

Inflation Gauge Tops 2%, Supporting Fed's Plan to Raise Rates

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A broad measure of inflation poked above 2% for the first time in two-and-a-half years in December, a sign of diminished economic slack that could support additional moves by the Federal Reserve to raise interest rates this year.

Google Agrees to Buy Twitter Unit Called Fabric

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Alphabet Inc.’s Google agreed to acquire Fabric, a unit from Twitter that runs a tool for developers to make mobile apps.

IBM: Paying Now for Work in Progress

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IBM’s stock has risen sharply in the past year, raising the stakes for a continuing transition.

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