Abbott Agrees to Buy St. Jude in $25 Billion Deal

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Abbott Laboratories agreed to acquire St. Jude Medical in a cash-and-stock deal valued at $25 billion that merges two of the leading makers of heart-related devices.

Volkswagen Bullish Despite Huge Emissions Costs

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Volkswagen said it expects costs of nearly $9 billion to buy back tainted diesel-powered cars but believes the worst of the emissions crisis is now over.

Company Behind American Idol Files for Chapter 11

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The company behind the American Idol TV series, Core Entertainment, has filed for bankruptcy protection, citing the decline in ratings for the once-popular show, which wrapped up its final season recently.

Sanofi Makes $9.3 Billion Bid for U.S. Cancer-Drug Maker

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Sanofi said it has made an all-cash offer to acquire Medivation in a deal valued at $9.3 billion, the French drugmaker’s latest effort to expand its cancer-treatment business.

Why the Bank of Japan Held Fire for Another Day

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The Bank of Japan’s lack of action caught markets by surprise. But that doesn’t mean it is done easing.

Senator's Objections Block Big Deals at U.S. Trade Bank

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A new congressional standoff is preventing the U.S. Export-Import Bank, which survived a five-month shutdown last year, from arranging financing for deals of more than $10 million.

U.S. Jobless Claims Rise to 257K

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The number of Americans filing for new unemployment benefits rose last week but remained at a low level consistent with an improving labor market.

Deutsche Bank: Why 2016 Could Still Hold a Nasty Surprise

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The German lender’s markets business appears to have found its feet in spite of the stormy start to the year, but capital is still under pressure.

Chinese Property Giant Evergrande Invests in Financial Folly

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Evergrande’s nearly $4 billion shopping spree on financial institutions is a troubling escalation of risk for the indebted developer.

White House to Push Student Debt-Relief Plans

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The Obama administration announced plans to ramp up efforts to reach Americans who have defaulted on student loans and enroll them in debt-relief programs, reflecting concerns that millions are damaging their credit.

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