China Securitization Stirs Worry

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China's securitization market is booming, as Beijing relaxes rules to help funding for companies and ease the strains on banks, triggering worries the surge could add risks to the financial system.

Wet Seal CEO Leaves Company

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Wet Seal Inc. disclosed Tuesday that its chief executive left the company, effective Aug. 26, according to a filing with the Securities and Exchange Commission.

Banks' Fee Bonanza Dries Up

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Banks are making less of their money from customer-account fees than at any time in the past seven decades as strict government rules and changing consumer behavior squeeze a major source of revenue.

'Sea Turtles' Travel Home to China

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Native executives who return home from overseas are prized by Chinese firms because they understand the nuances of Chinese culture and can draw upon Western practices to help their new employers expand.

Dollar General Raises Family Dollar Bid to $9.1 Billion

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The battle for over U.S. retailing's discount aisle escalated, as Dollar General raised its bid for Family Dollar Stores and warned it could try a hostile takeover if its smaller rival doesn't agree to talks.

Germany Imposes Ban on Uber

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A regional court in Germany has imposed a nationwide ban on one of Uber Technologies' car-hailing services, posing a serious challenge to the company's ambitious expansion plans in Europe's largest economy.

Mexico Plans New $9.2 Billion Airport

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Mexican President Enrique Peña Nieto will unveil plans for a new Mexico City airport that will eventually be the largest in Latin America and serve as a regional hub, officials said.

U.S. Compact Cars' Breakthrough

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It's not just brawny pickups driving Detroit higher: Chevrolet's Sonic and Ford's Fiesta have leapfrogged Toyota, Honda and Mazda for the No. 2 and No. 3 positions in subcompact sales.

Anglo American CEO Open to Offers

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The chief executive of Anglo American, one of the world's largest mining companies, said he won't pull up the drawbridge if a compelling takeover offer arrives.

Darden's Board Listing to Starboard

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The owner of the Olive Garden restaurant chain said it would raise the number of directors that activist investor Starboard Value can nominate, and replace another four board members.

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