U.S. Banks Take Global Lead

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In the trans-Atlantic rivalry for banking supremacy, U.S. banks are preparing to pounce, with executives touting the gloom emanating from their European counterparts as a big opportunity to press their newfound advantage.

LinkedIn Gets Boost From Lynda Deal

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LinkedIn’s stock fell in after-hours trading as investors realized that it beat growth expectations because of its recent acquisition of lynda.com, not because of a recovery in its core business.

Deutsche Bank Didn't Archive Chats Used by Some Employees Tied to Libor Probe

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A month after reaching a $2.5 billion settlement over interest rate rigging, Deutsche Bank told regulators its disclosures may have been incomplete because it accidentally failed to archive electronic chats involving its employees.

FAA Steps Up Scrutiny of Allegiant

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An unusual emergency landing by an Allegiant Travel flight low on fuel is drawing new scrutiny to the budget carrier after a string of other in-flight disruptions.

SodaStream Feels the Squeeze of a New Rival

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SodaStream, a pioneer in make-it-at-home soda, is recasting itself as a “sparkling water’’ dispenser as Americans cut back on soft drinks. It also is rushing to remake itself before Keurig launches its cold-drink machine.

Cargill's Black River Shutting Four Hedge Funds

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Cargill’s Black River Asset Management plans to shutter four of its hedge funds and return more than $1 billion to investors over the next several months.

Obama Asks Supreme Court to Review Insider-Trading Ruling

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The Obama administration asked the Supreme Court to review last year’s insider-trading decision by a federal appeals court that overturned two convictions and set a higher standard for proving the financial crime.

Deadline Draws Near for Puerto Rico

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Investors are bracing for Puerto Rico to default on about $58 million in bond payments in coming days, as the U.S. commonwealth attempts to restructure $72 billion in debt.

RBS Offers Big Rewards for Patient Buyers

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The U.K. bank’s radical restructuring launched in February promises to build a big capital surplus.

Shell to Cut 6,500 Jobs as Profit Drops

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Shell announced plans to slash 6,500 jobs amid a slump in oil prices that has sent a wave of job cuts rippling through the industry.

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