Small Firms Slow to Embrace Chip-Card System

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Many small businesses aren’t racing to update their checkout systems ahead of an Oct. 1 shift that will put merchants on the hook for some fraudulent card charges.

For Russia, Oil Collapse Has Soviet Echoes

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For most countries, the economic slowdown in China and the accompanying slump in commodity prices represent something between nuisance and pothole. For Russia, they are a catastrophe, writes Greg Ip.

Tesco Nears $7 Billion Korea Deal

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Retailer Tesco has chosen Asian private-equity firm MBK Partners as the preferred bidder to buy its South Korea retail operations, in a deal that could be worth up to $7 billion.

U.S. Tech Firms Make Pilgrimage to Brussels

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The giants of Silicon Valley are bulking up in the European Union’s de facto capital, hiring lobbyists and jostling for the favor of the Web’s most ambitious regulators.

IMF Says China Slowdown, Other Risks Threaten Global Outlook

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China’s slowdown and a host of other downside risks threaten to push the global economy into much deeper trouble without concerted action by the world’s largest economies, the International Monetary Fund warned.

The Risk Investors Don't Have to Worry About This Time

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Although markets are wobbling, U.S. banks have their feet on the ground.

Giant U.S. Pension Fund to Propose Shift Away From Stocks, Bonds

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The California State Teachers’ Retirement System, the nation’s second-largest pension fund, is considering a significant shift away from some stocks and bonds amid turbulent markets world-wide.

Wall Street Sales Squads Sit Out Summer

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A deeper-than-usual August decline in bond and equity sales will leave third-quarter earnings for big banks dependent on trading results and the still-thriving M&A market.

Union Floats Health-Care Co-op for U.S. Car Makers

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The United Auto Workers union is pitching Detroit auto makers on a proposed health-care purchasing cooperative as a way to lower employee costs and potentially raise funds to finance worker salary increases.

South African Gold Faces Uncertain Future

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South Africa’s gold mining industry must undergo radical change to cope with falling prices, intensifying labor disputes and the surging cost of ever-deeper exploration.

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