Barely Half of 30-Year-Olds Earn More Than Their Parents

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About 51% of American 30-year-olds earn more than their parents did, an enormous decline from the early 1970s and even rapid economic growth won’t do much to reverse the trend.

Michael Jordan Scores China Win

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NBA great Michael Jordan has claimed a victory in China, with the nation’s high court ruling that a Chinese sportswear company can’t sell merchandise using his name in Chinese characters.

Buyout Firm Stone Canyon in Talks to Buy Mauser Group

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An investment firm with ties to junk-bond pioneer Michael Milken is nearing a deal to buy industrial-packaging company Mauser Group for more than $2 billion.

Trump Picks Fast-Food Executive Andy Puzder as Nominee for Labor Secretary

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President-elect Donald Trump on Thursday named fast-food executive Andy Puzder as his choice for labor secretary.

OPECDeal Raises Hopes But Not Valuations for Troubled Oil Producers

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OPEC’s deal to cut oil production isn’t likely to save investors in troubled U.S. producers from seeing their stakes vanish in chapter 11, according to restructuring experts.

Credit Suisse Names New Head of Global Internet Investment Banking

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Credit Suisse Group announced internally Thursday that it has hired Robert Peck as its new head of global internet investment banking.

Rust-Belt Debt Hangs Around Beijing's Neck

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Good times won’t last in China’s worst-off, old-economy provinces dominated by steel and coal.

McDonald's to Move Non-U.S. Tax Base to the UK

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McDonald’s said a large portion of its non-U.S. income would be taxed in the U.K., following a restructuring that shifts operations away from Luxembourg.

Economists Say Many of the Lost Factory Jobs Gone for Good

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Economists estimate that the U.S. will add about 50,000 manufacturing jobs by the end of 2019, a pace far too slow to replace what has been lost.

Infrastructure Investors Are Out of Tune With Markets

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An international consortium of major infrastructure investors is paying a punchy price for the U.K.’s gas-distribution network.

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