Petrobras Nominates Vale CEO as Its Next Chairman

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Brazil’s government nominated the chief executive of mining giant Vale as the next board chairman of state-run oil firm Petrobras, disappointing those who were looking for sweeping changes at the oil company.

Dow to Merge Chlorine Business With Olin

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Dow Chemical said it would split off a significant portion of its chlorine business and merge it with Olin in a deal valued at $5 billion. The deal’s value of $5 billion includes $2 billion in cash.

BlackBerry Posts Surprise Profit

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BlackBerry said a plan to revive its fortunes remains on track, even though revenue in its latest quarter fell 32% and was well below expectations.

How Wall Street Helps Tech Workers Cash In

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Financial firms are creating a murky, ad hoc market where the red-hot stocks of closely held technology companies trade largely out of sight of regulators, other investors and the companies themselves.

Lifestyle Lift Considers Bankruptcy After Shutting Down Most of Business

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Lifestyle Lift, a nationwide chain of cosmetic surgery centers, abruptly shut down the majority of its business Monday and said it is considering filing for bankruptcy.

Investing Lesson of 1937: Hold Some Cash

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Sure, yields are puny. But when stocks next tumble, the value of cash will be clear, says columnist Morgan Housel.

New SkyMall Owner May Relaunch Catalog

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SkyMall got approval to proceed with a sale to C&A Marketing for $1.9 million. C&A said it plans to turn around the failed business and possibly reinstate the quirky catalog.

Motorola Has a Hit---in Brazil

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The Moto G has become the best-selling smartphone in Brazil, helping Motorola double its market share to 18% of unit shipments. The Moto G’s runaway popularity indicates the extent to which lower-priced, midtier cellphones will be increasingly important for vendors globally.

Pilot Sues JetBlue Over Mental-Health Issues

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A JetBlue Airways Corp. pilot whose erratic behavior diverted a U.S. flight three years ago sued the airline on Friday for permitting him to fly despite what he claims was evidence of his mental-health problems.

United Shifts Two-Crew Cockpit Policy on Certain Jets

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The parent of United Airlines said it had dropped a policy allowing a single pilot to remain in the cockpit of some of its Boeing jetliners, and now required two crew members be present at all times.

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