Moody's Profit Falls, Hurt by Foreign Exchange

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Moody’s Corp. said an increasingly divergent credit market has it expecting a slowdown in bond issuance this year, meaning fewer deals for the second-largest ratings company.

Sugar Smuggling Into China Stirs Market

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A poor sugar harvest this year, which has pushed up local prices, is creating an incentive for smugglers to flout China’s import restrictions and bring cheaper supplies across the hard-to-police borders of Southeast Asia

J&J, AbbVie Shares Drop on Potential Drug Competition

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Shares of AbbVie and Johnson & Johnson took a hit Friday after FDA briefing documents hinted a cheaper competitor for the drug companies’ blockbuster anti-inflammatory treatments could be headed to market soon.

ArcelorMittal to Raise $3 Billion After Hefty Loss

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ArcelorMittal said it would issue $3 billion in shares to strengthen its balance sheet as it grapples with a global steel glut that pushed it to a nearly $7 billion loss in the fourth quarter.

HSBC in $470 Million Settlement on Alleged U.S. Mortgage Abuses

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HSBC Holdings agreed to pay $470 million to settle federal and state allegations of abusive practices in its U.S. mortgage business.

Tyson Foods Projects Record Profits

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Tyson Foods projected record profits this year, boosted by growing consumer spending, increased meat supplies and low prices for animal feed.

January Jobs: Right Number at Wrong Time for the Fed

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There were positives and negatives in the January employment report, but the Federal Reserve isn’t going to take any chances.

Foxconn, Sharp to Sign Takeover Deal By End of February

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Foxconn Chairman Terry Gou said Friday that the Taiwanese iPhone assembler plans to seal a deal to buy troubled electronics provider Sharp by the end of the month, paving the way for one of the biggest foreign takeovers of a Japanese company.

What's Next for Sweden a Year After Adopting Negative Rates?

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A year after cutting its main interest rate below zero percent, the board of Sweden’s central bank is considering further bold moves to keep a buoyant national currency in check and jolt moribund inflation.

How to Fight Tax Identity Theft

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Tax ID theft is almost never the victim’s fault, but taxpayers can take steps to help avoid the problem—or cope if it occurs.

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