Bosses Reclassify Workers to Cut Costs

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As scrutiny into the relationship between businesses and independent contractors rises, employers find ways to take workers off the formal payroll and lower costs.

Hedge Funds Keep Greek Exposure Low

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By the time Greece decided over the weekend to keep its banks and stock market shut this week, few hedge funds had much direct exposure to the country.

Arrested Toyota Executive Resigns

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Toyota Motor managing officer Julie Hamp, who was arrested last month in Tokyo on suspicion of violating Japan’s drug laws, has resigned.

Deutsche CEO to Staff: Don't Expect 'Sweetness and Light'

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Deutsche Banks incoming co-Chief Executive John Cryan said he is committed to simplifying the bank and narrowing the scope of it’s operations.

New Greek Proposal Falls Short of Demands

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A new proposal for budget cuts and policy overhauls from Greek Prime Minister Alexis Tsipras was dismissed by European officials as insufficient to revive negotiations over a new bailout.

Brookfield Approaches Australia's Asciano With $6.8 Billion Offer

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Australian port-and-rail operator Asciano received a $6.8 billion offer from Brookfield Infrastructure Partners that would be one of Asia’s biggest takeovers this year.

ISM Manufacturing Index Rises to 53.5 in June

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U.S. manufacturers revved up their expansion a bit in June, according to a survey released Wednesday by the Institute for Supply Management.

Puerto Rico Utility, Creditors Close to Deal to Avoid Default

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The Puerto Rico Electric Power Authority and its creditors were close to a deal that would allow the cash-strapped utility to pay more than $400 million to bondholders, staving off what investors feared might be the first default of many from the U.S. commonwealth.

Dangers Behind Laundry Pods Stump Experts

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Children who accidentally burst laundry pods experience a wide range of medical outcomes, making it hard to pinpoint what makes these packets so much more potentially hazardous than liquid detergent.

Profits Rise at Constellation Brands

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Constellation Brands Inc. reported a 15% jump in first-quarter profit, as the alcoholic-beverage maker’s Mexican beer segment continued to propel growth.

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