Pension Funds See Lower Returns, Shifting Burden to Taxpayers

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Public pension-fund managers are slashing investment predictions to their lowest levels since the 1980s, a shift that will mean greater hardships for employees and governments as Americans age.

Boutique Retailer Vince's Shares Plummet

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Shares in specialty boutique retailer Vince Holding Corp. hit an all-time low after the company reported worse-than-expected second-quarter results and slashed its guidance for the year.

Insurer Highmark Is Latest to Trim Offerings Under Health Law

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Highmark Health said it would reduce its range of offerings on the Affordable Care Act marketplaces, becoming the latest insurer to retrench amid steep financial losses.

Lower Gas Prices Yield Uneven Benefits

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The sharp fall in gas prices that began last summer has altered American life in ways spurring families to spend more at restaurants and clock more miles in bigger vehicles, while bruising regions and sectors that rode the oil boom.

A Banker Beat Down That Could Hurt Housing

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Banks are likely to keep pulling back from making FHA loans, which could crimp growth in the housing market.

BASF, Gazprom Renew Abandoned Asset-Swap Plan

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Germany’s BASF and Russia’s Gazprom will complete an asset-swap deal signed in 2013 but called off last year amid tension between Russia and the West.

McGraw-Hill Education Files to Go Public

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McGraw-Hill Education Inc. on Friday filed initial paperwork to go public, just two years after being sold to private-equity firm Apollo Global Management LLC.

No Emerging Markets in Your Portfolio? Look Again

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Some foreign-stock mutual funds have 30% or 40% of assets in developing nations.

UAW Ford Negotiators' Video Says Givebacks Are Done

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Ford Motor Co.’s hourly labor costs in the U.S. are roughly $9 an hour higher than Toyota Motor Co. and $15 more than Nissan Motor Co. But counting on the United Auto Workers to help bridge the gap looks like a dead end.

Canada's Top Court Rules in Favor of Ecuador Villagers in Chevron Case

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In a boost to Ecuadorean villagers’ bid to enforce a $9.5 billion judgment against Chevron, Canada’s top court ruled they can move forward with an effort to seize assets tied to the oil company.

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