Pure Storage Poised to Boost Lofty Valuation

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Pure Storage, which is trying to remake corporate-data storage with technology that originated in smartphones, is poised to join the world's most richly valued startups.

China's Smart Money Sells Property

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For years, Chinese property has been a sure bet for savvy investors looking to ride the country's economic surge. Now, some of the best-known names in Chinese investing are cutting back, at least for the present.

Three Chinese Securities Firms File IPO Plans

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China's three securities firms filed their IPO plans, kicking off a fresh round of capital raising for the nation's brokerages.

Deal Flurry Shows Drug Makers' Swing Toward Specialization

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After decades of broadening their drug portfolios through acquisitions, pharmaceutical companies are reversing course to focus more narrowly on what they think they can do best.

Fewer Phone Subsidies May Hurt Apple

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U.S. wireless carriers are making unexpectedly fast progress moving their customers away from subsidized phones, a shift that could put further pressure on sales of expensive devices like the iPhone.

Yum's Profit Improves

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Yum Brands posted first-quarter per-share earnings of 87 cents, with net income at $399 million on revenue of $2.72 billion.

China Resources Names New Chairman

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China Resources said Wednesday that it named Fu Yuning chairman, replacing Song Lin, who has been stripped of his post and is under investigation.

Newmont, Barrick Still in Contact After Aborted Merger Talks

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Newmont Mining and Barrick Gold have had continuing contact since the two miners last week broke off talks to create a global mining giant, according to people familiar with the situation.

Newmont, Barrick Still in Contact After Aborted Merger Talks

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Newmont Mining and Barrick Gold have had continuing contact since the two miners last week broke off talks to create a global mining giant, according to people familiar with the situation.

Vote Rejecting UAW at Plant Is Certified

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The NLRB certified a February election in which the UAW was rejected by workers at a Volkswagen plant in Tennessee, bringing to an end a two-month battle over the result.

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