Asahi Offers About $3.5 Billion for Peroni, Grolsch

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Japan’s Asahi Group has offered to buy two European beer brands that SABMiller and Anheuser-Busch InBev want to sell to address regulatory concerns about their planned merger.

Why Falling Chinese Oil Production Is Good for Global Prices

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Chinese oil production is expected to fall this year and state-owned companies are investing less, which means demand for oil from overseas should remain firm.

This Chinese City's Property Market Is Out of Control

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Shenzhen housing prices are up nearly 50% from a year ago. Speculation and unaffordability mean such gains are likely unsustainable.

Viacom CEO Defends His Leadership

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Viacom Chief Executive Philippe Dauman fiercely defended his leadership and the board’s recent decision to name him executive chairman as the company reported a profit decline in its most recent quarter.

Obama Budget Aims to Mold Debate

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President Barack Obama’s $4.1 trillion budget proposal is designed to find a few spots of bipartisan agreement while also laying out a broader liberal policy agenda for a potential future Democratic administration.

Disney Stresses ESPN to Allay Cable Fears

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Disney aimed to counter the arguments that ESPN’s business is in decline, while “Star Wars” drove a strong quarter for the company’s movie and consumer products businesses.

Investors Flee Risky European Bank Debt

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Contingent convertible bonds, or CoCos, have declined about 12 cents on the dollar this year, as banks’ prospects dim and investors sour on the debt.

Los Angeles Rams' Stan Kroenke to Buy Vast Texas Ranch

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The 535,000-acre Waggoner ranch will be sold to billionaire Los Angeles Rams owner Stan Kroenke in a deal approved by a court Tuesday. The terms weren’t disclosed, but the property had been listed for $725 million.

Morgan Stanley Executive Provides Grim Picture for Wall Street

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Morgan Stanley’s top trading executive warned that the first quarter was shaping up to be another tough one for Wall Street, as volatile markets take a toll on investors’ desire to buy and sell with banks.

Argentina Hires New Lawyers in Debt Battle

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Argentina hired new lawyers to represent it in a debt battle that’s dragged on for 15 years.

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