The Bubble of Smart Things

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The Internet of smart things—smart plates, cups, forks, frying pans—is incontrovertibly in a bubble, writes Christopher Mims. And a shakeout will likely leave few standing.

Citic Securities Launches Global Investment-Banking Venture

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Citic Securities, China’s biggest brokerage firm, launched its global investment-banking platform, combining its bankers with those from CLSA, the Asian firm it acquired two years ago.

Cisco Names New CEO to Replace John Chambers

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Cisco named Chuck Robbins as its next chief executive, effective July 26, replacing John Chambers, who will become executive chairman and continue to serve as chairman.

BofA Holders to Vote on Bylaw Change Naming Moynihan Chairman

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Bank of America said it will give shareholders the chance to vote on the board’s decision in October to give the chairmanship to CEO Brian Moynihan.

U.S. Stock Futures Trade Higher

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U.S. stocks were poised for a slightly higher open Monday, boosted by gains in European and Chinese shares.

KKR to Sell Far East Horizon Shares

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Private equity firm KKR & Co. is selling down Hong Kong-listed equipment leasing company Far East Horizon shares to raise around US$200 million in a share placement.

Goldman Sachs in Talks to Sell Its Coal Mines

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Goldman Sachs is trying to sell at a loss coal mines it owns in Colombia, which would end its involvement in raw-materials production.

Goldman Sachs in Talks to Sell Its Coal Mines

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Goldman Sachs is trying to sell at a loss coal mines it owns in Colombia, which would end its involvement in raw-materials production.

Comcast Results Boosted by Broadband

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Comcast, following failed Time Warner Cable deal, reported better-than-expected profit and revenue, as its broadband division logged its strongest growth in years.

China Oil Industry, Experts Resist Proposal to Merge Companies

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Chinese oil-industry officials and government advisers are pushing back against a proposal that could combine China’s energy companies.

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