Nike Co-Founder Knight to Step Down as Chairman

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Nike chairman and co-founder Phil Knight will step down next year, and he has recommended CEO Mark Parker as his successor.

Alpha Natural Resources Creditors Ready for Possible Restructuring Talks

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Creditors of coal miner Alpha Natural Resources have hired advisers to prepare for possible restructuring talks ahead of an August debt payment.

Sony Asks for Too Much Too Soon

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Sony’s shock capital raising risks the credibility it has built up with investors over the past year.

Don't Tar Portugal with Greek Brush

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Portuguese bonds have been volatile due to Greece. But investors should look again at Portugal and Europe’s defensive qualities.

Celgene Shoots for Moon With Juno

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Celgene’s new partnership with Juno is expensive, but the risk is well-considered.

Towers Watson Pays Willis's Insurance Premium

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Towers Watson has little justification in paying a premium to buy underperforming insurance broker Willis.

Greece Set to Default on IMF Loan

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Greece was set to become the first advanced economy to default on loans from the International Monetary Fund on Tuesday, despite Athens’s last-minute push for emergency financial aid.

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.

Donald Trump Sues Univision For $500 Million

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Donald Trump has filed a $500 million lawsuit against Univision Communications Inc. alleging breach of contract and defamation after the Spanish-language broadcaster pulled out of airing the upcoming Miss USA pageant.

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.

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