National Australia Bank to Sell Great Western Stake in IPO

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National Australia Bank plans to exit its U.S. banking business as it focuses on its home markets, initially selling a minority stake in Great Western Bank via an initial public offering.

Fiat Chrysler Merger Moves Ahead

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Fiat said its reorganization to create Fiat Chrysler Automobiles is proceeding as enough shareholders opted to retain their holdings in what would become a company with a U.K. tax residency, Amsterdam headquarters and a primary stock market listing in New York.

Cocoa Slips From Highs

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Cocoa prices fell from a nearly three-year high on Friday, after an industry group forecast a sharp rise in production of the key chocolate ingredient.

A+E Near Deal to Buy Vice Media Stake for $250 Million

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A+E Networks is nearing agreement to buy 10% of Vice Media for $250 million, in a deal that would value the youth-focused online media company at $2.5 billion, according to people familiar with the matter.

Angry Birds Chief to Step Down

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Finland's Angry Birds maker Rovio Entertainment has been struggling to refresh its lineup and change its revenue model.

Apple's New Whiz Kids

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Apple and Google are providing scholarships and developers kits to software coders as young as 13 years old, looking to land whiz kids interested in writing apps for their smartphones and tablet computers.

Tesco Warns in Profit

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Tesco issued its third profit warning in as many years and said it would slash its interim dividend and reduce capital expenditure as the struggling grocery giant battles fierce competition.

Comcast Targeted by Entertainment Giants

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As the FCC reviews Comcast's proposed purchase of Time Warner Cable, the agency is encouraging media companies to offer feedback confidentially. One gripe: a practice that gives cable giants the same terms as competitors.

Tim Hortons, Burger King Termination Fee: $317 Million

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Tim Hortons Inc. would owe Burger King about $317 million if the Canadian company were to walk away from its $11 billion sale to the U.S. fast-food chain, according to the pair's merger agreement.

Bad Loans Soar at China State Banks

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China's biggest state-owned banks reported a surge in soured and castoff loans in the first half of the year as China's slowing growth takes an increasing toll on its lenders.

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