U.K. County Rejects Fracking Applications

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An English county government rejected applications for the first onshore hydraulic fracturing in western Europe since 2011, in a blow to the U.K.’s nascent shale-gas industry.

GE Strikes Multibillion-Dollar Deals to Sell Units

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General Electric has agreed to sell its U.S., Mexico, Australia and New Zealand vehicle-financing businesses to Element Financial for $6.9 billion, with a deal to unload its European fleet business also in the works.

Sysco Walks Away From US Foods Merger

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Food-distribution giant Sysco scrapped its planned merger with US Foods, days after a judge halted the deal.

Paris Detains Uber Executives

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Police detained Uber Technologies’ top two executives in Paris, making good on a promise to crack down on the car service.

Barclays Names Former Dallas Fed President Fisher as Adviser

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Barclays on Monday named Richard Fisher, who recently retired from his post as head of the Federal Reserve Bank of Dallas, as senior adviser at the bank.

Solar Boom Clouds Auction of Australia Power Assets

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Rooftop solar power is taking off in Australia, undermining the prospects for the sale of a long-term lease on part of the electricity grid in New South Wales state.

Discovery Buys European Olympic Broadcast Rights

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Eurosport parent Discovery Communications reached a deal to pay €1.3 billion for exclusive European broadcast rights to the Olympic Games on all platforms for 2018 through 2024.

At Babcock & Wilcox, Big Risks Go Up in Smoke

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The split at power-plant builder Babcock & Wilcox shows how U.S. companies are tightening their focuses and scaling back riskier long-term bets in an era of activist shareholders demanding action to boost returns.

Caesars CEO Defends His Tenure

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Caesars Entertainment CEO Gary Loveman, who steps down Tuesday, built the casino company into the world’s largest before ultimately laying off thousands and overseeing the collapse of its main unit into bankruptcy.

Walt Disney to Merge Units for Interactive Media, Consumer Products

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Walt Disney Co. is merging Disney Interactive, which produces video games and online content, with Disney Consumer Products, which licenses and develops toys and other products based on the company’s intellectual property.

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