Microsoft to Streamline Smartphone Business

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Microsoft will lay off 1,850 workers and take an impairment and restructuring charge of approximately $950 million as it takes further step in dismantling the mobile-phone operations it acquired from Nokia.

Terror Attacks, Air Crashes Weaken Appetite for European Travel

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A spate of terror attacks and airliner disasters across Europe and its periphery is starting to catch up with the region’s travel industry.

Chevron-led Consortium to Invest Up To $37 Billion in Kazakh Oil Field

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Investment represents one of the first big commitments by a large oil company to spend on new crude production following a two-year-long slump in oil prices.

Toyota and Uber Reach Investment, Lease Partnership

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Toyota said it had invested in Uber Technologies as part of a strategic alliance aimed at getting more drivers on the ride-hailing service.

Monsanto Rejects Bayer Merger Bid, Will Weigh Talks

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Monsanto rejected Bayer’s $62 billion takeover offer, saying the biotech seed giant’s business merited a higher price, though Monsanto said it remains open to further talks on a deal.

Auto, Mortgage Delinquencies Rise in Energy Regions

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The New York Fed’s quarterly report on household debt and credit found rising auto and mortgage delinquencies in the U.S. counties that had the highest employment in the oil and gas industry, even as the national picture continues its gradual improvement.

More Young Adults Living With Parents Than a Romantic Partner

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For the first time in the modern era, young adults are more likely to live with their parents than with a spouse or partner, according to a new study by Pew Research Center.

Redstone Taps New Stewards

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Sumner Redstone has appointed three new stewards of his media holdings, after dismissing top associates from those duties last week.

Will Fannie and Freddie Need Another Bailout?

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The core businesses of the mortgage-finance companies are remarkably healthy. But a mix of accounting and politics could cause one or both to need another taxpayer bailout.

The Libor Mess: How It Will Hit Bank Profits

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The threat of big settlements in Libor litigation may weigh on the earnings of J.P. Morgan, Citigroup and Bank of America.

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