J.P. Morgan Expected to Lay Off More Than 5,000 by Next Year

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J.P. Morgan has begun layoffs that are expected to total more than 5,000 by next year, people familiar with the matter said. This latest phase of cuts started earlier this year and would eliminate at least 2% of the bank’s workforce.

Google Unveils Apple Pay Rival

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Google revised its mobile-payment service with new partners, stepping up competition with Apple in an area with big promise and multiple challenges.

Google Unveils Apple Pay Rival

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Google revised its mobile-payment service with new partners, stepping up competition with Apple in an area with big promise and multiple challenges.

Crosscurrents From the Windy City

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Ahead of the Tape: The Chicago Business Barometer gave what seems like a false recession alarm this winter. The question is why.

Avago Dives Deep With Broadcom

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Avago’s purchase of Broadcom comes with a hefty price tag. But the chip maker has shown can make deal-making work.

Libor Accused Received Help From Boss, Evidence Shows

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Tom Hayes, the former UBS trader accused of being the ringleader of a global interest-rate-rigging conspiracy, received a helping hand from his boss, according to evidence presented at his London trial on Thursday.

Stock Traders Pile In at Close

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The middle of the day has become awfully quiet on the U.S. stock market, as index funds and computer models push the action toward the end of the trading day.

Pressure Mounts on FIFA Head as Sponsors Wary

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FIFA’s embattled president faced pressure from multiple fronts, after soccer’s world governing body was plunged into crisis by a corruption scandal that prompted calls for his resignation.

Pending Home Sales Hit Nine-Year High

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A forward-looking gauge of U.S. home purchases rose for the fourth straight month in April and reached their highest level in nine years—the latest evidence of firming demand in the housing market.

Bond Yields' Broken Link with Growth

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April’s bond market squall has subsided. But by historical standards 10-year yields in the U.S., Germany and the U.K. remain extraordinarily low.

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