Shippers Urge Alliance Approval

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Senior executives from container-shipping giants Maersk Line and Mediterranean Shipping flew to Washington last week to allay any doubts the Federal Maritime Commission may have over their proposed alliance.

The Musk Family Plan for Global Energy

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Tesla's Elon Musk and SolarCity's Lyndon Rive are cousins—and business partners. If they can achieve their shared vision, the result will be a transformation of energy infrastructure, Christopher Mims writes.

Nike Shareholders Concerned About Sponsorships

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Nike executives fielded concerns about risks in athletic endorsements at their annual shareholder meeting in the wake of several high-profile suspensions of sponsored athletes for violent behavior.

Bayer to Seek Plastics IPO

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Bayer plans to seek an initial public offering of stock for its plastics business and focus on the company's more profitable life-sciences operations.

Bass Pro Shops Hunts for Funds

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Bass Pro Shops, a retailer of fishing, hunting and other outdoor gear, has hired an investment bank and is considering various alternatives for raising funds, according to people familiar with the matter.

Clorox Names New CEO

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Clorox said Thursday Donald Knauss is stepping down as chief executive officer and will be replaced in that role by the company's chief operating officer, Benno Dorer.

Red Hat Profit Rises on Cloud Business

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Red Hat Inc. said its fiscal second-quarter profit rose 15% as the software company said strong business from its certified public cloud providers helped lead to higher-than-expected revenue.

Exxon, Linn Energy to Swap More Assets

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Exxon Mobil Corp. and Linn Energy LLC agreed to a non-monetary asset swap that will expand the presence of Exxon subsidiary XTO Energy Inc. in the Permian Basin and increase Linn's interests in California.

Texas Instruments Boosts Dividend 13%

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Texas Instruments said Thursday it will boost its quarterly dividend by 13% following improved margins and earnings growth in the semiconductor maker's recent quarters.

FedEx: Ruling May Impact Results

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FedEx said it is "reasonably possible" that an adverse court ruling regarding the classification of its workers last month could at some point have a material impact on its financial results.

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