CVS to Buy Omnicare for $10.4 Billion

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CVS Health agreed to buy pharmacy-services provider Omnicare for $10.4 billion, strengthening its role as a dispenser of expensive prescription drugs.

Rise in Inequality Hurts Economic Growth

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Two-fifths of the population of developed countries have gained little over recent decades, driving a rise in income inequality that is damaging economic growth, the OECD said.

Hyatt Invests in Home Rentals Firm

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Hotel operator Hyatt takes a stake in a company that books short-term stays at high-end homes in London, New York, Paris and Los Angeles, a business that challenges traditional lodging companies.

Farm Bust Puts Deere in the Headlights

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Ahead of the Tape: A reliance on farmers helped Deere until recently, but has come back to haunt it.

Chicago Shuns Moody's for Debt Rating

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Chicago didn’t hire Moody’s Investors Service, which downgraded the city’s bonds to junk status last week, to rate a refinancing of existing debt.

Health Insurers Seek Hefty Rate Boosts

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Major insurers in some states propose substantial rate increases for plans sold under the federal health law, setting the stage for an intense debate over the law’s impact.

U.S. Existing-Home Sales Decline 3.3% in April

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Sales of previously owned homes fell in April after surging the previous month, highlighting the fits and starts that have been a hallmark of the housing recovery.

New York to Unveil Fresh Bitcoin Licensing Rules

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New York’s top financial regulator, Benjamin M. Lawsky will soon unveil a set of new licensing rules that could have long-lasting effects on businesses using bitcoin and other virtual currencies.

Selling the Dream at Salesforce

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Rapid, if expensive, growth keeps cloud pioneer Salesforce on top. That actually makes a deal look less likely.

U.S. Jobless Claims Point to Growing Labor Market

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The number of Americans applying for first-time unemployment benefits rose last week but remained at a low level.

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