Hotelier's Daring Letter to Chinese Premier Hits Home

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A frustrated Chinese hotelier who wrote a daring letter to the country’s prime minister comparing private companies to slaves has become an unlikely poster boy for Beijing’s efforts to overhaul its economy.

Dollar Extends Rally

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The dollar rallied into a fourth session on Wednesday as investors added to their bets that the U.S. recovery would push forward the timeline for higher borrowing costs.

Broadcom in Advanced Talks to Be Bought by Avago Tech

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Broadcom is in advanced talks to be bought by Avago Technologies, in what would be the latest in a recent string of mergers in the semiconductor industry.

Defense Says Dewey & LeBoeuf Emails Taken Out of Context

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If Dewey & LeBoeuf’s ex-CFO intended to commit fraud, he would have known better than to send allegedly incriminating emails on the law firm’s servers, an attorney for the former executive said.

Ignition-Switch Engineer to Face Plaintiffs Lawyers

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A former GM engineer who approved a faulty ignition switch tied to millions of recalled vehicles and more than 100 deaths is to be questioned next month by plaintiffs lawyers.

Antitrust Lawsuits Target Blue Cross and Blue Shield

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Lawsuits advancing in federal court in Alabama allege that the 37 independently owned Blue Cross and Blue Shield health insurers, which cover about a third of Americans, are functioning as an illegal cartel.

Haggle Over Salary? Not at These Firms

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Some startups adopt take-it-or-leave-it policy for starting salaries to foster transparency, fairness.

McDonald's to Stop Reporting Monthly Sales Data

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McDonald’s CEO said his turnaround plan will hinge on many small things, and the company plans to stop disclosing monthly sales figures beginning July 1.

GameStop Has More Lives Left

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Ahead of the Tape: GameStop’s used-videogame cash cow has lasted longer than pessimists predicted.

Ahold Emptying Till To Defend Market Share

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Ahold’s profitability is falling despite increasing sales. The price of defending its market share against discounters is unlikely to get much cheaper in the tie-up with Delhaize.

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