Clouds Hang Over Strong Quarter for Banks

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Banks may not be finished tightening their belts, with low interest rates likely continuing to squeeze the profitability of lending and trading remaining a volatile source of revenue.

'Fury' Chases Away 'Gone Girl' at Box Office

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Brad Pitt’s World War II drama took in $23.5 million, leading a cluster of weak debuts for several new films.

Comings & Goings: News Digest

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Denis McInerney, a lawyer recruited to oversee the Justice Department’s fraud section after the financial crisis, is returning to private practice at Davis Polk.

Partner Exits Magnify Woes of Destabilized Law Firms

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Rainmaking attorneys at troubled law firms are tempting targets for poaching. But raids of key lawyers or practice groups can further destabilize struggling firms.

Solid Profits Expected for U.S. Airlines

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A flock of U.S. airlines is expected to report strong quarterly profits, following the lead of Delta Air. Carriers’ share prices, however, have been battered by concerns from a global economic slowdown to Ebola.

Ex-CFOs Defamation Suit Shows Walgreen in Tumult

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A defamation suit against Walgreen by its former CFO paints a picture of the rough and tumble maneuverings inside a company grappling with disappointing earnings, activist hedge funds and a major deal.

Big Chains Put a Lock on First-Run Movies

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Multiplex movie chains are more frequently gaining exclusivity of new releases in certain areas, shutting out independent theaters.

Ally Earns Profit for Taxpayers in Unlikely Turnaround

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Nearly six years after its near-death experience, Ally Financial Inc. is nearly out from the U.S. government’s clutches, and taxpayers are earning a profit of more than $1 billion as the firm heads out the door.

Wal-Mart's Mexico Chief to Step Down

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The Mexican unit of Wal-Mart Stores said its chief executive plans to step down in 2015, as Wal-Mart struggles to boost sales and customer traffic in one of its largest international markets.

California Aims to Lure Movie Industry Back

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California is hoping to conjure some real-life jobs in the smoke-and-mirrors world of visual effects for movies and television shows—part of the state’s latest attempt to win back its most famous industry.

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