Indian Firms Bypass Banks

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Issuance of commercial paper has surged in India as companies make an end run around banks, which have been slow to pass along central-bank rate cuts to customers.

Investors on Edge Ahead of Greek Referendum

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With opinion polls suggesting the vote on Greek austerity may be close, many investors are opting to ride out the storm and stick with their holdings of European stocks.

Barnes & Noble Names Boire as CEO of Retail Business

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Barnes & Noble Inc. named Sears Canada Chief Executive Ronald Boire to lead its retail business as the company readies for a spinoff of its college stores.

Justice Department Probes Airlines for Collusion

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The Justice Department is investigating whether U.S. airlines colluded on expansion plans, amid concerns from consumer advocates and politicians that the industry is trying to control capacity to keep airfares high.

ECB Dips Toe in Corporate Bond Pool

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Bonds of Italy’s Enel are on the ECB’s shopping list. Investors shouldn’t assume this prefaces mass corporate-bond buying.

Economists Tie Puerto Rico's Pain to U.S. Wage Standards

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Puerto Rico’s economic problems stem in some part, some economists say, from how the U.S. commonwealth has to operate under the same minimum-wage rules as the more prosperous 50 states.

U.S. Jobless Claims Rise to 281,000

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The number of Americans filing new claims for jobless benefits rose last week, but the level remains historically low.

H&M's Hem Has Further to Fall

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Fashion retailer H&M is looking to the U.S. and China for growth. But jaunts outside its European core markets could further weigh on gross margins.

BBC to Cut Over 1,000 Jobs

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The British Broadcasting Corp., the U.K.’s venerable state-funded broadcaster, said Thursday it is cutting more than 1,000 jobs to cope with the increasing migration of television viewers to the Internet.

Noble Group Distracted by Bonfire of Its Equity

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Noble Group has been busy buying back its beleaguered stock. That risks weakening the more important fight: defending its credit.

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