Apple Pay Is Persuading People to Use a Mobile Wallet

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Apple’s Apple Pay payments service, now three months old, is making progress toward a goal that has eluded other mobile wallets: persuading people to use it.

Obama Administration Moves to Ban Drilling in Arctic Refuge

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The Obama administration is moving this week to designate areas of Alaska off limits to oil and natural gas drilling in its latest effort to bolster its environmental legacy.

Google, Cablevision Challenge Wireless Business Model

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Google and Cablevision Systems are preparing new cellphone services that would turn the wireless industry’s business model on its head, increasing pressure on companies already dealing with a price war.

D.R. Horton Results Top Expectations

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D.R. Horton said its profit rose a better-than-expected 16% in its December quarter as the company’s sales pace accelerates.

AT&T to Buy Nextel Mexico

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AT&T reached a deal with NII Holdings to buy Nextel Mexico for about $1.88 billion, the telecom giant’s latest big step into the Mexican market.

Roughnecks Make Hard Hats Their Canvas

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In the oil fields, where hard hats abound, so do hard-hat stickers, blue-collar badges of street cred that advertise everything from the wearer’s job experience and professional affiliations to favorite local eateries.

Thai Airways to Cut Routes

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Thai Airways unveiled a rehabilitation plan that calls for the troubled carrier to cut a tenth of its routes in a bid to cut costs and increase revenue.

Post to Buy MOM Brands for $1.15B

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Post Holdings Inc. has agreed to buy privately-held MOM Brands Co. for $1.15 billion in a deal that will add Malt-O-Meal and Frosted Mini Spooners to Post’s cache of cereal brands.

MeadWestvaco, RockTenn to Combine

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Packaging companies Rock-Tenn Co. and MeadWestvaco Corp. said they agreed to merge in a deal with a combined equity value of about $16 billion.

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