Towers Watson Pays Willis's Insurance Premium

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Towers Watson has little justification in paying a premium to buy underperforming insurance broker Willis.

MasterCard Stops Processing Purchases of Backpage.com Ads

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MasterCard said it has stopped processing the purchase of ads on classified website backpage.com after receiving a request to do so from the sheriff in Cook County, Ill.

Banks Shrink Weapons Stockpiles

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Big-bank holdings of derivatives have fallen sharply in the years since the financial crisis.

Eccentric European Hotel Chain Says Hello to Hollywood

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A French boutique hotel brand known for outrageous flourishes is hoping its risqué formula can translate across the Atlantic, starting with the opening of its first U.S. property in Los Angeles.

Puerto Rico Utility, Creditors Close to Deal to Avoid Default

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The Puerto Rico Electric Power Authority and its creditors were close to a deal that would allow the cash-strapped utility to pay more than $400 million to bondholders, staving off what investors feared might be the first default of many from the U.S. commonwealth.

Don't Look for Paychex to Bounce

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Ahead of the Tape: Quarterly results from the payroll-services firm will likely reflect the lackluster and inconsistent spring seen by many small businesses.

Two Uber Executives Indicted in France

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French prosecutors have ordered two top Uber executives to stand trial on charges they enabled nonprofessional drivers to operate illegal taxi services.

Apple Loses Federal Appeal in E-Books Case

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A federal appeals court upheld a 2013 decision finding Apple Inc. liable for conspiring with publishers to raise the price of e-books.

Tesla Owners Gripe Over Recharge Waits

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Complaints about long lines at Tesla’s free recharging stations have the electric-vehicle company chastising frequent users.

Goldman to Pay $7 Million Over Options Glitch

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Goldman agreed to pay $7 million to settle charges that it failed to prevent a technical glitch that sent out thousands of erroneous trades in August 2013.

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