Don't Bank on Freddie's Guarantee

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Freddie Mac’s big profit masked small earnings in its core business.

Bird in Regeneron's Hand Is Enough

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Strong Eylea sales sent Regeneron stock—and future expectations—ever higher.

Paring Sprint's Subscriber Gains

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Sprint’s fiscal first-quarter results showed better subscriber numbers and churn, but the company’s fundamental challenges remain.

Shire's Blind Test With Baxalta

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Shire is venturing into bigger, riskier deal making with its $31 billion unsolicited bid to buy U.S. biotech Baxalta.

Soros's Investment Chief to Depart

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Scott Bessent will start his own hedge-fund firm, with a $2 billion investment from Soros Fund Management.

Chesapeake Energy's Moody Shareholders

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The market’s reaction to Chesapeake Energy’s dividend cut has provided a buying opportunity and potentially makes the company attractive to an acquirer.

Judge Rejects Proposed Settlement Between AmEx and Merchants

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A federal judge rejected a proposed $79 million class-action settlement between American Express and a group of merchants, citing a recent discovery that two opposing lawyers in the case had exchanged confidential documents.

Shire Mounts $30.6 Billion Bid for Biotech

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Shire made an unsolicited $30.6 billion offer for rare-disease treatment maker Baxalta, becoming the latest deal-hungry company refusing to take “no” for an answer amid the current deal boom.

Etsy Shares Fall, as Expenses Hamper Results

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Etsy Inc., an online marketplace for handmade and vintage goods, saw its second-quarter loss sharply widened, as higher expenses hampered results.

Obama Fed Pick Plans Unpaid Leave From Michigan Job

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Federal Reserve Board of Governors nominee Kathryn Dominguez said that if confirmed she plans to take an unpaid leave of absence from her job as a professor at the University of Michigan.

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