LightSquared Lost $81.4 Million in August

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LightSquared blew through $81.4 million in August, and Philip Falcone's wireless venture has now lost $1.6 billion since it filed for bankruptcy protection in May 2012.

Hyundai to Buy Gangnam Site

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Hyundai outbid Samsung with a $10.19 billion offer for land in Seoul's posh Gangnam district, sending the auto maker's shares down 9.2%.

The Musk Family Plan for Global Energy

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Tesla's Elon Musk and SolarCity's Lyndon Rive are cousins—and business partners. If they can achieve their shared vision, the result will be a transformation of the world's, or at least America's, energy infrastructure, Christopher Mims writes.

GM to Recall 3,200 Natural-Gas Vans

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General Motors Co. is recalling nearly 3,200 natural gas-powered vans over an increased risk of fire or explosions, U.S. safety regulators said.

Kroger Boosts Dividend 12%

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Kroger Co. said Thursday that it would boost its quarterly dividend 12%, as the grocery retailer continues to post strong earnings and sales growth on what it sees as improving consumer confidence.

Demand for ECB Loans Disappoints

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The European Central Bank's first offering of cheap, four-year loans to eurozone banks failed to generate as much interest as expected.

News Corp Criticizes Google for 'Piracy'

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Rupert Murdoch's News Corp weighed in on the debate over a proposed EU settlement with Google, urging Brussels to throw out the settlement and calling Google a "platform for piracy."

Hudson City Names New CEO Salamone Chairman

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Hudson City Bancorp said Thursday that its new chief executive, Denis J. Salamone, will also replace recently deceased CEO Ronald E. Hermance Jr. as chairman.

Stendra Gets FDA Approval as 'On-Demand' Drug

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Vivus Inc. and Auxilium Pharmaceuticals Inc. said the U.S. Food and Drug Administration approved erectile-dysfuntion drug Stendra as an "on-demand" treatment.

China Home Prices Weaken

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China's economically vital property market slid for a fourth straight month as more cities reported new-home prices fell in August and at a faster pace, adding to the gloom in the world's second-largest economy.

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