Lloyds Bank Retail Sale to Yield Political Dividends

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Government plans to sell Lloyds shares to the public will mean financial gains for a lucky few but political insurance for the bank.

Troubling Lessons in China's Crumbling Stock Market

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The bubble’s deflation shows China’s reputation for omnipotence in economic matters is hardly unassailable.

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.

Germany's K+S Rebuffs Potash Takeover

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German salt and fertilizer company K+S AG rejected a takeover approach worth $8.75 billion by rival Potash Corp. of Saskatchewan, saying the proposal undervalued the company.

Activism-Defense Specialist Leaving Goldman Sachs

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Activism-defense specialist William Anderson is leaving Goldman Sachs for Evercore Partners, according to people familiar with the matter.

Regulators Warn Banks on Loans to Oil, Gas Producers

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U.S. regulators are sounding the alarm about banks’ exposure to oil and gas producers, a move that could limit their ability to lend to companies battered by a yearlong slump in prices.

BP to Pay $18.7 Billion to Settle Deepwater Horizon Spill Claims

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BP agreed to pay $18.7 billion over 18 years to settle all federal and state claims arising from 2010’s Deepwater Horizon oil spill, including the biggest pollution penalty in U.S. history.

Vertex's $259,000 Cystic Fibrosis Drug Approved

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Vertex’s cystic-fibrosis drug Orkambi, which treats the most common mutation of the disease, received U.S. regulatory approval on Thursday.

AIG a Wallflower at Insurer-Merger Dance

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The acquisition of Chubb by ACE likely signals the start of a merger rush for U.S. insurers. AIG isn’t likely to join in.

Jobs Gains Don't Ease Spending Strains

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An improving job market is giving Americans the wherewithal to keep buying more. But things aren’t so good that spending is about to really rip.

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