Giant U.S. Pension Fund to Propose Shift Away From Stocks, Bonds

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The California State Teachers’ Retirement System, the nation’s second-largest pension fund, is considering a significant shift away from some stocks and bonds amid turbulent markets world-wide.

Sony Unveils Xperia Z5 Smartphone

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Sony has introduced a flagship smartphone that highlights improved camera functions to help feed the global self-photography craze and has the world’s first 4K ultra high-definition display to showcase its motion picture technology

Who Has Ruled Late-Night TV?

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When Stephen Colbert takes over “The Late Show” next week, he’ll be up against Jimmy Fallon of “The Tonight Show” in the network ratings race. For years, Jay Leno and David Letterman had battled it out for late-night viewers. See how the ratings dynamics have changed.

Tesco Nears $7 Billion Korea Deal

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Retailer Tesco has chosen Asian private-equity firm MBK Partners as the preferred bidder to buy its South Korea retail operations, in a deal that could be worth up to $7 billion.

Investors Betting on More ECB Stimulus

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Six months after the European Central Bank launched its blockbuster bond-buying program to rouse the region’s economy, some investors are betting that authorities will crank stimulus efforts even higher.

The Moment When Humans Matter

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A string of messy market openings in recent weeks has reinvigorated a debate about ‘Rule 48’ and the relative effectiveness of humans in the stock trade.

Lawyer in Visa-MasterCard Antitrust Pact Got Information From Rival

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Keila Ravelo, a lawyer who is at the center of a controversy surrounding a record-setting $6 billion antitrust settlement, acknowledged that she received confidential information from a rival lawyer to advise her client.

Oil Prices Turn Lower on Supply Data

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Oil prices turned lower on Wednesday after government data showed an unexpectedly large addition to U.S. crude stockpiles.

U.S. Productivity Increased at Fastest Pace Since 2013

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U.S. worker productivity grew much more than initially thought in the second quarter—at a 3.3% clip—reflecting a bounce back in economic activity following a slow start to 2015.

Private-Sector Jobs Rise Modestly

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Private-sector payrolls in August expanded at a more modest-than-expected clip, adding 190,000 jobs, according to an employment survey.

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