Investors Warned on Carlyle Hedge Fund

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Carlyle’s $5 billion hedge-fund firm, Claren Road Asset Management, faces the prospect of withdrawals after an influential consultant advised clients who are invested in Claren Road to pull their money.

Teva's Allergan Deal Looks a Healthier Mouthful

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Teva’s $40.5 billion deal to buy Allergan’s generics business looks a lower risk option than its hostile pursuit of Mylan.

China Stock-Market Recovery Goes All Wobbly

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The dam Beijing hastily built to hold back the selloff has sprung a major leak.

A More Durable Spending Plan for Businesses

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Energy-sector weakness has weighed on business investment, but with the industry showing signs of stability, capital spending should pick up.

Lawyer Emails Put Visa, MasterCard Settlement at Risk

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The discovery of a trove of emails between two opposing lawyers is threatening to scuttle the $6 billion class-action antitrust settlement.

Procter & Gamble to Name David Taylor as CEO

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Procter & Gamble is expected to announce as early as Thursday that company veteran David Taylor will succeed CEO A.G. Lafley.

Federal Lawmakers Propose Credit Reporting Changes

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A group of Democratic lawmakers is proposing a bill that would make it easier for people who got rid of credit-card debt using bankruptcy to fix inaccurate credit reports.

Baidu Profit Rises 3.3%; Outlook Misses Analysts' Views

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Baidu Inc. said its second-quarter earnings rose 3.3% as revenue growth was mostly offset by the Chinese search-engine giant’s higher expenses.

Mylan's Deal Leverage Reveals Shift in Rules

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When Mylan moved its legal home to the Netherlands it gained not just tax savings, but a Dutch corporate rule book that gave it more levers to resist takeovers, such as Teva’s $40 billion proposal.

Fed Officials May Offer More Clarity on Rates

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Central bank officials are likely to emerge from their meeting Wednesday with short-term interest rates still pinned near zero, though they could send hints that they’re getting closer to raising the rates. Chairwoman Yellen has emphasized she expects higher U.S. borrowing costs before year-end.

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