Hedge Funds With Greek Holdings Face Uncertain Wait

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Hedge funds managers with exposure to Greek stocks and warrants face an uncertain wait ahead of Sunday’s referendum, after being unable to get their money back or easily value their funds this week.

Iron Ore's Recovery Turns to Rust

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The iron-ore market is discovering why the archenemy of high commodity prices is, well, high commodity prices.

Eurozone Crisis Now Yields Windfall

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Away from Greece, the eurozone, and Germany in particular, is enjoying the benefit of ultra-low bond yields.

Jobs at a Crossroads: Hiring Up, Pay Flat

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The U.S. job market sits at a crossroads six years into a fitful economic expansion: Hiring is strong, but weak wage growth has failed to pull millions of would-be workers off the sidelines while prompting others to drop out of the labor force.

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.

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.

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.

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.

Airlines: A Justifiable Bet

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The Justice Department is probing airline expansion practices. But cheap valuations will allow shareholders to be patient.

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