Behind the Hiring of a CEO's Daughter by Banks Angling for China IPO

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As banks angled to participate in the IPO of China's Tianhe Chemicals, three of them—UBS, Investec and J.P. Morgan Chase—hired the daughter of the CEO.

Can You Afford to Leap Into Early Retirement?

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The five-year rally in stocks has bolstered workers' nest eggs. But consider these six issues first.

USDA Overhauls Poultry-Inspection System

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The U.S. Department of Agriculture unveiled on Thursday the first major overhaul of the nation's poultry-inspection system in more than fifty years.

Espírito Santo Financière Files for Creditor Protection

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Espírito Santo Financière SA, another entity of troubled Portuguese conglomerate Espírito Santo International SA that has exposed the country's second largest lender to big losses, has filed for creditor protection in Luxembourg.

ISDA Rules Argentina Default Is 'Credit Event'

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The ISDA ruled Friday that sellers of credit default swaps tied to Argentine sovereign debt must pay buyers, judging the nation's failure to pay bondholders Wednesday a "credit event."

Michael Kors: Popular or Overexposed?

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Sales at Michael Kors Holdings, a maker of "affordable luxury" handbags, have outpaced competitors for years and its profits have soared. But some on Wall Street worry that the company has expanded too fast and that discounts are rising at department stores

Allergan Questions Ties Between Valeant, Pershing

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Allergan filed a lawsuit claiming Valeant Pharmaceuticals, investor William Ackman and his firm Pershing Square violated securities laws prohibiting insider trading, among other things, in the companies' ongoing takeover battle.

Fiat Shareholders Approve Reorganization

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Fiat shareholders approved a reorganization that opens the way for the Italian car maker that owns Chrysler Group to move its headquarters to the Netherlands, its tax domicile to the U.K. and list its shares in New York.

ArcelorMittal Returns to Profit

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ArcelorMittal posted its first quarterly profit in two years, reaping benefits from cost cuts in Europe and a resurgence in U.S. steel demand, but warned a sharp drop in iron ore prices would reduce its outlook for full-year earnings.

Vi-Jon Is Up for Sale

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The private-equity firm Berkshire Partners has put Vi-Jon Inc., a maker of private label personal-care products, up for sale, hiring William Blair and Piper Jaffray to run the process.

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