Wells Fargo Seeks to Boost Asset-Management Business

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Wells Fargo is aiming to double the size of its asset-management unit to $1 trillion over the next decade through acquisitions and more aggressive sales to big investors, according to executives carrying out the plan.

Staples Pushes Turnaround as Sales Fall

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Staples said its profit and sales declined, while the struggling office-supplies retailer pushed ahead in its plans to close underperforming stores and spark sales growth online.

BP Hires 'Lower 48' Chief

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The move is part of BP's plan to restructure its shale-focused U.S. assets in response to the difficulties that it and other big oil companies have had profiting from the shale boom in the country.

Macy's Reaches Settlement on Racial Profiling Allegations

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Macy's Inc. agreed to pay $650,000 in a settlement with the New York State Office of the Attorney General related to allegations of racial profiling at its New York stores.

Europe to Launch Its Own GPS Satellites

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Europe is slated to launch the first of a new generation of global-positioning satellites seeking to divorce itself from reliance on the Pentagon's GPS constellation, the backbone of global commerce.

One More Wrinkle in Battle for Botox Firm Allergan

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Allergan approached Salix Pharmaceuticals and at least one other company about a potential acquisition, as the Botox maker seeks to fend off a $53 billion hostile takeover from Valeant Pharmaceuticals.

Ballmer Steps Down From Microsoft Board

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Former Microsoft CEO Steve Ballmer quit his post as a company director after 14 years, giving new CEO Satya Nadella an even freer hand to reshape the company.

Home Depot's Profit, Outlook Rise

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Home Depot posted strong foot traffic and growth in sales of higher-end items in the most recent quarter, making it one of only a few retailers to raise its full-year profit forecast so far this quarter.

Canada Agency Issues Two Rail-Safety Recommendations

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Canada's transportation safety agency blamed a devastating oil-train derailment in Quebec last year on a host of factors and issued two new safety recommendations.

Broken Commitment Ruined Vascular Biogenics IPO

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Vascular Biogenics' shares had been trading for six days when its IPO was canceled and all those trades undone. The reason: A condition outlined in its prospectus wasn't met.

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