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.

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."

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.

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.

Investors Kill Shell-Woodside Deal

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Woodside Petroleum shareholders killed off a proposed $2.68 billion deal to buy most of Royal Dutch Shell's interest in the oil and gas producer, marking a rare display of minority investor power that could disrupt both companies' growth strategies.

No S'more Crises: Regulators Go to Camp

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To prepare for the next global financial crisis, nearly a dozen financial-sector overseers from across the world decamped to Yale University for the first-ever regulatory summer camp.

Energy Firms Get Tax Deferrals

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The U.S. energy boom is producing a little-noticed side effect: American oil and gas companies are paying less in federal income taxes, thanks to investment incentives.

Junk Bonds Sink on Fears Rally Will End as Economy Picks Up

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Investors retreated from risky corporate debt, sending prices tumbling and deepening fears of an end to a long rally in junk bonds.

Southwest, SeaWorld End Partnership

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Southwest Airlines and SeaWorld are terminating their 26-year-old marketing relationship, as the theme-park company faces pressure from animal-rights groups over the treatment of captive killer whales.

Chevron Posts Higher Earnings

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Chevron said asset sales and demand for crude oil boosted its second-quarter earnings, though crude oil production slipped.

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