Alibaba Discusses Snapchat Stake

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Snapchat is in discussions to raise a new round of financing from Alibaba in a deal that could value the mobile-messaging app at about $10 billion.

Alberto Micalizzi: The Hedge Fund Academic Who Fell From Grace

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When Italian academic Alberto Micalizzi moved into the world of hedge funds, he was following a familiar path. But the move has ended badly.

Drug Firms Buy $67.5 Million Voucher to Speed FDA Review

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Regeneron Pharmaceuticals and Sanofi are spending $67.5 million to buy a special voucher held by BioMarin Pharmaceuticals in a bid to hasten regulatory review of their new cholesterol drug.

For Top Brokers, Junkets Make a Comeback

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Good-bye Detroit, hello Hawaii. With markets at record levels and wealth-management fees rising, Wall Street is once again sending top brokers to luxury destinations.

Brazil's Vale Hurt by Write-downs From Commodities Boom

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Brazilian mining company Vale SA reported lower-than-expected net profit in the second quarter as prices for iron ore fell to a four-year low and the company continued to write off assets.

Hyatt Profit Falls

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Hyatt Hotels Corp. said its second-quarter profit declined 34% as results were weighed down by expenses despite improvement in rates, occupancy and revenue.

McKesson Profit Falls, Despite Celesio Help

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McKesson Corp. said its fiscal first-quarter earnings fell 5% despite the drug wholesaler's strong revenue growth.

AB InBev Scores with World Cup

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Anheuser-Busch InBev reported that strong sales volume growth and cost cuts boosted net profit in the second quarter, driven in part by World Cup sales.

Boeing to Build New 787 Dreamliner in S. Carolina

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Boeing plans to build a new version of its flagship 787 Dreamliner jet exclusively at its nonunion factory in South Carolina.

Would you use a gender open restroom? (multiple stalls)
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