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.

For Coke in U.S., No Opportunity Too Small

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Coca-Cola can no longer lean on its foreign markets for reliable growth, which means it must turn around its U.S. business. That won't be easy, as Americans are drinking less soda.

Darden Unveils $500 Million Buyback

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Darden Restaurants plans to repurchase $500 million in shares under an accelerated buyback program, using part of the proceeds of its Red Lobster sale to fund the deal.

Maruti Suzuki India To Invest on Expansion

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India's largest auto maker, Maruti Suzuki, plans to invest $667 million this fiscal year as it seeks to expand and introduce a number of new vehicles.

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.

Sanofi Forecasts Profit Spurt

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The French pharmaceutical group has raised its earnings outlook as it reported a jump in second-quarter profit on a strong showing by its biotech unit and stronger sales of diabetes treatments.

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.

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