Thaw Boosts Cuba-Asset Claims

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Now that the U.S. is moving to normalize relations with Cuba, the countries will have to deal with claims, valued at over $7 billion, from firms whose property was nationalized.

Tesco Faces Fresh Accounting Probe

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The U.K.’s Financial Reporting Council said it has launched an investigation into Tesco’s accounts for fiscal 2012, 2013 and 2014, following the recent accounting scandal at the supermarket chain.

American Apparel Weighs Buyout Offer

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American Apparel Inc. said Monday that it is considering an offer to sell itself at a premium of 31% to Friday’s close, while also announcing the appointment of its first female board chairwoman.

Ferrovial Drops Transfield Bid

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Ferrovial abandoned a takeover bid for Australia’s Transfield Services, a major setback in the Spanish construction company’s plan to compete for billions of dollars of new infrastructure projects Down Under.

Court Denies Family Dollar Shareholder Move

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A Delaware court has denied a motion brought by Family Dollar Stores Inc. shareholders to block Tuesday’s vote on the company’s proposed tie-up with Dollar Tree Inc.--a move intended to push the company to negotiate with rival Dollar General Corp.

Brazil's Rousseff Has No Plans to Change Management at Petrobras

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Brazilian President Dilma Rousseff said Monday she has no plans to make changes among the management at scandal-plagued state-controlled oil company Patroleo Brasileiro SA, or Petrobras.

Rosneft, Morgan Stanley Oil Business Deal Collapses

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Rosneft’s planned acquisition of Morgan Stanley’s oil-trading and storage business has collapsed after the companies failed to win regulatory approval, amid tensions between the governments of the U.S. and Russia.

Clashes Break Out Over Myanmar Copper Mine

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A woman was killed and dozens of others injured in clashes with police over a copper mine in central Myanmar, activists said, just after a state-run Chinese company said it would resume construction at the site.

FDA Oversight in the Internet Age

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An FDA rebuke of televised comments made by Aegerion’s CEO—which led the company to air a TV commercial correcting the statements—was prompted by complaints from a government drug reviewer, according to emails viewed by The Wall Street Journal.

Caesars Merger Seen Aiding Debt

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Caesars Entertainment agreed to acquire affiliate Caesars Acquisition in a stock-for-stock merger that will better position the $18.4 billion debt load of its largest unit.

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