Companies Curb Use of Outside Law Firms

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Many companies are cutting back on their use of outside law firms, and having staff attorneys handle midlevel deals or contracts.

Venture Capitalist Sounds Alarm on Silicon Valley Risk

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Silicon Valley may have taken on more risk than it can handle, according to prominent venture capitalist Bill Gurley, who cited potential cracks in the tech-startup investing scene.

Macquarie Expects Jump in Profit

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Macquarie, Australia's largest investment bank, has forecast a 25% to 30% jump in net profit in the first half of its fiscal year, compared with a year earlier, but a fall from a strong result in the preceding six-month period.

Long Legs for the Energy Boom

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The U.S. energy boom has lasted longer than anyone would have imagined a decade ago and has more room to run as oil and gas wells become more productive.

French Cable Operator Tries to Fend Off Netflix With New Service

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French cable operator Numericable Group SA on Monday will launch an offer to give subscribers free access to hundreds of TV series in a bid to counter the arrival of Netflix in France.

Heineken Rebuffs SABMiller Overture

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Heineken NV said Sunday that U.K.-based rival SABMiller PLC has approached it about being acquired but that Heineken's controlling family intends to keep the company independent.

Brazilian Tycoon Faces Criminal Charges

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Brazil's federal prosecutors have filed criminal charges against Brazilian businessman Eike Batista, compounding the legal woes of the once high-flying entrepreneur.

Proceedings: Highlights From the Law Blog

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California enacts a law to protect Yelp reviewers. Also, hints on the Apple Watch name and Justice Sotomayor warns about drones.

Sinopec to Sell Nearly 30% of Sales-and-Marketing Unit

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China's largest oil refiner intends to sell a nearly 30% stake in its sales-and-marketing unit to 25 investors for $17.5 billion, as Beijing injects private capital into state-owned enterprises to boost returns.

Chevron Shuts Pipeline After Accident

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Chevron Pipe Line Co. has halted some natural gas production in the Gulf of Mexico and shut down a pipeline that feeds the Henry Hub storage and delivery point in Louisiana in the wake of a deadly accident.

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