Fed Launches Review of Practices for Supervising Big Banks

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The Federal Reserve launched a sweeping review of its practices for supervising big banks, a move that comes in response to accusations its internal culture can stifle dissent.

Best Buy Sales Bounce Back

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Best Buy Co. said sales grew at the fastest rate in four years, helped by a more disciplined approach to discounting, greater investment by suppliers in its stores and strong demand for the new iPhone.

Inside Apple's Broken Sapphire Factory

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The $1 billion plan by Apple and unproven contractor GT Advanced Technologies to make superhard iPhone screens was troubled from the start, a rare misstep for the world’s most valuable company.

NHTSA Slams Chrysler's Jeep Recall Response

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U.S. safety regulators have sent a letter to Chrysler Group’s chief executive demanding that the company “get their act in gear” on repairs to 1.56 million older-model Jeeps linked to fuel-tank fires and recalled last year.

Chinese Transform Greek Port, Winning Over Critics

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China Overseas Shipping Group’s investment in the port of Piraeus outside of Athens ranks as one of the most successful Greek privatizations in recent decades. Cosco’s container terminal has created 1,000 jobs, and the port is now one of the fastest-growing in the Mediterranean.

CIM Group to Take Control Trump SoHo

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Real-estate investor CIM Group, a lender to the developers of New York’s Trump SoHo hotel and condominium, on Thursday won a foreclosure auction that will allow it to own the property, a CIM executive said.

AT&T to Settle Hazardous Waste Allegations

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AT&T has agreed to pay $23.8 million and strengthen environmental policies to settle allegations it illegally dumped electronic waste in California.

CBS News Chief to Step Down

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CBS said Jeff Fager has decided to step down as chairman of CBS News and return to his role as executive producer of the newsmagazine program “60 Minutes.”

Wynn Resorts Probed on Money-Laundering Controls

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Federal authorities are investigating whether casino operator Wynn Resorts violated money-laundering laws, according to people familiar with the matter.

Perry Ellis Defends Recent Performance

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Perry Ellis defended its track record, amid growing shareholder pressure, saying it remains confident in its recent efforts to improve its performance.

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