Elite Law Firms Lift Bonuses

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Three big law firms, Simpson Thacher, Paul Weiss and Clearly Gottlieb, are raising year-end bonuses for associate attorneys by as much as $40,000, partly reflecting this year’s resurgence in lucrative M&A work.

Oil Boom Returns to Gulf of Mexico

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Four years after the Deepwater Horizon disaster, giant new oil projects are returning to the Gulf of Mexico—bigger and more expensive than ever.

Christie's Hong Kong Sale Hits $82 Million

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Buyers snapped up works by Japanese and Southeast Asian artists at Christie’s evening sale in Hong Kong totaling $82 million.

Record Bids in U.S. Airwave Auction

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A U.S. auction of wireless spectrum has collected $34 billion in bids, turning what was expected to be a relatively sleepy affair into a major windfall for taxpayers and posing enormous commitment of capital for the carriers.

Pressing a Google Breakup

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Some European legislators, with German government backing, are preparing a draft resolution calling for the breakup of Google, adding pressure on the EU’s new competition chief to proceed forcefully.

Is This Indonesia's Amazon.com?

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Online retailer Lazada Indonesia has faced challenges in a country where the e-commerce market is still small. But the startup’s backers are plowing ahead, hoping to get a head start over Amazon, Alibaba and eBay.

BMW and Lexus Heat Up the Compact-Crossover Market

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The growth in the compact-crossover sector is explosive. These cars offer the raised seating position and higher sightlines consumers love with the stability and versatility of a car-based wagon. Now, BMW and Lexus are entering the market in a big way.

The Rules on Capital-Loss Deductions

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You typically can deduct as much as $3,000 a year in capital losses from your ordinary income. You can carry unused deductions into subsequent years until they’re used up.

After a Good Start, Health Enrollment Faces Test

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The second year of Affordable Care Act insurance enrollment began without the widespread technical meltdowns that frustrated consumers last year, but the next few weeks will test whether HealthCare.gov can continue to operate reliably.

Honda in Talks on Air-Bag Fix

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Honda is in talks with several air-bag suppliers besides Takata about securing replacement parts for vehicles recalled over defective Takata-made air bags, people knowledgeable about the matter said.

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