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.

Lions Gate's CEO Paid $63.6 Million

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The CEO of movie studio Lions Gate Entertainment was paid $63.6 million for the fiscal year ended in March, according to a Securities and Exchange filing.

Argentina Teeters on Default as Talks Collapse

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Argentina teetered on the brink of its second default in 13 years after talks with bondholders collapsed late Wednesday. The setback, after glimmers of hope in recent days that an agreement could be reached, sent Argentine stocks plunging in after-hours trading.

Samsung's Mobile Chief Is in the Hot Seat

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The head of Samsung's mobile division, J.K. Shin, is facing pressure as weakening phone sales propel the company toward a third straight quarter of operating-profit declines.

Target Pays Up For New CEO

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Target is paying Brian Cornell, who is joining the company as CEO on Aug. 12, $19.3 million in equity grants to make up for what he's giving up at PepsiCo.

L-3 Records Charge for Accounting Problems

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L-3 Communications disclosed accounting irregularities linked to an aerospace logistics support contract and signaled it would take an initial $84 million pretax charge as it cut its full-year profit guidance.

U.S. Oil Exports Ready to Sail

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A tanker of oil from Texas set sail for South Korea, the first unrestricted sale of unrefined American oil since the 1970s.

Exxon's Profit Climbs; Results Beat

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Exxon said its second-quarter earnings rose 28% on strength in its exploration and refining segments, as higher prices helped offset lower production levels.

Blame It on the World Cup

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Companies selling TVs, sports drinks and snacks scored, but the makers of washing machines lost out.

Target Picks Pepsi Veteran as New CEO

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Target is bringing in PepsiCo executive Brian Cornell as its new CEO, turning to an outsider for the first time in its history to repair a battered corporate culture and navigate a sea change in shopping habits.

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