Canadian Railroads Look to Manage Congestion

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Canadian railroads have reduced the number of railcar orders farmers will be able to place this crop season in a bid to manage rail congestion.

China Cuts Interest Rates

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China cut lending rates for the first time in more than two years, in an acknowledgment that its piecemeal efforts to bolster its flagging growth have failed.

TV-Streaming Firm Aereo Files for Bankruptcy

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Internet-broadcast streaming company Aereo Inc. filed for bankruptcy protection five months after the Supreme Court delivered the technology a company a fatal blow in its fight with traditional television broadcasters.

European Telecoms' Merger Talk Reaches Fever Pitch

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Talk of mergers among European telecoms firms in France has been so intense that executives are openly joking about it.

Dow Chemical, Loeb Settle Board Dispute

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Dow Chemical and Dan Loeb’s Third Point settled a looming proxy fight Friday by adding four new directors next year, including two the activist investor had proposed.

Jana Partners Considers Nominating PetSmart Director Slate

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PetSmart Inc. shareholder Janan Partners, the hedge fund that has been pushing for a sale of the pet-goods retailer, said it is considering nominating five people to the company’s board.

GM Shifts Some Senior Managers

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General Motors is shifting some senior managers in moves that divide up global quality and customer-experience activities, as it continues to deal with a large vehicle recall over a defective ignition switch.

Sotheby's CEO to Step Down

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Sotheby’s CEO William F. Ruprecht is leaving, months after hedge-fund activist Dan Loeb and several others joined the auction house’s board.

Dillard's Sets $500 Million Buyback

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Dillard’s unveiled a $500 million stock buyback program Friday, a day after an activist investor began pushing for change at the department-store operator.

Carnival, Fincantieri Explore Possible Chinese Shipbuilding Venture

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Carnival and Italian cruise ship-building company Fincantieri are exploring the possibility of a joint venture in China to support the growth of the industry in that market.

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