Twitter Aims to Be a Digital Watering Hole for Sports Fans

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Twitter is fast turning into a digital hangout for sports fans, striking deals with Major League Baseball and the National Hockey League to host live video of games.

Group Abandons Bid to Buy Out Baidu Video Unit

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A consortium led by Baidu’s chief executive dropped its $2.3 billion bid to buy out the search company’s video-streaming operation after investors criticized it as a sweetheart deal.

Redbox Owner Outerwall Agrees to Be Taken Private

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Outerwall agreed to be acquired by private-equity firm Apollo Global Management for roughly $895 million, which would take the owner of Redbox movie-rental kiosks private.

How Asia's Rich Are Hurting the Big Banks of Switzerland and Beyond

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A big drop in trading activity has hit results at Julius Baer and U.S. banks like Goldman Sachs in a bad sign for Credit Suisse.

Terror Weighs on Europe's Travel Industry

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A cascade of terrorist incidents is driving away tourists at the height of Europe’s summer rush, casting a pall over hotel chains, airlines and luxury retailers.

Sprint's Loss Widens

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Sprint on Monday reported its loss widened in the most recent quarter, though revenue slid less than expected.

'Pokémon Go' Surged by Building Community

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Columnist Christopher Mims writes that “Pokémon Go” became a monster hit by connecting people playing the game, even though it isn’t explicitly about bringing people together.

Best-Paid CEOs Lag in Results, Study Says

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The best-paid CEOs tend to run some of the worst-performing companies and vice versa, even when pay and performance are measured over the course of many years, according to a new study.

AMC, Carmike Agree to Sweetened Takeover Deal

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AMC Entertainment and Carmike Cinemas said they had agreed to a sweetened takeover deal at more than $800 million, after a vote to approve the deal was twice postponed.

LVMH Sells Donna Karan to G-III for $650 Million

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LVMH agreed to sell Donna Karan International to apparel company G-III for $650 million including debt—an unusual retreat for the French luxury giant from a major brand it tried for years to revive.

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