Luxe Valet to Convert Contract Workers to Employees

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On-demand valet-parking service Luxe Valet is the latest tech startup to convert its independent contractors to employees with benefits.

Gilead: the Apple of the Biotech World

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Gilead faces short-term challenges as its hepatitis C franchise slows. But the stock is a rare example of biotech value.

As China's Stock Market Boils, Yuan Will Stay Cool

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A weaker yuan may make economic sense, but Beijing can hardly afford a bout of currency weakness on top of everything else.

Facebook Revenue Rises 39%

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Facebook posted a 39% rise in second-quarter revenue, a sign that deep-pocketed big brands are spending more to advertise across the social network. But expenses grew even faster, rocketing up 82%.

Marketers Use Metal to Talk Tough

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Metals and elements permeate language, but the gold standard is constantly changing. These days, the use of metallic adjectives is more popular than ever, as makers of cars and airplanes tinker with alloys.

Singapore Sovereign-Wealth Fund Expects Lower Returns

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Singapore’s sovereign-wealth fund warns that it expects lower returns over the next five to 10 years because of the stalled global economy.

Jane Birkin Asks Hermès to Remove Name from Handbags

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British actress Jane Birkin has asked Hermès International to remove her name from its iconic Birkin bags made with crocodile skin, objecting to what she said were cruel methods used on farms that raise the reptiles.

China's Thumb on Fed Rate-Rise Scale

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The Federal Reserve is trying to balance the outlook for jobs and inflation as it considers a rate increase. China’s market turmoil could weigh on its deliberations.

Dry Bulk Shipping Outlook Improving, Macquarie Says

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The analysts say the tanker operators have kept capacity in check, helping their financial results amid a slow recovery in iron ore markets

Apollo Global Reports Lower Earnings

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Apollo Global Management said Wednesday that its second-quarter earnings fell 21% on a sharp decline in deal profits.

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