Sears Loan Highlights Pressure on Cash

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Even if Sears's asset sales go as planned, analysts say, it could come up short by the end of 2016.

Alibaba's IPO Priced at $68 a Share

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Alibaba's shares priced Thursday at $68, at the high end of expectations, in what is one of the world's largest initial public offerings ever.

Sony Plans to Turn Game Division Into Entertainment-Service Hub

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Faced with deep losses in its electronics business, Sony intends to develop a service to stream videogames onto smartphones, tablets and other devices from a range of manufacturers.

Oracle's Power-Sharing Challenge

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Power-sharing arrangements like the one at Oracle often spell trouble. Safra Catz and Mark Hurd were named co-chiefs Thursday as Larry Ellison stepped aside.

Oasis Beverages, TSG to Buy Pabst

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Russian brewer Oasis Beverages and TSG Consumer Partners are partnering to buy Pabst Brewing, according to people familiar with the matter.

Boeing Faces a Future Without Fighter Jets

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Aerospace giant Boeing is preparing to shift away from fighter jets as orders dry up, leaving a company with a rich military history without a fighter and ceding the market to Lockheed.

Newest iPhones Hit the Market Down Under

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Apple Inc. began sales of its newest iPhones Friday with consumers in Australia becoming the first globally to get their hands on them.

LightSquared Lost $81.4 Million in August

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LightSquared blew through $81.4 million in August, and Philip Falcone's wireless venture has now lost $1.6 billion since it filed for bankruptcy protection in May 2012.

Demand for ECB Loans Disappoints

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The European Central Bank's first offering of cheap, four-year loans to eurozone banks failed to generate as much interest as expected.

Regulators Probe Goldman's Internship for Brother of Libyan Ex-Official

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A yearslong probe of Goldman Sachs Group's ties to Libya's sovereign-wealth fund is focusing on an internship and other perks allegedly offered by the Wall Street bank to win business from the Gadhafi regime.

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