Elite Law Firms Lift Year-End Bonuses

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Three big law firms, Simpson Thacher, Paul Weiss and Clearly Gottlieb, are raising year-end bonuses for associate attorneys by as much as $40,000, partly reflecting this year’s resurgence in lucrative M&A work.

European Telecoms Bet on 4G

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Iliad and other European telecom groups are rushing to invest in data-handling capabilities and faster fourth-generation wireless networks, as consumers use their phones more as devices for messaging apps and video.

The Trouble With Trustees

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Beneficiaries can clash with the people who oversee a trust. Here’s how to manage a delicate relationship.

FCC Hoping Its Net Neutrality Rules Survive Inevitable Litigation

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The chairman of the FCC said the agency is trying to draw up rules on how broadband Internet providers treat traffic on their networks, while attempting to ensure that the rules can stand up in court.

TV-Streaming Firm Aereo Files for Bankruptcy

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

Oil Boom Returns to Gulf of Mexico

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Four years after the Deepwater Horizon disaster, giant new oil projects are returning to the Gulf of Mexico—bigger and more expensive than ever.

Foot Locker Posts Higher Profits, Sales

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Foot Locker posted higher profits and sales but reported challenges in athletic apparel as competition to meet shoppers’ growing desire for workout clothes and training gear heats up.

Aviva Plans to Buy Friends Life Group

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Aviva PLC announced plans for a £5.6 billion takeover of Friends Life Group in an all-share deal that it said would create the largest insurance, savings and asset-management company in the U.K.

Oil Rigs Return to Gulf of Mexico

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Four years after the Deepwater Horizon disaster, giant new oil projects are returning to the Gulf of Mexico—bigger and more expensive than ever.

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.

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