Caesars Wins Bankruptcy Venue Fight

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Caesars Entertainment scored a victory in its bid to dig out from under $18.4 billion in debt through the bankruptcy of its main operating unit, when a judge in Delaware said its financial restructuring could proceed in Chicago.

Reynolds, Lorillard Holders Back Deal

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Shareholders of Reynolds American and Lorillard voted to approve Reynolds’ $25 billion acquisition of Lorillard; the deal still needs regulatory approval.

Uber Denied New Delhi Taxi License

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Uber’s application to be recognized as a radio-dispatched taxi company in Delhi has been rejected in the latest roadblock for the car-hailing company.

Qatar Set to Gain Control of Canary Wharf

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Qatar’s sovereign-wealth fund and Canadian investors Brookfield Property Partners are set to gain control of London’s Canary Wharf business district in a deal worth $3.94 billion.

IBM Cloud-Computing Executive Leaves

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Lance Crosby, an executive at International Business Machines Corp.’s cloud-computing unit, has left the company amid the computing giant’s push to become a top player in the fast-growing area.

Hedge Funds, Private Equity Win Big at TARP Auctions

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A government program to rid itself of TARP investments in small banks has proved a boon to hedge funds, private-equity and other private investors, according to a new watchdog report.

S&P, DOJ, States Close to $1.37 Billion Settlement

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S&P could strike a deal as early as Thursday to pay more than $1.37 billion to resolve crisis-era lawsuits with the Justice Department and more than a dozen states, according to people familiar with the situation.

Debt That Boosted Cities Now Hurts China

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Rampant borrowing by firms like Wuhan Urban, a local-government concern that funds development in dusty Wuhan city, is a big reason China’s debt load is expanding.

Apple Delivers Quarter for the Ages

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Apple surpassed even the most bullish Wall Street expectations for its holiday quarter with an improbable trifecta: selling 46% more iPhones at higher prices—and earning more on each sale.

Closing an Airport Security Gap

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A trio of recent incidents is fueling new scrutiny of U.S. airport security procedures that allow nearly a million workers nationwide access to airport facilities without routine screening.

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