Citigroup Is the Last of the Cheap Banks

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Citigroup is the last major bank trading at an ultracheap valuation.

Baidu CEO Gets Management Help

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China Circuit columnist Li Yuan says Baidu’s CEO is getting management help with a new president, Qi Lu, a former Microsoft executive.

The Government's 11th-Hour Push for Fair Pay

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In the waning hours of the Obama administration, the U.S. Labor Department has filed suits against federal contractors Oracle and J.P. Morgan Chase alleging that some employees weren’t paid fairly.

FCC's TV Airwaves Auction Nears End With About $18 Billion in Bids

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The Federal Communications Commission’s auction of television airwaves is wrapping up after attracting about $18.2 billion in bids, far less than the last sale of government licenses amid weaker demand.

Judge Approves Hanjin Container Terminal Sale

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Hanjin Shipping Co. won U.S. bankruptcy court approval for a hotly contested sale of the shipper’s stake in a Long Beach, Calif., container terminal operator, after a judge overruled objections from a group of U.S. creditors.

Financial Crisis, Regulatory Agenda Shaped Obama's Economic Legacy

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President Barack Obama took office in the middle of a financial crisis with Corporate America hemorrhaging jobs. He leaves with stocks near record highs and 75 straight months of job creation. Yet his economic legacy is marred by a long run of slow wage growth, low worker productivity and the slowest economic expansion in post-World War II history.

Commerce Secretary Nominee Wilbur Ross Takes on China in Hearing

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Wilbur Ross, the billionaire investor tapped by President-elect Donald Trump to serve as his commerce secretary, on Wednesday took the incoming administration’s tough-on-China trade talk to Capitol Hill.

Netflix Posts Strong Subscriber Growth

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Netflix Inc.’s strong subscriber growth in the latest quarter helped the streaming-video giant cap its best year in subscriber additions with 19 million new members.

Court Denies Arrest Warrant for Samsung Heir Lee Jae-yong

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A South Korean court denied an arrest warrant for Lee Jae-yong, the scion of the Samsung conglomerate, for his alleged involvement in a national corruption scandal.

Yellen Says Nonpartisan Fed Will Focus on the Economy

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Federal Reserve Chairwoman Janet Yellen defended the central bank’s mission as a nonpartisan institution devoted to fostering a healthy economy free from short-term political pressures.

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