No Easy Way Forward for Markets

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The stock market has shifted to neutral, and investors don’t expect the rest of 2015 to be a joy ride.

Greece Defaults on IMF Loan

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Greece became the first advanced economy to default on loans from the IMF, despite Athens’s last-minute push for emergency aid.

ConAgra Plans to Exit Private Brands

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ConAgra Foods, under pressure from an activist investor, said it plans to jettison its struggling private-label business less than three years after spending $5 billion to buy it.

Donna Karan to Step Down as Chief Designer

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Donna Karan, one of the most influential shapers of contemporary American fashion, will step down as chief designer of her namesake company Donna Karan International.

China Shares Take a Breather

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China’s markets were roughly flat Wednesday as investors took stock of a choppy period of trading over the past two weeks that has rolled back some of the gains from a yearlong bull market.

Celgene Shoots for Moon With Juno

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Celgene’s new partnership with Juno is expensive, but the risk is well-considered.

Towers Watson Pays Willis's Insurance Premium

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Towers Watson has little justification in paying a premium to buy underperforming insurance broker Willis.

MasterCard Stops Processing Purchases of Backpage.com Ads

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MasterCard said it has stopped processing the purchase of ads on classified website backpage.com after receiving a request to do so from the sheriff in Cook County, Ill.

Banks Shrink Weapons Stockpiles

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Big-bank holdings of derivatives have fallen sharply in the years since the financial crisis.

Eccentric European Hotel Chain Says Hello to Hollywood

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A French boutique hotel brand known for outrageous flourishes is hoping its risqué formula can translate across the Atlantic, starting with the opening of its first U.S. property in Los Angeles.

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