Home-Rental Site Xiaozhu.com's Valuation Tops $300 Million

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Chinese home-rental company Xiaozhu.com recently raised $60 million, the latest Chinese tech startup to tap investor interest in the growing “sharing” economy.

Home of Subway Pitchman Is Raided

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Law-enforcement officials raided the home of Subway pitchman Jared Fogle without saying why, placing a sudden, unwanted spotlight on the sandwich chain and raising the question of how closely brands should tie themselves to individual personalities.

Apple Music Review: Messy Yet Magical

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Despite glitches and a confusing interface, Apple Music stands to make as big an impact as the iPod, writes Joanna Stern.

Paradise Lost: Mounting Problems Stymie Baha Mar

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The opening of Baha Mar in the Bahamas was supposed to be a showpiece that would help China’s largest construction company win lucrative resort business across the U.S. But the $3.5 billion project has been beset with troubles.

Government Bonds in U.S., Germany, U.K. Rally on Global Uncertainties

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Fresh global jitters drove investors into the harbor of government bonds in the U.S., Germany and the U.K., sending benchmark 10-year yields in these countries to the lowest level in more than a month.

Trade Gap Widens as Overseas Headwinds Gather

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The U.S. trade gap expanded modestly in May due to a slowdown in exports, suggesting a stronger dollar and global turmoil will weigh on economic growth this year.

China Puts the Brakes on Commodities

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China is once again at the center of the commodities story, but not in a good way this time. The country’s stock-market slump and concern over Greece’s economic crisis have helped send commodities toward multiyear lows.

When Global Banking Standards Conflict With Local Needs

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Central banks in the developing world are caught in a dilemma between adhering to international banking standards and serving potential customers who are unable to meet those standards, as greater access to banking services becomes a mainstream policy goal.

Horizon Pharma at the Nexus of Taxes and Deals

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Horizon Pharma’s proposed acquisition of Depomed is the latest example of how companies that redomicile in lower-tax jurisdictions use this advantage in corporate takeovers.

U.S. Stocks Pare Losses

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U.S. stocks pared their sharpest losses Tuesday, as a selloff in commodities abated and investors kept an eye on the latest turns in a last-minute push to keep Greece in the eurozone.

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