Chinese officials have ordered state-owned companies to meet with investment bankers to explore potential options to block BHP Billiton's $39 billion bid for Canada's Potash Corp, according to a source with direct knowledge of the matter.
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Dell Inc. declined to match Hewlett- Packard Co.’s $33-a-share offer for 3Par, ending a bidding war for the data-storage supplier that stretched into 18 days.
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Burger King Holdings Inc., the second-largest U.S. hamburger chain, is in talks with 3G Capital about a buyout, said a person familiar with the matter. The shares surged the most in more than four years.
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The outlook for the U.S. economy would have to deteriorate "appreciably" to spur fresh support from the Federal Reserve, minutes of the central bank's last policy meeting released on Tuesday said.
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Consumer spending in the U.S. rose more than forecast in July, exceeding gains in incomes and indicating the economy may avoid slipping back into a recession.
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Goutham Dindukurthi had already turned in a dozen essay questions as part of a job-application process when he received a message: “Sorry, we don’t hire international students.”
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The Obama administration plans to step up enforcement of trade laws against nations, such as China and Vietnam, that help subsidize companies exporting cheap goods to the U.S.
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Goldman Sachs Group Inc., the bank with the biggest trading profits on Wall Street, is losing market share underwriting corporate bonds as it seeks to boost its image as a company adviser rather than a $900 billion hedge fund.
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Housing led the U.S. out of seven of the last eight recessions. This time, it may kill the recovery.
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Companies sitting on almost $3 trillion in cash are starting to spend it, putting what is typically the slowest month for mergers and acquisitions on course to be the busiest this year.
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