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WSJ.com: US Business
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US Business
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Nasdaq Acknowledges Troubles With Facebook Deal
Robert Greifeld, chief executive of Nasdaq OMX Group, acknowledged design problems with Nasdaq's technology after the exchange operator was widely seen as bungling the landmark listing of shares of Facebook Friday.
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Europe's Banks Fear Flight of Deposits
The European Continent's financial system remains vulnerable to the prospect that stampedes of customers could yank their deposits from institutions perceived as shaky.
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Saudi Oil Output Surpasses Russia
Oil production in Saudi Arabia rose to 9.923 million barrels a day in March, from 9.853 million barrels a day in February, overtaking Russia as the world's largest producer for the first time in six years.
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Queensland Scales Back Coal Project
The Queensland government withdrew its support for a $9 billion coal-port expansion in the northern part of the state, in a sign Australia's resources boom is losing steam.
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Chesapeake Cuts Pay, Travel for Board
Chesapeake Energy said board members will take a 20% pay cut and no longer have personal use of company aircraft, the latest move by the embattled natural-gas company to placate critics.
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Launch Aborted Over Faulty Valve
Space Exploration Technologies said a faulty engine valve was the culprit behind Saturday's aborted launch of the first private spacecraft aiming to dock with the international space station.
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Seaway Oil Pipeline Starts First Flow
Enterprise Products Partners and Enbridge said Saturday that the Seaway pipeline has started to accept crude oil at the Cushing, Okla. storage hub for delivery to the U.S. Gulf Coast.
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Dewey Closer to Bankruptcy Filing
Dewey & LeBoeuf is readying a possible bankruptcy-protection filing for sometime in the next several weeks, a move that would initiate official liquidation of the beleaguered New York law firm.
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