Bloomberg News

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Madoff Bankruptcy Costs Top $1 Billion Six Years After Fraud

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The cost of liquidating his defunct investment advisory firm to repay thousands of victims has topped $1 billion, though the con man’s former customers aren’t footing the bill.

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Obamacare Dental-Plan Error Has Republicans Seeking Details

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The accidental inclusion of 380,000 people in dental plans to enrollment figures under the Patient Protection and Affordable Care Act provided a new opening for critics.

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Vote In Switzerland To Abolish Tax Break For Rich Threatens Status

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Bankers and the government warn that imposing stricter taxes on the rich will crimp revenues, cut jobs and reduce Switzerland’s appeal.

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Schorsch Faces Challenges In Rebuilding Big Chunk Of His Fortune

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With part of Nicholas Schorsch’s real estate empire fracturing into warring factions, a chunk of his fortune may depend on his RCS Capital distancing itself from ARCP accounting problems.

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Citigroup Sustainable Biz Exec Dead, Throat Slashed, Say Reports

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A Citigroup managing director who was global head of environmental and social risk management was found dead in his New York apartment after suffering a neck wound.

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California Set To Take In $2 Billion More Revenue Than Forecast

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Through higher tax rates and a rainy-day reserve, California’s creditworthiness has improved more than any U.S. state since the recession ended in 2009.

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Ameriprise’s Columbia Joins Blackstone In Retail Hedge Fund Push

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The objective is modest volatility, downside-risk protection and diversification against the other assets in the portfolio, says Ameriprise's head of specialized strategies.

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Ex-Billionaire Wyly Bankruptcy Pits Church Against State

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Former billionaire Samuel Wyly’s Dallas church is taking on the might of the U.S. government for a scrap of the businessman’s remaining fortune.

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Billionaire Plans Cure For Blindness As He Approaches 90

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Alfred Mann spent $1 billion of his own money to get a breakthrough diabetes treatment approved by regulators. Now the 89-year-old Las Vegas billionaire wants to cure blindness.

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Munis Facing First Losses Of 2014 As Record Win Streak Imperiled

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The $3.7 trillion municipal market is on pace for its first monthly loss of 2014 and trailing gains in Treasuries amid a glut of issuance by states and localities.

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