Bloomberg News

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Billionaire Behind Florida’s Retiree Villages Dies

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H. Gary Morse, the billionaire builder of one of the world’s largest retirement communities, the Villages in central Florida, has died. He was 77.

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Ex-Contrarian Capital Executive Charged With Embezzling Millions

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Lawrence Herzing, the former controller of Contrarian Capital Management LLC, was arrested and charged with embezzling millions of dollars from the hedge fund, federal prosecutors said.

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Obamacare Faces New Threat As U.S. Supreme Court Weighs Appeal

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The fate of President Barack Obama’s health-care law is again in the hands of the U.S. Supreme Court.

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Fed Cites Improved Labor Market While Ending QE As Planned

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The Federal Reserve said it sees further improvement in the labor market while confirming it will end an asset-purchase program that has added $1.66 trillion to its balance sheet.

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Schorsch's ARCP Ousts CFO After Intentional, Uncorrected Accounting Errors

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American Realty Capital Properties Inc., the biggest U.S...

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Pimco Replaced By BlackRock, Loomis Sayles At Big Prudential Fund

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Pimco, seeking to stem redemptions after its co-founder Bill Gross left unexpectedly, was dropped as manager of a $6.16 billion strategy offered by a unit of Prudential Financial.

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Fed Decision Day Guide: A Focus On Low Inflation

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Here’s what to look for when the Federal Open Market Committee releases its policy statement at 2 p.m. today in Washington.

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Hartford Offers To Pay 13,500 Former Workers To Give Up Pensions

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The insurer offered voluntary lump-sum payments to about 13,500 workers who had left the company and hadn’t yet started receiving pension payments.

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Geithner's PE Fund Raises $4 Billion

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Warburg Pincus, the private-equity firm where former Treasury Secretary Tim Geithner is president, raised $4 billion in less than a year for its first fund dedicated to energy investments.

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Merrill Lynch Fined $6 Million For Short-Selling Violations

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Finra has fined Merrill Lynch for allowing short-sellers to dump stocks without making sure they had first arranged to borrow the shares.

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