Bloomberg News

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Obama Veto Threat On Tax-Break Bill Deepens Rift Among Democrats

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President Barack Obama’s threatened veto of a $400 billion-plus tax-break bill that would permanently extend some tax breaks but not others.

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The $10 Million Home Has Never Been Hotter

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As the U.S. housing market cools from last year’s overheated state, sales of homes at the top haven't been following the same script. Prices and sales at the upper reaches are soaring.

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Exxon Investors Demand Dividend Boost In Lieu Of New Oilfields

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Activist investors demanded the world’s biggest energy company give cash to shareholders rather than invest in costly, new carbon-intensive oilfields.

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South African Billionaire Turns Master Chef Of $5.7 Billion Deal

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The billionaire owner of South African clothes retailer Pepkor Holdings Pty Ltd. agreed to sell to Steinhoff International Holdings Ltd...

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Rockefeller Family To Vacate 30 Rock

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Descendants of John D. Rockefeller Jr. will vacate office space at 30 Rockefeller Plaza that the family has occupied for more than 80 years.

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U.S. Treasury Secretary: Tax Breaks Irresponsible

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Secretary Lew called a potential agreement to revive and extend lapsed tax breaks “fiscally irresponsible,” casting uncertainty over year-end negotiations in Congress.

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Mellon Estate Sale Fetches $218 Million, Led By Rothkos, Rabbit

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More than 1,500 objects belonging to late socialite Rachel “Bunny” Lambert Mellon have been auctioned off, including a blue diamond that sold for $32.6 million.

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1,000-Calorie Popcorn Tubs Get Labels Under U.S. Rules

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Americans are about to know just how guilty to feel about that large popcorn at the movie theater.

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Gundlach: Yield Curve Could Flatten At An 'Unthinkable' Level

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Jeffrey Gundlach, the CEO and CIO of DoubleLine Capital, said the U.S. Treasury yield curve could flatten at an "unthinkable" level next year.

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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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