Bloomberg News

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MetLife Says Finra Staff Recommends 'Significant Fine' Of Broker

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MetLife said Finra’s staff has indicated the agency will seek a “significant fine” from the company’s broker-dealer unit as part of a probe into possible violations tied to variable annuities.

A Money-Managing Robot Is About to Join BofA Thundering Herd

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Bank of America Corp.’s “thundering herd” of Merrill Lynch financial advisers is about to be joined by a robot.

Buy The Dip Just Took A Bit Longer As S&P 500 Recovers From Rout

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Who stands to win with the S&P 500 Index posting its biggest monthly advance since 2011? How about investors who started pumping money into the market as U.S...

Gross Says 100% Certain Of December Rate Hike As Jobs Surge

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Bill Gross said there is a “100 percent chance” the Federal Reserve will raise interest rates in December after jobs surged.

A Wal-Mart Heir Is $27 Billion Poorer Than Everyone Calculated

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Ever since Wal-Mart heir John T. Walton died 10 years ago in a plane crash, it’s been widely assumed that he passed the bulk of his vast estate to his widow, Christy. Turns out that was very wrong.

Sotheby's Sells $726.7 Million Of Art In Two Days Led by Picasso

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Sotheby’s sold $726.7 million of art in two days in New York, with works by Pablo Picasso and Vincent Van Gogh leading the way.

A Bunch Of Hedge Funds Got Burned By Valeant

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From Bill Ackman down, hedge-fund managers piled into Valeant Pharmaceuticals International Inc. like no other stock in North America. After its stunning fall, the question now is who’s left to buy.

Ex-JPMorgan Broker Admits Stealing $22 Million For Gambling

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The broker stole from customer accounts and used the money to gamble on sporting events, pay his bills, and trade stocks online.

Taubman Art Trove Fetches $377 Million In Mixed Sale

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Sotheby’s rolled out the red carpet for the auction of its former chairman’s collection on Wednesday in New York...

Treasuries Paying 4.5% Are More Than a Decade Away, MetLife Says

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Benchmark 10-year Treasury yields are more than a decade away from returning to their long-run average, according to MetLife.

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