Bloomberg News

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U.S. Billionaire Takes on Samsung

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Hedge-fund manager Paul Elliott Singer said he would oppose a proposed merger within Samsung Group, challenging the country’s most powerful company and its richest family.

Soccer Team Owner's Divorce Payment Slashed By Nearly $4 Billion

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Dmitry Rybolovlev won a Swiss court ruling slashing the amount he owes his ex-wife in a record divorce award from $4.5 billion to just over $600 million.

New Jobs Research Could Push Back Fed September Rate Hike

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Next week, Federal Reserve officials publish new quarterly forecasts, and all eyes are going to be on where they set the job market's Goldilocks rate.

The 48% Slump In SPDR Holdings That Shows Gold Is Out Of Favor

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Assets in the world’s biggest gold-backed exchange-traded product slumped to the lowest since the start of the financial crisis.

Pimco Manuever May Have Limited The Fallout After Gross’s Exit

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When Bill Gross stepped down from the Pimco Total Return Bond Fund, the fund was expected to be forced to dump holdings at fire-sale prices to meet record client withdrawals. That didn't happen.

Road To Record $199 Million Award Began With Hunch On Guardrails

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It started with a hunch about malfunctioning highway guardrails. It led to the biggest known whistle-blower award in U.S. history.

Meredith Whitney Says She's Done With Hedge Funds After Struggle

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Meredith Whitney, who turned fame as a banking analyst into a stint running her own hedge fund, is through with managing other people’s money.

The Lawyer Who Invented A Way To Take Cash From Accident Victims

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George Rawlings grabs a stack of computer printouts and stretches them six feet across his office, admiring data from police reports of Florida auto accidents: the names of those hurt and the...

One Of World's Youngest Billionaires Surfaces With Chinese Airline

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One of the youngest billionaires on Earth has emerged in China after his budget airline tripled in value in less than three weeks.

Student-Loan Refinancing Boom Could Cost Taxpayers Billions

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Private lenders are siphoning off the quality lenders in the student loan market, which could damage the credit quality of the government's loan program.

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