Bloomberg News

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Most Billionaires Can't Stay That Rich After 20 Years, UBS Says

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Most of the world’s richest families 20 years ago have seen their fortunes shrink in the intervening decades, according to a new report.

Redstone's Spurned Girlfriend Seeks New Hearing On Competency

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Billionaire Sumner Redstone’s former girlfriend and caretaker is seeking a new hearing in her lawsuit to be restored as health-care agent for the 92-year-old mogul who controls both CBS Corp...

Brokers Warned Not To Steer Clients’ Stock Trades Into Slow Lane

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Brokers have been put on notice: treat your customers’ orders as well as you treat your own.

Twitter Warns Users Of Hacks From ‘State-Sponsored Actors’

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Twitter Inc. has notified some users that their accounts may have been hacked by state-sponsored actors, as the company works to investigate the attack.

Wells Fargo Buying NYC Office Space, Plans To Move Securities Operations

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Wells Fargo & Co. plans to relocate its New York headquarters of its securities unit to the 30 Hudson Yards skyscraper, under construction on Manhattan’s far west side.

Junk Bonds Are Tanking and Icahn Says Meltdown ‘Just Beginning’

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Junk bonds have tumbled to levels not seen in more than six years and billionaire investor Carl Icahn says there’s more to come.

MetLife to Miss Investing Targets on Private Equity, Hedge Funds

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MetLife, the largest U.S. life insurer, said it will miss targets for some investments beyond its bond portfolio because of lower-than-expected returns from private equity and hedge funds.

Muni Inflows Are Highest Since January As Buyers Ignore Fed

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Investors added the most money to municipal- bond mutual funds since January in the past week, a sign that they’re not fretting about the Federal Reserve raising interest rates for the first time...

Trump's Face Pulled From Dubai Luxury Golf Course Project

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An image of Donald Trump was taken down from a billboard advertising a golf course and luxury-housing development on the outskirts of Dubai as the backlash grows against his proposal to bar Muslims...

Third Avenue Fund Redemption Freeze Sends Ominous Sign

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A junk-bond selloff prompted Martin Whitman’s Third Avenue Management to take the rare step of freezing withdrawals from a $788 million credit mutual fund and planning a liquidation.

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