Bloomberg News

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Household Worth In U.S. Rose By $2.95 Trillion In Fourth Quarter

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Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans’ finances.

Round-the-Clock Crimea Crisis Stokes Russian ETFs Trading Surge

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Overseas trading of Russian stocks is soaring as investors react to the twists and turns of the military standoff in Ukraine.

Money Pours Into Health-Care ETFs

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Booming biotech and pharma sectors are fueling stellar returns in health care.

New Jersey Losing Income To Other States, RegentAtlantic Says

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New Jersey lost almost 88,000 taxpayers with income of $5.5 billion to other states in 2010, according to a report by advisory firm RegentAtlantic Capital.

College Board Redesigns SAT Exam Making Essay Portion Optional

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The College Board will make the essay portion of its SAT admissions test optional starting in 2016 and eliminate esoteric vocabulary words, a move likely to be embraced by high school students and...

Highest Minimum-Wage State Washington Beats U.S. Job Growth

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When Washington residents voted in 1998 to raise the state’s minimum wage and link it to the cost of living, opponents warned the measure would be a job-killer...

Marijuana Decriminalization Clears Washington City Council

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The Washington city council voted to decriminalize marijuana consumption in private homes, adding the nation’s capital to a growing list of states that have loosened sanctions for using the drug.

Saturdays Off Lose To Cash As Buyout Firms Poach Junior Bankers

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Wall Street’s Class of 2013 is being poached earlier than usual by private-equity and hedge funds, showing it’s going to take more than Saturdays off for the biggest banks to keep their most...

Pimco Overhauls Unconstrained Bond Fund As Gross Takes Control

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Pimco Unconstrained Bond Fund, one of the firm’s most important offerings as clients turn away from traditional fixed-income products, overhauled its investments in the fourth quarter, when Bill...

U.S. State Pension Funding Rises To 75%, Wilshire Says In Report

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U.S. state pensions driven by a booming stock market continued to recover last year as the value of their assets rose to 75 percent of liabilities, according to Wilshire Consulting.

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