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Murdoch Buys 4 Floors Of NYC Condo Tower For $57 Million

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News Corp. Chairman Rupert Murdoch agreed to buy the top four floors of a condominium tower near Manhattan’s Madison Square Park for $57.3 million.

Franklin Templeton Boosted Ukraine Bet By More Than $250 Million

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The firm's biggest funds purchased Ukrainian bonds in the fourth quarter, adding to holdings that made the asset manager the country’s largest debtholder before growing violence spurred...

Fidelity’s Morrison To Succeed O’Hanley As Investment Chief

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Fidelity Investments, the second- biggest U.S. mutual fund company, named Charles Morrison to succeed Ronald P. O’Hanley as head of the asset-management unit.

WhatsApp Founder Goes From Food Stamps to Messaging Billionaire

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WhatsApp Founder Jan Koum, who once lived in poverty, has sold his five-year-old company in the largest Internet deal since Time Warner’s $124 billion merger with AOL in 2001.

Obamacare Enrollments Show Consumers Shun Cheapest Health Plans

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Most Americans are avoiding the lowest-priced health plans on the Obamacare insurance exchanges, taking advantage of government subsidies to seek more protection against high treatment costs.

Billionaire Steyer Enlists Donors For $100 Million Climate Cause

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Tom Steyer has pledged to spend at least $50 million making climate change an election issue this year and wants other wealthy donors to put up another $50 million.

California Cities Strained By Retiree Health Care Costs

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The Los Angeles Unified School District, the nation’s second largest, owes so much for retiree health care that paying off its debt would cost $17,500 for each of its 640,000 students.

Teens Disappearing From Workforce; Number At Record Low

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In many cases, they lose out to older, more experienced adults or choose to focus on school.

Quant Funds Feel Investor Bite After Underperforming Three Years

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Investors are losing patience with hedge-fund managers who rely on computers to follow global market trends after three years of underperformance.

Calpers Boosts Contribution Rates At Governor's Urging As Retirees Live Longer

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The California Public Employees’ Retirement System, the largest U.S. public pension, will begin phasing in higher contribution rates to account for the increased costs of retirees living longer.

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