Bloomberg News

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Biggest Buyers Stampede From Junk Bonds On Loss

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The biggest buyers of junk bonds are in retreat as exchange-traded funds suffer unprecedented withdrawals with the debt facing its first losses in eight months.

SAC Clients Said To Pull $1.68 Billion Amid Government Probe

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SAC Capital Advisors LP’s clients pulled $1.68 billion from hedge fund as Steven A. Cohen’s firm is being investigated for alleged insider trading, according to a person familiar with the matter.

Consumer Confidence Increases To Three-Month High

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Consumer confidence in the U.S. rose in February to a three-month high, which may help to preserve recent gains in household spending.

M&A Surges As Confidence Spurs Deals In Computers To Consumer

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Mergers and acquisitions have surged this month with megadeals for iconic companies such as Dell Inc. and H.J. Heinz Co., fueling optimism that more buyers are ready to embrace $10 billion pricetags.

Billionaires Soros, Bacon Cut Gold Holdings On Price

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Billionaire investors George Soros and Louis Moore Bacon cut their stakes in exchange-traded products backed by gold last quarter as futures dropped the most in more than eight years.

Angry Swiss Move To Limit 'Fat Cat' Pay

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With more than 100,000 Swiss citizens having signed a petition to limit “fat-cat” pay, voters will decide at a March 3 referendum whether top executives should have their compensation set by...

Congress Starts Examining Changes To Charitable Tax Breaks

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U.S. lawmakers are considering changes to the tax deductibility of charitable contributions, scrutinizing a benefit that is expected to allow 38.7 million households to claim a deduction for 2012.

Cohen Probe Said To Be Hampered By Auto-Delete E-Mail Policy

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The federal investigation of insider trading by SAC Capital Advisors LP and its founder, Steven A. Cohen, has been hampered by a lack of extensive e-mail evidence.

Soros Makes $1B Since November On Yen Bet

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George Soros made almost $1 billion since November from bets that the yen would tumble, according to a person close to the billionaire’s $24 billion family office.

Wage Gains Seen Spurring Greater Job Mobility

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More American employees may voluntarily quit their jobs this year as an increase in wages and openings boosts confidence in the labor market.

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