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Painting sells for staggering sum

Edsel & Eleanor Ford HouseGROSSE POINTE SHORES, Mich. (AP) — The Edsel & Eleanor Ford House kept secret its 2013 sale of an oil painting by French post-impressionist Paul Cezanne to a private buyer for $100 million to help protect Detroit-owned artworks under threat due to the city's bankruptcy.

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Merrill Lynch’s Top Semiconductor Stock Picks for 2015

Merrill Lynch’s Top Semiconductor Stock Picks for 2015

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Western companies scramble to cope with Russian rouble drop

FRANKFURT (Reuters) - Western companies are curtailing investments in Russia, repatriating funds and talking with their banks about currency hedges to protect profits from the falling rouble and worsening growth outlook.

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British mutual insurers Family Investments, Engage Mutual to merge

LONDON (Reuters) - British mutual insurance firms Family Investments and Engage Mutual have agreed to merge, the firms said on Friday, without giving financial details.

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Citi buys Credit Suisse commodities trading book

LONDON (Reuters) - Citigroup has bought the commodity trading books of Credit Suisse , sources familiar with the matter said on Friday, as the U.S.

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Carnival Earnings Set Sail

Carnival Earnings Set Sail

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Two deaths in Minnesota tied to tainted caramel apples: officials

(Reuters) - Minnesota health officials say that two people have died and two others were hospitalized in recent weeks after eating listeria-tainted caramel apples. The four people in Minnesota were adults between the ages of 59 and 90 who became ill in late October and November from caramel apples contaminated with the bacteria, Minnesota Department of Health spokesman Doug Schultz said on Friday. "Anytime we have two cases or more that match by pathogen and by time and space, that to us indicates there may be an outbreak," Schultz said. ...

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In talks, IMF, Ukraine fail to reach pact on next bailout tranche

WASHINGTON (Reuters) - The International Monetary Fund said Friday it had productive discussions with officials in Ukraine this week, but failed to reach an agreement that would pave the way for Kiev to receive its next bailout tranche next month. "We found that the Ukrainian authorities are preparing to move decisively on a broad and comprehensive agenda to stabilize and reform the economy, while coping with the difficult challenges that emerged in the last year," IMF mission chief Nikolay Gueorguiev said in a statement. ...

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India tables 'biggest tax reform' since independence

An Indian vendor places price tags for footwear at a stall in Hyderabad on February 28, 2013. India's government plans major tax reforms to cut the cost of doing businessIndia's government introduced legislation Friday billed as the biggest tax reform since independence, with analysts hailing it as a "game changer" that would cut the cost of doing business and boost economic growth.

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Zambia royalty hike to force mine closures - chamber

Handout shows a truck being loaded with rocks at an Equinox copper mine in Lumwana, ZambiaLUSAKA (Reuters) - Zambia's decision to hike royalty rates on open pit mining from 6 percent to 20 percent will lead to shaft closures and 12,000 job losses, the chamber of mines said on Friday. Barrick Gold Corp. said on Thursday it would suspend operations at its Lumwana Copper Mine after royalty increases were passed into law in the 2015 budget.

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