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More people will be making their homes among the banks and insurance companies of central London as a shrinking financial industry and the prospect of leasing out buildings for free prompts landlords to convert offices into luxury apartments.
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Wang Yang, the Communist Party chairman of China’s most populous province, got the chance to raise his profile ahead of the country’s leadership transition when he met today with German Chancellor Angela Merkel.
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Stand-alone U.S. brokerages hurt by 2011’s trading slump may struggle to raise capital or obtain adequate loans unless markets improve, adding to closures that imperiled more than 200 Wall Street jobs last month.
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Colombia’s central bank said it will start a three-month program of dollar purchases after the peso strengthened to a five-month high today.
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Yelp Inc., the user-generated review site that’s planning an initial public offering, reported a wider loss in 2011 after increasing spending to attract reviewers and make the service easier to use.
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The Bank of England will raise its target for asset purchases next week as the debt crisis in Europe may have already pushed Britain’s economy into a second recession.
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Mitt Romney said President Barack Obama doesn’t deserve credit for improvement in the economy, saying the man he’s seeking to replace in November has stymied U.S. growth.
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Three former Credit Bancorp Ltd. officials convicted of operating an international Ponzi scheme were ordered by a U.S. judge to pay almost $329 million in a lawsuit brought by the U.S. Securities and Exchange Commission
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Enerkem Inc., a closely held Canadian biofuel company backed by Waste Management Inc. and Valero Energy Corp., is seeking to raise $125 million through an initial share sale in the U.S. and Canada.
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Eli Lilly & Co. will freeze salaries for most employees worldwide this year, as sales of its best- selling drug declined faster than expected after losing patent protection.
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Bloomberg's Rich Jaroslovsky reviews Bose Corp.'s VideoWave television.
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A Ferrari bought new by Roger Vadim, the movie director and actor who discovered and married Brigitte Bardot, sold last night for 4.4 million euros with fees ($5.8 million) as choosy investors bought rare classic cars.
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The Los Angeles Dodgers asked the judge overseeing the team’s bankruptcy to dismiss injury claims by a San Francisco Giants fan who was beaten in a Dodgers parking lot after a home game in March.
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Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, gave Chairman and Chief Executive Officer Lloyd Blankfein a $7 million restricted-stock bonus for 2011, a decrease from $12.6 million a year earlier.
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