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  • Natural causes or accident likely in Getty heir death Wednesday, 1 Apr 2015 | 3:47 AM ET

    LOS ANGELES— Andrew Getty, among the heirs in a family whose name is synonymous with elite American wealth, was found dead in his Hollywood Hills home from was most likely natural causes or an accident, authorities and family members said. Gordon Getty is the San Francisco billionaire scion of the late J. Paul Getty, whose oil fortune made his family among the...

  • LOS ANGELES— The death at a Hollywood Hills home Tuesday of Andrew Getty, one of the heirs to the fortune of one of the wealthiest and best-known families in American history, was most likely from natural causes or an accident, authorities and family members said. Neither the coroner nor police had officially identified the man, but a statement from 47- year-old...

  • LOS ANGELES— A man was found dead Tuesday in the Hollywood Hills home of Getty oil fortune heir Andrew Getty, but officials didn't say if the body was that of J. Paul Getty's grandson. Getty is one of four sons of Gordon Getty, a San Francisco multibillionaire who is among the richest men in the United States. Calls to numbers associated with Andrew Getty and Gordon...

  • VATICAN CITY— The Vatican finance minister said Tuesday he hopes to avoid financial scandal with the upcoming Jubilee Year, saying the plans will be subject to new Vatican procedures to ensure they follow international standards for transparency and accountability. Millions were spent cleaning up monuments and constructing new buildings, including a...

  • WASHINGTON/ ZURICH, March 31- Swiss bank BSI has become the first of what is expected to be several dozen Switzerland- based private banks to reach a deal under a voluntary disclosure programme for tax-related offenses being run by the U.S. Department of Justice. Under a non-prosecution agreement signed on Monday, Lugano-based BSI will pay a $211 million penalty...

  • *Yoox makes all-share offer to buy Net-a-Porter. *Yoox share up 9 pct after 10 pct rise on Monday. PARIS/ MILAN, March 31- Italian online fashion retailer Yoox has agreed to buy Net-a-Porter, its upmarket rival, in an all-share deal that creates an industry leader in the booming online luxury market, with combined sales of 1.3 billion euros.

  • *Yoox makes all-share offer to buy Net-a-Porter. *Yoox share up 9 pct after 10 pct rise on Monday. PARIS/ MILAN, March 31- Italian online fashion retailer Yoox has bought Net-a-Porter, its upmarket rival, in an all-share deal that creates an industry leader in the booming online luxury market, with combined sales of 1.3 billion euros.

  • WASHINGTON/ ZURICH, March 30- Swiss private bank BSI SA avoided prosecution for suspected tax-related offenses by paying a $211 million penalty, becoming the first bank to reach a deal in the U.S. Department of Justice's voluntary disclosure program, the department said on Monday. The agreement is expected to be the first of a flood of settlements by...

  • LOS ANGELES— You can bring your beach towels and floral headbands, but forget that selfie stick if you're planning to go to the Coachella or Lollapalooza music festivals. Coachella dismissed them as "narsisstics" on a list of prohibited items. In Europe, the Palace of Versailles outside Paris, Britain's National Gallery in London and the Colosseum in Rome have all...

  • BRUSSELS, March 29- After decades of punching above its weight in Europe, Britain's influence in the European Union is waning, even before we know whether a promised referendum on "Brexit" will go ahead. But there is growing frustration in Brussels, Berlin and Paris at the lack of clarity over Prime Minister David Cameron's goals if he is re-elected on May 7 and seeks...

  • MILAN/ HONG KONG, March 30- Italian luxury goods group Prada SpA has set out measures to counter a sales drop particularly in greater China, promising more services to clients in stores, faster-changing ranges and lower-priced handbags to meet stiff competition. After concentrating on a rapid retail expansion since its 2011 listing in Hong Kong, the maker of Miu...

  • HONG KONG, March 30- Italian luxury goods company Prada SpA reported its first drop in annual net profit since it listed in Hong Kong four years ago, as growing retail sales in the Americas and Japan failed to offset declines in Greater China and Europe. Like other luxury goods makers, Prada has seen weaker sales in China and Hong Kong amid a government crackdown on...

  • MONTABAUR, Germany— The pastor of the Lutheran church in Andreas Lubitz's hometown said Sunday that the community stands by him and his family, despite the fact that prosecutors blame the 27- year-old co-pilot for causing the plane crash that killed 150 people in southern France. French prosecutors haven't questioned the family yet "out of decency and respect...

  • BEIJING, March 29- The chairman of China National Chemical Corp said on Sunday he hopes to re-list Italy's Pirelli on the Italian stock exchange after his firm agreed earlier this month to acquire the world's fifth-largest tyre maker. Ren Jianxin also warned that a counterbid for Pirelli would hurt the Italian firm's investors and long-term strategy.

  • ROME, March 28- Italy will probably nudge its forecast for economic growth this year up to 0.7 percent from 0.6 percent when it issues new economic and public finance projections next month, a senior minister said on Saturday. Maria Elena Boschi, minister for constitutional reforms, said at a Milan conference organized by retail lobby Confcommercio that the...

  • *Market optimistic Portugal will regain investment status. *Fitch to review Portugal credit rating after Europe close. "We could see Portugal moved up to investment grade later today and that could produce a bit of forced buying from index trackers or some accounts may have to up their Portugal exposure.

  • MILAN, March 26- Italian tyre maker Pirelli has a strong future with owner-to-be China National Chemical Corp and is not talking to others about a possible counterbid, CEO Marco Tronchetti Provera told Reuters in an interview on Thursday. The deal allows the 67- year-old Tronchetti Provera, one of Italy's best-known businessmen who married into the Pirelli...

  • Italy uncovers European tax-avoiding fuel scam Thursday, 26 Mar 2015 | 11:51 AM ET

    ROME— Italian police and Europol say eight people have been arrested in a half-dozen European countries for allegedly operating a diesel import scam that avoided taxes by disguising the fuel as it transited across the continent. Italy's financial police said Thursday that the scam netted 5.7 million euros as some 4,000 tons of fuel entered the country to be...

  • ROME, March 26- Bond-buying by the European Central Bank will reinforce the euro zone's economic recovery, its president, Mario Draghi, said on Thursday, adding that there was already evidence that the scheme was taking effect. Draghi told lawmakers in Italy's parliament that recent data releases "are comforting about the contribution that monetary policy is...

  • DIARY- Top Economic Events to April 8 Wednesday, 25 Mar 2015 | 8:01 PM ET

    ROME- European Central Bank president Mario Draghi addresses the Italian parliament's finance and EU policy committees- 1200 GMT. LONDON- Bank of England to publish Financial Policy Committee statement- 0930 GMT. FRANKFURT- Federal Reserve Bank of St. Louis President James Bullard gives OMFIF Public Lecture on the economy and monetary policy- 0835 GMT.