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  • Hitler watercolor fetches $161,000 at auction Sunday, 23 Nov 2014 | 7:29 AM ET
    An auction house employee puts away a watercolor of the old registry office in Munich by Hitler, Nov. 18, 2014.

    A 1914 watercolor by Adolf Hitler fetched 130,000 euros ($161,000) at auction in the German city of Nuremberg on Saturday, the auctioneers said.

  • Hawaii airline tells pilots to return $4,000 bonus Saturday, 22 Nov 2014 | 4:04 PM ET

    HONOLULU— Pilots from Island Air were probably pretty happy when they got a $4,000 Christmas bonus— that is, until the airline wanted the money back. The Honolulu Star-Advertiser reported Saturday that the company plans to take payroll action to recover the erroneous payments. In an internal email obtained by the Star-Advertiser, Pflieger said the analysis...

  • Taj Mahal offers to restore workers' health care Saturday, 22 Nov 2014 | 2:38 PM ET

    ATLANTIC CITY, N.J.— The Trump Taj Mahal casino is offering to restore health insurance to its workers as part of a last-ditch effort to keep the struggling Atlantic City casino open. Trump Entertainment Resorts said Saturday it has offered to restore health insurance to its 3,000 workers for at least two years if the union will drop its appeal of a court order...

  • Serbia to revoke Ukrainian billionaire's passport Friday, 21 Nov 2014 | 9:50 AM ET

    BELGRADE, Serbia— Serbia will revoke the citizenship it granted to Ukrainian businessman Sergei Kurchenko, who is on a European Union sanctions list and wanted in his country on embezzlement charges, officials said Friday. Serbia is playing a delicate balancing act between its traditional Slavic ally Russia and the EU. Although it says it respects Ukrainian...

  • *Buffett's Berkshire, Novartis, Givaudan doing well. But good news is emerging now for those who prefer safer strategies: some of the best returns this year have come from stable stocks like billionaire Warren Buffett's holding company Berkshire Hathaway or Swiss toilet maker Geberit. "Investors are ready to invest on the equity market but under the condition...

  • Valeant slashes stake in Allergan after losing bid Thursday, 20 Nov 2014 | 7:14 PM ET

    Nov 20- Valeant Pharmaceuticals International Inc said it cut its stake in Allergan Inc to 0.1 percent from 9.7 percent, three days after Actavis Plc trumped its offer for the Botox maker. Pershing Square Capital Management informed Valeant that PS Fund 1 sold all of its 2.2 million shares in Allergan allocated to Valeant USA, Valeant said in a regulatory filing.

  • NEW YORK, Nov 20- Six years of interest rate suppression by the U.S. "The high-yield market is sort of in a bubble and sooner or later there will be a price paid for that," said Carl Icahn, the billionaire investor who said he owns credit default swaps on high yield debt against the 5- year U.S. Martin Fridson, chief investment officer of wealth management firm Lehmann...

  • Ackermann takes helm of Cyprus' biggest bank Thursday, 20 Nov 2014 | 11:39 AM ET

    NICOSIA, Cyprus— Former Deutsche Bank chief Josef Ackermann has been named the new chairman of bailed-out Cyprus' biggest bank. The shareholders' and board votes Thursday come after the Bank of Cyprus passed a European in-depth review of its finances last month. Bank of Cyprus still faces major hurdles— half of all its loans are bad.

  • Future dim for Taj Mahal, former Revel casinos Thursday, 20 Nov 2014 | 10:03 AM ET

    Trump Entertainment Resorts has said it will close the casino Dec. 12. Judge Kevin Gross issued an order late Wednesday scheduling the hearing on whether it's time to pull the plug on Trump Entertainment, which is about to close its last remaining casino. Gross also said that the main parties to the case— Trump Entertainment, billionaire Carl Icahn as its main...

  • SPECIAL REPORT-Crimean savers ask: Where's our money? Thursday, 20 Nov 2014 | 1:30 AM ET

    Ten months after Russia invaded this Black Sea peninsula and seized it from Ukraine, the financial fallout is still being felt. Lawyers for the banks are preparing legal actions against Russia, which confiscated many of the banks' buildings, equipment and cash. The banking and phone chaos are another front in the conflict between Ukraine and Russia.

  • Democrats: Go big on the economy in 2016 Wednesday, 19 Nov 2014 | 5:29 PM ET

    Party officials attending a daylong conference Wednesday hosted by the Center for American Progress said Democrats failed to make a forceful pitch to middle-class voters on issues like economic opportunity, stagnant wages and rising college costs— and suffered the consequences. "Too many Democrats did not offer a progressive vision, particularly around...

  • NEW YORK, Nov 19- Several months ago, U.S. mutual funds scooped up most of the $1.25 billion in high-yield junk bonds issued by Denbury Resources Inc, a Plano, Texas, oil and gas exploration company. The 5.5 percent coupon on the Denbury bonds maturing in 2022 attracted a number of U.S. mutual fund buyers, including the Franklin Income Fund, which held nearly 10 percent...

  • *Uralkali suspends work at mine after water flows in. *Uralkali is key market player, part-owned by Putin ally. MOSCOW/ YEKATERINBURG, Russia, Nov 19- Shares in Russia's Uralkali, the world's top potash producer, fell sharply for a second day on Wednesday after a mine accident that could reduce global supplies and push up prices of the crop nutrient worldwide.

  • COLUMN-Keystone is dragging down the Democrats: Kemp Wednesday, 19 Nov 2014 | 9:15 AM ET

    LONDON, Nov 19- "Keystone" would be a fitting epitaph for Democratic lawmakers, who will lose their majority in the United States Senate in January 2015. Polls show majority support for the pipeline, especially among the white working class and union voters that used to be the bedrock of the Democratic Party but which it has increasingly lost to the Republicans in...

  • UPDATE 6-Keystone XL pipeline bill dies in U.S. Senate Tuesday, 18 Nov 2014 | 8:46 PM ET

    WASHINGTON, Nov 18- A bill to force approval of the Keystone XL pipeline failed in the U.S. Senate on Tuesday, sparing President Barack Obama from an expected veto of legislation that several fellow Democrats supported. She has staked her hopes of winning a fourth Senate term on the Keystone gambit. The tally was 59 to 41 on TransCanada Corp's $8 billion project,...

  • Carl Icahn bought home of woman who took on Trump Tuesday, 18 Nov 2014 | 12:36 PM ET

    ATLANTIC CITY, N.J.— Billionaire investor Carl Icahn is the person who bought an Atlantic City property that earned its owner folk hero status for resisting decades of overtures from developers including Donald Trump. Citing real estate records, The Press of Atlantic City reports Icahn's IEH Investments LLC paid $583,000 for Vera Coking's modest...

  • Brazil ex-billionaire on trial for insider trading Tuesday, 18 Nov 2014 | 11:34 AM ET

    RIO DE JANEIRO— Brazil's one-time richest man, whose meteoric rise to No. 7 on the Forbes billionaires list and equally spectacular bust came to symbolize the country's economic fortunes, went on trial Tuesday in a historic insider trading case seen as a blow against an ingrained culture of impunity. Eike Batista was on hand at the Rio de Janeiro federal court for...

  • SAC's Martoma to begin prison term on Nov. 20 Monday, 17 Nov 2014 | 6:22 PM ET

    NEW YORK, Nov 17- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's hedge fund SAC Capital Advisors LP, has been ordered to begin serving his nine-year prison sentence for his insider trading conviction on Nov. 20. District Judge Paul Gardephe in Manhattan issued the order on Monday, five days after the 2nd U.S. Circuit Court of Appeals...

  • Indian retailers hobble as e-commerce race ahead Monday, 17 Nov 2014 | 5:58 PM ET

    Indian retailers are struggling to keep up online as e-commerce garner large investments.

  • NEW YORK, Nov 17- Gains in shares of Apple Inc could take the world's largest publicly traded company to a market capitalization of perhaps as high as $1 trillion, some of the country's biggest investors said on Monday. Apple's current market cap stands at about $670 billion, according to Thomson Reuters data. "Apple is one of the best companies I would say of the last...