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  • India's Reliance plans $13B in energy projects Saturday, 30 Aug 2014 | 1:17 AM ET

    India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.

  • NEW DELHI, Aug 29- India's Reliance Industries Ltd plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery at its Jamnagar complex, documents seen by Reuters show. The refinery would process cheap, heavy crudes that are increasingly available to Asia as the shale boom has cut U.S. demand for the grades.

  • Lawyer: Rosa Parks artifacts sold for $4.5M Friday, 29 Aug 2014 | 7:21 AM ET

    DETROIT— Hundreds of items that belonged to civil rights icon Rosa Parks and have been sitting unseen for years in a New York warehouse were sold to a foundation run by the son of billionaire investment guru Warren Buffett, the younger Buffett said Thursday.

  • Economic sanctions spare Western-tied Russian fund Friday, 29 Aug 2014 | 12:06 AM ET

    WASHINGTON— As President Barack Obama warns of stepped-up economic punishments against Russia for its military incursions inside Ukraine, U.S. sanctions have so far avoided one prominent financial institution: the $10 billion Russian Direct Investment Fund, which has partnered with brand-name American companies and whose advisers include top U.S. and European private equity executives.

  • The subpoenas are aimed at a US $4.7 bn facility provided by China Development Bank, ICBC and BOC to finance the construction of two hydroelectric dams in Patagonia and a US $2.1 bn loan from China Development Bank and ICBC to finance the Belgrano Cargas railway project.

  • Greek businessman and ship owner Victor Restis last year sued UANI for defamation after the New York- based group, whose advisors include former intelligence officials from the United States, Europe and Israel, accused him of violating sanctions on Iran by exporting oil from the country.

  • RIO DE JANEIRO/ PARIS, Aug 27- Brazil's Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the country's second-biggest wireless carrier and upstaging merger bids by foreign rivals.

  • Correction: Obit-Sperling story Tuesday, 26 Aug 2014 | 1:44 PM ET

    PHOENIX— In a story Aug. 25 about death of University of Phoenix founder John Sperling, The Associated Press reported erroneously the day that Sperling died. John Sperling, University of Phoenix founder, dies. John Sperling, founder of for-profit University of Phoenix, dies at 93 near San Francisco.

  • TORONTO, Aug 26- Burger King Worldwide Inc announced plans to buy Canadian coffee and doughnut chain Tim Hortons Inc for C $12.64 billion in a cash-and-stock deal that would create the world's third-largest fast-food restaurant group.

  • *Jindal Steel, Hindalco shares plunge after court decision. NEW DELHI, Aug 25- India's top court on Monday declared as illegal government allocations of coal blocks since 1993, jeopardising projects built around the blocks and threatening to exacerbate a shortage of the fuel.

  • Koch 101: Some basics on the billionaire brothers Monday, 25 Aug 2014 | 4:45 AM ET

    WASHINGTON— A primer on the Koch brothers and their role in politics. A: Charles and David Koch, ages 78 and 74, are billionaire brothers who helped create a broad network of nonprofit groups that control hundreds of millions of dollars flowing into politics.

  • John Sperling, University of Phoenix founder, dies Monday, 25 Aug 2014 | 1:40 AM ET

    Enchanted by the likes of Fyodor Dostoyevsky and F. Scott Fitzgerald, Sperling began a journey through higher education that ultimately led to his founding of the University of Phoenix, a for-profit institution.

  • Koch 101: Some basics on the billionaire brothers Saturday, 23 Aug 2014 | 9:25 AM ET

    WASHINGTON— A primer on the Koch brothers and their role in politics. A: Charles and David Koch, ages 78 and 74, are billionaire brothers who helped create a broad network of nonprofit groups that control hundreds of millions of dollars flowing into politics.

  • Correction: Oil Spill-Land Conservation story Friday, 22 Aug 2014 | 5:37 PM ET

    HOUSTON— In a story Aug. 21 about a new state park planned for southeast Texas, The Associated Press erroneously reported the amount of money from a BP and Transocean fund that was used to buy the land. Conservationists team up to buy Texas bayside ranch with $30 M from BP's 2010 oil spill fund.

  • But Bridget Fitzpatrick, a lawyer for the SEC, said the proposed award was appropriate given "egregious" violations that allowed the Wylys to accumulate "staggering wealth." The companies were Sterling Software Inc, Michaels Stores Inc, Sterling Commerce Inc and Scottish Annuity& Life Holdings Ltd, now Scottish Re Group Ltd..

  • The action, part of the Elliott's quest to recover around US $1.7 bn in claims from its decade-long dispute with the sovereign, will target financial institutions including Citigroup, HSBC and Standard Chartered, the source said.

  • *Berlin fears response from Putin if eastern rebels crushed. BERLIN/ KIEV, Aug 21- After months of ratcheting up pressure on Vladimir Putin, concern is mounting in Berlin and other European capitals that an emboldened Ukraine's military successes in the east are reducing the chances of a face-saving way out of the crisis for the Russian leader.

  • NY judge scolds Argentina, but no contempt order Thursday, 21 Aug 2014 | 11:58 AM ET

    NEW YORK— A federal judge in Manhattan on Thursday said Argentina's plans to evade his orders by failing to make required payments to U.S. bondholders is illegal and cannot be carried out, but he stopped short of finding the South American nation in contempt of court. District Judge Thomas Griesa called Argentina's actions toward U.S. bondholders "lawless."

  • Ecologists team up to buy Texas bayside ranch Thursday, 21 Aug 2014 | 7:02 AM ET

    HOUSTON— A sprawling private ranch in southeast Texas will be converted into a state park with the assistance of a fund created in the wake of the 2010 Deepwater Horizon oil spill, the Texas Parks and Wildlife Foundation announced Thursday.

  • Sears 2Q loss widens on sluggish sales Thursday, 21 Aug 2014 | 6:37 AM ET

    HOFFMAN ESTATES, Ill.— Sears Holdings Inc. recorded a hefty second-quarter loss Thursday on another sales slump, raising more concerns about the future of a company that once was a staple of American shopping. Sears, controlled by billionaire hedge fund investor Edward Lampert, lost $573 million, or $5.39 per share, for the period ended Aug. 2.