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  • May 13- Fortress Investment Group LLC is considering making a $4.7 billion bid for Stuyvesant Town-Peter Cooper Village, a Manhattan apartment complex, Bloomberg reported, citing a person familiar with the matter. MetLife sold the complex in 2007 for a record $5.4 billion to a group led by Tishman Speyer Properties LP and a real estate unit of BlackRock Inc..

  • The flurry of activity occurred at 3:49 p.m. EDT, with most of the affected stocks listed on the New York Stock Exchange, owned by IntercontinentalExchange Group Inc. The volatility caused moves of close to 5 percent in certain stocks, such as Nabors Industries Ltd..

  • Morgan Stanley hires senior Barclays executive - NYT Tuesday, 13 May 2014 | 5:53 PM ET

    May 13- Morgan Stanley has hired a senior Barclays Plc executive, the New York Times reported, citing an internal memo from the U.S. bank. Whitman, who served as the head of mergers for financial institutions at Barclays, joins the recent drain of bankers from the British company as it moves to scale down its investment banking operation.

  • TIPTON, Indiana, May 13- Fiat Chrysler Automobiles Chief Executive Officer Sergio Marchionne said the company will be much stronger than it is today at the end of his plan to sell 7 million cars by 2018, even if it misses the targets he set forth last week. long used to advertise a brand of canned and frozen vegetables produced by General Mills.

  • TPP negotiators, from countries including Canada, Australia, Mexico and Malaysia, are in Vietnam this week for another round of negotiations, and ministers will meet on May 19-20 in Singapore.

  • NEW YORK, May 13- A U.S. fund to compensate victims of Bernard Madoff's Ponzi scheme has received roughly 51,700 claims seeking to recoup more than $40 billion, totals far higher than expected, the official in charge of the fund said on Tuesday.

  • Mayors of 10 major California cities, including Los Angeles, San Diego, San Francisco and Oakland, said in the letter that a decade ago, Hollywood productions were made in cities across the state.

  • Turbulence hits batch of U.S. stocks near the close Tuesday, 13 May 2014 | 5:16 PM ET

    The flurry of activity occurred at 3:49 p.m. EDT, with most of the affected stocks listed on the New York Stock Exchange, owned by IntercontinentalExchange Group Inc. The volatility caused moves of up to about 5 percent in certain stocks, such as Nabors Industries Ltd..

  • David Burton, a tax lawyer with Akin Gump Strauss Hauer& Feld LLP, said the IRS proposal would open REIT status only to a small number of solar projects. " The IRS proposal coincided with a speech given by President Barack Obama on Friday promoting renewable energy investments as a way to address climate change.

  • CHICAGO, May 13- Smoke at an Illinois flight control center halted air traffic at Chicago airports for about three hours on Tuesday and forced hundreds of flights to be canceled, officials said.

  • UPDATE 1-Fossil profit forecast misses estimates Tuesday, 13 May 2014 | 5:00 PM ET

    May 13- Fashion accessory maker and retailer Fossil Group Inc forecast a weaker-than-expected profit for this quarter after reporting the third straight decline in comparable sales in North America.

  • SEOUL, May 14- Unassuming, media-shy and, as yet, unproven, Jay Y. Lee is the unofficial heir-apparent to lead Samsung Electronics Co Ltd, as the world's biggest technology group by sales approaches a crossroads after years of explosive growth.

  • AHMEDABAD, May 14- A low-cost housing project in Boisar, a satellite town outside Mumbai, offers a taste of how hard it will be for Narendra Modi to fulfil a pledge to provide affordable homes for every Indian family if, as expected, his party wins India's election.

  • Senator Marco Rubio, a likely Republican candidate for the White House, on Tuesday unveiled plans to give more Americans a way to save for retirement while raising the retirement age for younger workers.

  • *Cisco falls 1 percent, weighs on the Nasdaq. NEW YORK, May 13- The Dow and the S&P 500 eked out record closing highs again on Tuesday, while the Nasdaq resumed its recent slide, dragged down by shares of Cisco.

  • *S&P sets new record despite soft data. *Key Europe index closes at 6- year high, buoyed by results. NEW YORK, May 13- U.S. stocks ended flat on Tuesday as the benchmark S&P 500 retreated after climbing over the 1,900 mark, while an index of European shares ended at a six-year high on solid corporate earnings and bets of more European Central Bank stimulus.

  • LAC-MEGANTIC, Quebec, May 13- Three railway workers charged with criminal negligence in a Canadian train disaster that killed 47 people in Lac-Megantic, Quebec last July were released on bail on Tuesday after a brief court appearance.

  • DETROIT, May 13- Detroit's three automakers are mulling a request by the city's art museum to help it raise money for a key component of Detroit's plan to restructure its debt and exit bankruptcy, representatives of the companies said on Tuesday.

  • May 13- Fashion accessory maker and retailer Fossil Group Inc reported an 8 percent fall in quarterly profit, as operating costs shot up. Operating expense rose to $338.5 million in the first quarter ended April 5 from $284.2 million a year earlier. Net income fell to $66.3 million, or $1.22 per share, from $72.2 million, or $1.21 per share, a year ago.

  • NEW YORK, May 13- The Dow and the S&P 500 closed at record highs again on Tuesday, while the Nasdaq slipped, weighed down by Cisco and Comcast. The Dow Jones industrial average rose 19.97 points, or 0.12 percent, to end unofficially at 16,715.44. The S&P 500 gained just 0.8 of a point, or 0.04 percent, to finish unofficially at 1,897.45.