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De Beers, supplier of about a third of the world’s rough diamonds, said prices of the gems may “stick” at current levels after demand from India and China spurred a rally of more than 35 percent this year.
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The euro rose versus the dollar and European stocks gained amid optimism that leaders will increase the size of the region’s financial-rescue fund at a summit this weekend. A drop in Apple Inc. left U.S. equities little changed.
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HSBC Holdings Plc, Europe’s biggest bank, is interested in buying Turkey’s Denizbank from Dexia SA, the first lender to founder with the European debt crisis, two people with knowledge of the process said.
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California, with the best-performing debt among U.S. states, is defying forecasts its borrowing costs would rise as much as 15 percent on a $1.8 billion sale, signaling confidence the lowest-rated state won’t default.
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U.S. Bancorp Chief Executive Officer Richard Davis said he’s “frustrated” that Congress hasn’t confirmed regulators to lead agencies in charge of new banking rules because the vacancies are hindering his industry.
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Builders began work on more U.S. homes than forecast in September and consumer prices climbed at the slowest pace in three months, supporting Federal Reserve forecasts for a pickup in growth and a moderation in inflation.
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A trade group representing 270 companies including ConAgra Foods Inc. and Tyson Foods Inc. said its members are pledging to hire 25,000 military veterans and spouses by the end of 2013, a quarter of the target for private- sector hiring President Barack Obama announced in August.
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Citigroup Inc. and McGraw-Hill Cos. won appeals-court decisions upholding dismissal of lawsuits brought by employees claiming their retirement plans lost money invested in company stock.
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At a time when the world is facing its biggest sugar glut in at least four years, trade barriers mean the European Union is contending with a second consecutive annual shortage.
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People who have more Facebook friends have more gray matter in their brains, a finding that may spur further research on the relationship between social networking and the mind, U.K. researchers said.
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Bloomberg's Rich Jaroslovsky reviews Apple Inc.'s new iPhone 4S. The new iPhone -- available for order now and in stores on Oct. 14 -- costs $199 for a model with 16 gigabytes of storage on a two-year contract, $299 for 32 gigabytes and $399 for 64 gigabytes. (Source: Bloomberg)
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Christie’s Inc. and Sotheby’s were accused in a lawsuit of failing to pay artists royalties for works either sold in California or at auction by California sellers.
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New York Knicks center Ronny Turiaf may play for French team Asvel during the National Basketball Association lockout, joining fellow Frenchman Tony Parker of the San Antonio Spurs, who’s a part owner of the club.
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Cantor Fitzgerald LP’s head of junk- bond sales, Mike Brennan, is joining Citigroup Inc. as the third-biggest U.S. lender seeks to gain market share after slipping to the fifth-most active underwriter of the debt.
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