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Investors exit big-name funds as stars fail to shine

Investors rattled by unpredictable global markets are losing faith in star managers to shield them from painful losses, with some of the industry's best known names topping a list of funds which hemorrhaged cash in 2011, Lipper data shows.

EU puts off talks on EU derivatives law deal

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EU states and the European Parliament have cancelled Monday's talks aimed at striking a deal to tighten laws on the $700 trillion derivatives market, after the states failed to settle on a negotiating position.
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5 – London

Time for Decision on Removing Leap Seconds

Experts have recommended eliminating leap seconds from the time scale used by most computer systems, but governments are split on the issue, to be decided this week, the International Telecommunications Union (ITU) said Tuesday.
Gold firms as IMF talk, Fitch stance lift euro

Gold Prices Slide on Profit Taking, Falling Euro

Gold edged lower on Thursday as the euro's retreat from highs in the wake of U.S. economic data prompted some buyers to cash in gains in the precious metal after a three-day run higher took prices to their strongest since mid-December.
A silicone gel breast implant manufactured by French company Poly Implant Prothese (PIP)

PIP Founder: France Criminal in Recommending Removal

The founder of a French company at the heart of an international health scandal acknowledged on Wednesday that he had used unapproved silicone in breast implants, but said France's recommendation for women to have them removed was criminal.
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News Corp admits guilt, settles hacking claims

The British newspaper arm of Rupert Murdoch's News Corp looks set to settle at great expense a string of legal claims after admitting wide-scale phone hacking that was both known about and concealed by senior management.
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Victims say News Corp has admitted hacking cover-up

The British newspaper arm of Rupert Murdoch's News Corp has acknowledged to victims that executives covered up the scale of illegal activity by destroying evidence and lying to investigators, victims' lawyers said on Thursday.
H&M Unveils Versace Cruise Collection

Versace for H&M Resort Collection to Launch Thursday

Versace for H&M was a worldwide success in November. So the Italian fashion house decided to release another H&M collection, this time made up of resort wear. The collection will launch exclusively online in the UK on Thursday.
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Monti, Cameron Want EU to Push for Growth

Italy and Britain called on the European Union on Wednesday to promote steps to boost economic growth and not focus solely on austerity to bring down the debt levels that have thrown the single currency into crisis.
Beyoncé and Jay-Z jet off to Caribbean island of St Bart's for first family holiday with daughter Blue Ivy

Beyonce's First Interview with Star UK Fake, Says Rep

As if the rumors surrounding Beyonce's baby, Blue Ivy Carter, were not enough, the latest news suggests the supposedly exclusive interview the singer gave to a magazine in the UK is a fake. According to Beyonce's representative, the interview published in Star UK is completely made-up. The first exclusive interview has since been carried by several publications. Access Hollywood reported the singer's representative as rejecting reports of the interview.
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Fujifilm Considering Supporting Olympus

Japan's Fujifilm Holdings said on Wednesday it is considering supporting scandal-hit endoscope maker Olympus Corp although neither side looks likely to move quickly on an equity alliance that Olympus needs to shore up its finances.
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Wine websites get mixed reviews

Just as Amazon revolutionized the way books are sold and Groupon has conditioned shoppers to expect daily deals on services and foods, a cluster of websites have upended the stodgy world of wine.

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