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Calpers launches probe of placement agent fees

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Calpers, the biggest U.S. public pension fund, said on Wednesday it is probing fees paid by outside money managers to win its business, expanding a review of pay-to-play schemes at public retirement systems that has spread across the nation.

Two Madoff victims file lawsuit against the SEC

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Two victims of Bernard Madoff's Ponzi scheme filed a federal lawsuit against the U.S. Securities and Exchange Commission on Wednesday, seeking at least the $2.4 million they lost in the fraud.
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BofA agrees to give more details on Merrill

Bank of America Corp agreed to give federal authorities more information about why it refrained from disclosing details about Merrill Lynch's performance before it bought the investment bank, U.S. regulators said on Tuesday.
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Healthy neighborhoods cut type 2 diabetes risk

If you are what you eat, you may also be a product of where you live: Living in a neighborhood where it's pleasant and easy to walk and fresh fruits and vegetables are close at hand can slash a person's
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BofA agrees to give SEC more details on Merrill

Bank of America Corp agreed to give regulators more information about why it refrained from disclosing details about Merrill Lynch's performance before it bought the investment bank, federal regulators said on Tuesday.
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BofA to turn over documents on Merrill buy: report

Bank of America Corp has agreed to hand over to investigators documents describing the legal advice it received related to its purchase of Merrill Lynch, the Wall Street Journal reported on Monday, citing people familiar with the situation.
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CBS and Cablevision reach new TV deal

Cablevision Systems Corp reached a new deal with CBS Corp to carry its broadcast network as well as Showtime, the Smithsonian Channel, and CBS College Sports Network, the companies said on Friday.
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Startup rental website takes on Craigslist

Lee Lin had a full-time job, three rental properties and a problem: he had no time to find tenants to live in them. He tried advertising on free-listing websites like Craigslist, but found it too time consuming, so he created an alternative.
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Gold hits record high as dollar slides

Gold prices rallied to record highs for a third successive session in Europe on Thursday, as persistent weakness in the dollar fueled fund buying of the metal as an alternative to the U.S. unit.
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Ex-party boss, fund manager plead guilty to NY kickbacks

The former head of New York's Liberal Party and a founding partner of Aldus Equity have pleaded guilty to taking part in a kickback scheme that corrupted how the state pension fund chose investment managers, state Attorney General Andrew Cuomo said on Tuesday.
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Calorie labeling doesn't curb NYC fast food habits

A rule that requires New York City fast food restaurants to post calorie information on their menu boards has not changed consumer habits in low-income neighborhoods, according to a study published on Tuesday.
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SCE shuts Calif. Mountainview 3 natgas unit

Southern California Edison shut the 472-megawatt Unit 3 at the Mountainview natural gas-fired power station in Southern California for planned reasons by Sunday afternoon, the California Independent System Operator said in a report.
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High-tech video surveillance to expand in New York

New York City's police video camera surveillance network will be expanding with the help of $24 million in Federal grants, New York Mayor Michael Bloomberg and Police Commissioner Ray Kelly announced on Sunday.
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Progress plan to replace NC coal unit approved

North Carolina regulators approved Progress Energy Inc's plan to spend about $900 million to build a 950-megawatt natural gas-fueled power plant in Wayne County to replace a 406 MW coal-fired plant, the company said in a release late Thursday.
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APS, Starwood end Ariz. solar power purchase deal

Arizona Public Service said late Wednesday Starwood Energy Group Global LLC terminated a long-term power purchase agreement on Starwood's proposed 290-megawatt concentrating solar power plant in Arizona.
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U.S. personal spending surges, jobless claims rise

U.S. consumer spending rose at its fastest pace in nearly 8 years in August, but the number of workers filing new claims for jobless benefits rose last week, indicating a weak labor market would weigh on recovery.
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Bruce Springsteen to play entire albums at N.J. shows

Bruce Springsteen and the E Street Band will perform an entire album from their back catalog each night of the five-night run at Giants Stadium in East Rutherford, New Jersey, in October, the group announced late Monday night.

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