INVESTMENT

Bankruptcy judge OKs Innkeepers $1.12 billion sale

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Innkeepers USA Trust, the bankrupt manager of more than 70 hotels, gained court approval on Friday of a plan to sell most of its properties to Cerberus Capital Management and Chatham Lodging Trust for $1.12 billion.
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Traders work on the floor of the New York Stock Exchange while waiting for the Initial Public Offering (IPO) of shares in the company Apollo Global Management in New York

Investors losing confidence in stocks: polls

Fifty percent of people believe the US stock market will drop more than 30 percent in the next 12 months, according to the latest Chicago Booth/Kellogg School Financial Trust Index poll.
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A Harsh Lesson About the Metals Markets

This correction is a harsh reality check for those of us (myself included) who purchased substantial amounts of metal at much higher levels. That said, it's time to put our game faces back on and think about this logically, now that a lot of the emotion has been sucked out of the market. The good news is that times like these create the best opportunities.
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Apollo earnings up, in first report since IPO

Private equity firm Apollo Global Management LLC's first-quarter earnings rose fivefold from a year earlier as the value of its investments increased, in its first quarterly report since its March IPO.
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Best Art Degrees

If you want a degree in the arts, here are three degrees that are wise choices.

The rise and growth of Skype: A Baltic success saga

Microsoft CEO Steve Ballmer and Skype CEO Tony Bates jointly announced on Tuesday that the two companies have entered into a deal under which Microsoft will acquire Skype for $8.5 billion. Apart from creating value and emerging as a strategically important player in the voice and chat connectivity segment of the exploding web business, Skype also won real big time suitors like Microsoft, Google and Facebook. Perhaps the rivals' attempt to outbid each other and own Skype resulted in the Estoni...
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Skype's owners made $5 billion, 3 times money: source

Skype's owners, led by private equity firm Silver Lake, will make more than three times their investment - a total capital gain of more than $5 billion - on sale of the company to Microsoft Corp, a source familiar with the deal said on Tuesday.

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