Two major hedge funds lose in February but Einhorn gains

BOSTON (Reuters) - Billionaire investors Barry Rosenstein and Daniel Loeb's hedge funds lost more money in February as both managers were hit by volatile markets shaped by fears about slower growth...

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Exclusive: Hedge fund consultant Cliffwater puts Luxor on watch list

BOSTON (Reuters) - Hedge fund Luxor Capital Group, which suffered double-digit losses last year, has been placed on a so-called watch list by influential industry consultant Cliffwater, according to...

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Oscar-winning 'Cool Hand Luke' actor George Kennedy dies at 91: media

(Reuters) - U.S. actor George Kennedy, who won an Academy Award for playing a hulking chain gang convict who pummels Paul Newman in the 1967 film "Cool Hand Luke" and later earned laughs in the "Naked Gun" comedy films, has died, media outlets reported on Monday. He was 91.

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Sportscaster Erin Andrews tells of shock after nude video posted

(Reuters) - In tearful testimony in a Tennessee courtroom on Monday, sports broadcaster Erin Andrews told a jury of her shock and humiliation after learning that a nude video of her, taken by a stalker, was posted on the Internet.

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U.S. top court rejects union challenge to New Jersey pension reforms

WASHINGTON (Reuters) - The U.S. Supreme Court on Monday rejected a bid by unions representing public employees including teachers and state troopers to force the state of New Jersey to pay the full...

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Savers battle to keep emergency fund filled

NEW YORK (Reuters) - In the Greek myth of Sisyphus, he was condemned for eternity to roll a boulder up a hill, just to see it roll right back down.

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Fidelity marked down value of several pre-IPO companies in January

BOSTON (Reuters) - Fidelity Investments, the largest mutual fund investor in pre-IPO companies, marked down the value of several start-up stars in January, with web security firm Cloudflare Inc...

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Warren Buffett says buying IBM shares could be a mistake: CNBC

NEW YORK (Reuters) - Warren Buffett, the chairman and chief executive of Berkshire Hathaway Inc. , told CNBC on Monday that buying IBM  shares could prove a mistake and that he was buying more U.S....

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Chris Rock transforms Oscars into biting racial commentary

LOS ANGELES (Reuters) - Comedian Chris Rock launched his return stint as Oscar host on Sunday by immediately and unabashedly confronting the racially charged elephant in the room - the furor over the all-white field of performers nominated for Hollywood's highest honors.

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At Oscars, VP Joe Biden and Lady Gaga spotlight sexual assault

LOS ANGELES (Reuters) - Vice President Joe Biden made a special appearance at the Oscars ceremony on Sunday to advocate for victims of sexual assault and introduced a powerful performance by Lady Gaga that featured survivors of sexual abuse.

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Berkshire Hathaway fourth-quarter profit rises 32 percent

(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 32 percent, helped by improved results in its insurance operations and higher gains from investments...

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Suge Knight to face August 1 trial on hit-and-run murder charge: report

LOS ANGELES (Reuters) - Rap mogul Marion "Suge" Knight will stand trial on Aug. 1 for murder charges stemming from a fatal hit-and-run in Los Angeles, a judge ordered on Friday, according to a local media report.

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Yoko Ono hospitalized in New York with flu-like illness: spokesman

LOS ANGELES (Reuters) - The artist Yoko Ono, the widow of the late former Beatle John Lennon, was admitted to a New York City hospital on Friday after complaining of severe flu-like symptoms, her West Coast-based spokesman said.

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Photos of the week

Our top photos from the past week.

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Ahead of Oscars, composer Morricone honored with Walk of Fame star

LOS ANGELES (Reuters) - Italian film composer Ennio Morricone, nominated for an Oscar this year for his work on "The Hateful Eight," was awarded a star on Hollywood's Walk of Fame on Friday, honoring his diverse career spanning decades.

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Oregon city fires its grounds-keeping goats with 'barnyard aroma'

(Reuters) - A crew of goats brought in to devour invasive plants at a popular park in Oregon's state capital, Salem, have been fired because they ate indiscriminately, cost nearly five times as much as human landscapers and smelled far worse, a city official said on Friday.

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Trap snaps shut on drug dealers who guarded cash with crocs

AMSTERDAM (Reuters) - A gang of suspected drug-dealers in Amsterdam gave the task of guarding their loot to unusually ferocious guards: a pair of fully-grown crocodiles.

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Starboard's Smith sees 'a lot of opportunity' in Yahoo

BOSTON (Reuters) - Activist hedge fund manager Jeffrey Smith, who has publicly criticized Yahoo Inc Chief Executive Officer Marissa Mayer, said on Friday he sees "a lot of opportunity" in the company.

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Wall Street watchdog's board approves bond-markup rules

(Reuters) - The Financial Industry Regulatory Authority's board of governors has approved a plan that would require brokerage firms to disclose how much they mark up the price of most bonds they sell...

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Doubleline's Gundlach says firm purchased some equities two weeks ago

NEW YORK (Reuters) - Jeffrey Gundlach, the co-founder and chief executive officer of DoubleLine Capital, said on Friday that his firm purchased some U.S. stocks two weeks ago after their rocky start...

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Collins Capital shutters hedge fund for retail investors: filing

BOSTON (Reuters) - The Collins Alternative Solutions Fund, a mutual fund that offered hedge fund strategies to retail investors, was shut down after suffering double-digit losses in 2015 and falling...

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Big U.S. banks defeat claims over toxic mortgages, failed credit unions

NEW YORK (Reuters) - A federal judge has dismissed nearly all of a lawsuit against Bank of America Corp and US Bancorp that held them liable for losses on roughly $6.8 billion in toxic mortgage...

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Elvis Presley's 'Dr. Nick' dies at age 88 -Memphis funeral home

(Reuters) - George Nichopoulos, known as "Dr. Nick" as he dispensed thousands of doses of prescription drugs to Elvis Presley in the final decade of the rock star's life, has died at the age of 88, a Memphis, Tennessee, funeral home said.

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Eaton Vance comes to market with new type of low-fee fund

NEW YORK (Reuters) - A new type of investment fund starts trading on Wall Street on Friday amid hope from backers that it could become big enough to supplant traditional mutual funds.

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Buffett annual letter comes amid 'conspicuous' performance lag

NEW YORK (Reuters) - Warren Buffett will release his annual letter to Berkshire Hathaway Inc shareholders after a year when its stock price lagged the broader market by the most since 2009, adding to...

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U.S.-based stock funds post eighth straight week of outflows: Lipper

NEW YORK (Reuters) - U.S.-based stock funds posted $2.8 billion in outflows during the week that ended Feb. 25, Lipper data showed on Thursday, adding an eighth week to the funds' streak of...

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War on cash to pump up silver, wine, art, gold: James Saft

Like it or hate it, the war on large-denomination cash will have an impact on other markets, as investors and crooks alike look for convenient stores of value.

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Canadian banned from owning turtles after smuggling 38 in pants

TORONTO (Reuters) - A Canadian man who smuggled 38 turtles in his pants has been given probation, a fine and has been banned from owning such reptiles for 10 years.

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