Davey the quokka predicts victory for Australia PM Turnbull

SYDNEY (Reuters) - Saturday's Australian election is too close to call for many, but Davey the quokka has predicted Prime Minister Malcolm Turnbull's Liberal party-led coalition will run out winners over Bill Shorten's opposition Labor.

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Screen legend Olivia de Havilland turns 100

Olivia de Havilland, best known for the 1939 film "Gone With The Wind," celebrates her 100th birthday on July 1.

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Einhorn's Greenlight down slightly in June, still up for the year

BOSTON (Reuters) - Greenlight Capital, the hedge fund run by billionaire David Einhorn, lost a small amount of money in June, leaving it with a small gain for the year, a source familiar with the...

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Chesapeake Partners to shut hedge fund, cites M&A woes

BOSTON (Reuters) - Chesapeake Partners, a $1.4 billion hedge fund that bet on special situations including mergers, bankruptcies and spin-offs, is shutting down after an 18-month stretch of losses,...

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Fidelity OTC fund boosted SolarCity stake by 20 percent in May

BOSTON (Reuters) - The Fidelity OTC Portfolio, the largest fund investor in SolarCity Corp, boosted its stake in the company by 20 percent in May, just weeks before Tesla Motors offered to buy the...

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Cash-heavy mutual fund managers buying on 'Brexit' volatility

NEW YORK (Reuters) - Cash-heavy U.S. mutual fund managers are taking the sell-off triggered by Britain's decision to leave the European Union as an opportunity buy into U.S. companies ranging from...

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Q&A: Cisco's Morgridge family follows life lessons in giving away fortune

NEW YORK (Reuters) - Pledging to give away millions of dollars is easier said than done.

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Madoff trustee begins new payout, total nears $9.5 billion

(Reuters) - The court-appointed trustee liquidating Bernard Madoff's firm said he began on Thursday distributing another $190.2 million to fraud victims, boosting the total payout to about $9.47...

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In Brexit month, investors dump shares, flee for safety of cash

LONDON (Reuters) - Global investors bought real estate, added to cash holdings and cut equity allocations to the lowest in at least five years as this month's shock Brexit vote added to an already...

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Keep Medicare advice SHIP afloat for U.S. seniors

CHICAGO (Reuters) - Would you call a U.S. program that helps 7 million seniors save money on Medicare annually “unnecessary”?

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Brexit fuels worries about expected U.S. earnings recovery

NEW YORK/SAN FRANCISCO (Reuters) - Foreign exchange volatility and economic uncertainty after Britain's vote to leave the European Union have imperiled a projected profit rebound in the United...

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A year into the job, Credit Suisse CEO's superstar status loses shine

ZURICH (Reuters) - Credit Suisse Chief Executive Tidjane Thiam likes to joke he has a predilection for being under pressure. A year into the job he may have got more than he bargained for.

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Chinese companies relisting at home attract swarm of quick-hit investors

SHANGHAI (Reuters) - Funds offering a mechanism to help Chinese companies cancel their overseas share listings and relist in Shanghai or Shenzhen are attracting a swarm of investors lured by huge...

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Kellogg's cereal cafe to snap, crackle and pop into Times Square

(Reuters) - Kellogg Co is offering a grrrr-eat new spot for cereal-lovers, with the opening of its first cereal cafe in New York City's Times Square, the company said on Wednesday.

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Layoffs at Chesapeake trigger partial termination of retirement plan

(Reuters) - The retirement plan at Chesapeake Energy Corp is being partially terminated after significant employee reductions at the company.

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Investors pull $831 million from high-yield funds ahead of Brexit: ICI

NEW YORK (Reuters) - Investor risk aversion was on display for a second consecutive week as high-yield junk funds posted outflows of $831 million in the week leading up to the Brexit vote, Investment...

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Public employees paying more into U.S. pensions, uptrend seen extending

NEW YORK (Reuters) - After years of steady inflows, the rate for retirement contributions by public pension employees has increased and is expected to continue rising, an effect difficult to produce...

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Canadian regulators consider ban on mutual fund trailer fees

TORONTO (Reuters) - Canadian securities regulators are considering major changes to the way mutual funds are sold in Canada, possibly banning "trailer fees" and other charges paid to financial...

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Daimler transfers 3.1 percent Renault Nissan stake to own pension fund

FRANKFURT (Reuters) - German carmaker Daimler topped up its underfunded pension assets by transferring a 3.1 percent stake in Renault SA and Nissan Motor Co worth 1.8 billion euros ($2 billion), to...

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Canada's CIBC to buy U.S.-based PrivateBancorp in $3.8 billion deal

(Reuters) - Canadian Imperial Bank of Commerce said it would buy Chicago-based PrivateBancorp Inc in a cash-and-stock deal valued at about $3.8 billion to offer its Canadian clients access to U.S....

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Owners of building materials firm Xella pick banks to launch sale: sources

LONDON/FRANKFURT (Reuters) - The owners of German building materials maker Xella are taking a fresh attempt at divesting the German company after failing to float it last year, people familiar with...

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Hong Kong regulator censures Bank of America units for takeover code breaches

HONG KONG (Reuters) - Hong Kong's Securities and Futures Commission (SFC) has publicly censured two units of Bank of America for breaches of the city's takeover codes in two deals last year, the...

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Elvis Presley guitarist Scotty Moore dies at 84: report

(Reuters) - Scotty Moore, a pioneering rock guitarist best known for backing Elvis Presley as a member of his original band and into superstardom, died on Tuesday at the age of 84, the Memphis Commercial-Appeal reported.

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College costs dip slightly, but still cause anxiety

NEW YORK (Reuters) - There is some good news for American parents terrified about the rising costs of college outstripping inflation and their investments: the average amount families spent on...

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Short sellers ramp up bets against Tesla, SolarCity shares: S3 Partners

NEW YORK (Reuters) - Bets against both Tesla Motors Inc and SolarCity Corp shares have risen after Elon Musk announced a proposed merger last week, but any further bets will be small as both stocks...

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