Beverly Hills News
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Saks Inc. hired Goldman Sachs Group Inc. to explore strategic alternatives, including a sale of the company, said two people with knowledge of the matter.
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Paramount Pictures’ “Star Trek Into Darkness,” the second installment in the rebooted franchise, opened to disappointing ticket sales, squeezed by holdovers “Iron Man 3” and “The Great Gatsby.”
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Ravi Shanker makes weekly pilgrimages to Chilkur Balaji temple outside Hyderabad, India, asking for a little help on a visa from an incarnation of Lord Vishnu.
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MGM Holdings Inc., the film studio that emerged from bankruptcy more than two years ago, said first-quarter profit more than doubled with the film hits “Skyfall” and “The Hobbit.”
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Larry Flynt, publisher of Hustler magazine, completed the sale of his company’s 10-story headquarters building in Beverly Hills, California, to Douglas Emmett Inc. for $89 million.
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Rino International Corp. agreed to settle a lawsuit in which the U.S. Securities and Exchange Commission alleged two of its executives diverted $3.5 million of company assets to buy a home, cars and designer clothing.
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A monumental Barnett Newman canvas fetched a record $43.8 million at a $294 million Sotheby’s auction last night, as contemporary art prices rose with stocks.
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Investors seeking single-family homes to rent are buying land and newly-built properties as foreclosures dwindle and existing home prices in the U.S. rise at their fastest pace since 2006.
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Swatch Group AG, the biggest maker of Swiss timepieces, said Nayla Hayek will replace Frederic de Narp as leader of the Harry Winston luxury jewelry and watches unit following its acquisition of the brand earlier this year.
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Live Nation Entertainment Inc., the world’s biggest concert promoter and ticket seller, said first- quarter sales climbed on higher revenue from events, sponsorship and advertising.
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