North Palm Beach News
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Americans are allocating a smaller share of their spending to investment-related fees since the recession, a sign they are still wary of returning to financial markets even as stocks trade near record highs.
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Sports agency IMG Worldwide Inc. will take over management of the U.S. PGA Tour’s Honda Classic as part of an acquisition of IGP Sports & Entertainment Group and will open a new golf office in North Palm Beach, Florida, the companies said.
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Salomon Melgen, the Florida political donor at the center of a criminal probe, said he and Senator Robert Menendez are “like brothers” who spoke weekly, yet his companies never benefited and he broke no laws.
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More American homeowners will be able to use their properties as cash machines again after real estate equity jumped last year by the most in 65 years.
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Older drivers in the U.S. are more likely to avoid higher premiums after getting a traffic ticket because they’re seen as less likely to have accidents, according to a Web-based insurance marketplace.
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Universal Health Services Inc., the operator of more than 100 U.S. hospitals and other medical facilities, plans to sell high-yield, high-risk notes as Treasury-bond yields have fallen to their lowest this year and investors shun the stock market.
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Billionaire Mark Zuckerberg is giving new meaning to the term “the one percent.”
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Terry Williams borrowed about $7,000 to earn a degree from Spelman College 38 years ago. For her youngest child, a sophomore at Belmont University in Nashville, she will take on almost $40,000 in parental loans.
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Jack Welch used his Twitter account to challenge the Obama administration over the surprise drop in the September U.S. unemployment rate, saying the data were manipulated for political gain.
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Banks sold more than $6 billion of bonds linked to the performance of stocks last year, promising returns of as much as 64 percent at a time when interest rates were at historic lows.
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