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Saudis threaten to sell $750 billion US assets if Congress passes bill that would let 9/11 victims sue Saudi Arabia

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Saudi Arabia threatened to sell up to $750 billion worth of US assets held by the Kingdom if Congress passes a bill that would allow the Saudi government to be sued over 9/11, reports The New York Times’ Mark Mazzetti. Saudi Foreign Minister, Adel al-Jubeir, personally passed on the message last month during a trip to Washington,...
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Companies with LGBT diversity beat the market

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This is pretty simple: companies with LGBT diversity beat the broader market.  A report from Credit Suisse out Friday examines the impact that a focus on LGBT diversity had on corporate performance.  The results showed that companies with openly LGBT management, companies voted in a recent surveys as a leading LGBT company, or those whose employees are openly members...
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FINANCE INSIDER: It’s gloomy on Wall Street

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Finance Insider is Business Insider’s midday summary of the top stories of the past 24 hours. To sign up, scroll to the bottom of this page and click “Get updates in your inbox,” or click here. Earnings season is underway for Wall Street firms, and it’s as gloomy as expected. Banks so far haven’t missed earnings...
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11 style upgrades any guy can snag for under $100

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You don’t have to break the bank while upgrading your style for spring. We’ve rounded up 11 items that retail for less than $100 and that will leave your wardrobe refreshed and ready to tackle the changeable weather. We didn’t cheat, either. These items are no mere trinkets, and every single item costs at least...
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There’s finally some good news for the oil market

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We’re finally seeing a glimmer of good news for oil: global production has started to slow down. In a recent note to clients, Credit Suisse’s Ed Westlake and Jan Stuart shared a few charts showing that global production ex-Saudi Arabia finally started slowing in 2015. According to the data cited in their charts, global oil production has slowed...
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You can own this lunar rover prototype — for $150,000

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A prototype lunar rover once tested by NASA will be available for sale at an online auction this month, with an estimated price of $125,000 to $150,000. The early prototype, known in official NASA documents as the “Brown LSSM,” does not resemble the final Lunar Rover, which served the crews of Apollo 15, 16 and 17 on the...
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Airbus just lost a $865 million order — here’s why that’s great news for passengers

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Air Austral has axed its order for two Airbus A380 superjumbos. Airbus confirmed the cancellation of the deal that had a market value of more than $865 million (although it’s likely Air Austral negotiated significant discounts).  “The agreement has been reached between Air Austral and Airbus following a change of strategy decided by the airline,” the European...
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