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Accor Sells Motel 6 To Blackstone For $1.9 Billion

Accor
French hotel giant Accor SA (Paris: AC) said Tuesday it will sell the underperforming Motel 6 U.S. budget hotel chain to asset manager Blackstone Group LP for $1.9 billion, as part of an effort to cut debt and shift focus from the U.S. to fast-growing emerging markets.

'Pre-Diabetes Diabetes Rising Among US Teens [STUDY]

Diabetes
The percentage of U.S. teenagers with pre-diabetes or full-blown type 2 diabetes has more than doubled in recent years -- though obesity and other heart risk factors have held steady, government researchers reported Monday.
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Stacks of Swiss franc, Euro and U.S. dollar banknotes are displayed in a bank in Bern August 15, 2011.

Euro Recovers Monday On Technicals, But Greek Exit Shadows Trade

The euro-to-dollar exchange rate recovered Monday from the lows seen late Friday, when the European currnecy nearly touched multiyear lows. Still, the rise appeared to spring mostly from technical retracements, as tradersbelieve Greece will soon be forced to exit the currency union.
Investor Carl Icahn

Icahn's Stake In Texas Refiner CVR Now 80%

Billionaire Carl Icahn raised his share in CVR Energy Inc. (NYSE: CVI) to 80 percent and is completing the replacement of the nine-member board of directors after winning the support of shareholders in the Texas-based refiner and marketer of transportation fuels.
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JPMorgan Suspends Buybacks, Maintains Dividend

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Monday that the bank had suspended repurchases of its stock, but is maintaining its dividend, while working down losing trades in credit derivatives.

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