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Pros Move Against Mom-and-Pop Investors in December: Report

Two reports released today show two groups, retail investors and professional asset managers, have been moving in markedly different directions in the past two weeks. The armchair stock pickers are getting out of U.S. equities while the pros are claiming they are dumping more cash into the American stock market.
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A sign hangs in front of a branch of travel agent Thomas Cook in London

Thomas Cook axes 200 Shops, Checks out of 500 Hotels

Thomas Cook will close 200 underperforming shops and 500 hotels and is lining up further disposals, as it battles to cut debt and restore confidence among investors and customers after a bailout by its banks.
Olympus Corp's former CEO Woodford speaks to a reporter upon his arrival at Haneda airport in Tokyo

Olympus Reveals $1 Billion Hit to Balance Sheet

Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday, unwinding a 13-year fraud to reveal a $1.1 billion dent in its balance sheet and igniting speculation it would need to merge or sell assets to repair its finances.
Olympus Corp's former CEO Woodford speaks to a reporter upon his arrival at Haneda airport in Tokyo

Olympus Fixes Crooked Accounts amid Takeover Talk

Japan's disgraced Olympus Corp ironed out its crooked accounts Wednesday, unwinding a 13-year fraud to reveal a $655 million dent in its balance sheet and igniting speculation that it would need to merge or sell assets to repair its finances.
Former Olympus Corp CEO Michael Woodford speaks to reporters upon his arrival at Haneda airport in Tokyo

Deadline Time as Japan's Olympus struggles to Survive

Japan's scandal-ridden Olympus Corp faces one of its biggest challenges to survive as an independent company on Wednesday, when it must meet a deadline to file its second-quarter results or be delisted from the Tokyo stock exchange.
Charlie Sheen gets his "Anger Management" on TV show

Men producers feared cocaine would kill Charlie Sheen

Charlie Sheen was fired from his starring role on TV sitcom Two and A Half Men because he was so addicted to cocaine that program makers feared he might die, or cause someone else to die, producer Chuck Lorre said.
Verizon Galaxy Nexus

Verizon Galaxy Nexus: Next Stop Costco on Dec.15?

It seems the long hard wait for the Verizon Galaxy Nexus is drawing to a close. Verizon continues to hold its silence, but the phone has already surfaced in some Best Buy stores and the next stop appears to be Costco on Dec.15, according to the stores internal pricing guides.
Nordstrom

Nordstrom: Retail Gem - Stock Review

It's an understatement to say that the Great Recession took its toll on department store chains, but there are survivors, and Nordstrom (JWN) is one.
Grasberg mine

End of Grasberg Strike Imminent - Report

Freeport McMoRan Copper & Gold Inc and its Indonesian workers' union expect to sign a pay deal on Tuesday to end a three-month strike that has crippled production at the world's second-biggest copper mine, two sources told Reuters.
Shoppers stand outside of a Target store at midnight on "Black Friday" as they wait for those who stood in line to enter the store first in Torrington

Competition to cut food inflation in Canada: report

Target Corp's impending arrival in Canada, paired with Wal-Mart Stores Inc's expanding grocery business in the country, will help slow food inflation next year and keep established grocers under pressure, researchers said on Monday.
Dwight Howard

Dwight Howard Trade Talk: Magic Center Staying Put...For Now

After formally requesting a trade on Saturday, citing a tense relationship with general manager Otis Smith on Sunday, Orlando Magic center Dwight Howard's time in the Disney City looked to be vanishing. However, a recent talk with new CEO Alex Martins and newly-signed Glen Big Baby Davis may have put that notion to some rest.
Michael Burke

Fendi CEO to become head of Bulgari

LVMH said on Monday that Michael Burke, head of Italian fashion brand Fendi, would become chief executive of jeweller Bulgari in February as part of a management reshuffle following its acquisition.
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Collectors evolving into 'passionate investors'

Dennis Varni remembers buying his first car, a 1931 Ford Model A, more than a half century ago when he was 14. It cost him $45 and to amass that princely sum, he picked fruit, hawked his model train set and even sold the clothes off his back.

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