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Hotel Bel-Air back to business after protest

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When the posh Hotel Bel-Air was re-opened earlier this month by luxury hotel chain the Dorchester Collection, the reviews from the neighbors and press outlets who follow such things was warm and admiring. But from the reported 260-plus union workers who were laid off as a result of the renovation ... not so much.

The 'Emperor' of Olympus, Protector no Longer

Olympus Corp President Kikukawa speaks during a news conference in Tokyo
When Michael Woodford began his short tenure as Olympus president, he described the man who hired him, Chairman Tsuyoshi Kikukawa, as an umbrella, a protective cover to deflect anyone out to stop the Briton's western-style tough cost-cutting.
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Michael Woodford, the former chief executive of Olympus Corp, poses for a photograph in London

Olympus Stock Sinks Further After Report of FBI Probe

The U.S. Federal Bureau of Investigation is probing the massive advisory fee paid by Japan's Olympus Corp. in its takeover of a British company, a media report said, as the firm's shares continued to slide over the scandal.
The logo of Swiss bank UBS on the roof of the company's headquarters is seen behind a road sign at the Paradeplatz square in Zurich

UBS to Target 10-15 Percent Return on Equity: Report

UBS may cut its return on equity target by 5 percentage points to a range between 10 and 15 percent at an investor day next month when the Swiss bank is expected to announce the shrinking of its investment bank.
Oil in Western North Dakota

Want to Double or Triple Your Paycheck? Move to Williston, N.D.

Williston, N.D., is booming. And it's all because of the oil. People are moving there in en masse. It is probably the one place in the nation where there are not enough empty homes to meet the new residents' demands. North Dakota has the lowest unemployment rate of the 50 states at 3.5 percent, and it can tout the fact that workers' salaries have doubled and tripled recently.
Unused oil rigs sit in the Gulf of Mexico near Port Fourchon, Louisiana August 11, 2010.

U.S. Approves New BP Exploration Plan in Gulf of Mexico

U.S. regulators on Friday approved BP's new exploration plan, moving the company closer to drilling new wells in the lucrative deep waters of the Gulf of Mexico a year and a half after the biggest offshore oil disaster in U.S. history.

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