Boeing, SpaceX Share NASA Contracts

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NASA has awarded Boeing a contract worth as much as $4.2 billion and rival Space Exploration Technologies a separate pact valued at up to $2.6 billion to develop, test and fly space taxis to carry U.S. astronauts into orbit.

Richemont Sales Dimmed by Asia

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Richemont reported a 1% sales increase during the five months ended in August, slowing growth relative to the same period last year as the luxury sector grapples with waning demand in Asia.

Head of GM's Cadillac Brand Plans Revival

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The new head of GM's Cadillac luxury brand says he intends to slash inventories of unsold sedans in the U.S., push to reduce the number of dealerships and expand the portfolio of models.

Fed Dims Emerging Markets' Allure

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Fears of higher U.S. interest rates are prompting fund managers to cut back on investments in emerging markets.

Al Gore's Fund to Invest in Seventh Generation

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Al Gore's investment fund is pouring $30 million into Seventh Generation Inc., the maker of eco-friendly household products, to help build a war chest for acquisitions.

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