Icahn Says Trump Taj Mahal Likely Will Close

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Billionaire investor Carl Icahn says the struggling Trump Taj Mahal “will almost certainly close,” as the would-be purchaser of the casino said the property’s finances are dire.

Gucci Names New China Chief

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Gucci taps a new China chief to reverse its fortunes in a market saturated with brands and hit by a government crackdown on official gift-giving.

U.S. Auto Sales Fuel GM Earnings

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General Motors reported a 14% drop in its third-quarter profit but beat analyst expectations as strength in North America offset weaker results in other regions of the world.

'Cheap Chic' Gets Cheaper Yet

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Primark, the U.K. fast-fashion chain that sells T-shirts for a couple of pounds and doesn’t believe in online retailing, wants to make it big in the U.S. Its big selling point to America will be price.

China CNR Bags Major U.S. Contract

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A Chinese railcar maker said it won the local industry’s first major contract in the U.S., with an agreement to supply 284 subway cars for $556.6 million to the state of Massachusetts.

Tesco Chairman to Step Down

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Tesco said Chairman Richard Broadbent would step down as it revealed the accounting practices that led to an overstatement of its profit had occurred in prior periods as well.

Janus Says Profit Rises 25%

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Bond kingpin Bill Gross’s new home, Janus Capital Group, said its profit rose 25% as its revenue and assets under management grew.

London Real-Estate Market May Be Cooling

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Homes in the U.K. capital have been among the hottest global assets in recent years, but signs continue to suggest the heat is escaping.

Airbnb Mulls Employee Stock Sale at $13 Billion Valuation

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Apartment-rental site Airbnb has met with investors to discuss an employee stock sale that would value the apartment-rental site at about $13 billion, according to people familiar with the matter.

GM's Finance Unit Receives Additional Subpoenas

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General Motors Co. said its GM Financial lending arm received additional investigative subpoenas in September from government officials relating to its subprime auto finance business and how it securitizes those loans.

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