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Post-crackdown, Peru Mining Town Limps
This nearly half-century-old Amazon boomtown of Peru has gone bust with the government's recent crackdown on illegal gold mining. Mayor Marco Ortega estimates more than 22,000 people have left Huepetuhe since the government halted gasoline shipments in April and sent troops to destroy heavy machinery used in mining that it deemed illegal. He says only about 3,000 people remain. The government official overseeing the crackdown has said authorities plan to provide work for miners rendered jobless, but Ortega says no assistance has arrived.
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Japan Business Sentiment For Manufacturers Improves In Third Quarter: BOJ Tankan
Japanese business confidence among manufacturers improved for the first time in two quarters in the three months to September, a central bank survey showed, an encouraging sign that parts of the economy are stabilizing. However, sentiment for the services sector worsened more than expected, suggesting some companies are still struggling to shake off the impact of a sales tax hike in April.
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Sean ''Diddy'' Combs Calls Jennifer Lopez's Booty A ''Work Of Art," Says Kim Kardashian's Butt Can't Compare!
Sean "Diddy" Combs is gushing over ex-girlfriend Jennifer Lopez. During an interview with Access Hollywood Live this week, the 44-year-old rapper and media mogul was asked about J.Lo's signature asset, her bum, which she proudly shows off in her super-sexy new music video for her hit song "Booty." Combs gushed, "Oh my God. I'm so lucky to have that great woman in my history, she is one of the greatest I've ever seen. Show them J, go girl! Go girl!" Co-host Billy Bush asked, "Is Kim Kardashian even in the same conversation?" And Combs replied, "No way! No way. No disrespect to Kanye [West] and Kim but that thing right there, that thing right there is something special."
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American Apparel Board Open To Letting Charney Stay: Bloomberg
Bloomberg is reporting, citing people familiar with the matter, that American Apparel Inc's board is increasingly open to letting its ousted founder, Dov Charney, stay at the company. Bloomberg reported the U.S. retailer is also considering giving Charney a new role. He currently serves as a consultant to the company. American Apparel's shares were up 2.4 percent in extended trading. American Apparel said on Monday it hired Scott Brubaker, a managing director at turnaround firm Alvarez & Marsal, as interim chief executive, replacing John Luttrell, who had been serving as both interim CEO and CFO since Charney's exit. Bloomberg said Luttrel's departure could make it easier for Charney to make a come back. The news service reported Brubaker has also been in talks with Charney.
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Katherine Heigl Shares Diet Meal Plan With Her Husband Josh Kelley
Ah, so that's the secret behind Katherine Heigl's fabulous figure! The actress shared a pic on her Instagram recently showing her and hubby Josh Kelley sitting down for a meal together, a very special meal at that. She wrote to the cute pic, "Josh kelley and I having a romantic diet delivery dinner together…a couple that diets together, stays together." Heigl appears to be enjoying green veggies and protein along with a glass of wine, while her husband dines on the same. The two looked at each other with a funny expression as they chow down on their delivery service meals together.
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JPMorgan To Face U.S. Class Action In $10 Billion MBS Case
A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis. U.S. District Judge Paul Oetken in Manhattan certified a class action as to JPMorgan's liability but not as to damages, saying it was unclear how investors could value the certificates they bought, given how the market was "not particularly liquid." He said the plaintiffs could try again to certify a class on damages. Oetken ruled 10 months after JPMorgan reached a $13 billion settlement to resolve U.S. and state probes into the New York-based bank's sale of mortgage securities.
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Brazil's Rousseff Widens Lead Over Silva In Election Poll
President Dilma Rousseff has extended her lead over opposition candidate Marina Silva and would win a runoff to Brazil's presidential election by 8 percentage points, a new poll said on Tuesday. The Datafolha survey showed Rousseff has 49 percent voter support compared with 41 percent for Silva in a simulation of an expected second-round vote, doubling the 4 percentage point lead she had in the previous poll released on Friday. 26.
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Tony Hsieh Steps Down From Vegas Downtown Project
Tony Hsieh, the CEO and founder of Zappos has stepped down from his leadership role at the Las Vegas Downtown Project, according to Re/code. Hsieh created the massive $350 million project to revitalize several city acres east of Las Vegas Boulevard and convert the area into a tech hub. Hsieh’s announcement comes right on the heels of a massive 30 person layoff at the project.
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3 Charged With Homicide In Mexico Army Killings
Three soldiers have been charged with homicide in the June killings of 22 suspected gang members in southern Mexico, Attorney General Jesus Murillo Karam announced on Tuesday. Murillo Karam said a total of eight military personnel initially participated in a brief, 8- to 10-minute gunfight with the armed suspects. The army initially reported that the gang suspects died in a shootout with soldiers in the June 30 incident in San Pedro Limon. On Monday, a U.N. special rapporteur for human rights called for the Mexican government to conduct a thorough probe of the incident as a possible case of "summary executions."
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Mercer Cuts Ratings On Pimco Funds, More Outflows Could Follow
Influential pension consultant Mercer Investment Management has downgraded its ratings on five Pimco funds, possibly triggering another wave of institutional investor outflows from the Newport Beach, California, bond fund manager. It was the latest blow after Morningstar downgraded its analyst rating on the flagship Pimco Total Return Fund to "bronze" from "gold" late Monday, citing uncertainty about outflows and the reshuffling of management responsibilities after the exit of co-founder Bill Gross last Friday.