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Live the Tuscan life in Greenwich, Conn. by shelling out $13 million

  Bloomberg In 1900, two years before he would be named the president of American Radiator (the predecessor to American Standard), Clarence Wolley built a Tuscan-style estate in Greenwich, Conn. Now its latest owners, Andrew and Judith Ban, entrepreneurs who founded the wholesale jewelry line Leslie’s Jewelry, are putting the house on the market for $12.995 million after living in ...

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China City Construction to repay yuan debt early

  Bloomberg China City Construction Holding Group Co., whose recent shareholder change triggered early redemption of its debt, will buy back its 2.5 billion yuan ($382 million) offshore yuan bond before maturity on June 20. Its 2.5 billion yuan notes maturing 2017 jumped 1.5 yuan to 96.3 yuan, the biggest gain since May 9. That leaves it set for the ...

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Luxury brands struggle to attract Internet generation

  San Francisco / AFP Seducing hyper-connected “Millennials” poses an increasing challenge for luxury brands, which find their markets slowing as young, skeptical consumers force them to rethink strategies. Goldman Sachs estimates that 92 million Americans are in the Millennial generation — born between the early 1980s and the 2000s — surpassing the famed cohort of postwar Baby Boomers who are ...

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