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Millennial 'NOwners' follow Uber with new fashion trading model

Wednesday, May 27, 2015 10:21pm

Alexis Rutledge shops for clothes at Crossroads Trading Company, which buys and sells used clothing, in San FranciscoBy Jilian Mincer NEW YORK (Reuters) - Allison Armour loves fashion, but doesn't need to keep it in her closet. The 24-year-old frequents privately-held chain Crossroads Trading Co, where she buys brand-name goods secondhand at a discount, then sells the items back when she wants to refresh her look. Armour, a marketing manager for a nonprofit in Oakland, California, has picked up skirts and shirts, Oxford shoes for $30, a J.Crew trench coat for $40 and a Dooney & Bourke satchel for $150, less than half its retail price.


Norway oil fund to slash coal investments

Wednesday, May 27, 2015 10:20pm

STOCKHOLM (AP) — Norway's parliamentary parties have agreed that the country's $900 billion sovereign wealth fund should stop investing in coal companies because of their impact on climate change.

Star managers battered by rocky ride in yields, currencies

Wednesday, May 27, 2015 10:15pm

U.S. dollars are counted out by a banker at a bank in WestminsterPimco's flagship Total Return Fund, which lost its crown as the biggest bond fund in the world in April, had been lagging its peer intermediate-term category and benchmark after going long German bunds and shorting euros against the dollar in recent months. Not every well-established bond manager is having a bad year.


Warriors eliminate Rockets, end 40-year NBA Finals drought

Wednesday, May 27, 2015 10:13pm

Golden State Warriors players celebrate after Game 5 of the NBA basketball Western Conference finals against the Houston Rockets in Oakland, Calif., Wednesday, May 27, 2015. The Warriors won 104-90 and advanced to the NBA Finals. (AP Photo/Ben Margot)OAKLAND, Calif. (AP) — After a generation of wishing and waiting, the Golden State Warriors have finally arrived on basketball's biggest stage again.


Is rent out of reach? Study shows how 11 US cities stack up

Wednesday, May 27, 2015 10:08pm

FILE- In this May 20, 2015 file photo, Midtown Manhattan, including the Empire State Building, center, are seen from the observatory at One World Trade Center in New York. Renters are on the rise in America's biggest cities, but many tenants are scrambling to keep up with growing rent bills and shrinking vacancies, according to a study being released Thursday, May 28, 2015. (AP Photo/Mark Lennihan, File)NEW YORK (AP) — Renters are on the rise in America's biggest cities, but many tenants are scrambling to keep up with growing rent bills and shrinking vacancies, according to a study being released Thursday.


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