Headlines May 12, 2015

Picasso painting sells for $179.4 million; sets auction record.

Billionaire Paulson scores hedge fund wins in April.

Toshiba slumps a second day as analysts suspend ratings on probe.

Fosun International seeks to raise $1.2 billion in share sale.

Bond slump extends in Asia as stocks swing while copper rallies.

Mylan chairman said to consider Perrigo Sweeteners to make deal.

American Apparel to raise capital after posting wider loss.

JPMorgan hires Keith Canton as head of private capital markets.

Wynn Resorts biggest shareholder T. Rowe cuts stake 40%.

Nangle: everyone is looking in the wrong place for the answer to low real rates.

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