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In an interview with NPR, The New York Times' new executive editor, Dean Baquet, said Jill Abramson was fired because of her failed relationship with the publisher and with senior editors.

Two large investors — Ares Management LLC and the Canada Pension Plan Investment Board — have reached a deal to purchase Neiman Marcus, Inc., for $6 billion, the companies said Monday. The two buyers will hold equal shares of Neiman, which is based in Dallas.

Radio Cosmopolis begins the new year by revisiting some favorite tracks that I played for the first time during 2011, including music by Vusi Mahlasela,…

As President Obama tries to make good on threats to punish Syrian officials for crossing a "red line" with their suspected use of chemical weapons, he's being buffeted by political crosscurrents.

Also: U.N. envoy calls for transitional government in Syria; former President George H.W. Bush remains hospitalized; and talks to avoid an East Coast port strike resume.

President Obama called the unnamed man "one of the most important intelligence agents that the United States has ever had in Cuba." The agent spent nearly two decades in a Cuban prison.

Oracle CEO Larry Ellison ranks No. 3 and the Koch brothers jointly occupy the No. 4 spot on the list of the wealthiest Americans.

The cost of the 2012 election will top a record $6 billion, according to the Center for Responsive Politics. If you find it difficult to visualize that figure, here are a few other ways to think about what $6 billion could buy.

U.S. employers added far more jobs than expected — 288,000 — in April, the Bureau of Labor Statistics reports. In a separate survey, the unemployment rate dipped by 0.4 percentage points.

U.S. and Pakistani intelligence operatives captured the Taliban's second-in-command. Mullah Abdul Ghani Baradar effectively ran the organization, U.S. officials say, directing Taliban military strategy in Afghanistan and controlling the group's finances.