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Chinese reports about a giant inflatable toad have been deleted from the Internet after social media users compared the puffed-up animal to a former Communist Party chief. The installation of a giant inflatable duck in Hong Kong's harbour last year sparked a national craze for oversized blow-up wildlife, with several Chinese cities launching their own imitations. The latest, a 22-metre-high (72-feet) toad, appeared in a Beijing park last weekend, but met with mockery from social media users who compared its appearance to that of former President Jiang Zemin. The website of China's official Xinhua news agency and popular web portal Sina had deleted their reports on the animal -- seen as a symbol of good fortune in traditional Chinese culture -- by Wednesday.
WASHINGTON (AP) — Regulators are expected to vote Wednesday to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors.
Embattled Los Angeles Clippers owner Donald Sterling filed a new lawsuit as testimony continued in a probate trial on the validity of a $2 billion deal to sell the NBA team. A mess that began in April when recordings of Sterling making racist comments to his would-be girlfriend led to his being banned from the NBA for life by league commissioner Adam Silver, lingers on -- even as an August 15 deadline approaches to complete the deal, or risk having the offer withdrawn. The league began proceedings to strip ownership from Sterling before he gave wife Shelly the power to make a sales deal. She struck a $2 billion pact with former Microsoft chief Steve Ballmer, only to have Sterling file a lawsuit challenging the validity of the forced sale.