Penn State University has paid out $5.76 million to the estate of Joe Paterno, its heralded head football coach who lost his job as part of a spiraling sex abuse scandal involving one of his former assistants, a school athletic official said Thursday.

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Penn St. paid Paterno’s estate $5.76M

Vivian Toy has visited nearly 600 Manhattan co-ops and condos, mainly for the Real Estate section’s “On the Market” page.

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Vivian S. Toy: The Apartment Critic

The Louis Armstrong museum and archive, which has plans to expand, received a donation of items from the estate of a major collector.

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Louis Armstrong Museum Gains Photos, 78s and More

Germany finds itself 55bn euros richer after discovering an accounting error at Hypo Real Estate, the bank it nationalised in 2009.

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Germany finds an extra 55bn euros

Germany finds itself 55bn euros richer after discovering an accounting error at Hypo Real Estate, the bank it nationalised in 2009.

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Germany finds an extra 55bn euros

New England just got a new hangout. Instead of leaving his estate to a family member or friend, a man in Italy requested in his will that the city of Boston inherit his acreage. His mother and aunt both lived in Boston, which he has idolized for a…

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Man Leaves Italian Villa to Boston

Architect Frederick Law Olmstead’s ideals could help solve 21st-century real estate problems.

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Olmsted’s ideals could help solve our real estate mess

President Obama’s tax-cut deal now faces its crucial test in the House. The Senate passed the bill by a huge margin on Wednesday, 81-19. Now the bill goes to the House, where Democrats have talked about amending the estate-tax provision-a move that…

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Senate Passes Tax-Cut Deal

The International Tolstoy Conference lasts four days and is held on the grounds of Yasnaya Polyana, the estate where Tolstoy was born, lived most of his life, wrote War and Peace and Anna Karenina, and is buried. . . .

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ELIF BATUMAN—The murder of Leo Tolstoy:
A forensic investigation

A Manhattan judge ruled Thursday that a lawsuit against a 4-year-old girl for negligence can continue. Juliet Breitman, 4, is being sued by the estate of an elderly woman, Claire Menagh, whom she hit while riding her bicycle. The woman suffered a hip…

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4-Year-Old Sued for Negligence

Jimi Heselden, the owner of the Segway company, died on Sunday after he rode a Segway off a cliff at his estate in Britain. His death appears to be an accident-police say they do not believe it to be suspicious. “A Segway-style vehicle was recovered,”…

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Segway Co. Owner Dies on Segway