Markets

Wells Fargo raises payout over sham accounts to $142 million

But in practice, directors who win with less than 80 percent support should consider exiting the board, said Charles Elson, a University of DE expert on corporate governance."If they're below 80 (pe...

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Republican healthcare bill 'a huge tax cut for guys like me': Buffett

Yet in a sign that the 86-year-old stock-picker is thinking of his company's future without him, Buffett suggested at the Berkshire Hathaway annual meeting Saturday that he is now considering the poss...

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United States economic growth slows to weakest rate in 3 years

United States economic growth slows to weakest rate in 3 years

Despite the anemic first-quarter performance, the US economy's prospects for the rest of the year appear solid. Additionally, job gains remain solid, gas prices are low and wage growth has been pick...

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Antonio Conte: Chelsea boss thinks English clubs are hindered in Europe

Antonio Conte: Chelsea boss thinks English clubs are hindered in Europe

The Blues have been in indomitable form this season and can pick up a total of 93 points should they win their remaining games, a figure surpassed only by the Blues themselves in their title winning c...

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Serious reservations about OBOR: Arun Jaitley

Frosty relations were on full display here when India's Finance Minister Arun Jaitley was on dais with Federal Minister for Finance and Economic Affairs Senator Muhammad Ishaq Dar, often sharing cold ...

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House committee approves bill to overhaul Dodd-Frank

Improvements to the Dodd-Frank Act's enhanced prudential standards, favoring a regulatory system tailored to reflect the unique business operations, risk and capital profile of diverse financial servi...

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Cook remains optimistic on China despite Q2 revenue decline

This figure was also down 34 percent from revenue of $16.2 billion recorded for Q1 in the Greater China markets, including mainland China, Hong Kong, and Taiwan. The disclosure for this sale can be ...

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Dollar Rising As Fed Leaves Rates Unchanged

The Fed voted unanimously to leave its benchmark interest rate at 0.75% to 1%, but signaled another rate hike is imminent despite recent economic weakness. The 0.7% annual growth rate in the first thr...

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Ducati for sale? Everybody wants to buy Ducati, so is Royal Enfield

Ducati for sale? Everybody wants to buy Ducati, so is Royal Enfield

While the company went bankrupt in the United Kingdom in 1957, the Indian arm continued to produce motorcycles and continues to do so even today. Eicher Motors-owned two-wheeler maker Royal Enfie...

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Oil hovers near $46 as shale revival cancels out OPEC efforts

Oil hovers near $46 as shale revival cancels out OPEC efforts

After falling nearly 5 percent on Thursday, both contracts continued to collapse overnight with WTI falling to $43.76, its lowest since November 15, and Brent down to $46.64, its lowest since Nove...

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The 'Oracle of Omaha' Condemns Republican Health Care Bill At Berkshire Meeting

Wells Fargo spokesman Mark Folk said "we agree" with Buffett's comments, and have taken "decisive actions" to fix the problems and "make things right for customers". Earlier this week, Buffett announc...

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Canada Jobless Rate Hits Near-decade Low

Canada Jobless Rate Hits Near-decade Low

The unemployment rate has not been this low since May of 2007, almost a decade ago. On Friday morning before the jobs report was released , futures markets pointed to a 78.5 percent chance that c...

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US Federal Reserve holds interest rates steady

The Federal Reserve kept its benchmark interest rate unchanged and said weak economic growth in the first quarter was "transitory", according to a statement Wednesday. Interest rates remain at histo...

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U.S. labour market tightening as productivity weakens in Q1

U.S. labour market tightening as productivity weakens in Q1

Over the first three full months of Trump's presidency, the economy has averaged 174,000 jobs added per month. Hispanic workers were at 5.2 percent unemployment, down from more than 6 percent in April...

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Sales tax creditors kick off likely wave of lawsuits against Puerto Rico

The financial collapse promises to impose deep losses on bondholders who for years snapped up Puerto Rico's securities, even as the government contended with a shrinking economy and chronic budget sho...

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North Korea detains another USA citizen: state media

North Korea detains another USA citizen: state media

He was detained by North Korea "on suspension of his hostile acts against it", according to the news agency, and "a relevant institution is now conducting detailed investigation into his crimes". Al...

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Buffett: Berkshire Stock to Gain the Day After I Die

Buffett: Berkshire Stock to Gain the Day After I Die

In 2016, there were just 81,000 according to official figures. "We should try to hit both objectives, to make sure there is not roadkill and 320 million people get the benefits of free trade", Buf...

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AkzoNobel rejects 3rd PPG Industries takeover bid

AkzoNobel rejects 3rd PPG Industries takeover bid

PPG warned its third offer on April 24 was "one last invitation" to AkzoNobel to "engage with us on creating extraordinary value and benefits for all of AkzoNobel's stakeholders". Among the options ...

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Korea detains another American over alleged hostile acts

Last week, Mary wrote about North Korea detaining a third American, and today we learn that they have detained a fourth American citizen. It was the second time within one month that North Korea has...

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China's crude oil imports ease in April from record level

China's crude oil imports ease in April from record level

Dollar-denominated imports rose at an annualized 11.9%, following a 20.3% gain the previous month. In local currency terms, export growth slowed from a 22.3% year-on-year clip in March to 13.4% in A...

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His support for black colleges remains 'unwavering'

His support for black colleges remains 'unwavering'

A statement from President Donald Trump is creating confusion about how much of your tax dollars will go to Historically Black Colleges and Universities. University of SC law professor Derek W. Black...

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USA unemployment hits 4.4%, lowest in a decade

USA unemployment hits 4.4%, lowest in a decade

The unemployment rate dropped to 4.4 percent in April, its lowest level in almost a decade. This jobs report bolsters that interpretation, with gains across industries - even in sectors such as re...

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Puerto Rico hit with lawsuits after litigation freeze ends

Puerto Rico hit with lawsuits after litigation freeze ends

Puerto Rico, whose government owes more than $70 billion in bond debt, also has almost $50 billion in pension liabilities as a effect of a more than decade-long recession. This is probably not an opti...

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Rs 2 crore bribe charge on Kejriwal — AAP crisis

Senior Aam Aadmi Party (AAP) leader Kumar Vishwas today came out in support of Delhi Chief Minister Arvind Kejriwal after sacked minister Kapil Mishra accused him of accepting Rs 2 crore "bribe" in ca...

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Ascena Retail Group, Inc. (ASNA): Noteworthy Price Swings

This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. Stoneridge Investment Ptnrs Limited Liability invested 0.28% in Ascena Retail...

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Warren Buffett kicks off annual meeting

But, he said, "it is absolutely essential to America that we become more productive, and 3G was "very good at making a business productive with fewer people". On the methane emissions proposal from sh...

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Oil prices dive below US$47 a barrel

CRUDE CONCERNS: U.S. benchmark crude futures fell under the key $45 level after tumbling almost 5 percent during U.S. trading. This year has seen the oil price hold fairly stable above the $50 mark...

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North Korea Says It's Detained Another American Citizen

The U.S., South Korea and other states have accused North Korea of detaining foreigners for use as diplomatic bargaining chips. Trump has further spiked animosity by saying he isn't ruling out milit...

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Gulp: First-quarter GDP sinks to lowest in three years

GDP increased 0.7 percent in the first three months of the year as consumer spending and government expenditures tumbled to their lowest levels in years, the Commerce Department reported Friday, pre...

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Buffett downplays value clash between Berkshire, cost-cutting 3G

On 3G, with which Berkshire controls Kraft Heinz Co and tried to merge it with Unilever NV, Buffett acknowledged a dislike for the cost-cutting for which the Brazilian firm is known. Berkshire is the ...

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United States growth hits 3-year low in Trump's first quarter

United States growth hits 3-year low in Trump's first quarter

This was the biggest quarterly growth since December 2007 and slightly faster than the 0.5 percent growth in the last quarter of 2016. The Commerce Department said a more accurate estimate for t...

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North Korea: US, South Korean spies tried to kill Kim Jong Un

U.S. Secretary of State Rex Tillerson said on May 3 that Washington was working on more sanctions against North Korea if it takes steps that merit a new response. It can detect incoming North Ko...

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Always Dreaming Wins Derby

Always Dreaming Wins Derby

Another benefit of the win is getting a chance to celebrate with jockey John Velazquez, who had won his own Kentucky Derby in 2011 aboard Animal Kingdom. Got a nice position going to the wire. Iri...

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Theresa May tells Jean-Claude Juncker to mind his language

Mr Davis also backed Mrs May's response as he claimed the commission was "trying to bully the British people", adding on BBC One's Question Time: "The British people will not be bullied, and the Gov...

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Warren Buffett: Shares 'number one problem with mankind'

The legendary investor said costs for healthcare have exploded in the U.S. and are holding back business growth. At Berkshire's shareholder meeting Saturday, Buffett was asked about the challenges o...

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