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Wall St. opens flat as tech gains offset Turkey currency woes
U.S. stock indexes opened flat on Monday as a meltdown in the Turkish lira that dragged on shares of big U.S. lenders was offset by an uptick in technology stocks.
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Netflix finance chief David Wells to step down
Netflix Inc Chief Financial Officer David Wells will step down after eight years in the role, the video streaming company said on Monday.
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Independent labels urge EU to block Sony’s $2.3 billion bid for EMI
Independent music labels group Impala has called on EU antitrust regulators to block Sony Corp’s bid to become the world’s largest music publisher with its $2.3 billion offer for control of EMI, saying the combination would have too much market power.
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Musk says Saudi fund expressed support for taking Tesla private
Tesla Inc Chief Executive Officer Elon Musk said the Saudi Arabian sovereign wealth fund has expressed support for funding a deal that could take the electric car maker private.
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Turkey tries to contain crisis but currency keeps falling
ANKARA, Turkey (AP) — Turkey’s central bank took action Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan’s economic policies and a trade and diplomatic dispute with the United States. …read more […]
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Former Audi CEO Stadler’s request to be freed from custody rejected
Former Audi Chief Executive Rupert Stadler’s request to be freed from custody has been rejected, the Munich court of appeal said on Monday.
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Sean Spicer on Omarosa's White House recordings
Former White House Press Secretary Sean Spicer on Omarosa Manigault-Newman making secret recordings at the White House including chief of staff John Kelly. …read more […]
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Brazil’s Congress should weigh in on Embraer-Boeing deal: lawmaker
Brazil’s Congress should be consulted on a plan for U.S. planemaker Boeing Co to take over the commercial jet unit of Embraer SA , the speaker of Brazil’s lower house of Congress said in a newspaper interview published on Monday.
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Should You Still Buy Twilio After Its 220% Rally This Year?
The cloud service provider’s numbers look great — but mind the GAAP. …read more […]
Business News
European bank stocks lose more ground as concerns on Turkey spread
Shares in Europe’s major banks lost further ground on Monday, as concerns about Turkey’s deepening currency crisis spread to other emerging markets.
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European bank stocks lose more ground as concerns on Turkey spread
Shares in Europe’s major banks lost further ground on Monday, as concerns about Turkey’s deepening currency crisis spread to other emerging markets. Turkey’s lira pulled back from a record low against the dollar on Monday morning after the central bank pledged to provide liquidity and cut reserve requirements for Turkish banks, but the currency’s meltdown continued to shake global markets. The lira has lost most than 40 percent of its value so far in 2018. …read more […]
Business News
Futures drop on worries about Turkey currency crisis
U.S. stock index futures fell on Monday as a meltdown in Turkish lira weighed on shares of big U.S. lenders and triggered a widespread selloff in global equities.
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The Zacks Analyst Blog Highlights: Apple, Amazon.com, Adobe, Micron Technology and Intel
The Zacks Analyst Blog Highlights: Apple, Amazon.com, Adobe, Micron Technology and Intel …read more […]
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Why Smart People Take Social Security at 62
Claiming early could sometimes give you a higher household income. …read more […]
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Bayer Shares Plunge After Monsanto Loses Roundup Cancer Trial
Aug.13 — Bayer AG shares plunged the most in nearly seven years after Monsanto Co. lost a trial related to Roundup weed killer. Bloomberg’s Naomi Kresge reports on “Bloomberg Surveillance.” …read more […]