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U.S. top court rejects Nomura and RBS appeal in mortgage-backed securities case

WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear an appeal brought by Nomura Holdings Inc and the Royal Bank of Scotland Group PLC seeking to overturn an order requiring them to pay $839 million for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac.

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Revolution Lighting Technologies Inc’s (NASDAQ:RVLT) Shift From Loss To Profit

Revolution Lighting Technologies Inc’s (NASDAQ:RVLT): Revolution Lighting Technologies, Inc. designs, manufactures, markets, and sells light-emitting diode (LED) lighting solutions focusing on the industrial, commercial, and government markets in the UnitedRead More… …read more […]

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Harley-Davidson to move some production out of U.S. to avoid EU tariffs

(Reuters) – Harley-Davidson Inc said on Monday it would move production of motorcycles shipped to the European Union from the United States to its international facilities and forecast the trading bloc’s retaliatory tariffs would cost the company $90 million to $100 million a year.

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Harley-Davidson will not raise prices to cover tariff costs

The tremendous expense if passed onto its dealers and retail customers would have a lasting detrimental impact to its business in the region, the company said in a regulatory filing https://bit.ly/2tA1ru0. Harley-Davidson said tariffs would reduce customer access to its motorcycles and hurt the dealers’ businesses. Last week, the European Commission said it would start charging import duties of 25 percent on a range of U.S. products after Washington imposed tariffs on EU steel and aluminum at the start of June. …read more […]

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Harley-Davidson Moves Some Production Out of U.S. After Tariffs

Harley-Davidson Inc. plans to shift some production of its iconic motorcycles out of the U.S. in response to retaliatory European Union tariffs, as President Donald Trump’s trade war ripples back to American companies. Each motorcycle will cost an average of $2,200 extra after the European Union raised its tariff on imported U.S. bikes to 31 percent from 6 percent on June 22, the Milwaukee-based manufacturer said Monday in a regulatory filing. While it’s committed to making motorcycles in the U.S., it has no other choice in a market where it sold almost 40,000 bikes last year. …read more […]