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Deutsche Bank sues Madoff feeder funds for reneging on $1.6 billion claims sale

Deutsche Bank has sued two offshore funds that funneled money to Bernard Madoff for 14 years, accusing them of reneging on their agreement to sell more than $1.6 billion of claims in the bankruptcy of the swindler’s firm. According to Deutsche Bank, Kingate wrongfully concluded that the sale was no longer “binding” because too much time had passed and a related agreement had not been signed. …read more […]

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Elon Musk unveils Tesla’s new Cybertruck

Elon Musk unveiled Tesla’s new Cybertruck at the Los Angeles Auto Show. The Tesla CEO ran several tests at the show to demonstrate the strength of the car’s body and the glass. Yahoo Finance’s Dan Roberts, Heidi Chung, Kristin Myers and Melody Hahm discuss on YFi AM. …read more […]

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3 “Strong Buy” Stocks Set for Triple Digit Gains

Which names can step up to the plate and hit the ball right out of the park? We are referring to the stocks that have a long growth runway ahead of them, lining up to deliver a win in the long-run. While these kinds of investments are highly sought after, it doesn’t mean they are easy to find.Luckily, TipRanks’ Stock Screener can help get the job done. The tool enabled us to filter our search by analyst consensus, price target and market cap as well as sort the results by upside potential from the current share price. As a result, …read more […]

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Victoria’s Secret Fashion Show cancelled this year

After more than a two decade run, the Victoria Secret Fashion Show is bidding farewell. Many have been predicting the Fashion Show’s downfall especially as the company continues to receive widespread criticism for its non-inclusive campaigns. Yahoo Finance’s Dan Roberts, Heidi Chung and Kristin Myers discuss on YFi AM. …read more […]

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AstraZeneca shares rise on early U.S. approval for leukemia drug

AstraZeneca shares rose 2.7% on Friday after the British drugmaker won earlier-than-expected U.S. regulatory approval for a leukemia drug, in a challenge to rival AbbVie . AstraZeneca said late on Thursday that the U.S. Food and Drug Administration (FDA) had given its go ahead for the company’s Calquence drug to treat chronic lymphocytic leukemia (CLL), one of the most common types of leukemia in adults. …read more […]

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Aerospace suppliers prepare for prolonged grounding of 737 MAX

Makers of aircraft parts are making contingency plans for a prolonged grounding of Boeing’s 737 MAX, with several expecting the jet’s return to service to take longer than the planemaker hopes. The start date of deliveries of the MAX, grounded worldwide in March following a second fatal crash in five months, and the pace of production, which affects prices of aircraft parts, were key topics of discussion among suppliers at the Dubai Airshow this week. Boeing has said it hopes to begin deliveries of the jet next month after a software fix is approved by the U.S. Federal …read more […]

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UPDATE 1-Brazil inflation in mid-November slips to second lowest in over 20 years

Brazilian inflation fell to the second lowest level in more than two decades, according to a mid-month measure of consumer prices released on Friday, a figure likely to give the central bank extra cover to reduce interest rates again next month. The annual rate of Brazil’s IPCA-15 consumer price inflation in the month to mid-November fell to 2.67% from 2.72% the month before, marking the lowest rate since September last year and the second lowest since March 1999. Both the annual and monthly rates of consumer price increases in mid-November were slightly below the median forecasts in a …read more […]