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Updated: 26 min 47 sec ago

China money rates fall after c.bank's record injections, yuan firms - Reuters

1 hour 46 min ago

THE BUSINESS TIMES

China money rates fall after c.bank's record injections, yuan firms
Reuters
SHANGHAI Jan 20 China's primary money rates fell on Friday, but remained at elevated levels, after the central bank pumped a record amount of liquidity into markets in an apparent attempt to avert a cash crunch ahead of the long Lunar New Year holiday.
China's Yuan Outflows Plummet, Showing Capital Controls Pay OffBloomberg
China is working hard to support the yuan — it sold US bonds for 6 monthsCNBC
China's Market News: FX Regulator Comments on Foreign Reserves, YuanDailyFX
Wall Street Journal -Daily Reckoning -Financial Times -Financialbuzz.com
all 65 news articles »

Toshiba starts process to sell stake in chip business - Kyodo - Reuters

Thu, 01/19/2017 - 21:40

Reuters

Toshiba starts process to sell stake in chip business - Kyodo
Reuters
An employee stands next to a logo of Toshiba Corp in Yokohama, south of Tokyo November 21, 2012. REUTERS/Yuriko Nakao/File Photo. TOKYO Toshiba Corp has started the process to sell a minority stake in its profitable flash memory chip business, ...
Japan trade min says not considering Toshiba rescue planYahoo Finance
Toshiba Starts Chip Business Stake Sale After $4.4 Billion Nuclear LossBarron's (blog)
Toshiba shares extend drop as losses mount at US nuclear unitAsia Times

all 13 news articles »Google News

IBM's Earnings: Beat And Raise, But Stock Retreats - Seeking Alpha

Thu, 01/19/2017 - 21:18

Seeking Alpha

IBM's Earnings: Beat And Raise, But Stock Retreats
Seeking Alpha
However, slower growth in the company's strategic imperatives and decreased profitability may cause some investors to remain cautious – stock is down -2% after hours. Fundamentally and for the long run, I believe IBM is an appealing stock worth a ...

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Asian stocks, dollar slip as Trump caution outweighs China GDP - Reuters

Thu, 01/19/2017 - 20:44

Reuters

Asian stocks, dollar slip as Trump caution outweighs China GDP
Reuters
People are reflected in a display showing the Nikkei average (top in L) and the NASDAQ average of the U.S outside a brokerage in Tokyo, Japan, November 7, 2016. REUTERS/Kim Kyung-Hoon. By Nichola Saminather | SINGAPORE. SINGAPORE Caution ...
Asia's Newest Fear: A Trump Currency WarBarron's
Asian Investors See Trump Stimulus Sweet Spot Amid Protectionism, Inflation FearsJakarta Globe
Update on the latest in business:WRAL.com
Business Recorder (press release) (registration) (blog) -China Post
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China's Q4 GDP up 6.8% on-year, beating expectation for 6.7%: Reuters - CNBC

Thu, 01/19/2017 - 20:03

CNBC

China's Q4 GDP up 6.8% on-year, beating expectation for 6.7%: Reuters
CNBC
China's gross domestic product (GDP) grew 6.8 percent on-year in the fourth quarter, slightly beating expectations. The world's second-largest economy had been forecast to grow 6.7 percent in the quarter, according to a Reuters poll of 42 economists.
China Q4 GDP grows 6.8 percent year-on-year, slightly better than expectationsReuters
China's Growth Edges Up but 2016 Weakest Year Since 1990New York Times
China GDP hits growth target as stimulus outweighs reformFinancial Times
The Fiscal Times -Huffington Post -CNNMoney -Nikkei Asian Review
all 23 news articles »

Las Vegas Sands paying $7M to settle corrupt practices probe - WHIO

Thu, 01/19/2017 - 19:46

Yahoo Finance

Las Vegas Sands paying $7M to settle corrupt practices probe
WHIO
Las Vegas — U.S. authorities say billionaire Sheldon Adelson's casino company is paying almost $7 million to settle a foreign corrupt practices investigation of the firm's former relationship with a consultant in Macao and China. Justice Department ...
Las Vegas Sands pays $7 mln to end US criminal bribery caseReuters
Is Las Vegas Sands Stock a Buy?Bloomington Pantagraph
Near-Term Pullback In Las Vegas Sands Shares Creates Buying OpportunityYahoo Finance

all 56 news articles »

Tesla's Self-Driving System Cleared in Deadly Crash - New York Times

Thu, 01/19/2017 - 19:35

New York Times

Tesla's Self-Driving System Cleared in Deadly Crash
New York Times
Joshua Brown was killed when his Tesla Model S, which was operating in Autopilot mode, crashed into a tractor-trailer. Credit Krista Kitchen, via Associated Press. Eight months after a fatal crash involving a Tesla Motors car operating in a computer ...
US Regulators Close Tesla Autopilot ProbeWall Street Journal
US ends investigation of fatal Tesla crash and finds 'no safety defects' in car's AutopilotLos Angeles Times
Sigh of Relief for Self-Driving Cars as Tesla Cleared in ProbeBloomberg
Fortune -Press Herald -Forbes -Reuters
all 151 news articles »

IBM Revenue Declines Again Amid Transformation - Wall Street Journal

Thu, 01/19/2017 - 18:15

Wall Street Journal

IBM Revenue Declines Again Amid Transformation
Wall Street Journal
International Business Machines Corp. recorded its 19th consecutive quarter of declining revenue, as it continued to try to offset declines in older businesses with sales in newer ones that are growing rapidly. Fourth-quarter revenue at the Armonk, N.Y ...
IBM Margins Narrow While It Struggles to End Sales SlideBloomberg
IBM Still Hopeful After 19 Consecutive Quarters Of Declining RevenueFortune
IBM's Earnings Are Stabilizing, but Margins and Cash Flow Remain PressuredTheStreet.com
Forbes -MarketWatch -Business Insider -CNBC
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Watchdog expands crackdown on overdraft fees - MarketWatch

Thu, 01/19/2017 - 16:27

USA TODAY

Watchdog expands crackdown on overdraft fees
MarketWatch
WASHINGTON -- The federal consumer finance watchdog expanded its crackdown on overdraft fees, suing a Minnesota-based bank Thursday for allegedly luring customers into costly penalties by using illegal marketing practices. The lawsuit against TCF ...
Agency: TCF National Bank tricked customers on overdraft feesUSA TODAY
Questionable overdraft practices persist, latest lawsuit allegesCNBC
Another Wells Fargo? CFPB says bank tricked people into overdraft chargesYahoo Finance
Reuters -Business Wire (press release) -Minneapolis Star Tribune -U.S. News & World Report
all 42 news articles »

Uber settles FTC lawsuit claiming it misled drivers about pay - TechCrunch

Thu, 01/19/2017 - 16:04

TechCrunch

Uber settles FTC lawsuit claiming it misled drivers about pay
TechCrunch
Uber settled a lawsuit filed by the Federal Trade Commission today for $20 million. The lawsuit alleged that the ride-hailing app recruited drivers by misleading them about the amount of money they could earn through the app and the auto financing ...
Uber to Pay $20 Million to Settle FTC Charges on Earnings Claims for DriversWall Street Journal
Uber to Pay $20 Million to Settle FTC Suit Over Driver PayBloomberg
Uber to Pay $20 Million to Settle Claims It Misled DriversFortune
Reuters -MarketWatch -SiliconBeat
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IBM Posts Earnings Beat In Q4 And Raises Guidance For 2017, But Stock Plunges - Forbes

Thu, 01/19/2017 - 15:53

Forbes

IBM Posts Earnings Beat In Q4 And Raises Guidance For 2017, But Stock Plunges
Forbes
IBM's chief executive Ginni Rometty delivers a keynote address at CES in Las Vegas on Jan. 6, 2016. 2016. (Photo by Ethan Miller/Getty Images). Though IBM notched a major earnings beat to close out Q4 of 2016, a temporary jolt in after-hours trading ...
IBM's quarterly revenue fell 1.3 percent but beat Wall Street targetsBusiness Insider
IBM Revenue Declines AgainWall Street Journal
IBM beats Q4 estimates, quarterly revenue down 1.3 percentZDNet
TheStreet.com -CNBC -Yahoo Finance -Nasdaq
all 157 news articles »

IBM Posts Earnings Beat In Q4 And Raises Guidance For 2017, But Stock Plunges - Forbes

Thu, 01/19/2017 - 15:50

Forbes

IBM Posts Earnings Beat In Q4 And Raises Guidance For 2017, But Stock Plunges
Forbes
IBM's chief executive Ginni Rometty delivers a keynote address at CES in Las Vegas on Jan. 6, 2016. 2016. (Photo by Ethan Miller/Getty Images). Though IBM notched a major earnings beat to close out Q4 of 2016, a temporary jolt in after-hours trading ...
IBM beats estimates, but year-over-year revenues fall for 19th straight quarterCNBC
IBM's quarterly revenue fell 1.3 percent but beat Wall Street targetsBusiness Insider
IBM beats Q4 estimates, quarterly revenue down 1.3 percentZDNet
Fortune -TheStreet.com -Business Wire (press release) -Barron's (blog)
all 14 news articles »

American Express Profit Falls 8.2% as Expenses Top Estimates - Bloomberg

Thu, 01/19/2017 - 15:39

Bloomberg

American Express Profit Falls 8.2% as Expenses Top Estimates
Bloomberg
American Express Co., the largest U.S. credit-card issuer by purchases, said fourth-quarter profit fell 8.2 percent as expenses exceeded analysts' estimates and the firm set aside more money to cover bad loans. Net income dropped to $825 million, or 88 ...
AmEx profit misses estimates on higher marketing spendReuters
American Express posts lower earnings, revenueMarketWatch
American Express Misses Forecasts, Hurt by Costco LossNew York Times
Business Wire (press release) -TheStreet.com -CNBC -Nasdaq
all 38 news articles »

IBM reports better-than-expected Q4 results; forecast beats - Reuters

Thu, 01/19/2017 - 15:32

Reuters

IBM reports better-than-expected Q4 results; forecast beats
Reuters
A woman passes by the IBM offices in New York City, U.S. on October 17, 2016. REUTERS/Brendan McDermid/File Photo. International Business Machines Corp forecast full-year earnings above Wall Street estimates and reported better-than-expected ...

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EpiPen competitor Auvi-Q comes back Feb. 14 with a pricing scheme that will blow your mind - CNBC

Thu, 01/19/2017 - 15:21

CNBC

EpiPen competitor Auvi-Q comes back Feb. 14 with a pricing scheme that will blow your mind
CNBC
The talking auto-injector competitor to Mylan's billion-dollar allergy attack remedy, the Auvi-Q, will return to market Feb. 14, manufacturer Kaleo said Thursday. The price? A whopping $4,500 for two auto-injectors. But not so fast, Kaleo said. It ...
Rival to EpiPen to return to marketMarketWatch
EpiPen competitor will be out in February, free to 200M peopleUSA TODAY
Can a $4500 epinephrine injector challenge Mylan's scandal-ridden EpiPen?FiercePharma
Washington Post -Forbes -TheStreet.com -Money Magazine
all 18 news articles »

US stocks close lower ahead of Trump inauguration - MarketWatch

Thu, 01/19/2017 - 15:06

US stocks close lower ahead of Trump inauguration
MarketWatch
U.S. stocks finished lower Thursday with the Dow industrials falling a fifth straight session as investors exercised caution ahead of President-elect Donald Trump's inauguration on Friday. The Dow Jones Industrial Average DJIA, -0.37% declined 72.32 ...

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US stocks close lower ahead of Trump inauguration - MarketWatch

Thu, 01/19/2017 - 15:06

Chron.com

US stocks close lower ahead of Trump inauguration
MarketWatch
U.S. stocks finished lower Thursday with the Dow industrials falling a fifth straight session as investors exercised caution ahead of President-elect Donald Trump's inauguration on Friday. The Dow Jones Industrial Average DJIA, -0.37% declined 72.32 ...
US stocks drop on eve of Trump inaugurationTheBull.com.au

all 33 news articles »

George Soros calls Trump a 'would-be dictator' who 'is going to fail' - CNBC

Thu, 01/19/2017 - 14:22

CNBC

George Soros calls Trump a 'would-be dictator' who 'is going to fail'
CNBC
George Soros, billionaire and founder of Soros Fund Management LLC, looks on during an interview at the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 21, 2016. George Soros thinks President-elect Donald Trump will fail — and ...
GEORGE SOROS: Trump is a con man and he will failBusiness Insider
George Soros says uncertainty over Trump will cause markets to falterReuters
George Soros Says Markets Will Falter as Uncertainty Takes OverBloomberg
The New American -ValueWalk -The Sydney Morning Herald -Daily Mail
all 13 news articles »

Trump Treasury pick diverges from GOP playbook - Politico

Thu, 01/19/2017 - 13:42

Politico

Trump Treasury pick diverges from GOP playbook
Politico
Treasury secretary nominee Steven Mnuchin diverged from congressional Republicans Thursday on key policy issues, signaling a willingness to go his own way on bank regulation and tax administration. In a sometimes contentious hearing before the Senate ...
The Latest: Vet Affairs chief of staff to be interim headU.S. News & World Report
Trump's Treasury nominee Steven Mnuchin denies he ran 'foreclosure machine'USA TODAY
Trump's treasury nominee defends his record at bank labeled as 'foreclosure machine'Washington Post
Forbes -MarketWatch (blog) -Business Insider -Bloomberg
all 8 news articles »

Dow posts 5-day losing streak as Wall Street gets set for Inauguration Day - CNBC

Thu, 01/19/2017 - 13:11

CNBC

Dow posts 5-day losing streak as Wall Street gets set for Inauguration Day
CNBC
U.S. equities closed lower on Thursday, with real estate falling around 1 percent, as investors eagerly awaited President-elect Donald Trump's inauguration. "Everyone is just waiting for the inauguration," said Jeremy Klein, chief market strategist at ...
Wall Street falls as investors ready for Trump's inaugurationReuters
Stocks Tank As Dark Clouds Settle Over Wall Street Ahead of Donald Trump's InaugurationTheStreet.com
US STOCKS-Wall St flat as countdown to Trump''s swearing-in beginsNasdaq
Yahoo Finance -ABC Online -Barron's (blog) -Yahoo News
all 23 news articles »

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