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White House mulls firing consumer protection head - The Boston Globe

Fri, 02/17/2017 - 18:08

The Boston Globe

White House mulls firing consumer protection head
The Boston Globe
WASHINGTON — Richard Cordray is the federal watchdog with the biggest target on his back in President Trump's Washington. Cordray heads the consumer lending bureau championed by Senator Elizabeth Warren, and the White House is actively ...
Run off the consumer-protection critics, not the consumer-protection bureauWashington Post

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BofA Bumps CEO Moynihan's Pay 25% as Citigroup Cuts Corbat's - Bloomberg

Fri, 02/17/2017 - 17:58

Bloomberg

BofA Bumps CEO Moynihan's Pay 25% as Citigroup Cuts Corbat's
Bloomberg
Bank of America Corp. awarded Chief Executive Officer Brian T. Moynihan $20 million for his work last year, raising his compensation 25 percent, while Citigroup Inc. cut CEO Mike Corbat's by 6.1 percent to $15.5 million. Moynihan received $18.5 million ...
Bank of America CEO Moynihan gets biggest payday yetReuters
Bank of America CEO Brian Moynihan got 25% raise in 2016Charlotte Observer (blog)
UPDATE 1-Bank of America CEO Moynihan awarded $20 million for 2016Nasdaq
New York Times -Business Insider -Dealbreaker -Wall Street Journal (subscription)
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Secret Service investigating object thrown at Trump's motorcade - CNN International

Fri, 02/17/2017 - 17:35

CNN International

Secret Service investigating object thrown at Trump's motorcade
CNN International
West Palm Beach, Florida (CNN) The Secret Service is investigating an incident in which an object was thrown at President Donald Trump's motorcade here Friday afternoon. The incident happened near his Mar-a-Lago resort as the motorcade traveled from ...

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Britain Seeks to Cancel Sale of RBS Branch Network - New York Times

Fri, 02/17/2017 - 17:14

New York Times

Britain Seeks to Cancel Sale of RBS Branch Network
New York Times
A branch of the Royal Bank of Scotland in Edinburgh in 2014. The lender is required by European regulators to divest a branch network as a condition of the government bailout of 45 billion pounds, or $56 billion, that it received during the financial ...
RBS proposes new 750-million-pound plan to abandon Williams & Glyn unit saleReuters
RBS to Miss Target for Asset Sale - Takes $920 Million ChargeTheStreet.com
Treasury plan may allow RBS to avoid selling 300 branchesThe Guardian
BBC News -Financial Times -Yahoo News -Telegraph.co.uk
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Trump trade, the Fed and Wal-Mart all matter to markets in the week ahead - CNBC

Fri, 02/17/2017 - 17:11

CNBC

Trump trade, the Fed and Wal-Mart all matter to markets in the week ahead
CNBC
Stocks are hunting for more good news on the economy in the week ahead — as well as signs that Washington will be getting down to business on tax reform. Big box retailers' earnings and minutes from the last Fed meeting are highlights, but the focus ...
Guessing game on rates may be clarified by minutesUSA TODAY
The Fed Should Raise Rates Next MonthBloomberg
Gold Prices Flirt with 1250 Hurdle Ahead of FOMC MinutesNasdaq
Seeking Alpha -TheStreet.com -ForexLive -RTT News
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Run off the consumer-protection critics, not the consumer-protection bureau - Washington Post

Fri, 02/17/2017 - 16:44

Washington Post

Run off the consumer-protection critics, not the consumer-protection bureau
Washington Post
Catherine Rampell's Feb. 14 op-ed, “Republicans' valentine to con artists,” was a compelling piece on why the Consumer Financial Protection Bureau has made a difference in the lives of Americans. My story is not about the money I saved, but about the ...

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Bill Gates says robots that steal human jobs should pay taxes - Recode

Fri, 02/17/2017 - 16:38

Recode

Bill Gates says robots that steal human jobs should pay taxes
Recode
If robots are going to take over human jobs, that means fewer people will be working, which in turn means fewer people will be paying taxes. And that's a problem, since taxes fund things that are important, like schools and roads and fire departments.

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Bill Gates Wants to Tax the Robots That Are Stealing Our Jobs - The Fiscal Times

Fri, 02/17/2017 - 15:26

The Fiscal Times

Bill Gates Wants to Tax the Robots That Are Stealing Our Jobs
The Fiscal Times
Just because a worker isn't technically "alive" doesn't mean it can make money for nothing, according to Bill Gates. In a recent interview with Quartz editor-in-chief Kevin Delaney, the billionaire philanthropist explained that robot labor should get ...
The robot that takes your job should pay taxes, says Bill GatesQuartz
Bill Gates says robots should pay taxes if they take your jobMarketWatch
Bill Gates: Job-stealing robots should pay income taxesCNBC
GeekWire -USA TODAY -International Business Times -Observer
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Egg Harbor Township Carrabba's restaurant closes abruptly - Press of Atlantic City

Fri, 02/17/2017 - 15:05

Press of Atlantic City

Egg Harbor Township Carrabba's restaurant closes abruptly
Press of Atlantic City
This sign was on the door Friday morning at the Carrabba's location at Egg Harbor Township's Harbor Square, the former Shore Mall. prev. next. ×. Viewed 1 of 10. Welcome! We hope that you enjoy our free content. EGG HARBOR TOWNSHIP — The ...
Outback Steakhouse's parent closing 43 restaurants, including HazelwoodSTLtoday.com
5 Outback, Bonefish Grill, Carrabba's restaurants to close in NJNJ.com
Bloomin' Brands swings to loss, to close 43 storesMarketWatch
Cherry Hill Courier Post -Charlotte Business Journal -Nation's Restaurant News -Nasdaq
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Exclusive: GM plans to build, test thousands of self-driving Bolts in 2018 - sources - Reuters

Fri, 02/17/2017 - 14:05

Reuters

Exclusive: GM plans to build, test thousands of self-driving Bolts in 2018 - sources
Reuters
FILE PHOTO -- General Motors Chairman and CEO Mary Barra announces that Chevrolet will begin testing a fleet of Bolt autonomous vehicles in Michigan during a news conference in Detroit, Michigan, U.S., December 15, 2016. REUTERS/Rebecca ...

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AT&T, Time Warner defend deal - The Hill

Fri, 02/17/2017 - 14:05

The Hill

AT&T, Time Warner defend deal
The Hill
AT&T on Friday defended its $85 billion acquisition of Time Warner, writing in a letter to Sen. Al Franken · Al FrankenAT&T, Time Warner defend deal The Hill's 12:30 Report FCC chair responds to Franken's net neutrality concerns MORE (D-Minn.) and ...
AT&T and Time Warner Tell Senators They Won't Hurt CompetitionBloomberg
Trump May Already Have Lost Leverage in His War Against CNNTheStreet.com
AT&T promises senators not to withhold content in a Time Warner mergerSeeking Alpha
Morning Consult
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Trump's Frequent Visits Disrupt Palm Beach Life And Businesses - NPR

Fri, 02/17/2017 - 13:47

NPR

Trump's Frequent Visits Disrupt Palm Beach Life And Businesses
NPR
For the third week in a row, President Trump is spending the weekend in Florida at Mar-a-Lago. It seems Trump enjoys spending time at the club he owns in Palm Beach, but since the election, his stays there have raised issues not seen when he was a ...
Small airport businesses to Trump: Your Florida visits hurtWashington Post
Here's how much Trump's Florida trips are likely costing taxpayersCNBC
It's costing a fortune to protect the Trump familyBusiness Insider
Miami Herald -Salon -Mic -The Week Magazine
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FOREX-Yen gains as political worries stoke safe-haven bids - Reuters

Fri, 02/17/2017 - 13:46

Seeking Alpha

FOREX-Yen gains as political worries stoke safe-haven bids
Reuters
... * News on French left in presidential race pressures on euro * Lack details on Trump's economic plan weighs on dollar * But dollar index manages second week of gains * U.S. financial markets to close on Monday for holiday (Updates market action ...
Look to Stocks for Clues to the Strong Dollar's ImpactBloomberg
Week Ahead: Dollar Higher Ahead Of Fed MinutesSeeking Alpha
USD/JPY to Track Risk Trends as Yellen Fails to Shift Rate OutlookNasdaq
USA TODAY -TheStreet.com -ForexLive -FX Empire
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Moody's Jumps into Action as Aetna-Humana Deal Fails - Zacks.com

Fri, 02/17/2017 - 13:31

Moody's Jumps into Action as Aetna-Humana Deal Fails
Zacks.com
After the merger deal between Aetna Inc. (AET - Free Report) and Humana Inc. (HUM - Free Report) fell apart, rating agency Moody's Investors Service jumped into action. Moody's affirmed the Baa2 senior unsecured debt rating of Aetna and confirmed the ...

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How Toshiba Lost $6 Billion - Bloomberg

Fri, 02/17/2017 - 13:18

Financial Express

How Toshiba Lost $6 Billion
Bloomberg
Since its founding in 1873 as Japan's first maker of telegraph equipment, Toshiba has survived a litany of challenges, from the Great Kanto earthquake of 1923, to having its factories bombed into rubble during World War II, to the drubbing of the Zune ...
Edsels of energy? Duke Energy may find new AP1000 nuclear plants are already outdatedTampabay.com
Why a Big Bet on Nuclear Destroyed ToshibaEnergy Collective
India still keen to buy Westinghouse reactors despite Toshiba meltdownReuters
Seeking Alpha -Arab News -Financial Times -Construction Equipment Guide
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Despite Trump, Ford moves ahead with plans for Mexico plants - CNNMoney

Fri, 02/17/2017 - 12:39

CNNMoney

Despite Trump, Ford moves ahead with plans for Mexico plants
CNNMoney
Ford Mexico CEO Gabriel Lopez said at a company event in Mexico City Thursday that it's going ahead with plans to expand two of its plants -- an engine plant in Chihuahua and a transmission plant in Irapuato. These plans aren't new -- they were first ...
Ford sticks with plan to open two plants in MexicoYahoo News
Ford Not Leaving Mexico Any Time Soon, Denies Political Motives behind Plant ClosurePanAm Post
Carmakers, Amid Political Uncertainty, Still Investing On Both Sides Of US-Mexico BorderFronteras: The Changing America Desk
Mexico News Daily -International Business Times, India Edition -LeftLane News
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US Oil Drilling Stays on a Roll as OPEC Cuts Prop Up Prices - Bloomberg

Fri, 02/17/2017 - 12:27

Bloomberg

US Oil Drilling Stays on a Roll as OPEC Cuts Prop Up Prices
Bloomberg
U.S. drillers pushed ahead on the biggest surge in oil drilling since 2012 as companies take advantage of oil prices that have held steady above $50 for almost three months. Rigs targeting crude in the U.S. rose this week by 6 to 597, according to ...
Here comes the next wave of the US oil boomCNNMoney
US shale oil braces for the unfamiliar in 2017: inflationReuters
Oil Investment Opportunity - SM EnergySeeking Alpha
Houston Business Journal -Oil and Gas Investor (registration) -Midland Reporter-Telegram -Yahoo Finance
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Companies Have Begun Adding Trump-Related Risks To Their Financial Filings - BuzzFeed News

Fri, 02/17/2017 - 12:14

BuzzFeed News

Companies Have Begun Adding Trump-Related Risks To Their Financial Filings
BuzzFeed News
Alongside growing competition or a weak yen, companies now mention the risk of the Trump administration doing what it says it will do. posted on Feb. 17, 2017, at 9:58 a.m.. Matthew Zeitlin. BuzzFeed News Reporter. Tweet. Tumblr. Stumble. Bookmark it.
Trump talks a lot about the 'forgotten man,' but so far he's just helping Wall StreetWashington Post
Can Wall Street Save Trump?TheStreet.com
Now inside the White House, Wall Street plans to gut banking regulationsSacramento Bee
CNBC -Fortune -Barron's -gulfnews.com
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Wall Street rally cools as banks, energy stocks weigh - Reuters

Fri, 02/17/2017 - 11:51

Reuters

Wall Street rally cools as banks, energy stocks weigh
Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 7, 2017. REUTERS/Brendan McDermid. By Yashaswini Swamynathan. The Dow and S&P 500 dipped on Friday, led by bank and energy stocks, as investors ...
US STOCKS-Wall St rally cools as banks, energy stocks weighDaily Mail
US STOCKS-Wall Street rally loses steam as banks and energy weighNasdaq
Cisco helps Wall Street extend streak of record highsThe Fiscal Times
Yahoo News
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