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Australia's Macquarie posts record first-half, but still sees weaker full-year SYDNEY (Reuters) - Australian investment bank Macquarie Group Ltd (MQG.AX) posted a record first half profit, driven by higher fees from its managed funds, but revealed a slump in traditional banking takings and forecast a weaker annual result.
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Billionaire Branson Gets Billions In Bonds To Launch Vegas To California Train Service Sir Richard Branson was in the news this week. Virgin Galactic, the space tourism company founded by the billionaire in 2004, finally appeared on US stock markets under the ticker symbol SPCE. The company's $250,000 flights to the edge of space may ...
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Trump bets on Fed cuts to help the dollar. Don't count on it WASHINGTON (Reuters) - U.S. President Donald Trump says further Federal Reserve rate cuts would lower the value of the dollar and help the country's trade position. FILE PHOTO: U.S. President Donald Trump makes a statement at the White House ...
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Keystone Pipeline leaks 383000 gallons of oil in North Dakota (CNN) Part of the Keystone 1 Pipeline in North Dakota was shut down after a leak of about 9,120 barrels of oil -- 383,040 gallons -- was discovered, TC Energy company said in a statement. Keystone pipeline leak. The oil leak was discovered just north of ...
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Facebook denied financial services opportunities to women and older people, lawsuit alleges San Francisco (CNN Business) Facebook is facing a proposed class action lawsuit for allegedly denying people financial services products based on age and gender. A complaint filed Thursday in a federal district court in San Francisco alleges that financial ...
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The company behind Facebook's nightmarish moderation center in Florida will end its content moderation services Cognizant, a professional services firm whose employees moderate Facebook content, will end its services next year. Employees tasked with moderating Facebook content reportedly worked under nightmarish conditions exposed by a series of investigations ...
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Win Big on Black Friday by Buying This — and Not That The day that discount shoppers have waited for all year is practically here. Black Friday — the day after Thanksgiving — has long been touted as one of the best times of the year for buying just about anything. But despite huge sales at nearly every retailer, ...
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Apple Earnings: Diversifying Away From iPhone Is Finally Working The Mac maker continues to reduce its reliance on the iPhone, paving the way for a busy holiday shopping season for other offerings. Evan Niu, CFA. Oct 31, 2019 at 10:00AM. With shares hovering near all-time highs, Apple (NASDAQ:AAPL) reported fiscal ...
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Why World Wrestling Entertainment Stock Just Dropped 16% World Wrestling Entertainment (NYSE:WWE) stock is down 16.2% as of 12:35 p.m. EDT despite "beating earnings" earlier this morning. Why? Because beating earnings is only part of the story. Defeated MMA fighter sits against the ropes. Image source: Getty ...
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House price rebound accelerates in October The property market has gained momentum with house prices enjoying their sharpest monthly rise in more than four years. Key points: Home prices have risen 5.7pc since their trough, but are still short of their peak; Melbourne (+2.3pc) and Sydney (+1.7pc) ...
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As mis-selling scandal all but wipes out profits at Lloyds...Late rush of PPI claims costs banks £76m a day The compensation bill for the PPI scandal spiralled by £76m a day over the summer as Britain's biggest banks were swamped with a late rush in complaints. Advertisement. Lloyds yesterday revealed it had been forced to set aside another £1.8 billion to ...
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Profits at IAG hit by British Airways pilots' strikes International Airlines Group, the parent company of British Airways, has blamed industrial action and rising fuel costs for a drop in profits, in results that come on the heels of the first pilots' strike in the airline's history. In the three months to the end of September ...
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India's Yes Bank gets $1.2 bln offer from global investor India's Yes Bank Ltd said on Thursday it has received a binding offer of $1.2 billion from a global investor as the private-sector lender looks to raise capital through a fresh issue of shares, sending its stock 39% higher. Adds details, background, shares.
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Core sector output shrinks 5.2% in Sept indicating severity of slowdown Output of eight core infrastructure industries contracted by 5.2 per cent in September, the lowest in the decade, indicating the severity of economic slowdown. As many as seven of eight core industries saw a contraction in output in September. Coal production ...
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Lawsuit Alleges Juul Sold One Million Contaminated Pods In a new lawsuit, former Juul vice-president Siddharth Breja alleges that the company, which has recently come under fire for marketing its addictive product to teens, knowingly sold one million contaminated vape juice pods to customers earlier this year.
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With Garmin Autoland, small planes can land themselves if the pilot becomes incapacitated Here's a horror scenario for you: You're flying in a small plane and suddenly the single pilot who knows how to fly passes out. In the movies, somebody would probably talk one of the passengers through safely landing the plane. In reality, that's unlikely.
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Qantas 737 cracks: airline pulls three Boeing planes from service Qantas has pulled three of its Boeing 737 planes from service after finding hairline cracks but have said they will not ground all 737s they fly. Three planes have now been affected by cracks in the "pickle fork" structure between the wing and the fuselage.
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Prepare to 'fall back' by checking home detectors LANSING — As everyone prepares to turn back the clocks Sunday for Daylight Saving Time and temperatures continue to fall, the Michigan Department of Health and Human Services (MDHHS) reminds residents to take action to prevent carbon monoxide ...
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