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Ray Dalio Is Still Driving His $160 Billion Hedge-Fund Machine Ray Dalio had a 10-year succession plan for Bridgewater Associates LP, the hedge fund he built. It's year 10. He's still in charge. The billionaire has tried single, double and a triad of chief executives. He officially named a young heir apparent and then ...
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Your Credit Card Benefits Just Got Cut. What Do You Do? The Chase Sapphire Reserve, one of the most popular travel rewards cards we've seen over at Wirecutter, recently dropped some news: The perks are going up a little bit, and the annual fee is going up a lot. The Chase Sapphire Reserve's $450 annual fee ...
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Marlin Business Services Corp (MRLN) Q4 2019 Earnings Call Transcript Marlin Business Services Corp (NASDAQ:MRLN) Q4 2019 Earnings Call Jan 31, 2020, 9:00 a.m. ET. Contents: Prepared Remarks; Questions and Answers; Call Participants. Prepared Remarks: Operator. Greetings, and welcome to the Marlin Fourth Quarter ...
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Nearly 3 million subscribers ditched DirecTV last year. Will AT&T do the same? Last summer, a 14,000-pound satellite named T-16 was shot into space. With little fanfare, it joined the orbiting fleet that transmits TV signals to millions of DirecTV customers. But the June launch from French Guiana marked a milestone: AT&T, which owns ...
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Aluminum-Foil Maker Reynolds Goes Public, Banking on Home Cooking The 100-year-old maker of Reynolds Wrap went public on Friday, banking that budget-conscious, home-cooking millennials will drive sales of products from aluminum foil to sandwich bags. Shares of Reynolds Consumer Products Inc., based in Lake Forest, ...
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Church of England Devises an Index for Climate-Conscious Investing Many investors would like to use their money to help tackle climate change, but figuring out how has not always been easy. Now a fund that benefits 38,000 current and retired clergy and other employees of the Church of England could offer a potential ...
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IBM was the worst-performing large-cap tech stock during Rometty's tenure, dropping 24% During Virginia "Ginni" Rometty's eight years at the helm of IBM, the technology sector enjoyed a historic rally, taking on outsized sway over the broader economy and stock market. Internet companies, software vendors and chipmakers all rallied as demand ...
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TREASURIES-Yields drop to three-month lows as virus fears grow (Adds data, updates prices) * Chinese coronavirus fears hurt risk appetite * Treasury to give quarterly refunding plans next Wednesday * Heavy data scheduled next week, including monthly jobs report By Karen Brettell NEW YORK, Jan 31 (Reuters) ...
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FCC: At least 1 phone company broke law by sharing location At least one U.S. phone company likely broke the law by sharing data that can pinpoint the location of smartphone users, the Federal Communications Commission said Friday. FCC Chairman Ajit Pai said in a letter to Congress that one or more wireless ...
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RPT-GLOBAL LNG-Asian LNG prices fall as coronavirus concerns rise (Repeats to more subscribers). * Concerns over China's demand grow. * Market activity low amid virus, Lunar New Year holidays. * India's prices rise above northeast Asia. By Ekaterina Kravtsova. LONDON, Jan 31 (Reuters) - Asian spot prices for liquefied ...
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Hulu CEO to leave the company amid Disney integration The string of executives leaving Disney-owned businesses continued with Hulu this week. Walt Disney Co. on Friday said Hulu's Chief Executive Randy Freer will leave the company as the Burbank entertainment giant looks to take greater control of the ...
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Johnson & Johnson Ordered to Pay $344 Million for Deceptively Marketing Pelvic Mesh Product Johnson & Johnson (NYSE: JNJ) was hit with a $344 million fine by a California state court for deceptively marketing regarding its pelvic mesh products. This ruling brought together thousands of separate, individual lawsuits of patients who claimed that the ...
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FDA approves Aimmune's peanut allergy drug Jan 31 (Reuters) - The U.S. Food and Drug Administration on Friday approved Aimmune Therapeutics Inc's drug to reduce, and potentially eliminate, allergic reactions to peanuts in children aged 4 to 17. The treatment, called AR101 and to be sold under the ...
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Vertex (VRTX) Q4 Earnings Beat on Solid CF Product Sales Vertex Pharmaceuticals Inc. VRTX reported fourth-quarter 2019 earnings per share of $1.70, beating the Zacks Consensus Estimate of $1.21. Moreover, the bottom line surged 31% year over year. Strong cystic fibrosis (CF) product revenues led to higher ...
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Honeywell Says Outlook Clouded by MAX Grounding, Coronavirus Honeywell International Inc.'s fourth-quarter profit dropped 9% on lower sales after spinning off two divisions last year. The Charlotte, N.C., industrial conglomerate said Boeing Co. 's production halt of the 737 MAX would dent its aerospace business and ...
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Fox vs. Roku May Set "New Precedent" For Carriage Fights Three days before the Super Bowl kicked off, Roku users received an unexpected and unwelcome email from the company, informing them that standalone apps from Fox, the broadcaster of the big game, were being removed from its devices. A deal between ...
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What the FICO credit score changes mean for first-time homebuyers Low mortgage rates have experts predicting an uptick in homebuying this year. But with changes to the FICO credit scoring model expected to start taking effect in a few months, prospective buyers might wonder if they'll qualify for those lower rates. FICO credit ...
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The Hummer Is Coming Back — As An Electric Vehicle Around the turn of the millennium, General Motors made a decision: Electric cars were out. Giant trucks were a hit. So the company abandoned its pioneering electric vehicle — not just stopping production but pulling cars off the road and crushing them.
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Amazon, IBD Stock Of The Day, Edges Into The Trillion-Dollar Club Amazon.com (AMZN) is the IBD Stock Of The Day, as the e-commerce giant on Friday soared to record highs on a blockbuster earnings announcement after a long consolidation. Amazon stock jumped despite a rough day in the stock market overall. X.
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Elon Musk just dropped an EDM track on SoundCloud Friday typically brings a bunch of new music releases, but this Friday's new drops includes a new track from an unlikely source — Elon Musk . The SpaceX and Tesla CEO said earlier this week he had written a new song called "Don't Doubt ur Vibe," to be ...
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Uber & Lyft's Final 2019 Earnings Could Shift The Narrative Uber UBER and Lyft LYFT are slowly but surely climbing their way out of the pit that the markets have pushed these rider sharing stocks down to. These companies are prepping for there Q4 earnings release to round out their first fiscal year on the financial ...
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DOJ going after telecom companies for assisting robocall scams The Department of Justice is taking a new approach to robocalls, seeking approval to hold telecommunications companies responsible for calls on their networks instead of just going after the often-overseas criminals who actually do the dialing.
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Sprecher Brewing Company Sold to Milwaukee Investor Group A Milwaukee-based investor group has acquired the 35-year-old Sprecher Brewing Company. Although financial terms of the deal were not disclosed, a press release noted that Commerce State Bank funded the debt, while investors "funded significant equity ...
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UPDATE 1-China's Baidu delays earnings date on coronavirus fears (Adds details from company's statement, background, updates shares). Jan 31 (Reuters) - China's Baidu Inc said on Friday it was delaying the announcement of its fourth-quarter results and advised its employees in the country to work from home for a time ...
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Better Buy: CenturyLink vs. Verizon Putting CenturyLink (NYSE:CTL) and Verizon (NYSE:VZ) in the same ring to duke it out doesn't seem like a fair fight. Verizon is one of the two largest wireless carriers in the country. CenturyLink is a struggling telecommunications provider, fighting for scraps ...
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EPA re-approves key Roundup chemical The Environmental Protection Agency (EPA) has re-approved a chemical used in Bayer's Roundup weed killer despite concerns over its health risks. The agency is doubling down on its claims that the chemical, glyphosate, doesn't pose a danger to humans ...
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Missing Mark's Homemade Ice Cream this winter? Soon, you'll be able to buy it in stores BUCYRUS - Mark Pfeifer is quick to show off the brand-new, bright-red pint containers — but it's clear he's even prouder of the ice cream inside. The founder of Mark's Homemade Ice Cream is preparing to take the next big step in growing his four-year-old ...
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Buenos Aires pushes back deadline for bondholders amid debt crunch (Updates with additional details on proposal, context) BUENOS AIRES, Jan 31 (Reuters) - Argentina's Buenos Aires province said on Friday it would postpone until Feb. 3 a deadline for bondholders to accept its proposal to put off for months a $250 million ...
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MedMen's Colorful Pioneer of Cannabis, Adam Bierman, Resigns as CEO The shops of MedMen Enterprises set a slick, upscale tone for American cannabis dispensaries, at the hands of founder Adam Bierman. But the chief executive's lavish spending antagonized colleagues and torched bonfires of cash, dropping MedMen stock ...
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'Life is crazy sometimes.' Deer knocks man off his feet at NC McDonald's, video shows A Charlotte-area man managed to hold onto his Diet Coke as a deer knocked him to the ground in the parking lot of a North Carolina McDonald's. He later posted a video of the incident on Facebook, showing him walking through a parking lot with his wife as ...
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NY says Wegmans, others must allow old plastic bags in stores for reuse Syracuse, N.Y. — Stores must allow shoppers to bring in their old, saved plastic bags for use at checkout after the state's plastic bag ban goes into effect. The question of whether that would be allowed under the new law was one of the most frequent we heard ...
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Airbus to pay record £3bn in fines for 'endemic' corruption UK court sanctions ...
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Health Canada issues recall for made-in-Calgary blinds Health Canada has issued a recall for made-in-Calgary blinds due to strangulation risk to children. The federal agency said one-inch mini-blinds manufactured by B&B Blinds Ltd. can put children at risk due to multiple cords being tied together and creating a ...
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Delta Ditching Uniforms Employees Call 'Toxic' (CNN) – Delta Air Lines says it plans to replace the uniforms that hundreds of its employees complain are causing health problems. Employees; mostly flight attendants have filed a federal lawsuit against lands end, the company that makes the uniforms.
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Ripple's XRP Payments Find Use on goLance Platform with over 500000 Users The number of use cases for XRP is growing. Now the goLance platform will utilize the ODL solution provided by Ripple to pay its users. Ripple's XRP Payments Find Use on goLance Platform with over 500,000 Users Michael Brooks, CEO of goLance.
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New 2020 Acura MDX PMC Edition Dazzles With 15-Layer Paint From NSX Supercar In its current form, the Acura MDX has been around since 2013. In car terms, that's getting pretty darn old. To keep the aging crossover fresh (on the showroom and in our minds), Acura has given it a new coat of paint and a dash of Honda-nerd street cred.
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Canada's first mobile banking app turns 10 Anniversary marks a decade of innovation in Canadian digital banking. TORONTO , Jan. 31, 2020 /CNW/ - Happy birthday, mobile banking! On Feb. 2 , it will be 10 years since CIBC became the first major Canadian financial institution to offer a mobile ...
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Coronavirus fears could lead to online scams for face masks, says BC watchdog A growing demand for surgical face masks in the wake of the novel coronavirus outbreak could lead to online shopping scams, according to the Better Business Bureau (BBB). Headlines warning about the growing number of fatalities have led to an increasing ...
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Bumble Bee Foods Successfully Completes Asset Sale CEO Says the Right Team is in Place to Transform the Company in Bold Ways. Bumble Bee Foods, one of North America's largest branded shelf-stable seafood companies, announced today that it has successfully completed a sale of its assets to an affiliate ...
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Singapore Airlines & ANA Sign Joint Venture Agreement – What This Means For You All Nippon Airways and Singapore Airlines announced a new joint venture deal earlier today which will see both carriers working together to improve connectivity between their networks. Earlier today, Singapore's flag carrier announced a new joint venture ...
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Maxar and NASA will demonstrate orbital spacecraft assembly with a new robotic arm NASA has awarded Maxar an estimated $142 million contract to demonstrate in-orbit spacecraft refueling and assembly of new components using a custom robotic platform in space. The space infrastructure dexterous robot, or SPIDER, program will be part of ...
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