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Preview: Yahoo! Finance: Foreign Regional Banks Industry News

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At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

Published: Mon, 25 Sep 2017 09:21:24 -0400

Copyright: Copyright (c) 2017 Yahoo! Inc. All rights reserved

Did Apple Just Price Itself Out Of The Market? (AAPL)

Mon, 25 Sep 2017 06:17:26 -0400

(image) From Bill Hall: Last week, I explained how Apple (AAPL) is perfectly positioned and primed to profit from its new iPhone trio: the 8, 8 Plus and X models. But over the last week, I’ve received tons of reader comments about the iPhone… Read more ›

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Legal Fee Shocker: Richard Simmons Must Pay Tabloid That Wrongly Reported He's Transgender

Sun, 24 Sep 2017 04:41:50 -0400

(image) Just as courts over time have found that it's no longer defamatory per se to say a person was born out of wedlock or has cancer, or to incorrectly report someone's race, so too Los Angeles Superior Court Judge Gregory Keosian determined that “misidentification of a person as transgender is not actionable defamation absent special damages.

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DIS Stock: Please Put ESPN Out of Its Misery ASAP

Mon, 25 Sep 2017 06:13:33 -0400

(image) Here is the critical thing to understand about The Walt Disney Company (NYSE:DIS): There is consistency across all of its brands. Disney has always been about family entertainment and DIS stock has benefited. DIS stock has been driven by entertainment that has been, by and large, rooted in family traditions and values.

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Was Goldman Sachs Wrong About Oil Demand?

Sun, 24 Sep 2017 19:00:00 -0400

(image) Following Hurricane Harvey, the speed at which the Eagle Ford basin and the Gulf of Mexico resumed production suggests a bullish sentiment in the oil market

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China Imposes New Sanctions on North Korea

Sun, 24 Sep 2017 21:49:18 -0400

(image) Sep.24 -- China is calling for restraint on all sides after more accusations and abuse from the United States and North Korea. Beijing also imposed new sanctions on Pyongyang, restricting deliveries of some oil products to the north. Bloomberg's Tom Mackenzie reports on "Bloomberg Markets: Asia."

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Ray Dalio's advice for Donald Trump

Sun, 24 Sep 2017 12:58:14 -0400

(image) Ray Dalio, founder and CIO of Bridgewater, says President Donald Trump first needs to make his principles clear.

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Trump’s NFL Anthem Crusade Angers Billionaire Campaign Donors

Mon, 25 Sep 2017 05:00:00 -0400

(image) President Donald Trump put NFL owners in an unwanted spotlight this weekend with his suggestion, starting at a rally in Alabama on Friday and continuing on Twitter, that they should fire players who protest ...

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German election result not good, but not a disaster: Aust...

Mon, 25 Sep 2017 03:03:00 -0400

(image) Hans Jörg Schelling, Austrian finance minister, speaks about the German far right's return to politics following Sunday's election result.

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The Latest: Senate Republicans offer new health bill

Mon, 25 Sep 2017 00:09:05 -0400

(image) The Latest on the Republican push on health care (all times local): 11:55 p.m. Senate Republicans are adding billions of dollars to their teetering health care bill, hoping to win support from GOP senators ...

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Iran launches war games near Iraqi Kurdistan border, Turkey hits militant positions

Sun, 24 Sep 2017 07:15:47 -0400

(image) DUBAI/ISTANBUL, Sept 24 (Reuters) - Iranian forces have launched war games in an area near the border with Iraq's Kurdistan region, Iran's state media reported on Sunday, a day before a Kurdish independence referendum in the region. Turkey also said on Sunday its aircraft launched airstrikes against Kurdistan Workers Party (PKK) targets in northern Iraq's Gara region on Saturday after spotting militants preparing to attack Turkish military outposts on the border. Iraq's powerful neighbors, Iran and Turkey, strongly oppose the Kurdish vote as they fear could fuel separatism among their own Kurds.

New! Solutions to Common Financial Struggles for People 50 and Older

Mon, 25 Sep 2017 03:43:27 -0400

(image) To address these challenges, we’ve just added a brand new section to our Solutions Center focused specifically on issues faced by folks 50 and older. To provide senior services, we’re partnering with Money Management International, the largest nonprofit consumer counseling agency in the country. In our new Senior Solutions Center, you’ll find help with the most pressing financial questions facing seniors, including personalized Medicare assistance, Social Security maximization, debt counseling, help with paying bills, reverse-mortgage counseling and foreclosure prevention.

Puerto Rico's fragile economy dealt new blow by Maria

Sun, 24 Sep 2017 07:06:09 -0400

(image) Puerto Rico's recession-prone, bankrupt economy of 3.4 million people was already struggling to get back on its feet. That was before it was hit by Maria, which brought an estmated $30 billion in damage.

McCain calls brain cancer prognosis 'very poor'

Mon, 25 Sep 2017 07:26:59 -0400

(image) U.S. Sen. John McCain says doctors have given him a "very poor prognosis" as he battles brain cancer. McCain underwent surgery in July for a brain tumor that was later found to be a form of glioblastoma, ...

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S.M. v. M.R.

Mon, 25 Sep 2017 08:00:01 -0400

(image) One Spouse's Parcels Equitably Distributed; Presumption of Marital Assets Unrebutted

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Qatar to accept 4 Airbus A350s it previously cancelled - sources

Mon, 25 Sep 2017 08:28:53 -0400

(image) Qatar Airways plans to take delivery of four Airbus (AIR.PA) A350 airliners that it previously cancelled over aerospace supplier problems, industry sources told Reuters. A deal over the four aircraft has been reached allowing the four planes, still in Qatar colours and parked in Toulouse, to be delivered "in the near future," one of the sources said. Qatar Airways could not be reached for comment.

CBS, Fox Will Air National Anthem Live Ahead of NFL Games Sunday

Sun, 24 Sep 2017 12:01:56 -0400

(image) After President Trump’s sharp comments about National Football League players who kneel during the Star-Spangled Banner before games, CBS will air the national anthem performances live as part of its NFL ...

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Fears for thousands of British jobs as US court prepares to rule on Bombardier subsidy row

Sun, 24 Sep 2017 14:30:00 -0400

A court decision in America that could threaten thousands of British jobs is expected as early as today. The US trade court is due to give its initial ruling on a claim by aerospace giant Boeing that Canadian rival ­Bombardier sold its C-Series airliners at knock-down prices – a practice known as “trade dumping”. Boeing is arguing that the only ­reason Bombardier was able to agree to sell up to 125 of the aircraft to US ­carrier Delta at bargain rates was that the ­company received state subsidies. The wings for Bombardier’s C-Series airliners are built in Belfast, where the company is the region’s biggest private employer with almost 5,000 staff. Bombardier has said the aircraft’s success is “critical” to the future of its Northern Ireland operations. Unions say about 25pc of Bombardier’s staff in Belfast are employed working on C-Series production but this is expected to rise to about 60pc in four years’ time. Wings for the C-Series are made in Belfast Boeing claims that government support for Bombardier – which included about £75m from the UK to help the ­C-Series and $1bn (£0.74bn) of financial aid from the Quebec government – was illegal. The US company alleged Bombardier agreed to sell the C-Series jets for about $20m each to Delta but claimed the planes cost about $33m to produce, and it was the state subsidies that allowed it to offer them at what Boeing called “absurdly low” prices. Boeing has taken its fight to the US International Trade Commission in the hope of sanctions that could block the sale, casting doubts over the future of the C-Series programme and putting thousands of jobs in the UK at risk. In a statement, Boeing said: “This is a ­classic case of dumping, and it was made possible by a major injection of public funds. This violation of global trade law is the only issue at stake at the US International Trade Commission – one sale in the US at a price ­millions lower than Bombardier is charging in the Canadian market.” Brazilian company Embraer – which produces aircraft of a similar size to Bombardier – has launched a similar case against the Canadian company at the World Trade Organisation. Boeing wants to stop state support creating a new competitor Commentators have pointed out that Boeing does not build a plane that the C-Series competes with, meaning that it did not lose out on sales because of the Delta deal. ­Instead, Boeing is seen as trying to stop Bombardier from becoming a direct competitor in the future, one that has been able to grow because of state subsidies. It fears that ­Bombardier could build a full range of airliners that compete with Boeing products, as Airbus does now. Airbus and Boeing now have a 50:50 market share producing large airliners, and the US company is determined not to see the past repeat itself, further eroding its customer base. Both Airbus and Boeing are locked in a huge legal battle at the WTO over state ­subsidies, each claiming that the other received illegal backing. A spokesman for Bombardier said: “We will not speculate on the impact on our Belfast site should the Boeing petition be successful. However, the ­C-Series programme is critical to the long-term future of our Northern ­Ireland operations.”[...]

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'Too many people': Refugee influx worries Bangladesh town

Mon, 25 Sep 2017 07:51:21 -0400

(image) On the miles-long beach that makes this Bangladesh's top tourist destination, thousands of people picnic and splash in the water. There are balloons and cotton candy for the kids, fried snacks and tender ...

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ABB buys GE business for $2.6 billion in bet it can boost margins

Mon, 25 Sep 2017 04:16:31 -0400

(image) Power grids maker ABB (ABBN.S) is buying General Electric's (GE.N) Industrial Solutions business for $2.6 billion (1.92 billion pounds) in a bet it can improve the division's lacklustre margins over the next five years, the Swiss engineering company said on Monday. Zurich-based ABB sees potential for annual cost benefits of $200 million with the deal, which includes an agreement for long-term use of GE's brand and a strategic partnership. In 2016, the GE business had sales of $2.7 billion.

China debt isn't a problem: Investor

Mon, 25 Sep 2017 00:34:00 -0400

(image) S&P might have downgraded China, but Brett McGonegal of Capital Link International says the Shanghai market is set to climb through the start of next year.

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Uber, reviving old tactic, is backed by more than 500,000 in London row

Sat, 23 Sep 2017 10:47:19 -0400

(image) SAN FRANCISCO/LONDON (Reuters) - Half a million people have signed an online petition in under 24 hours backing Uber's bid to stay on the roads of London, showing the company is turning to its tried-and-tested tactic of asking customers for help when it locks horns with regulators. London's transport authorities stunned the powerful U.S. start-up on Friday when they deemed Uber unfit to run a taxi service for safety reasons and stripped it of its license from Sept. 30, although it can operate while it appeals. Uber immediately urged users in London to sign a petition that said the city authorities had "caved in to a small number of people who want to restrict consumer choice".

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10 Things to Know for Today

Mon, 25 Sep 2017 06:18:29 -0400

(image) Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. TRUMP'S TRAVEL BAN LIST EXPANDS The rules set to go into effect Oct. 18 will impose strict new ...

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The Latest: Church shooting suspect charged with murder

Sun, 24 Sep 2017 22:39:21 -0400

(image) The Latest on a shooting at a church in Nashville (all times local): 10:30 p.m. A man accused of killing one person and wounding several others at a Tennessee church has been charged with one count of ...

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Lazada expands Alibaba's Taobao marketplace in Southeast Asia

Mon, 25 Sep 2017 00:32:08 -0400

(image) Online retailer Lazada Group said it will sell select items from Alibaba Group Holding Ltd's Taobao marketplace in three more countries in Southeast Asia, expanding the partnership between the two e-commerce firms. Taobao Collection will be offered in Indonesia, the Philippines and Thailand in the next few weeks through Lazada's platform, it said in a statement on Monday. Lazada began selling Taobao products in Singapore and Malaysia earlier this year.

China Developers Plunge in Hong Kong as Cities Impose New Curbs

Sun, 24 Sep 2017 21:56:06 -0400

(image) Chinese property stocks tumbled in Hong Kong after a raft of mainland cities including Chongqing and Nanning rolled out restrictions over the weekend to cool home-price gains.

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Trump to Get Tax Plan That Targets 20% Corporate Rate

Sun, 24 Sep 2017 00:13:13 -0400

(image) Republican tax negotiators are targeting a corporate tax rate of 20 percent, according to two people familiar with the matter. That would be higher than President Donald Trump wants -- setting up a key ...

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Euro Falls as Merkel Faces German Coalition Test After Win

Sun, 24 Sep 2017 15:17:41 -0400

(image) The euro dropped as Angela Merkel’s victory as German Chancellor was marred by a worse-than-expected result that leaves her facing tough coalition talks.

The Sun rises in new play about Murdoch's tabloid revolution

Sat, 23 Sep 2017 10:38:26 -0400

(image) LONDON (AP) — Rupert Murdoch has power, wealth — and legions of detractors, who say the media mogul's tabloids and TV stations have fueled crass celebrity culture, phone hacking and fake news.

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Fulton Jury Awards $7.7M in Motorcyclist's Fatal Wreck

Mon, 25 Sep 2017 08:00:01 -0400

(image) The original verdict was $8.6 million, but was reduced by 10 percent to reflect liability on the part of the motorcyclist.

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Are OPEC’s Hands Tied?

Sun, 24 Sep 2017 11:00:00 -0400

(image) OPEC is able to take a breather as it debates whether to deepen cuts or extend its production cut agreement, but things could soon become more complicated

What's the Deal with WhatsApp? Investigating and Discovering Mobile Device Data

Mon, 25 Sep 2017 06:00:00 -0400

(image) Analyzing data from mobile devices is still uncharted territory for many in Legal and IT. Accordingly, today's modern legal and technology professionals need to brush up on all things mobile.

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Unusual Ruling Could Impact Cheap Solar Panel Imports

Sat, 23 Sep 2017 13:00:00 -0400

(image) The U.S. International Trade Commission has ruled that cheap, Chinese solar panels are unfairly impacting U.S. manufacturers

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Chevron to invest $4 billion to boost Permian Basin output

Mon, 25 Sep 2017 04:27:58 -0400

(image) Oil major Chevron Corp will next year invest around $4 billion to ramp up its crude production in the Permian Basin area of the United States, a company executive said on Monday. Ryan Krogmeier, Chevron's vice president of crude supply and trading, told the S&P Global Platts APPEC conference in Singapore that the company would increase its output from the Permian Basin, largely situated in Texas and New Mexico, to over 400,000 barrels per day over the next few years. "We will be investing roughly $4 billion, next year, of capital in the Permian Basin, and we plan to grow production over the next several years to well in excess of 400,000 bpd," he said.

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Unilever steps up beauty push with $2.7 billion Carver Korea deal

Mon, 25 Sep 2017 08:44:30 -0400

(image) By Hyunjoo Jin and Martinne Geller SEOUL/LONDON (Reuters) - Unilever has agreed to pay 2.27 billion euros ($2.71 billion) to buy fast-growing cosmetics company Carver Korea in its latest move to build a global beauty business. The purchase from Goldman Sachs, Bain Capital and Carver's founder follows a string of smaller skincare and cosmetics deals as the Anglo-Dutch pivots away from slower-growth food. The deal announced on Monday gives Unilever what it said is the fastest-growing skincare business in South Korea through its AHC brand of anti-ageing creams, moisturisers and other skin products.

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The 2017 Global 100

Mon, 25 Sep 2017 07:47:08 -0400

(image) Results of our Global 100 survey and analyses show growth is slowing and profits are dipping. Firms are adjusting to rapid-fire market changes as the world adjusts to the multitude of geopolitical forces at play. Figuring out the proper global complement is increasingly challenging, but there are opportunities to be had with new markets emerging as key players on the world stage.

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