Monday's Top 100 Business News & Stories
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The deal, announced Monday, will settle a federal investigation into the mortgage securities the bank sold in the run-up to the financial crisis, averting a lawsuit that would have proved costly for both sides.
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Norwegian Cruise Line will spend $2.18 billion on a pair of new ships from the German shipbuilder Meyer Weft.
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Some start-ups focus on claiming space on the lock screen, the area in which you type in a passcode before gaining access to the rest of your menus.
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Volkswagen AG (FRA:VOW) is second only to Toyota Motor Corp. (NYSE:TMC) in global sales, but in the United States Volkswagen has been hit hard in recent years by strong competition in the German automaker’s key segments -- minis and seda...
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Toyota to close down production as a strike by South Africa's metal workers begins to take its toll.
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(Reuters) - Generic drugmaker Mylan Inc said on Monday it would buy Abbott Laboratories' branded specialty and generics business in developed markets outside the United States in a $5.3 billion deal that will bolster its product line and...
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Scientists call the surge of good feeling emotional contagion. What ever the sentiment, entrepreneurs can use it to good effect.
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Janet Yellen's strong support of Keynesian economics will likely determine future Fed policy, the New Yorker said.
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Can the iWatch can be solved by a single, unitary product, or are consumers' needs and desires sufficiently different enough that Apple should appeal through a variety of branded channels?
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Robots aren't people and could be used to satisfy deviant sexual desires, but what are the legal and ethical ramifications?
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The billionaire and the Beatle went out for Italian and then ice cream in Omaha.
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City bigwig Andy Haste set to turn around payday lender and dropping the puppets is first step towards better practice Continue reading...
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Citigroup Inc. will provide $7 billion in cash and consumer relief to settle federal and state investigations into the sale of defective mortgage investments during the subprime housing boom, the Wall Street giant and federal officials s...
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Media Molecule's Peter Field discussed the game design decisions that gave The Last of Us its powerful ending at the Develop Conference in Brighton.
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It is not just about speed, says the Securities Industry and Financial Markets Association, which recommends changes to improve transparency and resiliency in the stock market.
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Read full story for latest details.
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(Reuters) - Citigroup Inc C.N said on Monday that quarterly earnings fell 96 percent, hurt largely by a $7 billion mortgage settlement, but also by declining income in most of its main businesses including stock trading and retail banking.
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Perhaps nobody in MLB hits the ball harder than Giancarlo Stanton, a big reason why he's the favorite in Monday's home run competition.
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An analyst with knowledge of Apple’s production schedule said Sunday that a rumored 5.5-inch “iPhone 6” probably won’t debut this fall. The analyst, KGI Securities' Ming-Chi Kuo, wrote in a research note on Sunday that manufacturing prob...
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What is the most valuable programming language to know for the future and why? This question was originally answered on Quora.
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Private design firm, Control Group, partners with the MTA to bring interactive kiosks to New York City subway riders
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Supermodel Chrissy Teigen has a pretty good reason to "hate" Forever 21. The 28-year-old revealed in a recent video interview with DuJour magazine that she was fired from a Forever 21 shoot for being too fat: "I actually was fired from a...
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FARNBOROUGH England (Reuters) - The U.S. and UK militaries are "not giving up" on bringing the Lockheed Martin F-35 Joint Strike Fighter to Britain for a high-profile air show this week after an engine fire prompted a fleetwide grounding...
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The latest images from the 2014 Farnborough Airshow
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Bank reaches agreement to end probe of loans that helped trigger financial crisis.
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The bulls may be setting the stage for what can also be called the "melt-up" phase
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Analyst does about-face, says Apple shares are once again a smart buy on the way to new record highs.
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Medicare is cracking down on hospitals with high rates of patient injuries and infections.
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The decision to build a new crossover sport utility vehicle at the Tennessee site follows a bitter unionization battle. The plant had been competing for the new S.U.V. against a VW plant in Mexico.
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The 2014 FIFA World Cup ended on Sunday with Germany taking a 1-0 victory in extra time against Argentina to and with it, the nation’s fourth World Cup title and first since 1990. With the game being aligned with the US time zones, fans ...
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With the S&P 500 knocking on 2,000's door, we can assume it will break through and be followed by a pullback. Here's how to evaluate your portfolio in advance of--and following--that occurrence.
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Some of the strength came from Citigroup’s investment bank and a less-than-feared drop in revenue from fixed income and equities trading.
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International art auction house Sotheby's and online marketplace eBay announce the creation of a web platform to allow viewers to bid on and buy art.
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Malware on computers in hotel business centers can record every keystroke a guest makes.
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A female tech executive at Yahoo is being sued for sexual harassment by a female software engineer at the company.
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Health Canada is proposing changes to nutrition labels on food that would make them easier to read.
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Computer-aided design lets U.S. companies customize products domestically without a need for keeping a large inventory.
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Embassy Property Developments' Michael Holland said his company expected more clarity on these issues, including exemption from capital gains, tax among other issues after the next Budget.
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FARNBOROUGH England (Reuters) - Europe's largest defense contractor BAE Systems expects to win more than half of the $10 billion market to modernize F-16 fighter jets, saying its cost-effective offering could give it an edge in the battl...
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The cellphone maker said on Monday that it had found “evidence of suspected child labor” at Dongguan Shinyang Electronics, a South Korean-owned factory based in southern China.
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It's not just Argentine fans who woke up depressed following their nation's 1-0 defeat to Germany in the World Cup final.
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Adidas will pay £75m a season to make Manchester United's kit for the next 10 years, after Nike ended its 13-year partnership.
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SpaceX, the company founded by Tesla Motors Inc. (NYSE:TSLA) CEO Elon Musk, has moved one step closer to competeing for lucrative launch contracts for launching sophisticated national security satellites. SpaceX said late last week that ...
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The U.S. has for years led the world in unmanned aerial vehicles or drones, but as more nations seek drone capabilities, the industry and experts want the government to loosen its long-standing policy that limits sales overseas.
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Volkswagen finally let the long-awaited other shoe drop in the U.S. market as the company committed to building a new sport-utility vehicle at its Chattanooga, Tenn., complex to fill a gaping hole in its product lineup for the American m...
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The deal to acquire Russell Stover, based in Kansas City, Mo., will make Lindt the third-largest chocolate manufacturer in North America. Terms were not disclosed.
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In a recent post, I introduced you to The 5 Things Great Leaders Do Very Well , in which I described the five essential roles that leaders must fulfill to be successful: Leader as person Leader as performer Leader as team builder Leader ...
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US stocks march higher, shaking off worst week in 3 months; Citigroup gains on settlement
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The nation's health watchdog is telling food workers to stay home when they're sick, but without paid sick days, workers say they can't afford to.
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Morgan Stanley on Monday raised its price target for Apple Inc. to $110 from $99, citing potential gains from the expected rollout of a smartwatch, dubbed the iWatch.
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SAMSUNG Electronics said yesterday it has stopped doing business with a supplier in China suspected of using child workers, the first time it has taken such a step. The decision came less than a week
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The nation's top Internet companies are officially pressing for broad regulation to maintain free and equal access to the Internet.
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SHANGHAI is favorite to become the headquarters of a development bank being launched by the BRICS group of emerging market nations. Brazil, Russia, India, China and South Africa are due to sign off on
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Manchester United have signed a record-breaking deal with sportswear manufacturer Adidas worth some €940m over 10 years. The Old Trafford club will…
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In a landmark case, oil production manager James Watchorn was jailed for 30 months for stealing company secrets.
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Fewer houses are being sold in the Wellington region as mortgage-lending restrictions and interest-rate expectations have both buyers and sellers "sitting on their hands".
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Citigroup has settled civil charges related to the marketing of mortgage-backed securities in the years leading up to the financial crisis. Some of the money will go toward mortgage relief.
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The free trade agreement TTIP between the US and EU has entered a new round of negotiations. But no matter how long the process lasts, the winner of any deal has already been determined - as have the losers.
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The German sportswear company clearly thinks Man U's brand will hold up in the future, despite a rubbish 2013-14 season.
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The aircraft maker's latest innovation for getting more passengers into planes is a hinged saddle. Oof.
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Jindal was the country's top-paid executive both in 2010-11 and 2011-12 with a package of Rs 67 crore and Rs 73.42 crore, respectively.
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Equity market underwriting fees up 187% in the first half
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Group launches handset running on eight-core MediaTek processor
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Carrier will launch direct daily Abu Dhabi-San Francisco services on November 18, 2014
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Beverage maker snaps up majority stake in Lebanon’s National Beverage Company
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The company has entered into an asset purchase agreement with J P Impex lncorp, a partnership firm, for purchasing the building, plant and machinery, licences, transfer of lease hold rights on the land, all relating to the factory, Unite...
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South African Nobel Prize-winning author Nadine Gordimer, an uncompromising moralist who became one of the most powerful voices against the injustice of apartheid, has died at the age of 90, her family said on Monday. Gordimer, who was a...
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On instructions from Portugal's central bank a new board and chief executive have been installed at Banco Espirito Santo. Vitor Bento, a respected…
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The Managing Director of Staco Insurance Plc, Sakiru Oyefeso, says the company has so far paid about N9 billion in claims settlement in the first half of 2014. Speaking in Lagos on Monday, Oyefeso said that company’s prompt claims settle...
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Four sectors, including banking and construction, are expected to dominated activities on the Nigerian Stock Exchange (NSE) between July and December. In an interview on Monday, Sehinde Adenagbe, the Managing Director, Standard Union Se...
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The retail inflation, measured on consumer price index (CPI), was 8.28 per cent in May. Its lowest was 7.65 per cent in January, 2012, the month the government started releasing the data in percentage terms.
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European stock markets are doing pretty well all round, but the DAX could be experiencing a 'World Cup bounce', according to Goldman Sachs.
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The Nigerian Stock Exchange (NSE) has announced the upgrade and re-launch of its website. The new site incorporates a more intuitive navigation and introduces several enhanced features along with sections that will provide access to info...
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The region’s FDI increased by 65% in 2013
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The deal would create a company with roughly double the turnover of WorleyParsons
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Europe's biggest carmaker Volkswagen has announced a multi-million euro investment in its US factory amid efforts to boost lackluster sales there. A new sports utility vehicle is to help double VW sales in the US market.
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President Goodluck Jonathan, on Monday, reiterated his promise that the more than 200 Nigerian schoolgirls kidnapped by Boko Haram would “soon” return home. The Nigerian president made the promise when teenage Pakistani activ...
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Analysts on average forecast net earnings of 348.8m riyals
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Industrial production across the 18-member eurozone fell sharply in May, stoking fears that economic growth is slowing. France and Portugal as well as Germany were particularly affected.
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Bank of America is reportedly in talks with the Justice Department on a similar deal for $12 billion or more
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World’s second-largest economy forecast to record its worst annual performance in 24 years
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Defence Undersecretary Frank Kendall said the nation remains committed to programme despite engine fire that grounded entire fleet
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The purchase would make the combined company the No. 3 chocolate maker in North America. The deal's value is estimated at around $1.5 billion.
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A330neo boasts more fuel efficient engines and will be available in two versions, both powered by Rolls-Royce engines
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Citigroup will pay $7bn to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.
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The I-T department on Monday cautioned the public against responding to emails originating from private addresses as tax personnel send communication only through official email addresses.
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Then chief minister, Buddhadeb Bhattacharjee, had laid the JSW project's foundation stone on November 2,2008, for the 10-million tonne capacity plant.
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Modi is believed to have signed on Ashok's appointment file before he left for Brazil to attend BRICS Summit, an oil ministry official said in New Delhi.
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Passengers who buy electronic products must be able to turn on their devices
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Business Processing Outsourcing (BPO) and Knowledge processing Outsourcing (KPO) firms are covered by the retirement fund body EPFO, Parliament was informed.
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Finance Minister Arun Jaitley presented his maiden budget last week in which he vowed to contain fiscal deficit at 4.1 per cent this year and lower it to 3 per cent by 2016-17.
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Standard & Poor’s expects to rate a number of Nigerian banks this year and is talking to some Kenyan banks and companies about future credit ratings, its managing director for sub-Saharan Africa said on Monday. Borrowers across...
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Citgroup Inc has agreed to pay $7bn to resolve a US government investigation into inadequate mortgage-backed securities the bank sold in the run-up…
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Chicago-based pharmaceutical firm made the new offer of £53.20 per share on Sunday
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RIL failed to meet its gas targets from KG-D6 block in the last financial year
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The rupee bounced back by 26 paise to end at 59.93 against the American currency on Friday as exporters and some banks sold dollars.
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Any attempt to create the nation’s biggest lender could weaken capital buffers for CIMB
