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Monthly Archives: November 2017

Bombardier’s C-Series gets $1.1 billion order from Egypt Air

Jasper Juinen | Bloomberg | Getty Images A Bombardier CS300 C Series aircraft, manufactured by Bombardier Inc., lands after a flying display on day two of the 51st International Paris Air Show in Paris, France, on Tuesday, June 16, 2015. Aerospace firm Bombardier has announced a deal to sell up …

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Fed should stand pat on interest rates for now: Bullard

Scott Eelis | Bloomberg | Getty Images James Bullard, president of the St. Louis Federal Reserve Bank The Federal Reserve should keep its benchmark interest rate at current levels until there is an upswing in inflation, St. Louis Fed President James Bullard said on Tuesday. “Inflation data during 2017 have …

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Customers are becoming ‘comfortable’ with ordering food online

Online e-commerce will exacerbate the already-competitive supermarket backdrop and spells uncertainty for grocers down the road, according to Goldman Sachs. While dollar stores may be more “immune” to the growing challenges, analyst Christopher Prykull assumed cautious coverage on a slew of supermarket names, including a sell rating on Sprouts and …

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Economist Jim O’Neill explains how the dollar will lose its ‘kingpin’ status

Simon Dawson | Bloomberg via Getty Images Jim O’Neill, former chairman of Goldman Sachs Asset Management. Renowned economist Jim O’Neill said Tuesday that investors “have to believe” the dollar is not going to be the kingpin currency forever. The greenback’s status as the world’s most powerful currency has been questioned …

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GE dividend may not be safe, even after 50% cut: JPMorgan

General Electric’s dividend could still be in danger even after the industrial giant slashed it in half, an analyst at JPMorgan said Tuesday. “The cut was within the realm of possibility, and is fundable in the near term with debt and asset sales, though a downturn or spin/split would make …

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Irrational exuberance’ hits record high among fund managers despite lofty valuations

Brendan McDermid | Reuters Traders gather for the IPO of Singapore-based Sea Limited on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 20, 2017. Appetite for risk has increased among money managers to a new high, according to the latest fund manager survey by …

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AT&T may seek White House, DOJ communications on Time Warner deal

Jabin Botsford | The Washington Post | Getty Images President Donald Trump listens to AT&T CEO Randall Stephenson during the ‘American Leadership in Emerging Technology’ event in the East Room of the White House in Washington, DC on Thursday, June 22, 2017. AT&T will seek access to communications between the …

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EA “Star Wars” title reducing in-game costs after pre-launch backlash

Getty Images A man plays Star Wars Battlefront II on opening day of the Electronic Entertainment Expo (E3) at the Los Angeles Convention Center on June 13, 2017 in Los Angeles, California. EA is making adjustments to its yet-to-be-released “Star Wars” title following online backlash disparaging high in-game costs. The …

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UCLA players depart China after Trump asked for Xi’s help

Brian Rothmuller | Icon Sportswire | Getty Images UCLA guard LiAngelo Ball (15) drives to the basket during an college exhibition basketball game between the Cal State Los Angeles and the UCLA Bruins on November 1, 2017, at Pauley Pavilion in Los Angeles, CA. Three UCLA basketball players detained in …

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Iran ends quake rescue operations as death toll rises to 530

Ako Rasheed | Reuters Collapsed building is seen in the town of Darbandikhan, near the city of Sulaimaniyah, in the semi-autonomous Kurdistan region, Iraq. At least 14 provinces in Iran were affected by the quake which destroyed two whole villages, damaged 30,000 houses and left thousands of people injured. Thousands …

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