Tag: businessNews

Lawsuit in NY says ex-hedge fund manager Falcone reneged on loans, wrongly sold a Warhol

NEW YORK (Reuters) – Former hedge fund manager Philip Falcone has been sued for more than $65.8 million after he allegedly defaulted on a series of loans and improperly sold some of the underlying collateral, including an Andy Warhol painting. FILE PHOTO: Philip Falcone, chief executive officer and chief investment officer for Harbinger Capital Partners, […]

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U.S. authorities to announce deal over Wells Fargo’s sales practices scandal: sources

FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith WASHINGTON (Reuters) – U.S. authorities will soon announce a settlement related to Wells Fargo’s (WFC.N) multi-year sales practices scandal, according to two sources familiar with the matter, wrapping up one of the last one major probes looming […]

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Timberland sees eco-green with slower delivery speeds

(Reuters) – Outdoor apparel retailer Timberland is testing online shoppers’ willingness to help the environment by slowing down delivery as Amazon.com (AMZN.O) drives retailers toward pricier, more polluting one-day shipping. FILE PHOTO: Company logos are pictured outside a Timberland shop in Vienna, Austria, April 21, 2016. REUTERS/Leonhard Foeger/File Photo New Hampshire-based Timberland, part of VF […]

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Coronavirus fears weigh on U.S. manufacturing, services sectors

WASHINGTON (Reuters) – U.S. manufacturing and services sectors activity stalled in February amid growing concerns about the deadly coronavirus’ impact on the economy, boosting investor demand for safe-haven assets like government bonds. FILE PHOTO: A production line employee works at the AMES Companies shovel manufacturing factory in Camp Hill, Pennsylvania, U.S. on June 29, 2017. […]

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U.S. authorities will soon announce deal relating to Wells Fargo’s sales practices scandal: sources

FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith WASHINGTON (Reuters) – U.S. authorities will soon announce a deal relating to Wells Fargo’s (WFC.N) multi-year sales practices scandal, according to two sources familiar with the agreement. The agreement was expected to be announced in the coming […]

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UniCredit may make announcement later on Friday on CEO Mustier’s future: sources

FILE PHOTO: Unicredit bank CEO Jean Pierre Mustier poses during the shareholders meeting in Rome, Italy, January 12, 2017. REUTERS/Remo Casilli/File Photo MILAN (Reuters) – Italy’s biggest bank UniCredit (CRDI.MI) may make an announcement as early as Friday night on the future of boss Jean Pierre Mustier, two sources familiar with the matter said, after […]

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Exclusive: Aramco to win unconditional EU clearance for $69 billion SABIC deal – sources

FILE PHOTO: The logo of Aramco is seen as security personnel stand before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo BRUSSELS (Reuters) – World No. 1 oil producer Saudi Aramco (2222.SE) is set to gain unconditional EU antitrust […]

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