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Property, Manufacturing Woes Help Trim China's Shadow Banking By Clip Syndicate A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation. But some success for a policy drive to curb risky lending is not all good news for Beijing, as smaller companies may face even bigger struggles to find funding. A cut in interest rates, announced by Beijing on Friday, is unlikely to help them much. ...Read More »
Ex-BlackBerry CEO Heins Now Helms Powermat By Clip Syndicate BlackBerry's comeback tour last year ended in disappointment. Ex-BlackBerry's CEO Thorsten Heins was ousted last November, replaced by current CEO John Chen, who has shifted the company's focus toward business software and security. While BlackBerry smartphones remain in the mix, they're no longer the priority. Heins, however, has re-emerged. This week, he was named CEO of wireless-charging company Powermat.

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U.S. Says Welcomes Oil Deal Between Iraqi Kurdistan and Baghdad By Clip Syndicate The United States welcomes an agreement between Iraq's central government in Baghdad and its northern Kurdistan region over the management of oil exports, U.S. Vice President Joe Biden said on Saturday. Biden told an Atlantic Council summit in Istanbul that Washington also supported the development of an oil pipeline from Iraq's Basra to Turkey's Mediterranean port of Ceyhan.

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Apple $450 Million E-book Settlement Gets Final Court Approval By Clip Syndicate A U.S. judge on Friday gave final approval to Apple Incorporated's agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices. District Judge Denise Cote approved what she called an "unusual" accord. It calls for Apple to pay $400 million to as many as 23 million consumers if the company's appeal of a ruling finding it liable for antitrust violations is unsuccessful.

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America’s Seniors are Getting a Lousy Deal on Healthcare By Clip Syndicate The golden years are brighter in other countries. American seniors are sicker, more medicated and more hamstrung by medical costs than their counterparts in at least 10 other advanced nations. That’s the troubling conclusion from a new set of surveys conducted by the nonprofit Commonwealth Fund and published online by the journal Health Affairs. ...Read More »
Dow Chemical, Loeb's Third Point Settle Board Debate By Clip Syndicate Dow Chemical Co said it would add four independent directors to its board as part of an agreement with Daniel Loeb's hedge fund, Third Point LLC, avoiding a proxy battle. Shares of the largest U.S. chemical company rose as much as 4.5 percent in early trading on Friday. Dow said Third Point, one of its biggest investors with a 2 percent stake, has signed a one-year standstill agreement with the company. ...Read More »
Weekly Market Wrap: November 21, 2014 By Clip Syndicate The forty-seventh trading week of 2014 comes to a close with the S&P 500, Dow Jones and the NASDAQ composite higher in early-afternoon trading on Friday. Most actively traded stocks include Bank of America (BAC) up 0.36%, Intel (INTC) down 1.11%, Apple (AAPL) down 0.2% and Vale (VALE) up 8.6%. ...Read More »
Friday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Oil & Gas Exploration & Production Stocks By Clip Syndicate In trading on Friday, non-precious metals & non-metallic mining shares were relative leaders, up on the day by about 3%. Leading the group were shares of Cliffs Natural Resources (CLF), up about 7.4% and shares of Taseko Mines (TGB) up about 7.3% on the day. ...Read More »
Dow Movers: VZ, CAT By Clip Syndicate In early trading on Friday, shares of Caterpillar (CAT) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 3.9%. Year to date, Caterpillar registers a 16.8% gain. ...Read More »
RBS Says it Barely Passed EU Stress Test, Admits Error By Clip Syndicate Royal Bank of Scotland said it only marginally passed a stress test last month by European regulators after admitting to an error in data it submitted, calling into question if it can pass a tougher test by British regulators.The revised result means that RBS, which is 80 percent-owned by the British government, was the worst performing UK bank in the European stress test, which assessed whether banks have enough capital to weather another economic crash. ...Read More »

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