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SEC raises concerns about Valeant's use of 'Non-GAAP' measures
(Reuters) - The Securities and Exchange Commission is concerned about the way Canadian drugmaker Valeant Pharmaceuticals International Inc has been disclosing its "non-GAAP" financial measures,...
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TOLL BROTHERS: The luxury housing market looks strong everywhere except in...
The New York luxury-housing market is moving more slowly than Toll Brothers wants. Nationally, the market for high-end homes doesn't look weak, CEO Douglas Yearly said during an earnings call Tuesday....
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Stung by loss of secrecy at home, Swiss banks run into trouble in Asia
By Joshua Franklin, Saeed Azhar and Anshuman DagaZURICH/SINGAPORE (Reuters) - Regulators' closure of the Swiss BSI bank's Asian outpost for failing in its duty to prevent money-laundering has...
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Understand fintech - Amazon's next possible frontier - with this report (AMZN)
This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.The arrival of the age of fintech is about to shake up the financial...
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Why this Instagram star withdrew $1.2 million in cash — then deposited it the...
Tim Sykes is a millionaire penny stock investor with a huge following on Instagram. He motivates his followers by posting pictures of his lavish lifestyle and stacks of cash. We followed him to the...
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Faraday Future factory plans move forward despite doubts about its funding
Electric-car company Faraday Future (FF) says it's getting equipment ready for the construction of its new factory in North Las Vegas, Nevada.But officials in Nevada say that the proper permits have...
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Yokohama days: how hard truths won Mitsubishi Motors a lifeline
By Maki Shiraki and Nobuhiro KuboTOKYO (Reuters) - As Mitsubishi Motors acknowledged publicly last month that it cheated on fuel economy tests - its third scandal in two decades - its chief, Osamu...
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Things have gotten so bad in the oil industry that workers have stopped...
It's a hard time to be an oil worker.The slump in the price of crude — which is still half what it used to be even after a recent recovery — is hitting jobs and showing up in the consumer lending...
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Fintech could be bigger than ATMs, PayPal, and Bitcoin combined
We’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs.No firm is immune from the coming disruption and...
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Asian shares gain, dollar firm on Fed outlook
By Hideyuki SanoTOKYO (Reuters) - Asian shares gained on Wednesday, taking cues from sharp gains in European and U.S. financial shares while the dollar was underpinned as investors count on the U.S....
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STOCKS CLIMB: Here's what you need to know (DIA, SPX, SPY, QQQ, TLT, IWM,...
Stocks rallied for the second straight day on Wednesday and since folks in and around markets love a story about why stocks did what they did, a number of folks in our inbox suggested a "short squeeze"...
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How not to look like a sweaty mess in the office this summer
Summer is a dreaded time for many an office worker. Sure, it's easy to get away with full suits during the other three months of the year, but the warmest month always leaves them a little hot under...
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Glass Lewis recommends shareholders vote for Tribune Publishing board
By Liana B. Baker(Reuters) - Shareholder advisory firm Glass Lewis & Co said in a report that Tribune Publishing Co shareholders should not heed Gannett Co Inc's call to withhold votes for...
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Zipcar customers are becoming disillusioned for one troubling reason
Zipcar was once considered a glimmer of hope in the notoriously cumbersome rental car business.But the Boston-based car sharing service can't shake a constant stream of online criticism from customers...
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HP Inc's revenue falls about 11 percent on weak PC, printer sales
(Reuters) - HP Inc , which houses the former Hewlett-Packard Co's legacy hardware business, reported an about 11 percent drop in quarterly revenue as it struggles with weak demand for personal...
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14 words and phrases that only certifiable car nuts understand
People who love cars — people who really, really love cars — have a language all their own.We call these people "gearheads" ("petrol heads" in the UK), and while we are sometime among their numbers,...
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This finance trend is so hot even Amazon wants in (AMZN)
This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.The arrival of the age of fintech is about to shake up the financial...
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Struggling energy companies are getting money from an unlikely source
Banks have been pulling back from lending to energy companies.Hedge funds and buyout firms have been stepping in to the void.The oil price is down more than 50% since mid-2014, and banks are less eager...
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Mexico's Arca signs letter of intent with Coca-Cola bottling franchise in U.S.
MEXICO CITY (Reuters) - Mexican bottling company Arca Continental said on Wednesday it had signed a letter of intent with the Coca-Cola Company and Coca-Cola Bottling Company UNITED to operate the...
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One of the top tech-banking teams on Wall Street has been picked apart by rivals
Credit Suisse's technology-banking team is being picked apart.The group has lost six managing directors and one director so far this year, including the bulk of the West Coast tech...
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