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The lawsuit that kicked off all the Valeant drama has been settled
Valeant Pharmaceuticals has settled its lawsuit with R&O Pharmacy, a pharmacy that was once a part of the drug maker's specialty pharmacy network.It was this lawsuit, when uncovered by short seller...
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Citigroup has set up a new group to cater to the richest investors in the world
Citigroup has set up a new group within its investment bank to focus on some of the richest investors in the world.The US bank has created a global-asset management group inside the banking business,...
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This chart is proof that US worker productivity is not dead
US worker productivity has been declared dead. Robert Gordon's new book "The Rise and Fall of American Growth" has taken the economics world by storm this winter, and the book's core argument is that...
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NASCAR's enormous TV deal shows why live sports are indispensable to cable...
The cost of broadcasting live sports has exploded.As the looming threats of declining ratings and subscriber losses weigh on traditional TV networks, live sports have been a central component of...
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Virginia auto dealer group sues Tesla to stop second store in state
DETROIT (Reuters) - The Virginia Automobile Dealers Association (VADA) on Wednesday filed a lawsuit against Tesla Motors Inc and Virginia state officials to keep the electric car maker from opening a...
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iHeartMedia wins temporary restraining order against creditors: filing
By Jessica DiNapoliNEW YORK (Reuters) - iHeartMedia Inc, the largest owner of U.S. radio stations, on Wednesday secured a temporary restraining order from a state court in Texas rescinding notices of...
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Citi creates new group focused on serving fund clients
(Reuters) - Senior investment bankers Zubaid Ahmad and Brad Coleman will be leading a new group at Citigroup Inc focused on better serving clients that are private equity firms, hedge funds and...
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China's Alibaba says agrees $3 billion five-year loan
SHANGHAI (Reuters) - China's Alibaba Group Holding Ltd on Thursday said it has signed a deal for a $3 billion five-year loan, which will help the e-commerce giant as it snaps up stakes in companies...
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Jack Dorsey explains how he manages 18-hour workdays at 2 companies, and why...
Most people would find it challenging to run even one public company well.But if you ask Jack Dorsey, who's playing the dual CEO role at Twitter and Square, it's no problem at all."I benefit a lot from...
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The Chevy Volt is the perfect car — but nobody seems to care (gm)
Let me set the Wayback machine to 2010 for a moment.Excitement then around electric cars and plug-in hybrid electric cars was running high. The Toyota Prius had revolutionized the way Americans thought...
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Asia stocks edge up after NZ's rate cut surprise, all eyes on ECB
By Shinichi SaoshiroTOKYO (Reuters) - Asian stocks edged up on Thursday after New Zealand surprised markets with a rate cut, keeping investors primed for more stimulus from the European Central Bank...
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China is trying to build an empire of electric cars — but the strategy has...
The Chinese government is going all in on electric cars. After all, China is currently plagued with some of the worst air pollution in the world.It's also one of Tesla founder, Elon Musk's prime...
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New Zealand central bank surprises market with rate cut
By Rebecca Howard and Jane WardellWELLINGTON (Reuters) - A weak global outlook and tepid inflation expectations pushed New Zealand's central bank to cut interest rates to a record low 2.25 percent, a...
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Here's what Jack Dorsey told a Square customer who Bank of America tried to...
From tech companies like PayPal to big banks like Bank of America, everyone seems to be gunning for a piece of Square's business.But Square CEO Jack Dorsey says there's one major difference between his...
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The 'Japanification' of markets has taught us 3 simple lessons (USDJPY, USD,...
The Japanese economy has been floating through the abyss of zero interest rates for more than 20 years, unable to recover from the fallout related to its massive real estate bubble that popped in the...
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America Movil wraps up bond issues for year, no acquisition plans: CFO
MEXICO CITY (Reuters) - Mexico's America Movil does not plan to issue any more bonds for more than a year after selling 1.5 billion euros in debt this week, Chief Financial Officer Carlos Garcia Moreno...
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Honda to compensate U.S. dealers for losses over air bag recalls: Automotive...
(Reuters) - Honda Motor Co <7267.T> is preparing to compensate U.S. dealers for depreciation costs of vehicles they cannot sell because of the massive recall linked to potentially faulty air bag...
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MARKETS GO HAYWIRE AFTER THE ECB: Here's what you need to know
It was a chaotic day on Thursday, punctuated by the European Central Bank's announcement that it would further cut interest rates and increase the size of its quantitative easing program. Initially...
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U.S. government calls Apple rhetoric 'false' in iPhone case
(Reuters) - The U.S. Justice Department on Thursday said Apple Inc's rhetoric was "false" in a high-profile fight over the government's bid to unlock an encrypted iPhone belonging to one of the San...
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China just made a move to tackle the biggest threat to its economy, and it...
This is usually the last stop before bankruptcy.Chinese officials have told Reuters that they will start allowing commercial banks to swap nonperforming loans in super-indebted companies for stock.That...
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