Volkswagen AG's U.S. unit agreed to settle a lawsuit over the company's marketing of clean-emissions vehicles, resolving a contentious fight over consumer fraud claims just before it was about to go to trial. The suit was dismissed on Friday by Fairfax County Circuit Court Chief Judge Bruce D. White on
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The final bill of the fraud at Punjab National Bank to the Indian banking system could well be in the vicinity of Rs 21,000 crore, if one were to account for the secured loans to the Nirav Modi group and the Gitanjali group of companies. With investigative agencies cracking down on both groups and
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An empty bank building at the northeast corner of Charles Street and North Avenue is a landmark of a tattered financial history. The old Park Bank, once an institution popular with Baltimore savers and shoppers, was a casualty of Great Depression of the 1930s. Its failure â and the loss of millions of
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McGregor originally appeared on âWheel of Fortuneâ on Feb. 20. But instead of airing the episode, KSBY, which broadcasts the popular game show in the San Luis Obispo and Santa Barbara areas, showed the Winter Olympics. (ABC and CBS affiliates aired âWheel of Fortuneâ as usual that evening.)
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Speaking on the biggest banking scam in the country's history for the second time this week, the finance minister said that it was worrying to see employees conniving with fraudsters and that … 11,400-crore fraud at Punjab National Bank, and said if needed law would be tightened to punish fraudsters.
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Duckworth called upon the president to take action against “bad actors” violating international trade deals by dumping steel below cost here, with an eye … “We need to do what we can to ensure everyone plays fair on an international level and to promote American businesses by buying American
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BB&T's systems have “substantially recovered” since an equipment malfunction left the bank's customers locked out of online banking on payday. Online and mobile banking platforms have been restored, as well as the company's automated Phone24 service and ATMs, according to a statement posted
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That's important to note, because the company's domestic customers have a contributing margin of 34% — more than double what it was just two years ago — but its international customers' contributing margin is only 8.7%. As Netflix incrementally increases prices overseas, as it's done in the U.S., those
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The firm owned 380,596 shares of the conglomerate's stock after purchasing an additional 5,039 shares during the quarter. Honeywell International comprises approximately 2.0% of Ferguson Wellman Capital Management Inc.'s holdings, making the stock its 6th largest holding. Ferguson Wellman
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Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company's stock worth $216,000 after buying an additional 12 shares during the period. Rench Wealth Management Inc. increased its stake in International Business Machines by 1.0% during the 2nd quarter. Rench Wealth
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Fortune Brands Home & Security logo BlackRock Inc. lowered its holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) by 0.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,725,571 shares of the industrial products company's
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Zacks Investment Research upgraded shares of International Speedway (NASDAQ:ISCA) from a hold rating to a buy rating in a research note issued to investors on Tuesday, January 30th. The brokerage currently has $50.00 price objective on the stock. According to Zacks, âInternational Speedway
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Flaming Fowl Studio and Mediatonic have announced that Fable Fortune, a free to play collectible card game, has launched on Steam, for Windows 10 and on XBox One. Players who download the free to play game will immediately recognize the setting and characters as those from the Fable series of
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Finance Minister Arun Jaitley today ruled out privatisation of public sector banks as a response to the Rs 11,400-crore fraud hitting Punjab National Bank, saying the move may not be politically acceptable. Speaking at an event, he said a lot of people have started talking of privatisation in the aftermath of
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Fintech company, FormFree, announced the availability of its AccountChek automated asset verification service within LendingQB's web-based loan origination software (LOS). The integration enables lenders to order AccountChek Asset Reports directly from LendingQB's verifications dashboard.
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The U.S. Securities and Exchange Commission on Wednesday issued new guidance imploring companies to be more transparent in handling cybersecurity risk and data breach disclosures. The injunction which, it must be noted, lacks teeth, is awfully similar to recommendations the commission made
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Mutual of Omaha got into the banking business more than a decade ago by buying a Lincoln bank, Security Federal Savings Bank, in 2007. Though the banking operation has grown to become nationwide and now has a presence in many large metro areas, Ludemann said Lincoln remains an important
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Candriam Luxembourg S.C.A. increased its position in shares of Marriott International Inc (NASDAQ:MAR) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,082 shares of the company's stock after buying an additional
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Restaurant Brands International logo Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) Director Ali Hedayat bought 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was acquired at an average cost of $58.00 per share, for a total
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The weekend is here! Pour yourself a mug of Stumptown, grab a seat in the sun(!?), and get ready for our longer form weekend reads: Private Equity: Overvalued and Overrated? (American Affairs Journal); Nathan Myhrvold, myth buster: He was the physicist who went to Microsoft and made his fortune.
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