Business

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Toys 'R' Us collapse to hit Hasbro holiday sales

The bankruptcy of Toys 'R' Us weakened Hasbro's forecasts for the holiday season. But as Fred Katayama reports, the retailer released strong earnings. Peoples are...
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JPMorgan makes app to attract young

The U.S. bank launched a new smartphone app Monday aimed at attracting young depositors who may live far away from Chase branches. Peoples are using...
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Economy over environment: Ecuador defends oil grab

The manager of state oil company Petroamazonas has defended Ecuador's plans to expand exploitation of major oil reserves in one of the world's most...
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Spanish markets strained, Catalonia tensions rise

Madrid's bourse underperformed its peers for another session as the ongoing crisis in Catalonia continued to take its toll. As Ciara Lee reports,...
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China backed taxi app takes on Uber in Middle East

Middle Eastern taxi app firm Careem hopes investment from China's Didi Chuxing will help it rival Uber across the region. As Nawied Jabarkhyl reports,...
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Halliburton's profit spurts higher

Stronger market conditions in North America fueled the oilfield services giant's quarterly results. As Fred Katayama reports, its international revenues grew unlike its rival...
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Big money stays away from booming bitcoin

Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged...
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Abenomics victory lifts world stocks to new record

Japanese Prime Minister Shinzo Abe's convincing election victory lifted the Nikkei to its highest in 21 years and world stocks to an all-time high...
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Oil keeps gains, due to Iraq and drop in U.S. rigs

Oil prices largely held on to last week's gains early on Monday, supported by supply disruptions in Iraq and a drop in U.S. drilling....
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High noon for the ECB, Draghi at the QE Corral

The ECB will this week decide to trim its asset purchases, according to a Reuters poll of economists, while also extending its QE programme....
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Trump tax cuts gain momentum

President Donald Trump's drive to overhaul the U.S. tax code cleared a critical hurdle when the Senate approved a budget blueprint for the 2018...
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Tech companies lobby for 'Dreamers'

Nearly two dozen major technology companies are planning to launch a coalition to demand legislation that would allow illegal immigrants a path to permanent...
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GE stock drops on earnings

General Electric's third-quarter profit missed Wall Street estimates by a wide margin and the company slashed its earnings forecast, sending its stock down. Fred...
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Wall Street rises on tax-cut hopes

Investors grew optimistic Friday after the Trump administration cleared a hurdle to cut taxes. As Fred Katayama reports, bank and tech stocks led the...
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Japan's Kobe losing customers because of scandal

Embattled Japanese steelmaker, Kobe, says it has lost customers to competitors because of widespread data falsification. As David Pollard reports, executives have now...
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Mexicans turn to quake alerting app

A popular Mexican earthquake alerting app seeks funding to expand to quake-prone Latin American countries. Peoples are using these keywords: Fred katayama, Fred katayamaprivate equity,...
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P&G's quarterly sales drag

A sharp drop in demand for Procter & Gamble's grooming products cut into sales growth at the consumer products company. Fred Katayama reports. Peoples are...
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Spain tightens grip on Catalan independence bid

As tensions rise over Catalonia secessionist drive, the Spanish government has reportedly agreed with the opposition Socialists to hold regional elections in the autonomous...

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