Business

Deutsche Bank Said to Warn of Continued Job Cuts

Deutsche Bank told some employees on Wednesday that job cuts will continue even after Germany’s largest lender slashed bonuses for senior staff, according to a person with knowledge of the…

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JPMorgan Settles Mortgage-Discrimination Lawsuit

JPMorgan Chase will pay $55 million to settle federal charges that independent brokers working for the bank discriminated against minorities seeking home mortgages during the housing crisis. While the settlement…

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World Stocks Mixed as Dollar Regains Footing After Slide

World stocks were mixed Wednesday following a sharp correction in the dollar that sapped investor enthusiasm. European shares were uneven in early trading. Germany’s DAX rose 0.1 percent to 11,554.09…

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Business Briefs – January 17, 2017

As U.S. Looks Inward, China Seeks A Lead Role on World Stage DAVOS, Switzerland (AP) – With the U.S. increasingly looking inward and China eager to take a lead on…

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Tiffany Feels the Trump Effect on 5th Avenue

Security barricades, protesters and a perpetual media encampment in and around Trump Tower since the election tarnished sales at Tiffany, the posh jeweler whose flagship store is just steps from…

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Tobacco Giant to Emerge From $49B Deal

British American Tobacco will take over Reynolds American Inc. to create the world’s largest publicly traded tobacco company that would seek to capitalize on growing demand for electronic cigarettes in…

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Global Stocks Sink Amid Brexit Worries

Global stocks fell further Tuesday after Britain said Prime Minister Theresa May will announce London plans to withdraw completely from the European Union. Germany’s DAX index lost 0.7 percent to…

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