Politics

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Best Buy comparable sales down; outlook for holiday season weak

(Reuters) - Retail chain Best Buy Co Inc (BBY.At Best Buy, declines in tablets, mobile phones and digital imaging offset growth in major appliances, wearables and large-screen televisions in the third quarter ended on Oct.

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VW to cut capex as emissions scandal weakens unions

Analysts on average expect Volkswagen (VW) to cut annual spending on factories, models and equipment by 10 percent from the 17.1 billion euros ($18.

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Ford-UAW pact seems headed for defeat as voting nears end

DETROIT (Reuters) - A proposed four-year labor contract between Ford Motor Co (F.factory jobs and argue that the proposed agreement with Ford would be the richest in history.

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Square IPO set to price Wednesday in highly watched deal

SAN FRANCISCO (Reuters) - Mobile payments company Square Inc (SQ.N) is set to price shares for its initial public offering late Wednesday in what is expected to be a harbinger for how other highly valued tech companies are received in their public debuts.

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Ford's Lincoln brand debuts new face for its best-selling model

(Reuters) - Ford Motor Co’s (F.N) Lincoln brand is changing the look of its vehicles, starting with a new face for its best-selling model, the MKZ sedan.

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Barclays to pay $150 million more to New York regulator in forex probe

(Reuters) - Barclays Plc will pay an additional $150 million to New York State’s financial regulator to resolve allegations that it rigged foreign exchange trading by putting the bank’s interests ahead of those of its clients, the regulator said on Wednesday.The British bank is also removing a head of global electronic trading for foreign exchange-related misconduct, the New York Department of Financial Services (NYDFS) said.

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U.S. stocks lose gains after German bomb scare; oil drops

shares ceded gains on Tuesday after a soccer match in Germany was called off over fears of a planned bomb attack, while prices of longer-dated U.6 percent, as Germany’s United Internet and Dutch-based Randstad, the world’s second-biggest staffing company, posted encouraging results.

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White House threatens veto of rule-based monetary policy bill

WASHINGTON (Reuters) - The White House on Tuesday issued a veto threat for a Republican-backed bill to make the Federal Reserve set interest rate policy using a mathematical rule, a proposal Fed Chair Janet Yellen said would “severely damage” the U.The Obama administration opposes the proposal because it would hinder the Fed’s ability to help the economy, the White House said in a statement.

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Buffett not selling stocks as a result of Paris attacks: CNBC

(Reuters) - Billionaire investor Warren Buffett is not selling any securities from his portfolio as a result of Friday’s attacks in Paris, CNBC said on Monday.S.

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U.S. stock futures, euro skid after Paris attacks

8 percent, after shedding about 1 percent in light volume in late trading on Friday.News of the attacks by gunmen and bombers that killed 132 people in the French capital came after U.

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GE, Textron team up to make new turboprop engine, aircraft

LAS VEGAS (Reuters) - GE Aviation said on Monday it had teamed up with Textron Aviation to produce an all-new turboprop aircraft and engine for the general aviation market, part of an effort GE expects will generate up to $1 billion in annual sales of engines by around 2020.N), said its so-called advanced turboprop engine takes aim at a widely used engine by United Technologies (UTX.

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Jury finds Ernst & Young liable over investor's Madoff losses

(Reuters) - Ernst & Young LLP was found liable on Friday by a Washington state jury for the losses of an investment firm from the collapse in 2008 of fraudster Bernard Madoff’s multibillion dollar Ponzi scheme.A jury in Seattle sided with FutureSelect Portfolio Management Inc in finding the auditing firm was negligent in its work for funds that funneled money to Madoff.

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Standard Chartered to pay $6.3 million in Swiss program deal

(Reuters) - Standard Chartered Bank’s Swiss unit [STANB.accounts and to adopt procedures for avoiding future misconduct, the Justice Department said.

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GE options volume surges on Synchrony swap

There has been a record surge in GE’s options trading volume as investors look to hedge their risk of holding GE.29 and Synchrony shares were down 11 cents to $30.

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Amazon may export delivery lessons from India to cut costs abroad

But, like local rivals Flipkart and Snapdeal, Amazon has struggled with deliveries in cities where snarl-ups are frequent and road signs unreliable.More than two years on from its arrival in India, Amazon says it is now ready to apply some of the innovations applied here to markets including the United States, Mexico and Brazil.

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Toshiba lawsuit highlights Japan governance reform still lacking: lawyers

T) lawsuit against former executives linked to a $1.3 billion accounting scandal is a defensive maneuver that highlights a lack of sincere reform, lawyers and corporate governance experts said.

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Amazon debuts in Thomson Reuters 2015 top 100 innovators list

O) made its debut in the 2015 Thomson Reuters Top 100 global innovators list, leaving International Business Machines Corp (IBM.Amazon joins the innovators list for the first time for innovations in data centers, devices, electronic methods and systems, according to its latest report.

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Oil slumps 4 percent, nears new six-year low as glut persists

S.S.

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U.S. labor market data supportive of rate hike

That was the third highest reading since the series started and lifted the jobs openings rate to 3.The gap between job openings and hiring suggests employers are having trouble finding qualified workers.

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Facebook reports surge in government requests for data

Most government requests relate to criminal cases, such as robberies or kidnappings, Facebook said.The government often requests basic subscriber information, IP addresses or account content, including people’s posts online.