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Top 100 Stories to Know for 27 May 2017 - United States

The slow remaking of the taxi-medallion loan market

American Banker - 26 May 2017 01:08
Amid all the bad news this year among taxi-medallion lenders, banks are trying to renegotiate loan terms behind the scenes, and regulatory changes could prop up collateral values and the... competitiveness of taxis.
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Cliff Asness: Avoid Sin StocksThe hedge-fund star writes that pursuing socially responsible investing "should hurt expected returns."
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Lenders protest proposed FHA fee for risk upgrades

American Banker - 24 May 2017 02:08
Lenders are objecting to the Trump administration's proposed $30 million fee designed to partially fund upgrades to the FHA.
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PayPal Fueled by Innovation

Barron's - 24 May 2017 18:38
PayPal Fueled by InnovationOne Touch and Pay With Venmo are increasing transactions. The stock could reach $62.
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Puma Biotechnology FDA Live Blog

Forbes - 24 May 2017 14:12
A live blog of the FDA's deliberations on neratinib, a breast cancer drug developed by Puma Biotechnology.
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Uber's Simple Math MistakeIt's so much money! No wait, it's basically a rounding error.
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Jack Ma's Ant Financial close to buying MoneyGram

New York Post - 23 May 2017 05:26
Jack Ma's Ant Financial closeChinese billionaire Jack Ma's Ant Financial is moving closer to getting regulatory approval to buy MoneyGram, The Post has learned -- despite concerns in Washington about money laundering. "Ant and... its advisers are working very constructively with [federal regulators]" to close the $1.2 billion MoneyGram acquisition, a source close to the situation said, referring to...
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8 Ways to Get a Difficult Conversation Back on Track

Harvard Business Review - 22 May 2017 16:00
Increase your conversational agility.
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7 things you probably didn'tInes Hegedus-Garcia/Flickr Costco is known for its bargains, but did you know it's also a place where you can buy a luxurious steak? The retail giant sells a number of items that you might not... consider buyingduring yourweekly shopping trip. Of course, there are some staples you should always buy in bulk at Costco, like bacon and laundry detergents. But there are also some surprisingly pricey items that may make sense to sweep up at Costco, too. Here are seven things that Costco sells that you might not know about: 1. Coffins Costco Most people probably don't realize that Costco has an entire funeral category, selling coffins in most states. Beyond caskets, which cost between $949.99 and $2,999.99, the company also sells a variety of urns. Costco's coffins, sold in partnership with...
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A Kuwaiti logistics company has agreed to pay $95 million to resolve allegations that it inflated prices and defrauded the U.S. government for contracts to feed American troops in Iraq, …
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Chipotle says hackers used malware to steal customer payment data from most stores; amount of payment cards or customers affected is unknown.
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Trump's 2018 budget will killOtto Greule Jr /Getty Should Donald Trump's 2018 budget pass, federal funding for a proposed early earthquake warning system will disappear, killing the project faster than you can say "seismograph."... According to the proposed budget, the ShakeAlert early warning system will not receive the $8.2 million in funding it needs to be implemented. TheLos Angeles Timesreports that the system would have warned people of an upcoming quake seconds or minutes before the earth began to tremble. The program needs more seismic sensors installed along the West and Pacific Northwest, as well as a staff of about 40 or 50 to monitor them. In a statement accompanying the Interior Department's budget, interior secretary Ryan Zinke lauded Trump's budget for cutting "wasteful spending" and saving$137.8 million....
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Puerto Rico governor isHedge fund managers are feeling pain during what Puerto Rico's governor said is one of the "most challenging times" in the island's financial history. At issue are the billions hedge funds such as... Aurelius Capital Management, Monarch Alternative Capital and Tilden Park Capital Management poured into the commonwealth's bonds a few years ago. As Puerto...
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It's Time for Investors to Pounce on Banks

Barron's - 27 May 2017 06:38
It's Time for Investors toCitigroup could be a big winner in this year's stress tests. Here's how to position yourself to take advantage.
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Here's how Trump's salaryBeing a world leader isn't merely about having a powerful military arsenal at your disposal or inspiring a generation of youth to become productive members of society. It's also about the delicate... balancing act between progressing one's country and defending the fundamental principles of its social or moral code -- and with so much responsibility, you can be sure to expect a democratically elected president or even a monarch to be amply compensated for their services. Of course, the buck doesn't stop there: After the end of one's term, there's always the lucrative speaking engagement circuit or book deal they could sign on to -- Hillary and Bill Clinton reportedly earned over $10 million from mostly speaking fees and royalties in 2015. Regardless, the base pay for our world leaders isn't...
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The New Starbucks CEO Seems ToThe first major initiative under new CEO Kevin Johnson, the North Star project, has landed with a thud.
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He made record profits for automaker during his short tenure at the top, but could not survive a 40% plunge in stock price
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Wells Fargo Found Liable InAfter losing a $350 million tax shelter case last year, Wells Fargo has now lost a second court fight, this time over IRS penalties for the shelter.
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What Does The US Pay For Trade Deals?

Forbes - 26 May 2017 06:19
What Does The US Pay For TradePlaudits to the administration for engaging in the public intellectual debate. Demerits for getting it wrong.
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SAN FRANCISCO
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(Reuters) - A federal judge ordered United Parcel Service Inc to pay nearly $247 million in damages and penalties for "illegally shipping" large volumes of untaxed cigarettes in New York state and... City, a court filing showed on Thursday.
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Why this bank sold itself for zero premium

American Banker - 25 May 2017 22:08
Anchor Bancorp in Laney, Wash., lowered its expectations in the face of impatient investors and buyers' concerns about antitrust, credit quality and other issues.
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A Simple GE Trade forGeneral Electric stock is near a multiyear low but this classic trading strategy can boost returns.
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Top Pence adviser blasts FDIC resolution powers

American Banker - 25 May 2017 19:08
A top Trump administration official on Thursday vowed to roll back FDIC powers to seize and unwind a failing megabank.
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Investors take their last position ahead of the OPEC meeting on Thursday, as oil recoups some losses following a pullback.
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