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Business News

Location American Business News for 31 August 2018
Get free Chick-fil-A nuggets with the chicken chain's smartphone app through Sept. 29 Chick-fil-A has a freebie, through Sept. 29, that doesn't require a cow costume. You'll just need the chicken chain's smartphone app.        
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US stocks are little changed as investors await trade news Global shares are mostly lower following a report that the Trump administration could put tariffs on $200 billion in Chinese goods as early as next week
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Asian stocks were broadly lower in early trading Friday, after a report that President Donald Trump was pushing ahead with his plan for tariffs on an additional $200 billion worth of Chinese goods and threatened to withd...
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Forbes Asia Investment Briefing: Parry Global Group Says China Won't Expand Money Supply The latest episode of the Forbes Asia Investment Briefing comes from Parry Global Group Managing Director, Gavin Parry. He tells us what's caught his eye this week, and what he'll be watching for over the coming weeks an...
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Boeing wins contract to build four flying drone tankers for the Navy In a contest to build the first drone that will fly alongside Navy carrier fighters, Boeing Co. has won a contract worth up to $805 million to build aerial refueling tankers, the Pentagon said Thursday. Most of the work ...
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CFPB posts rule explaining how HMDA exemptions will work

American Banker - 31 Aug 2018 23:07
The Consumer Financial Protection Bureau issued an interpretive rule Friday to clarify changes made to the Home Mortgage Disclosure Act that were mandated by President Trump's regulatory relief law.
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A Maryland man has sued Six Flags America, arguing guards beat him as he left the park after a disagreement this summer. The Washington Post reports Nicholaus Mims, who is …
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Shares in French retailer Casino sank as much as 15 percent on Friday amid fresh concerns over its debt burden.
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Hedge funds were loving these 25 stocks in the 2nd quarter

Business Insider - 31 Aug 2018 16:36
Hedge funds were loving these 25 stocks in the 2nd quarter Heidi Gutman / CNBC WalletHub analyzes financial disclosures for 400 of the largest hedge funds every quarter to help other investors replicate their success. The firm put together a list of the funds' favorite stocks, i...
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Top NAFTA negotiators from Canada and the United States worked late into the night Thursday to resolve final differences to meet a Friday deadline, with their Mexican counterpart on standby to rejoin the talks soon.
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Wells Fargo & Co. has fired or suspended more than a dozen employees in its investment bank and is investigating dozens of others over alleged violations of the company's expense policy regarding after-hours meals, accor...
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How big a data security problem is the Fiserv glitch?

American Banker - 31 Aug 2018 20:08
The company built a patch within 24 hours of being alerted to a vulnerability in messaging software used by many banks. Fiserv is looking into how this happened while addressing speculation about whether consumer data is...
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Coca-Cola to buy UK coffee giant Costa Limited

USA Today - 31 Aug 2018 17:10
Coca-Cola to buy UK coffee giant Costa Limited Coca-Cola's strategy to include other, less-sugary and more profitable drinks will be served by this $5.1 billion acquisition.        
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5 ways to actually enjoy your next layover -- no matter where it is AP/Michael Dinneen Layovers can be a drag when you just want to get from point A to point B; after all, they tack extra time onto your trip and force you to get off an airplane (and deal with the chaos of boarding again)...
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Coca-Cola just bought a massive coffee chain for $5.1 billion, and it's a huge bet on physical stores (KO) Getty/Dan Kitwood Coca-Cola just purchased British coffee-shop chain Costa Coffee for $5.1 billion. The beverage giant does not currently have any hot-drink offerings or direct retail outlets. The Costa Coffee acquisitio...
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Coca-Cola just bought this Starbucks rival for $5.1B Coke will use its distribution network to supercharge Costa's expansion as it chases market leader Starbucks, which has 29,000 stores.
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The S&P 500 and the Dow Jones Industrial Average were largely flat on Friday hit by concerns about ongoing trade talks between the United States and other major economies, but gains in Apple and Amazon lifted the Nasdaq.
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You'll Never Guess Which Company Is Reinventing Health Benefits Frustrated with insurers, some large companies -- including a certain cable behemoth -- are shedding long-held practices and adopting a do-it-yourself approach.
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Lyft is racing to beat Uber to an IPO

New York Post - 31 Aug 2018 16:00
Lyft is racing to beat Uber to an IPO Lyft is reportedly racing to beat Uber to the public markets, targeting an initial public offering for next spring. The ride-hailing company has hired IPO adviser Class V Group LLC to work with management through the pro...
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Banks are back as dominant lenders but it's a treacherous road ahead Banks were no longer the preferred lenders in FY17, with their share dropping to 34% in the total flow of funds to the commercial sector
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President Donald Trump is canceling pay raises due in January for most civilian federal employees, he informed Congress on Thursday, citing budget constraints. But the workers still could see a …
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Japan Is Trying To Catch UpWithChina In Sri Lanka Japan is getting more serious about preventing China's dominance of the Indian Ocean.
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