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U.S. Senate votes to overturn Obama broadband privacy rules

The U.S. Senate on Thursday voted narrowly to repeal regulations requiring internet service providers to do more to protect customers’ privacy than websites like Alphabet Inc’s Google (GOOGL.O) or Facebook Inc (FB.O). The vote was along party lines, with 50 Republicans approving the measure and 48 Democrats rejecting it. The …

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Trump Tantrum looms on Wall Street if healthcare effort stalls

The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration’s healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth. Investors are dialing back hopes that U.S. President Donald Trump will swiftly enact …

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Asian stocks slide as fresh Trump jitters damage risk sentiment

Asian stocks posted their biggest drop in two weeks on Wednesday as growing doubts about Donald Trump’s economic growth agenda prompted investors to dump risky assets and rush to safe havens such as gold and government debt. Equity markets across the region were a sea of red and the Australian …

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Wal-Mart to launch investment arm in e-commerce push

Wal-Mart Stores Inc, the world’s largest retailer, will launch its first investment arm to expand its e-commerce business in partnership with retail start-ups, venture capitalists and entrepreneurs, the company said on Monday. The plan is being spearheaded by Marc Lore, Wal-Mart’s e-commerce chief, who joined the Bentonville, Arkansas-based company from …

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Albertsons held preliminary merger talks with Sprouts: Bloomberg

Grocery business Albertsons Cos held preliminary talks to merge with Sprouts Farmers Market Inc (SFM.O), Bloomberg reported on Sunday, citing people familiar with the situation. Bloomberg said the early stage discussions took place in recent weeks and involved a plan to take Sprouts private. Doing so would add the natural …

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Wall Street bonuses may show first uptick since 2009, firm says

Wall Street bonuses may climb as much as 15 percent this year in their first meaningful uptick since 2009, compensation firm Johnson Associates Inc said on Friday. An increase in market volatility since the election of U.S. President Donald Trump may boost trading profits, the firm said in a presentation …

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Ackman’s Pershing Square sells Valeant stake, takes $3 billion loss

Billionaire investor William Ackman walked away from Valeant Pharmaceuticals International Inc on Monday with a loss of more than $3 billion as he sold his entire stake in the struggling drug company after trying to rescue it for some 18 months. The abrupt and unexpected move by the powerful activist …

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Volkswagen pleads guilty in U.S. court in diesel emissions scandal

Volkswagen AG (VOWG_p.DE) pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the U.S. Justice Department in January over the automaker’s diesel emissions scandal. It was the first time the company has pleaded guilty to criminal conduct in …

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U.S. job growth seen strong in February; wages to rebound

U.S. employers likely maintained a brisk pace of hiring in February and boosted wages for workers, which is expected to give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. Nonfarm payrolls probably increased by 190,000 jobs last month, according to a Reuters …

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Dollar firm in Asia, resource shares on the run

The dollar stood firm in Asia on Thursday and bond yields spiked after super-strong U.S. jobs data made a rate hike a near certainty, while oil nursed bruising losses as U.S. stockpiles swelled past all expectations. With energy stocks on the run, MSCI’s broadest index of Asia-Pacific shares outside Japan …

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