Ally to pay $2.1 billion to settle claims tied to ResCap
By Tom Hals (Reuters) - Ally Financial Inc agreed on Thursday to pay $2.1 billion to settle legal claims tied to its bankrupt Reside...
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Tesco will not pay executive bonuses without rise in profits
LONDON (Reuters) - Tesco executives will not receive a bonus in the current financial year unless they can reverse a decline in pro...
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New home sales rise, prices surge to record highs
(Reuters) - Sales of new single-family homes rose 2.3 percent in April, and prices climbed to record high levels, offering strong pr...
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JPMorgan appoints new consumer bank head
(Reuters) - JPMorgan Chase said it has appointed Barry Sommers as chief executive of its consumer bank, which includes its wealth m...
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Apple enjoyed Irish tax holiday from the start
By Poornima Gupta and Padraic Halpin SAN FRANCISCO/DUBLIN (Reuters) - Apple has operated almost tax-free in Ireland since 1980, welc...
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China formally approves Boeing's Dreamliner for use
BEIJING (Reuters) - China's civil aviation regulator on Thursday formally approved Boeing Co's 787 Dreamliner for use in the countr...
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Ally to contribute $2.1 billion to settle ResCap litigation
(Reuters) - Ally Financial Inc agreed to contribute $2.1 billion to Residential Capital LLC to settle claims that it stripped the ba...
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Factory activity slips to seven-month low in May: Markit
NEW YORK (Reuters) - Manufacturing slowed for a second straight month in May as weak overseas demand and government belt-tightening ...
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Apax Partners to take rue21 private in $1.1 billion deal
(Reuters) - Private equity firm Apax Partners will acquire teen-apparel retailer rue21 Inc in a deal valued at about $1.1 billion, ...
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Argentina, Repsol struggle to bridge gap over YPF compensation
By Tracy Rucinski and Karina Grazina MADRID/BUENOS AIRES (Reuters) - A year after Argentina seized the local business of Spanish oil...
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