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StanChart's $300 Million Fine Raises Heat On Board By Clip Syndicate A $300 million fine on Standard Chartered for lapses in anti-money laundering controls has piled pressure on the bank's board, coming after a series of transgressions and a drop in earnings that had already prompted calls for change at the top. Chief Executive Peter Sands has faced criticism following big losses in Korea, a slowdown in investment banking and the impact of tougher regulations. The bank warned in June that profit would fall in 2014 for a second straight year. Some investors have already questioned the futures of Sands and Chairman John Peace, prompting the bank to reject reports in July that it was planning for their succession.

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Bombardier Names Company Veteran As President Of New Aerostructures Unit By Clip Syndicate Bombardier Incorporated said on Wednesday that it has has appointed a company veteran to head its new Aerostructures and Engineering Services division-- the most recent change at the Canadian plane and train maker as it struggles to push its new CSeries aircraft into commercial service. ...Read More »
Poll: North Carolina Dems Barely Hanging On By Clip Syndicate You'd think the Democratic nominee for U.S. Senate would be a shoo-in, given an electorate where registered Democrats dominate by 750,000. No, not in deep blue Massachusetts — which boasts a million more registered Democrats than Republicans. Rather, the electorate is in North Carolina, where there are more than 2,750,000 registered Democrats, 2,000,000 Republicans, and about 1,750,000 Independents. In the latest Suffolk University/USA TODAY survey of likely general-election voters in North Carolina, incumbent Senator Kay Hagan was clinging to a 2-point lead over Republican challenger and North Carolina General Assembly Speaker Thom Tillis. Hagan's registration advantage evaporates because of voters, especially independents, who are dissatisfied with her job performance and feel that Obamacare is bad for North Carolina.

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Wednesday Sector Laggards: Transportation Services, Education & Training Services By Clip Syndicate In trading on Wednesday, transportation services shares were relative laggards, down on the day by about 1.5%. Helping drag down the group were shares of Hertz Global Holdings (HTZ), down about 9.8% and shares of GasLog (GLOG) down about 2.4% on the day. ...Read More »
Dow Movers: GS, HD By Clip Syndicate In early trading on Wednesday, shares of Home Depot (HD) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.3%. Year to date, Home Depot registers a 8.5% gain. ...Read More »
Argentina Says Proposed Debt Swap Aims To Protect Investors By Clip Syndicate Cabinet chief Jorge Capitanich said on Wednesday, Argentina's plan for making payments on its sovereign bonds via a local bank aims to protect the vast majority of creditors who participated in two debt restructurings. The government is sending a bill to Congress replacing its New York intermediary bank with state-run Banco Nacion, the latest move in a years-old legal chess game between Argentina and holders of defaulted bonds who have sued for full repayment. ...Read More »
Snapchat In Talks To Expand Services: WSJ By Clip Syndicate The Wall Street Journal reported on Tuesday, Snapchat Inc, developer of a mobile app that lets users send messages that disappear within seconds, might expand its service to videos, news articles and advertisements. The Journal reported, citing sources, the California-based company is in talks with advertisers and media companies about a service called Snapchat Discovery. The Journal quoted the sources as saying, Snapchat Discovery, rumored to debut in November, will show content and ads to Snapchat users. The Journal said, at least a dozen media companies have shown interest in providing content for Snapchat Discovery.

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Tuesday Sector Laggards: Precious Metals, Biotechnology Stocks By Clip Syndicate In trading on Tuesday, precious metals shares were relative laggards, down on the day by about 0.7%. Helping drag down the group were shares of Alamos Gold (AGI), down about 3.8% and shares of Rubicon Minerals (RBY) down about 3.1% on the day. ...Read More »
Dow Analyst Moves: BA By Clip Syndicate The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Boeing (BA) is the #4 analyst pick. Boeing Co. ...Read More »
Citi Tells Court Its Argentina Banking License At Risk By Clip Syndicate Citigroup has told the U.S. appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country's debt restructuring that its Argentine banking license may be at risk as a result of the standoff. That is because under orders from U.S. District Judge Thomas Griesa, Citibank Argentina is barred from distributing payments it will receive from Argentina to holders of a class of restructured bonds that are governed under Argentine law. Meanwhile, the Argentine government has demanded that the bank honor its obligations under local law.

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