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The Top News
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9:14 PM - Wednesday, August 20, 2014
6 hour ago - WSJ.com
Bank of America is expected to pay nearly $17 billion to settle U.S. Department of Justice accusations it packaged shoddy mortgages into securities and sold them to investors in the run-up to the financial crisis.
4 hour ago - MarketWatch.com
LOS ANGELES (MarketWatch) -- A preliminary reading of China's manufacturing sector showed activity slowing to a three-month low this month, according to data out Thursday from HSBC and Markit. The "flash" version of HSBC's August manufacturing . . .
4 hour ago - WSJ.com
Australia's Treasury Wine Estates Ltd.—enmeshed in a takeover battle led by two private-equity firms—hit the bottom end of its annual earnings guidance, easing pressure on the suitors to raise their evenly matched offers.
6 hour ago - WSJ.com
Lowe's scaled back its sales outlook for the year, even though the home-improvement retailer posted strong results as shoppers came out to spend on seasonal and big-ticket items.
4 hour ago - Yahoo! News: Business News
Senior executives of China's state-owned enterprises (SOEs) face pay cuts of up to 50 percent under a reform plan approved by President Xi Jinping, the South China Morning Post reported on Thursday, citing sources. China needed to speed up refo . . .
6 hour ago - MarketWatch.com
A handful of private-equity firms are vying to buy American Tire Distributors in an auction that could fetch more than $3 billion, The Wall Street Journal reports.
4 hour ago - BusinessWeek.com
A new report from Nomura Group predicts a downturn in China’s housing market could drive GDP growth to less than 6 percent this year
4 hour ago - CNNMoney.com
Median income is growing but is still down since the economic recovery began in 2009.
6 hour ago - WSJ.com
UPS said that a data breach at 51 of its UPS Stores may have compromised data on approximately 105,000 customer transactions between January and August.
5 hour ago - CNBC
US prepares a lawsuit against Angelo Mozilo in a final effort to target the figure most associated with the subprime mortgage boom which preceded the financial crisis.
6 hour ago - WSJ.com
Federal Reserve officials debated at their July policy meeting whether they might need to raise interest rates sooner than expected in light of a strengthening recovery, but they were restrained by lingering doubts about whether the economy's g . . .
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