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Citibank settles with payer over credit card interest rates

29th June 2018 15:00 ET Citigroup Inc. C 0.29% will not pay any fine as part of a settlement it has made with the Tax Bureau for Consumer Protection after the bank has failed to re-interest rates for approximately To evaluate and reduce 1.75 million credit card holders, as required by law. Citi said in February that it did not …

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G.M. New tariffs could force US job cuts

General Motors warned Friday that another wave of tariffs being considered by the Trump administration could force the company to cut back on its business and cost American jobs. In comments to the Ministry of Commerce, the automaker said, if approved, the prices of individual vehicles could rise by thousands of dollars and dampen demand. Such costs would have to …

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Nike Banks Wall Street to Gain in Three Weeks

(Reuters) – A surge in Nike's shares and a rally in bank stocks on the Dow Jones Industrial Average and S & P 500 on track for their best day in a little over three weeks. FILE PHOTO: Traders working on the New York Stock Exchange floor (NYSE) in New York, US, June 28, 2018. REUTERS / Brendan McDermid Nike's …

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GM Warns Trump tariffs could shrink the automaker in the US

General Motors Co. warned the Trump administration strongly that it could shrink US operations and cut jobs if tariffs apply to imported vehicles and car parts. "Increased import tariffs could lead to a smaller GM, a reduced presence at home and abroad for this iconic American company, and less risk – no more – US jobs," said the country's largest …

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Medicare spent $ 2 billion on a drug because the manufacturer paid doctors millions

(CNN) – More than 80% of physicians claim Medicare for 2016 for H.P. Acthar Gel, a drug best known for treating a rare infant infarction, received money or other benefits from drug manufacturers, according to a CNN analysis by publicly identified prescribers. The analysis involving physicians claiming more than 10 part D claims that drug manufacturers – Mallinckrodt and Questcor …

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The oil is reaching a new multiyear high as the market slackens supply

The US government wants to prevent Tehran from exporting oil to cut off a vital funding offer, and hopes that other major oil producers in the Organization of Petroleum Exporting Countries and Russia will make up the shortfall. But the world oil The market is already tense, and many analysts and big investors believe that strict enforcement of US sanctions …

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Comcast confirms the nationwide default of Xfinity

Everywhere there is an increase in downtime. Screenshot by Lori Grunin / CNET Updated 14:25 ET: It looks like two of Comcast's fiber optic cables have been cut, and because Comcast delivers the Internet backbone in many places, it's all set. NY | Manhattan * Communication error * | 30 Rockefeller Plaza (Comast) | Comcast is in a state of …

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