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Friday, August 18, 2017
Platinum founder's lawyers ordered not to contact U.S. government witnesses
NEW YORK (Reuters) - A U.S. judge on Friday ordered lawyers defending Platinum Partners founder Mark Nordlicht in a $1 billion fraud case not to communicate with U.S. government witnesses or their lawyers, after prosecutors claimed Nordlicht's lawyers tried to intimidate a key witness.
Wall Street ends down after White House shakeup
NEW YORK (Reuters) - U.S. stocks closed lower after another volatile session on Friday as the latest White House shake-up kept investors jittery about the outlook for the Trump agenda.
NAFTA negotiators hone in on origin rules, dispute settlement
WASHINGTON (Reuters) - U.S., Canadian and Mexican negotiators on Friday began digging into some of the thorniest issues in modernizing the North American Free Trade Agreement, including rules of origin for goods produced in the region, services trade and a controversial dispute settlement system.
'Impossible' to have country-specific origin rules in NAFTA: Mexico
MEXICO CITY (Reuters) - Mexican Economy Minister Ildefonso Guajardo on Friday said it was "impossible" that country-specific rules of origin could be included in the North American Free Trade Agreement, currently being renegotiated in Washington.
Elliott Management lawyer says utility may top Buffett's Oncor bid
(Reuters) - A lawyer for Elliott Management told a U.S. bankruptcy judge on Friday that an unidentified utility could pay $9.3 billion to buy Texas power transmission company Oncor, topping a $9 billion bid by Warren Buffett's Berkshire Hathaway Inc.
Exclusive: Citigroup tops eight-bank group for Petrobras unit IPO - source
SAO PAULO (Reuters) - Citigroup Inc and seven other banks will underwrite the initial public offering of Petróleo Brasileiro SA's fuel distribution unit, which will likely occur in November, a person with direct knowledge of the plan said on Thursday.
Summer rumblings could herald a stormy fall for U.S. stocks
NEW YORK (Reuters) - The Trump-fed rally in stocks, lately showing signs of faltering as the long Wall Street summer nears its end, faces a key test in the weeks ahead with the approach of a historically unkind season for equities and a clutch of issues - such as raising the debt ceiling - awaiting the return of lawmakers to Washington.
N.Y. Fed raises U.S. third-quarter GDP growth view above two percent
NEW YORK (Reuters) - The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the third quarter above 2 percent based on this week's data on retail sales, industrial output and regional manufacturing.
Ackman's Pershing Square says ADP needs to streamline, modernize
BOSTON/NEW YORK (Reuters) - Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc's stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades.
Wells Fargo troubles shift from phony bank accounts to real ones
(Reuters) - After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo & Co has said it is now grappling with the possibility it harmed customers by closing real accounts they needed, leaving them without access to funds.
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