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  • GE says it may face U.S. action over subprime mortgage operations
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    NEW YORK (Reuters) - General Electric Co faces potential legal action by the U.S. Department of Justice over allegations that its GE Capital unit and now-defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages, according to a regulatory filing on Friday. ... Read more »
  • Stocks rally as Fed eases rate worry, tech climbs
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    NEW YORK (Reuters) - U.S. stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year. ... Read more »
  • With rates low, Fed officials fret over next U.S. recession
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    NEW YORK/LOS ANGELES (Reuters) - Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because interest rates are still low. ... Read more »
  • Billionaire investor Warren Buffett to retire from Kraft Heinz board
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    (Reuters) - Kraft Heinz Co said on Friday billionaire investor Warren Buffett has decided to retire from the company's board following the end of his term in April to reduce travel commitments. ... Read more »
  • U.S. banks set for M&A wave as Trump cuts red tape
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    WASHINGTON (Reuters) - An easing of financial rules will soon unleash pent-up mergers and acquisitions among mid-sized U.S. banks, according to deal bankers, analysts and bank executives. ... Read more »
  • Dropbox files for IPO of up to $500 million
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    (Reuters) - Data-sharing business Dropbox Inc on Friday filed for an initial public offering of up to $500 million with the U.S. Securities and Exchange Commission. ... Read more »
  • Volkswagen settles U.S. diesel owner lawsuit on eve of trial
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    WASHINGTON (Reuters) - Volkswagen AG's U.S. unit on Friday resolved a lawsuit brought by a North Carolina man whose diesel emissions case was set to be the first go to trial on Monday. ... Read more »
  • Exclusive: Nordstrom family group finalizing take-private offer - sources
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    (Reuters) - Nordstrom Inc's founding family group is finalizing plans to submit an offer to take the U.S. department store operator private, people familiar with the matter said on Friday. ... Read more »
  • General Mills moves into pet food with $8 billion Blue Buffalo deal
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    (Reuters) - Cheerios cereal maker General Mills Inc will buy Blue Buffalo Pet Products Inc for nearly $8 billion, foraying into a fast-growing pet food market to counter declining sales of processed foods. ... Read more »
  • Geely chairman builds $9 billion stake in Germany's Daimler
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    BEIJING/FRANKFURT (Reuters) - The chairman of Chinese carmaker Geely [GEELY.UL] has built a 9.69 percent stake in Mercedes-Benz owner Daimler , filings showed on Friday, demonstrating a shift in strategy by Chinese investors seeking access to new technology. ... Read more »