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Wall Street gains on Walmart and Cisco earnings, trade optimism

Reuters News - August 16, 2018 - 12:27pm
U.S. stock indexes rose about 1 percent on Thursday, helped by upbeat earnings from Walmart and Cisco and easing trade worries after the United States and China said they would hold talks later this month.
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Genoa, Sampdoria games called off in wake of bridge collapse

Reuters News - August 16, 2018 - 12:19pm
The Serie A matches involving Genoa and Sampdoria on Sunday have been postponed at the request of the two clubs in the wake of Tuesday's motorway bridge collapse in their city which killed at least 38 people.
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US Asians hire out cinemas to screen Crazy Rich Asians

BBC News - August 16, 2018 - 12:15pm
Industry leaders paid for screenings to highlight the need for Asian representation in Hollywood.
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Trump administration seeks cuts in production of abused opioids

Reuters News - August 16, 2018 - 12:15pm
The Trump administration on Thursday said it was proposing that U.S. pharmaceutical companies cut production of the six most abused opioids by 10 percent next year, in an effort to reduce the number of drugs potentially diverted for trafficking.
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U.S. bishops urge Vatican, lay investigation into ex-cardinal abuses

Reuters News - August 16, 2018 - 12:09pm
The organization representing U.S. Roman Catholic bishops on Thursday called for a Vatican-led probe backed by lay investigators into allegations of sexual abuse by former Washington Cardinal Theodore McCarrick, who resigned last month.
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U.S. homebuilding slowing; labor market strong

Reuters News - August 16, 2018 - 12:07pm
U.S. homebuilding rebounded less than expected from a nine-month low in July, suggesting the housing market was likely to tread water for the rest of this year against the backdrop of rising construction costs and labor shortages.
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Citi settles SEC charges over bad controls, supervision

Reuters News - August 16, 2018 - 12:00pm
Citigroup agreed to pay $10.5 million to settle two separate complaints, one relating to bad loans made by its Mexican subsidiary, Banamex, between 2008 and 2014, U.S. regulators said on Thursday.
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'Queen of Soul' Aretha Franklin, 76, dies at home in Detroit

Reuters News - August 16, 2018 - 11:54am
Aretha Franklin, the preacher's daughter whose powerful voice made her the long-reigning "Queen of Soul" with such hit songs as "Respect" and "Chain of Fools," died on Thursday at the age of 76, officials said.
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Newspapers across U.S. rebuke Trump for attacks on press

Reuters News - August 16, 2018 - 11:54am
Hundreds of U.S. newspapers on Thursday launched a coordinated defense of press freedom and a rebuke of President Donald Trump for denouncing some media organizations as enemies of the American people.
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Factbox: Twitter becomes a Freeway of Love for singer Aretha Franklin

Reuters News - August 16, 2018 - 11:54am
Grammy winner Aretha Franklin earned her title "the Queen of Soul" with a voice could be both powerful and plaintive. Her music became part of the American soundtrack beginning in the 1960s through to her death on Thursday.
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U.S. bishops call for Vatican, lay abuse probe into ex-cardinal

Reuters News - August 16, 2018 - 11:50am
The organization representing U.S. Roman Catholic bishops on Thursday called for a Vatican-led probe backed by lay investigators into allegations of sexual abuse by former Washington Cardinal Theodore McCarrick, who resigned last month.
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Turkey will emerge stronger from lira crisis despite U.S. row: minister

Reuters News - August 16, 2018 - 11:46am
Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting the country's banks were healthy and signaling it could ride out a row with the United States.
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Citigroup settles U.S. charges of bad controls that led it to lose millions: SEC

Reuters News - August 16, 2018 - 11:39am
Citigroup has agreed to pay $10.5 million to settle charges related to bad loans made by its Mexican subsidiary, Banamex, between 2008 and 2014, and to trader mismarking and unauthorized proprietary trading by Citigroup Global Markets Inc. from 2013 to 2016, the Securities and Exchange Commission said on Thursday.
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Walmart and Cisco results, trade optimism lift Wall Street

Reuters News - August 16, 2018 - 11:31am
U.S. stocks rose in a broad-based rally on Thursday, helped by robust earnings from Walmart and Cisco and easing trade worries after China and the United States said they would hold talks later this month.
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Chinese hackers targeted U.S. firms, govt after trade mission: researchers

Reuters News - August 16, 2018 - 11:00am
Hackers operating from an elite Chinese university probed American companies and government departments for espionage opportunities following a U.S. trade delegation visit to China earlier this year, security researchers told Reuters.
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Swiss brothers get ready to refloat the bubble car

Reuters News - August 16, 2018 - 10:54am
With its quirky egg shape and minimalist interior, the bubble car was a symbol of cheap and cheerful mobility on European roads in the 1950s and 60s.
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Jury begins deliberations in trial of ex-Trump aide Manafort

Reuters News - August 16, 2018 - 10:52am
A jury in Virginia on Thursday began deliberations in the trial of Paul Manafort, President Donald Trump's former campaign chairman who is facing bank and tax fraud charges that could put him behind bars for years.
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Turkey's Albayrak tells investors the country will emerge stronger

Reuters News - August 16, 2018 - 10:50am
Turkish Finance Minister Berat Albayrak hosted a conference call with global investors on Thursday in a bid to reassure them that policymakers are able to tackle the worst currency crisis the country has suffered since 2001.
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Walmart's second quarter sales rise most in decade, shares soar

Reuters News - August 16, 2018 - 10:49am
Walmart Inc reported quarterly earnings and sales that topped estimates on Thursday, driven by strong grocery sales and a revamped website that boosted online purchases, and the company's shares soared over 10 percent in early trade.
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Wall St. gains on upbeat earnings, trade talk optimism

Reuters News - August 16, 2018 - 10:48am
U.S. stock indexes rose on Thursday, helped by a string of robust earnings reports, a dip in the dollar and after China said it will hold talks with the United States later this month.
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