In a quiet courtroom in Melbourne, a decade of scandalous behavior at Australia's biggest banks is being forensically laid bare. From lying to regulators, falsifying documents and taking bribes to extracting fees from customers long since dead, the revelations at the quaintly-named Royal Commission into
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BERLIN, April 26 (Reuters) – Volkswagen on Thursday posted a surprise drop in first-quarter operating profit as accounting changes, currency headwinds and technology costs weighed on group results. Group earnings before interest and taxes declined 3.6 percent to 4.21 billion euros ($5.13 billion),
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On Tuesday morning (4/24 at 10:44 AM EDT), Bloomberg announced that the morning's excellent earnings reports and price jumps by Caterpillar and United Technologies were the bullish signs investors were waiting for. Up to this point, excellent earnings reports were often accompanied by lackluster
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Facebook Inc. shares rose Wednesday after the social network reported a surprisingly strong 63 percent rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of personal data.
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Ford Motor Co. is sharpening its cost-cutting knives and cleaving another $11.5 billion from spending in the coming years to reach an elusive profit margin target ahead of schedule.
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