Goldman slashes legal cost estimate

Goldman Sachs Group Inc () cut the upper end of its estimate of legal costs it may face beyond what it has set aside by more than half to $2 billion. The bank had estimated in November legal expenses of up to $5.3 billion above what it had already set …

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Republican Marco Rubio winning Wall Street fundraising race

Republican Marco Rubio’s presidential run has drawn more money from Wall Street donors than any other candidate, according to a Reuters review of campaign finance disclosures, shoring up his position as his party’s establishment alternative to front-runner Donald Trump. The U.S. senator from Florida has received more than $4 million …

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Allergan reports higher-than-expected fourth-quarter revenue

Allergan Plc (), which is being bought by Pfizer Inc (), reported better-than-expected revenue, helped by strong performance in its U.S. brands segment, which sells products like Botox and Restasis eye drops. Allergan said revenue from its U.S. brands rose 38 percent to about $2.5 billion in the quarter ended …

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Global stocks gain broadly, pound falls on EU exit fears

Shares rose in Europe and Asia on Monday, boosted by higher oil and commodity prices, while sterling fell sharply against the dollar and euro on concerns Britain may vote to leave the European Union. U.S. stock index futures ESc1 1YMc1 SPc1 signaled Wall Street would open about 1.1 percent higher. …

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Stocks futures sharply higher as oil extends gains

U.S. stock index futures were sharply higher on Monday, in lock-step with oil prices, as investors look for signs of stability after a turbulent start to the year. <p style=* Crude prices were up more than 3 percent after data showed a fall in U.S. rig counts and the International …

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Lumber Liquidators set to slump after revised cancer-risk report

Lumber Liquidators Holdings Inc’s () shares were set to tumble on Monday after a revised U.S. federal agency report showed people exposed to some types of the company’s laminate flooring were three times more likely to get cancer than previously estimated. <p style=The Centers for Disease Control and Prevention (CDC) …

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EU halts Halliburton, Baker Hughes deal review, awaits details

) proposed takeover of Baker Hughes () because the companies failed to provide some details of the $35 billion deal. The European Commission took the decision last Thursday, according to a filing on its website. “This is a standard procedure on merger investigations which is activated if the notifying parties …

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Samsung, LG unveil new devices in bid for smartphone recovery

Samsung Electronics Co Ltd () and LG Electronics Inc () unveiled their latest smartphones at the Mobile World Congress industry show in Barcelona on Sunday, seeking to buck the slowdown in industry growth. Phone makers face another tough year in 2016 as subdued global growth and persisting currency weakness in …

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