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Deutsche Bank AG (DB) found a glitch in computer systems that retroactively scan corporate clients' transactions for suspicious activity. The glitch hampered a program that scans payments involving corporate clients after they pass through the bank so it can flag suspicious patterns to regulators,...

Shares of L Brands Inc. (LB) jumped 12% on extended trading session on Wednesday, after the parent of Victoria's Secret reported a first-quarter profit that trumped Wall Street estimates and raised its guidance for the full year. Columbus, Ohio-based L Brands' first-quarter profit was $40.3 million...

The release of $20 bill featuring Harriet Tubman, an American abolitionist and political activist, has been postponed. The redesign of the $20 bill featuring Tubman will no longer be unveiled in 2020, Treasury Secretary Steven Mnuchin said. The government was planning to unveil the redesigned $20...

Tesla Inc.'s (TSLA) autopilot software is "less competent than a human driver" says a new report from Consumer Reports, which evaluated the viability of the luxury electric car maker's new software update. Tesla recently updated its autopilot software to include Navigate, a program that uses the car's...

British Steel has been ordered into compulsory liquidation as talks for a government bailout has failed. The liquidation has put jobs of about 5,000 employees in danger and threatens another 20,000 jobs in the supply chain. The Government's Official Receiver has taken control of the company as part...

apple-chinaban-052219.jpg An analyst at Goldman Sachs Inc. has warned that Apple Inc.'s earnings could drop by 29 percent if China were to retaliate in the trade war against the U.S. with a ban on sales of Apple products in that country. The iPhone maker's China business accounted for 17.6 percent of its total sales in the recent second quarter.

amazon-052219.jpg Amazon Inc.'s shareholders are set to vote on two proposals related to the company's facial recognition system, Amazon Rekognition, at its annual general meeting in Seattle on Wednesday. Shareholders will first vote on whether the company should prohibit sales of Amazon Rekognition to government agencies. Amazon had attempted to block the votes.

Avon Products, Inc. (AVP) said the company is in advanced discussions with Natura & Co. regarding a possible all-stock deal. Avon said it does not intend to make any additional comments. Earlier on Wednesday, Natura Cosméticos S.A. said the company is in talks with Avon regarding an all-share merger....

Qualcomm Inc. (QCOM) said that it strongly disagreed with the ruling of U.S. District Court in favor of the Federal Trade Commission's suit alleging the mobile chips maker illegally suppressed competition. Qualcomm said it will immediately seek a stay of the district court's judgment and an expedited...

Stein Mart, Inc. (SMRT), an off-price retailer, on Wednesday reported a 45.8 percent decline in profit for the first quarter from last year, reflecting lower sales. Comparable sales for the quarter decreased 1.7 percent. Net income for the first quarter of 2019 decreased to $3.97 million or $0.08...

Mylan N.V. (MYL) and Biocon Ltd. said Wednesday that Health Canada has approved Mylan's Ogivri, or trastuzumab, a biosimilar to Herceptin, for the treatment of HER2-overexpressing breast cancer and metastatic stomach cancer (gastric or gastroesophageal junction adenocarcinoma). Mylan co-developed Ogivri...

Analog Devices Inc. (ADI) reported that its net income for its second quarter of fiscal 2019 declined to $367.94 million or $0.98 per share from $400.33 million or $1.06 per share in the same quarter last year. Adjusted earnings per share was $1.36 down from $1.50 in the previous year. Analysts polled...

Genuine Parts Company (GPC) entered the final phase of its Inenco Group acquisition with the signing of a definitive deal to acquire the remaining 65% stake of Inenco. Headquartered in Sydney, Australia, Inenco Group is a leading industrial distributor of bearings, power transmission and seals. Genuine...

Aurubis AG (AIAGY.PK, AIAGF.PK) has reached an agreement with Metallo Holdings 3 B.V. for the acquisition of Metallo Group. The enterprise value for the deal is 380 million euros. Metallo is a recycling and refining company with sites in Belgium and Spain. It specializes in recovering non-ferrous...

While reporting financial results for the first quarter on Wednesday, Advance Auto Parts Inc. (AAP) maintained its sales and comparable store sales guidance for the full-year 2019. For fiscal 2019, the company continues to project full year net sales in a range of $9.65 billion to $9.80 billion and...

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