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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

CNN Money

GE warns restated results will shrink 2016 and 2017 profits

Sun, Feb 25, 2018

GE plans to restate the last two years of results, the struggling conglomerate said in a filing on Friday night....

Why 3% is the scariest number for stocks

Sun, Feb 25, 2018

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Why 3% is the scariest number for stocks

Sun, Feb 25, 2018

Read full story for latest details....

China seizes control of deal-hungry insurer Anbang

Fri, Feb 23, 2018

Chinese authorities say they are prosecuting the chairman of the Chinese insurance firm that owns New York's Waldorf Astoria, accusing him of "economic crimes."...

Why companies are abandoning the NRA

Sun, Feb 25, 2018

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Why companies are abandoning the NRA

Sun, Feb 25, 2018

Read full story for latest details....

A cloud hangs over the gun industry

Fri, Feb 23, 2018

The ongoing negative rhetoric over guns and mass shootings drags down gun stocks including American Outdoor Brands, Vista Outdoor and, for the week, Sturm Ruger....

China's big conglomerates are no longer buying up the world

Fri, Feb 23, 2018

Some of China's biggest companies are now much more focused on selling international assets rather than buying them....

3M and H&M probe claim they used Chinese prison labor

Thu, Feb 22, 2018

Three big companies are investigating allegations that prisoners in China made packaging bearing their brand names....

A decade at RBS: $81 billion lost; $1 billion made

Fri, Feb 23, 2018

Royal Bank of Scotland is making money again after nine years and $81 billion in losses, but investors are worried about a looming US fine for selling toxic mortgages....