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Lockheed CEO tells Trump she will work to drive down cost of F-35

(Reuters) – The chief executive of Lockheed Martin Corp told President-elect Donald Trump on Friday that she was committed to driving down the cost of the company's F-35 fighter jet, a day after Trump took aim at the cost of the F-35 in a Twitter post…

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Lockheed CEO tells Trump she will work to drive down cost of F-35

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U.S. Justice Dept. orders whistleblower to testify in Wells Fargo probe

U.S. prosecutors in San Francisco have asked Wells Fargo banker Yesenia Guitron, who lost a private lawsuit against the fourth-largest lender, to testify before a grand jury in San Francisco on Tuesday, according to a subpoena dated Dec. 12, which was seen by Reuters. A Wells Fargo spokesman declined to comment.

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U.S. Justice Dept. orders whistleblower to testify in Wells Fargo probe

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Chinese firms face competition to maintain role in developing Iranian oilfields

Iran plans to ask international oil companies to bid for the second phase of development of its Yadavaran and North Azadegan oilfields, a senior official said on Saturday. “CNPC would like to extend its North Azadegan contract, but we have announced that …they should take part in the bidding for a new contract,” Gholamreza Manouchehri, deputy head of the National Iranian Oil Company (NIOC), was quoted

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Chinese firms face competition to maintain role in developing Iranian oilfields

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Platinum Partners arrests are scant consolation for alleged victims

By Lawrence Delevingne NEW YORK (Reuters) – When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York-based firm …

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Platinum Partners arrests are scant consolation for alleged victims

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Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.

By Karen Freifeld, Arno Schuetze and Kathrin Jones NEW YORK/FRANKFURT (Reuters) – Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities…

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Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.

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Goldman Sachs to settle U.S. rate-rigging lawsuit for $56.5 million

NEW YORK (Reuters) – Goldman Sachs Group Inc has agreed to pay $56.5 million to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market.

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Goldman Sachs to settle U.S. rate-rigging lawsuit for $56.5 million

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Wife of billionaire Pimco co-founder Bill Gross files for divorce

NEW YORK (Reuters) – The wife of Pacific Investment Management Co co-founder Bill Gross is seeking a divorce after 31 years of marriage.

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Wife of billionaire Pimco co-founder Bill Gross files for divorce

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Saudi Arabia tells oil buyers of cuts after OPEC deal, PIRA says

NEW YORK (Reuters) – Saudi Arabia is informing its customers of cuts to their January crude oil supplies to comply with the latest OPEC agreement, according to a PIRA note late on Thursday. The note adds that cuts will be to varying degrees, but is likely to

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Saudi Arabia tells oil buyers of cuts after OPEC deal, PIRA says

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OPEC, U.S. begin ‘cat and mouse’ oil game as producers pounce on hedges

LONDON/NEW YORK (Reuters) – As far as one of the world’s biggest commodities traders, Glencore’s chief Ivan Glasenberg, is concerned, the oil market will be at the mercy of “a cat and mouse game” between OPEC and its U.S. shale rivals in the coming year. A 16 percent price rally over the past week has delivered U.S. frackers a golden opportunity to hedge – or sell forward – their production for 2017 and beyond, to shore up their coffers against …

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OPEC, U.S. begin ‘cat and mouse’ oil game as producers pounce on hedges

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U.S. mortgage rates rise to highest levels in over two years: MBA

NEW YORK (Reuters) – Interest rates on U.S. fixed-rate mortgages rose to their highest levels in more than two years, sending weekly home loan application activity to its weakest since early January, Mortgage Bankers Association data released on Wednesday showed.

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U.S. mortgage rates rise to highest levels in over two years: MBA

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