Senators urge Medicare to allow seniors a drug plan do-over

Senators urge Medicare to allow seniors a drug plan do-over

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Leading senators are urging Medicare to allow seniors concerned about their drug plan pick for next year to switch if they received inaccurate information because of changes the agency made this sign-up season. The request from 14 Democrats and one Independent comes as open enrollment for prescription drug coverage ends at midnight Saturday. Medicare hinted […]

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UK property investors pull cash at fastest rate this year

UK property investors pull cash at fastest rate this year

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Investors fled UK property funds at the tail-end of the week faster than at any point this year as concerns brew over a repeat of the crisis that engulfed the sector following the EU referendum. Almost £57m was pulled from property funds on Thursday, the worst day all year for real estate fund outflows, according […]

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S&P notches weekly gain as jobs growth blows past forecasts

S&P notches weekly gain as jobs growth blows past forecasts

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A surprisingly strong U.S. jobs report put investors in a buying mood Friday, driving stocks on Wall Street broadly higher and extending the market’s winning streak to a third day. The rally pushed the Dow Jones Industrial Average up by more than 300 points and erased the S&P 500’s losses from earlier in the week, […]

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Ericsson to pay US more than $1bn over foreign bribery

Ericsson to pay US more than $1bn over foreign bribery

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Ericsson has agreed to pay more than $1bn to settle US criminal and civil investigations into foreign corruption involving high-level executives that spanned almost two decades. The Swedish telecommunications group admitted to a long-running scheme to use agents and consultants to bribe government officials in Djibouti, China, Vietnam, Indonesia and Kuwait. The settlement announced on […]

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Aramco IPO: What comes next after the blockbuster market debut?

Aramco IPO: What comes next after the blockbuster market debut?

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Saudi Aramco’s world-beating initial public offering is a watershed moment for a business that’s bankrolled the kingdom and its rulers for decades. The world’s largest public company will now trade in Riyadh and not New York. Less clear is how far it will help overhaul the economy of the world’s biggest oil exporter. First floated […]

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