Financial services

May 21, 2018 - 6:51 am
NEW YORK (AP) — Fifth Third Bancorp is buying Chicago's MB Financial for about $4.7 billion, mostly in stock. MB Financial Inc., the parent company of MB Financial Bank, has approximately $20 billion in assets. Greg Carmichael, the chairman and CEO of Fifth Third Bancorp, said Monday in prepared...
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This image taken from cellphone video shows a building after a fatal explosion in Aliso Viejo, Calif., Tuesday, May 15, 2018. The cause of the blast is being investigated. Stephen Beal was charged Thursday, May 17, 2018, with possessing an unregistered destructive device and was awaiting a court appearance in federal court. (Raul Hernandez via AP, File)
May 19, 2018 - 1:08 pm
LOS ANGELES (AP) — A decade before his ex-girlfriend was killed in what investigators say was a targeted explosion, Stephen Beal's wife died in what a coroner deemed a "mysterious case." Christine Beal's death in 2008 came a few weeks after she fell down a flight of stairs in their Long Beach home...
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May 17, 2018 - 8:38 am
TOKYO (AP) — Japanese electronics company Toshiba Corp. says the sale of its computer memory chip business to a consortium led by Bain Capital Private Equity has cleared all anti-trust regulatory approval, including a final one it was awaiting from China. Toshiba said Thursday that means the deal,...
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With members of the National Guard in the foreground, volcanic gases rise from active fissures near Pahoa, Hawaii on Tuesday, May 15, 2018. Most of the nearby Hawaii Volcanoes National Park remains closed to visitors due to ongoing seismic activity and the possibility of an explosion at the summit. (AP Photo/Caleb Jones)
May 16, 2018 - 5:09 am
HONOLULU (AP) — Patricia Deter moved from Oregon to Hawaii to be closer to her two daughters, but the Kilauea volcano burned down her home only a month after she bought it. Now Deter and others who have recently lost homes to the lava-spewing mountain are on an urgent quest for answers about...
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FILE- In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. Richard Clarida, President Donald Trump's nominee for the No. 2 post at the Federal Reserve, pledged on Tuesday, May 15, to support the Fed's twin goals of stabilizing inflation and maximizing employment while also declaring the importance of the central bank’s independence. (AP Photo/Andrew Harnik, File)
May 15, 2018 - 4:30 pm
WASHINGTON (AP) — Richard Clarida, President Donald Trump's nominee for the No. 2 post at the Federal Reserve, pledged support Tuesday for the Fed's twin goals of stabilizing inflation and maximizing employment while also declaring the importance of the central bank's independence. Clarida, an...
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FILE - In this May 10, 2016, file photo, billionaire hedge fund manager David Tepper, addresses a gathering during a grand opening of rock star and philanthropist Jon Bon Jovi's Jon Bon Jovi Soul Foundation Soul Kitchen and B.E.A.T. Center, which stands for Bringing Everyone All Together, in Toms River, N.J. People familiar with the situation say Tepper has agreed to buy the Carolina Panthers from team founder Jerry Richardson for a record $2.2 billion. The people spoke to The Associated Press on Tuesday, May 15, 2018, on condition of anonymity because the team has not yet announced the sale. The purchase is subject to a vote at the NFL owners meeting next week in Atlanta. (AP Photo/Mel Evans, File)
May 15, 2018 - 2:55 pm
CHARLOTTE, N.C. (AP) — The Carolina Panthers are being sold for an NFL-record $2.2 billion. Hedge fund manager David Tepper has agreed to buy the Panthers from team founder Jerry Richardson, two people familiar with the situation said Tuesday. The people spoke to The Associated Press on condition...
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FILE - In this June 23, 2017 file photo, supporters of Iraqi Hezbollah brigades march on a representation of an Israeli flag with a portrait of late Iranian leader Ayatollah Khomeini and Iran's supreme leader Ayatollah Ali Khamenei, in Baghdad, Iraq. There may not be much Iran can do about President Donald Trump’s withdrawal from the nuclear deal, but across the Middle East, the Islamic Republic has a variety of ways it can hit back at the United States and America’s regional allies. Iran sponsors a range of Shiite militias in Iraq and enjoys deep ties to the country’s economy and political system. (AP Photo/Hadi Mizban, File)
May 15, 2018 - 12:08 pm
WASHINGTON (AP) — The United States designated the head of Iran's central bank as a terrorist on Tuesday and barred anyone around the world from doing business with him, escalating financial pressure on Iran in the wake of President Donald Trump's withdrawal from the nuclear deal. Valiollah Seif,...
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FILE - In this Friday, July 8, 2016 file photo, a prescription is filled at a pharmacy in Sacramento, Calif. On Friday, May 11 2018, Trump is scheduled to give his first speech on how his administration will seek to lower drug prices. (AP Photo/Rich Pedroncelli, File)
May 10, 2018 - 8:07 pm
WASHINGTON (AP) — Before taking office, President Donald Trump railed against the pharmaceutical industry and accused it of "getting away with murder." The populist rhetoric appears to be giving way to a more nuanced strategy focused on making the pharmaceutical market more open and competitive,...
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This May 3, 2017 file photo shows bananas for sale at a Whole Foods Market in Upper Saint Clair, Pa. U.S. wholesale prices edged up just 0.1 percent in April 2018 held down by a big drop in food costs. It was the smallest gain in four months. The April increase in the Labor Department’s producer price index, which measures inflation pressures before they reach consumers, followed a 0.3 percent rise in March, the government reported Wednesday, May 9. (AP Photo/Gene J. Puskar)
May 10, 2018 - 11:34 am
WASHINGTON (AP) — American drivers paid more for gas, but overall consumer prices rose only modestly in April, a sign that inflation remains mild. The modest pace of consumer inflation may send a reassuring signal to the Federal Reserve, which is considering how quickly to raise interest rates this...
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A woman walks past the offices of the Anbang Insurance Group in Beijing, Thursday, May 10, 2018. A court in Shanghai sentenced the founder of the Chinese insurance company that owns New York City's Waldorf Hotel to 18 years in prison on Thursday after he pleaded guilty to fraudulently raising billions of dollars from investors, state media reported. (AP Photo/Mark Schiefelbein)
May 10, 2018 - 3:56 am
SHANGHAI (AP) — A court in Shanghai sentenced the founder of the Chinese insurance company that owns New York City's Waldorf Hotel to 18 years in prison on Thursday after he pleaded guilty to fraudulently raising billions of dollars from investors, state media reported. Shanghai's No. 1...
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