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AIG or American International Group signage on its building.

SEC slaps fine on AIG units over higher charges

US Securities and Exchange Commission (SEC) has slapped penalties on AIG's three affiliates for steering customers to high-fee products. AIG is also offloading its brokerage unit owing to stringent norms. AIG has agreed to pay $9.5 million for settling the regulator's claims.

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US-ENTERTAINMENT-CASINOS-ATLANTIC CITY

New Jersey Will Vote to Decide Casino Expansion in Northern Part of the State

Voters will decide whether to approve the expansion of casino in New Jersey beyond Atlantic City. A referendum will be held in November as state's legislature approved the ballot plan on Monday.

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Controversial Former Pharmaceutical CEO Martin Shkreli Testifies On Oversight In Drug Market

US FDA to check Martin Shkreli's type of strategies to spiraling up drug prices

With an objective of not giving any such scope for price escalation as Martin Shkreli did for Daraprim generic drug, US Food and Drug Administration (US FDA) has turned very cautious on approvals to generic drugs. US FDA is now reviewing new applications for generic drugs, while ensuring no such lapses of price escalation.

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US Dollars

US dollar may gain 10% further in 2016

The US dollar recorded a multi-year bull run and has still enough steam to gain 10 percent further this year. All eyes are on the two-day policy meeting of US Federal Reserve beginning from Tuesday as it will set the tone for US currency.

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General Electric Co. Chairman And Chief Executive Officer Jeffrey Immelt Speaks In New Delhi

GE Acknowledges CEO’s Achievements Last Year, But His Total Compensation Reduces 11.5%

GE acknowledges 2015 as one of the most successful business years in its history while recognizing CEO’s leadership contribution. Jeffrey Immelt, chairman and CEO of GE, has received $33 million compensation in total for 2015 which is 11.5% lower than the previous year. The compensation package has been disclosed through a regulatory filing with U.S. Securities and Exchange Commission.

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Residential Solar Panel Installation Ahead Of SolarCity Corp. Earnings Figures

Despite Plunging Shares, SolarCity Corp Raised Money in Bond Market

Solar panel provider SolarCity has sold $235 million in asset-backed securities (ABS) market this year. The number is a record high despite a steep drop of the company's shares in stock market.

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CNBC Events - Season 2015

Under Armour CEO Gives Advice to Silicon Valley Startups to Start Making Money

Founder and CEO of Under Armour Kevin Plank shared his success in building Under Armour into billion dollar company in SXSW annual event on Tuesday. His recipe is simple: make profit.

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Avon Products Inc. Chief Executive Officer Sherilyn McCoy Interview

Avon plans to shift headquarters, cut jobs

New York-based Avon Products Inc is shifting its headquarters to the UK. It's also in the process of reducing headcount by about 2,500 and investing in technology and innovation to enhance sales volume.

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Trading On The Floor Of The NYSE As U.S. Stocks Join Global Rally While Investors Embrace ECB Measures

Global stocks soar on rising investor confidence

Global stocks rose further as increased investor confidence propelled buying support. Investor confidence has been strengthened after the announcement of European Central Bank's stimulus plans and encouraging US economic data.

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Valeant Pharmaceuticals Headquarters As Investors Rise To Its Defense

Valeant Pharma investing in R&D; All eyes on Q4 results

Drug maker Valeant Pharmaceuticals International Inc is facing a variety of problems. Valeant has changed its aggressive investment strategy and turned keen on research and development. Valeant is also facing Federal investigation over its pricing strategies.

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Stocks Rally Over 200 Points

US Presidential elections, China economy setting tone for markets

Global markets have been moving in tandem with state of Chinese economy and US Presidential elections these days. After rebounding in the previous month, the global markets are waiting for next level triggers from US elections and stimulus plans on China's economy.

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UA Roadshow Featuring Stephen Curry

Under Armour Beat Nike in Top Athletes Endorsement

Sports apparel Under Armour have surpassed Nike in athlete's endorsement. Many top athletes from NBA, NFL, tennis pro, professional golfers and others are now under contract with Under Armour.

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Intel Reports Quarterly Earnings

Intel mulls over selling $1-bln assets of venture capital unit

Intel Corp, one of the major manufacturer of computer components in the world, is planning to sell a part of its venture capital (VC) unit Intel Capital. The value of the part of assets to be offered for sale is estimated to be $1billion worth. UBS Group AG has been appointed to find out potential buyers for the sale of a part in venture capital unit.

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Blackstone Group Chief Executive Officer Stephen Schwarzman Speaks To Economic Club Of Washington

Chinese Insurer Anbang To Acquire Strategic Hotels & Resorts For $6.5 Billion From Blackstone Group LP

China has been acquiring foreign assets desperately ahead of turbulent economic situations. It has acquired assets for around $84 billion during this year compared to last year’s $108 billion. Anbang has reached an agreement acquiring Strategic Hotels & Resorts for $6.5 billion from Blackstone Group LP which is the latest bout of China’s acquisition spree.

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No Bust Seen As Dakota Oil Firms Keep Staff Amid Price Drop

US oil, natural gas drilling dropped lowest since 1940

The US drilling activity for oil and natural gas declined to record low since 1940 in the wake of weaker oil prices in the global markets. Oil firms are also reducing their spending budgets this year owing to adverse conditions in the markets

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