The Traderszone Network

Citigroup is one of six major banks that are expected to settle with Britain’s Financial Conduct Authority by mid-November over allegations that the banks manipulated foreign exchange markets. Barclays Plc, another of the six banks, said on Thursday it had set aside 500 million pounds for the third quarter to cover potential fines. While the legal costs have hit profits, weighed on share prices, and consumed management time, they have not forced banks to raise money by issuing shares, and are not expected to.

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Citigroup is one of six major banks that are expected to settle with Britain’s Financial Conduct Authority by mid-November over allegations that the banks manipulated foreign exchange markets. Barclays Plc, another of the six banks, said on Thursday it had set aside 500 million pounds for the third quarter to cover potential fines. While the legal costs have hit profits, weighed on share prices, and consumed management time, they have not forced banks to raise money by issuing shares, and are not expected to.

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Wal-Mart said it was bracing for competition to be as tough or tougher than in 2013, when heavy discounting depressed earnings across the industry. Wal-Mart’s profits dropped in the holiday quarter last year and it has posted six straight quarters of flat or declining same-store sales. “It is starting to heat up right now, and I would expect it to be at least as competitive as last year,” Steve Bratspies, executive vice president of general merchandise for Wal-Mart’s U.S.

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Wal-Mart said it was bracing for competition to be as tough or tougher than in 2013, when heavy discounting depressed earnings across the industry. Wal-Mart’s profits dropped in the holiday quarter last year and it has posted six straight quarters of flat or declining same-store sales. “It is starting to heat up right now, and I would expect it to be at least as competitive as last year,” Steve Bratspies, executive vice president of general merchandise for Wal-Mart’s U.S.

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The U.S.-dominated Americas region contributes the majority of Starbucks revenue. “We grew traffic, but it was at a bit of slower clip,” Troy Alstead, Starbucks’ chief operating officer, told Reuters. Free coffee giveaways and other battles for breakfast customers were not to blame for Starbucks’ traffic deceleration, Chief Executive Officer Howard Schultz said on a call with analysts. “This is not a Starbucks issue.

The U.S.-dominated Americas region contributes the majority of Starbucks revenue. “We grew traffic, but it was at a bit of slower clip,” Troy Alstead, Starbucks’ chief operating officer, told Reuters. Free coffee giveaways and other battles for breakfast customers were not to blame for Starbucks’ traffic deceleration, Chief Executive Officer Howard Schultz said on a call with analysts. “This is not a Starbucks issue.

The company’s hiring business has been thriving as employers find its services more helpful in assessing a candidate’s suitability for a role. Strong growth in the hiring business and rapid expansion in international markets such as China are considered by analysts to be the main growth drivers for the company in the next few quarters. “In third-quarter, about 75 percent of new members came to LinkedIn from outside the U.S., with China providing particular strength,” Chief Executive Jeff Weiner said.

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