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Daily Archives: October 18, 2017

Kenneth Chenault to step down as AmEx CEO after nearly 17 years

(Reuters) – American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17-year tenure at the helm of the No. 1 U.S. card issuer by spending. Chenault, 66, will be succeeded by Vice Chairman Stephen Squeri, 58, effective Feb. 1, the company said on Wednesday. Squeri, a 32-year company veteran, ...

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UK banks exposed to money laundering in South Africa

UK banks may have been used to launder money stolen from South Africa, a former cabinet minister has alleged in a letter to Chancellor Philip Hammond. Lord Peter Hain said a South African whistle-blower had indicated the banks “maybe inadvertently have been conduits for the corrupt proceeds of money”. The Labour peer is due to raise the issue in the ...

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Top 5: Things to know about Slack

Collaboration tools for your teams are the new hot thing, and Slack is the one that led the way. So what do you make of this overpowered chat room? A lot. Here are five tips for getting the most out of Slack: 1. Add integrations Don’t be afraid to say yes when the friendly slackbot asks if you want to ...

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EBay's profit forecast disappoints, shares fall

(Reuters) – EBay Inc warned Wall Street on Wednesday that profit this quarter could fall below analysts’ estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade. The online marketplace is making a big push to catch up to Inc with three-day guaranteed delivery and ...

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Samsung's revamped Bixby takes on Amazon Alexa

Thu, Oct 19, 2017 – 6:50 AM [SAN FRANCISCO] Samsung on Wednesday announced it is upgrading its Bixby digital assistant and making it available for a range of connected devices, setting up a clash with Amazon’s Alexa and others competing for leadership in artificial intelligence. The South Korean electronics giant, which is the world’s biggest smartphone maker, launched Bixby last ...

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SIFMA voices concern about secondary market impact of rapid VA loan refinancing

Investors are concerned with the secondary market impact of mortgage lenders aggressively targeting servicemembers and military veterans for quick and potentially risky refinances of their mortgages, according to SIFMA, a prominent secondary market trade group. SIFMA voiced its concerns in a letter sent Wednesday to Ginnie Mae, which recently launched an <a href="… Investments

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