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OPEC reaches first deal to cut oil output since 2008 - sources

ALGIERS OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

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Apple deepens enterprise push with Deloitte partnership

Apple Inc and Deloitte LLP announced a partnership on Wednesday in which the consultant will open a new practice to help corporate clients work with Apple products, the tech firm's latest attempt to boost enterprise sales as its key product, the iPhone, shows signs of maturation.

2:11pm EDT

IMF chief sees lower U.S. growth, calls trade barriers 'malpractice'

CHICAGO International Monetary Fund Managing Director Christine Lagarde said on Wednesday the institution would lower its 2016 U.S. growth forecast again and called policies that restrict trade “economic malpractice” that would choke off growth.

10:32am EDT

Exclusive: Redstone's NAI to call on CBS, Viacom to explore merger -sources

Sumner Redstone's National Amusements Inc (NAI) is preparing to call on CBS Corp and Viacom Inc to explore a merger, two people familiar with the matter said on Wednesday.

2:06pm EDT

Wells Fargo scandal reignites debate about big bank culture

In the aftermath of the 2008 financial crisis, the banking industry sought to address an ethics crisis with surveys, town hall meetings, appointments of overseers and mechanisms for employees to report malfeasance. | Video

1:14pm EDT

U.S. to expand rules for 'too-big-to-fail' clearing houses

NEW YORK The U.S. Securities and Exchange Commission on Wednesday said it would adopt rules to strengthen the regulatory framework for clearing agencies deemed systematically important or that are involved in complex transactions, such as security-based swaps.

12:16pm EDT


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