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U.S. bankers hold onto hopes that Trump will boost profits

NEW YORK Top U.S. bankers are still hoping the President Trump's administration will make policy changes to boost profits, but made clear in public comments in recent days that they are not seeing any signs of progress so far.

Recent Business News

Dow set to crack 23,000-mark at open for the first time

The Dow Jones Industrial Average was poised to open above 23,000 for the first time on Wednesday following a series of upbeat earnings reports from marquee companies.

8:59am EDT

Europe's aviation agency advises against using Kobe Steel products

PARIS/TOKYO Europe's aviation regulator has advised aircraft manufacturers to stop using parts supplied by Kobe Steel until their safety can be verified, following product data manipulation by the Japanese company.

McDonald's South Korea office raided in burger probe: reports

SEOUL South Korean investigators raided the Seoul office of McDonald's Corp on Wednesday, following a series of complaints that children fell ill after eating hamburger patties alleged to have been undercooked, Yonhap News Agency and other media said.

Health, South Korea 2:40am EDT

U.S. SEC charges Rio Tinto, former top executives with fraud

SYDNEY/NEW YORK The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars. | Video

8:33am EDT

Billionaire Branson targeted in $5 million scam 'straight out of le Carre'

LONDON Richard Branson, billionaire founder of the Virgin group, has revealed he was targeted by a fraudster posing as Britain's defense minister who tried to get him to contribute $5 million to a supposed secret ransom payment.

7:53am EDT

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