Feds press for CEO accountability in bank bailout cases
SIGTARP chief urges Congress to require annual CEO certifications of due diligence and absence of fraud in large banks. The push follows prosecutions of mid and small bank executives, while top Wall Street leaders remain less exposed to criminal accountability amid rising populist anger.
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Boeing posts 3Q profit up 34 percent on tax benefit
Boeing reports third quarter profit rising 34 percent to 2.28 billion as revenue dips 7.5 percent to 23.90 billion. The company lifts its 2016 earnings and revenue guidance and maintains plans to boost 737 output while considering reduced 777 production. Muilenburg cites a generally positive market and solid demand overseas.
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Wall Street little changed on slow trading day
U S stocks barely edged lower amid mixed results as health care and Apple led declines while banks rose. The Dow gained 30.06 points to 18 199.33 after earlier losses as investors awaited the November election and weighed weak earnings across real estate investment trusts and tech.
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Kaleo to Relaunch Auvi-Q Amid EpiPen Price Scrutiny
Kaleo Inc plans to resume sales of Auvi-Q in the first half of 2017 after a recall for potential dosage errors. CEO Spencer Williamson said the company is finalizing an access program to lower patient out-of-pocket costs as Mylan faces criticism over the price of its EpiPen.
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