Equifax expects fines from US regulators over data breach

Credit reporting company Equifax said it was informed by several US regulators that they intend to seek damages from the company related to the cybersecurity breach of 2017 that exposed personal information of nearly 145 million people. The company has received legal notices from the Federal Trade Commission, Consumer Financial Protection Bureau and the New…
Business | New York Post

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Krugman expects to see a global recession this year, warns ‘we don’t have an effective response’

There is a decent chance the world economy is headed for a recession in 2019, according to Nobel Prize-winning economist Paul Krugman.
Economy

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TUI AG Now Expects FY19 Underlying EBITA Rebased To Be Broadly Stable With FY18

TUI AG (TUIFF.PK) announced the company now expects fiscal year 2019 underlying EBITA rebased at constant currency to be broadly stable compared with the record performance in fiscal 2018 of 1.18 billion euros. Consequently, TUI AG said it is not reiterating guidance of at least 10% CAGR in underlying EBITA at constant currency for the three years to fiscal 2020.
RTT – Earnings

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Tesla Expects FY19 Vehicle Deliveries To Rise Approx. 45% To 65%

Tesla, Inc. (TSLA) announced the company is expecting to deliver 360,000 to 400,000 vehicles in 2019, representing a growth of approximately 45% to 65% compared to 2018. In this range, the company expects positive GAAP net income and to generate positive free cash flow in every quarter beyond first quarter, 2019. The company said these results will be substantially driven by its restructuring action and the ongoing financial discipline. For 2019, Tesla projects full-year Model 3 volumes will grow substantially over 2018 due to a full year of high production rates at its Fremont facility.
RTT – Earnings

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Berlin auctioneer expects British, Russian interest in Hitler watercolours

The pictures – three anemic watercolours showing a mountain scene, a river and a distant figure sat beneath a tree – are little different from wares on sale at flea markets the world over, except for the autograph scratched in the corner: “A.Hitler”.


Reuters: Arts

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U.S. expects China’s top trade negotiator to visit ‘most likely’ this month

U.S. officials expect China’s top trade negotiator may visit Washington this month, signaling that higher-level discussions are likely to follow this week’s talks with mid-level officials in Beijing as the world’s two largest economies try to hammer out a deal to end a tit-for-tat tariff war.


Reuters: Arts

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U.S. expects China’s top trade negotiator to visit ‘most likely’ this month

U.S. officials expect China’s top trade negotiator may visit Washington this month, signaling that higher-level discussions are likely to follow this week’s talks with mid-level officials in Beijing as the world’s two largest economies try to hammer out a deal to end a tit-for-tat tariff war.


Reuters: Business News

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Enbridge Expects 2018 DCF/shr In Upper Half Of Guidance; Raises 2019 Dividend

Enbridge Inc. (ENB.TO, ENB) announced the company continues to expect 2018 DCF per share in the upper half of its guidance range of $ 4.15 to $ 4.45 per share. The 2019 and 2020 mid-point of the projected range of DCF is unchanged from last year at $ 4.45 per share and $ 5.00 per share, respectively. Beyond 2020, Enbridge is targeting to achieve annual DCF per share growth in the range of 5%-7%.
RTT – Earnings

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Hartford Expects Q4 Net Catastrophe Impacts Of Up To $365 Mln, Before Tax

Hartford Financial Services Group Inc. (HIG) said Wednesday that it currently expects fourth-quarter 2018 current accident year net catastrophe impacts of $ 350 million to $ 365 million, before tax, including the Camp and Woolsey fires in California and Hurricane Michael.
RTT – Earnings

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