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‘Wonder Woman’ gets movie spotlight, with high expectations

May 31, 2017 By Piya Sinha-Roy LOS ANGELES (Reuters) – More than 70 years after she first burst upon the scene in her red bustier and blue shorts, Wonder Woman is finally getting her turn in the movie spotlight, and expectations could hardly be higher. “Wonder Woman,” with the title role played by former Israeli army soldier Gal Gadot and out in movie theaters worldwide this week, is the first female superhero film since 2005’s box office dud “Elektra,” and the first to be directed by a woman. “I feel…

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Exxon shareholders approve climate impact report in win for activists

May 31, 2017 By Gary McWilliams DALLAS (Reuters) – Exxon Mobil Corp’s chief executive said on Wednesday the company would reconsider how it communicates the risks its faces from climate change after shareholders approved a measure calling for increased transparency. The non-binding proposal passed with 62 percent of ballots cast in a rare defeat for Exxon’s management, which had recommended a vote against the measure. The company argued that it already provides sufficient information on the potential impact of changing technologies and energy demand on its asset portfolio. The results…

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Q&A: Cyclical stocks set to boost Wall Street rally: Richard Bernstein

May 31, 2017 By Michael Connor NEW YORK (Reuters) – Wall Street’s rally is not nearly done, with cyclical stocks set to ride higher even as hopes dim that America’s government can deliver business-friendly economic reforms, U.S. money manager Richard Bernstein said on Wednesday. CEO of RBAdvisors, and a former chief investment strategist at Merrill Lynch, Bernstein focuses on company profits at the sector level and said in the Reuters Global Markets Forum he sees no signs a rally that began last year in U.S. stocks is sputtering. Investors now…

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New York City suspends municipal business with Wells Fargo

May 31, 2017 By Dan Freed NEW YORK (Reuters) – New York City voted on Wednesday to suspend Wells Fargo from its municipal debt issuance operations, citing a rating tied to doing business in low and moderate-income communities as having fallen below a “satisfactory” level. The commission also cited last year’s scandal, in which the bank was caught creating bogus customer accounts to boost performance measures. The New York City Banking Commission, in a unanimous 3-0 vote, decided it will give no new bond underwriting mandates or renew existing contracts…

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Fitch Ratings downgrades MetLife’s Brighthouse Financial unit

May 31, 2017 By Suzanne Barlyn (Reuters) – Fitch Ratings Inc downgraded MetLife Inc’s Brighthouse Financial Inc unit on Wednesday, citing the unit’s lowering of its capitalization and financial targets from last year. Fitch, which downgraded Brighthouse Life Insurance Company one notch, from an A+ to an A, said its ratings outlook remains stable. A MetLife spokesman directed Reuters to a Brighthouse Financial spokeswoman, who declined to comment. Brighthouse Financial Inc is a holding company and the consumer life insurance and annuity unit created by MetLife Inc. MetLife announced last…

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U.S. Commerce chief says hopes to finish NAFTA talks by early January

May 31, 2017 By David Lawder WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said the best window to complete the renegotiation of the North American Free Trade Agreement (NAFTA) is by early January, well before Mexico’s general elections and U.S. congressional elections in 2018. Speaking at an event held at the Bipartisan Policy Center, a Washington think tank, Ross said also said that the Commerce Department would impose anti-dumping and anti-subsidy duties on Mexican sugar and Canadian softwood lumber if negotiated settlements in those trade disputes could not be…

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Mexico’s Hotel California owners reject the Eagles’ trademark claims

May 31, 2017 By Jonathan Stempel (Reuters) – The owners of a Mexican hotel using the name Hotel California on Wednesday said a trademark infringement lawsuit by the Eagles, whose song “Hotel California” is arguably the band’s most famous, should be dismissed. Hotel California Baja LLC, which runs the Todos Santos hotel in Baja California Sur, said the band long ago waived its trademark rights, having waited four decades to assert them since releasing the song “Hotel California” on a 1976 album with the same name. The owner said it…

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