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coverage Dallas-based Hodges Capital Gabelli Funds Money Top News Wall Street 

Funds target ‘unknown’ stocks as Wall Street cuts analyst jobs

August 7, 2017 By David Randall NEW YORK (Reuters) – With a nearly 30-percent gain in 2017, shares of industrial products maker Handy & Harman Ltd are outpacing hot stocks like Google-parent Alphabet Inc and Visa Inc. Yet few on Wall Street have ever heard of the $412-million market-cap company, in large part because no sell-side research analysts publish any estimates of its earnings. That lack of information is a boon to Paul Sonkin, a portfolio manager at Gabelli Funds, whose firm owns shares of Handy & Harman. Sonkin estimates…

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bank coverage Money National General Top News U.S. 

Wells auto borrowers want bank compelled to help repair credit reports

August 4, 2017 By Lisa Lambert WASHINGTON (Reuters) – Borrowers unwittingly charged for auto insurance when they took out car loans from Wells Fargo & Co asked a U.S. court on Friday to force the bank to help them repair their credit scores. As part of the class action in the U.S. District Court for the Southern District of New York, some of the 800,000 people who were charged unknowingly for unnecessary insurance filed a motion to have National General Insurance Company, Wells and the bank’s dealer services “investigate and…

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Two holdouts prevented Cosby guilty verdict, juror tells ABC

June 22, 2017 (Reuters) – Two holdout jurors prevented comedian Bill Cosby from being found guilty on two of three counts in his sexual assault trial and deliberations were so tense that jurors burst into tears, a jury member told ABC News in a report on Wednesday. Only one juror thought the 79-year-old entertainer was guilty on the third charge, the jury member said in describing the 52 hours of deliberations that ended in a mistrial on Saturday. Cosby is facing a second trial for allegedly drugging and sexually assaulting…

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Cosby deadlock makes task of finding second jury even more difficult

June 19, 2017 By Joseph Ax NEW YORK (Reuters) – Now that Bill Cosby’s first sex assault trial has ended in deadlock, the difficulty of seating an unbiased jury for the famed entertainer’s retrial may have ratcheted higher, thanks to blanket media coverage of the sensational case, legal experts say. Montgomery County Court of Common Pleas Judge Steven O’Neill has kept secret the names of the 12 jurors who spent 52 hours in an unsuccessful effort to decide whether Cosby, now 79, drugged and sexually assaulted Andrea Constand at his…

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Companies use kidnap insurance to guard against ransomware attacks

May 19, 2017 By Suzanne Barlyn and Carolyn Cohn NEW YORK/LONDON (Reuters) – Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world’s political hotspots to recoup losses caused by ransomware viruses such as “WannaCry”, insurers say. Cyber insurance can be expensive to buy and is not widely used outside the United States, with one insurer previously describing the cost as $100,000 for $10 million in data breach insurance. Some companies do not even consider it because they do not think they are targets….

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SFR sues Orange over fiber optics network coverage: Orange

May 15, 2017 PARIS (Reuters) – French telecom operator Orange said on Monday that rival telecom group SFR had filed a lawsuit against it over fiber optic network coverage, confirming a report on the website of financial daily Les Echos. The paper reported that SFR wants a bigger share of the network than had been agreed in 2011, before SFR was taken over by cable operator Numericable in 2014. A spokesman for Orange said he was surprised about the legal action because the agreement between the two operators about their…

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European, Asian companies short on cyber insurance before ransomware attack

May 15, 2017 By Carolyn Cohn and Suzanne Barlyn LONDON/NEW YORK (Reuters) – Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber insurance, insurers say. A massive ransomware worm caused damage across the globe over the weekend, stopping car factories, hospitals, shops and schools, amid fears it could wreck fresh havoc on Monday when employees return to work. Cybersecurity experts said the spread of the virus…

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Column: U.S. states want to give a gentle push on retirement saving

May 11, 2017 By Mark Miller CHICAGO (Reuters) – How to get people to save for retirement? There are two schools of thought: cajole and educate, or give people a little push in the right direction. Pushing has been ascendant over the past decade for a simple reason: it works. Fueled by “behavioral economics” – which focuses on the psychological and emotional factors in people’s economic decision-making – this approach holds people will save if the process is easy and if they are given a gentle nudge. Workplace retirement plans…

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Sears CEO Lampert blames company’s woes on ‘irresponsible’ media

May 10, 2017 By Tracy Rucinski HOFFMAN ESTATES, Ill. (Reuters) – Sears Holdings Corp Chief Executive Officer Edward Lampert blasted the media on Wednesday for “unfairly singling out” the company over the past decade and blamed “irresponsible” coverage for the retailer’s woes. Sears, once the largest U.S. retailer, warned investors in March there was a chance it may not be able to continue as a going concern after years of losses and declining sales. Lampert, a hedge fund investor who is rarely seen in public, kicked off his appearance at…

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Sanders defends Trump’s praise of Australian healthcare system

May 7, 2017 WASHINGTON (Reuters) – U.S. Senator Bernie Sanders said on Saturday that President Donald Trump was right to call Australia’s universal healthcare system better than the U.S. system. Sanders, a self-described democratic socialist who ran for the Democratic presidential nomination last year, also said the Senate should use the Australian system as a model while crafting an alternative to Republican healthcare legislation that Trump endorses. “President Trump is right. The Australian healthcare system provides healthcare to all of its people at a fraction of the cost than we…

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