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Press Releases

New Apple app launches in Britain that pays people to get fit

FRANKFURT, May 5- A free smartphone app that will pay people to be physically active launches on Wednesday in Britain, with users given digital "sweatcoins" depending on how many steps they take that can be exchanged for rewards or traded like money. Retailers, health insurers and corporate wellness managers are taking notice, according to Oleg Fomenko, one of the...

Source: Reuters

Trump wants to get rid of regulations to help U.S. businesses -CNBC

Republican presidential candidate Donald Trump on Thursday he would scrap a slew of federal regulations that he said are even more of a burden on American business owners than high taxes. "We're lowering taxes very substantially and we're going to be getting rid of a tremendous amount of regulations," Trump said in an interview with CNBC. Trump, the presumptive...

Source: Reuters

Trump: What I would do in first 100 days

Republican Presidential Candidate Donald Trump, talks about what he would do once in office. One of the things that we must do is get rid of regulations, says Trump.


Why suing your bank, credit card issuer may get easier

The CFPB is proposing new rules on forced arbitration, which could be important if you have a beef with your bank or credit card issuer.


Foreign investors in fizzled development at wit's end

MONTPELIER, Vt.— Foreigners who had been banking on their investments in a biomedical research facility and a hotel and rental cottage project in northern Vermont to get green cards are scrambling to find a backup now that the project's developers are accused of misusing hundreds of millions of dollars of investors' money in what investigators called a "...

Source: The Associated Press

Consumer watchdog proposes ban on some arbitration clauses

NEW YORK— If government regulators get their way, it's going to become a lot easier to sue your bank. The Consumer Financial Protection Bureau is announcing a proposal Thursday to ban arbitration clauses, which would affect the entire financial industry and the hundreds of millions of bank accounts, credit cards and mortgages that Americans use.

Source: The Associated Press

Isentia: How Oz elections will impact us

John Croll, managing director and CEO at media intelligence group Isentia, says the firm will be busy proving real-time briefings once elections get underway.


FACTBOX-Canada wildfire disrupts operations in oil sands region

May 4- The wildfire that raged unchecked on Wednesday in the city of Fort McMurray in the heart of the Canadian oil sands region has disrupted oil company operations nearby. While oil sands facilities are not in the fire's path, a number of companies have curbed activities to allow workers and others to get to safety. -Royal Dutch Shell PLC Chief Financial Officer...

Source: Reuters

Paul Ryan is about to spend all his political get ousted

What is Paul Ryan doing? He's about to spend his full cache of political power... to get himself ousted as Speaker, says this consultant.


Druckenmiller: Get out of the stock market, own gold

Here are Stanley Druckenmiller's investment recommendations from the Sohn Investment Conference.