Monthly Archives: March 2017

Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO

NEW YORK (Reuters) - U.S. mortgage finance giants Fannie Mae and Freddie Mac may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at B...

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BlackRock’s active gambit ups pressure on rivals

NEW YORK/BOSTON (Reuters) - BlackRock Inc's decision to revamp part of its stock-picking business puts further pressure on active U.S. equity managers to cut fees, change products and merge to stem a relentless, 12-year decline in assets.

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Snapchat adds more accessible search feature

(Reuters) - Snap Inc said on Friday its Snapchat messaging app would add an option for users to search through photos and videos that users have posted to the public.

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