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A railroad’s earnings win isn’t an all-clear

CSX Corp.’s results were better than many feared they would be, but they came at the expense of several hundred jobs. The railroad said third-quarter revenue declined 5% as the uncertainty wrought by the trade war and a slump in coal shipments weighed on cargo volumes. Even so, CSX’s earnings per share for the period beat analysts’ estimates and its ...

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Bank of America’s future is digital, and it’s now

Bank of America Corp. likes to brag about its online and mobile banking capabilities. Just as it did at this time last year, the bank last week trumpeted its “leadership in high-tech” in its third-quarter earnings news release and boasted that it’s “No. 1 in mobile banking, online banking and digital sales functionality,” citing accolades from J.D. Power, Javelin and ...

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Adnoc, Russia’s REA ink pact across oil, gas value chain

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), signed on Wednesday a comprehensive strategic framework agreement with the Federal State Budgetary Organisation “Russian Energy Agency” by the Ministry of Energy of the Russian Federation (REA), to explore new opportunities for collaboration across the oil and gas value chain. The agreement highlights the strength of the UAE-Russia bilateral ...

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