Posts Tagged Financial services

Sanctions will damage Russia if not lifted quickly

Russian President Vladimir Putin, background center, heads the Cabinet meeting in the Novo-Ogaryovo residence, outside Moscow, Russia, Wednesday, July 30, 2014. The meeting focused on measures to encourage Russian companies to pull their assets back from offshore. The United States and the European Union on Tuesday announced a raft of new sanctions against Russian companies and banks over Moscow’s support for separatists in Ukraine. (AP Photo/RIA Novosti, Alexei Nikolsky, Presidential Press Service)

MOSCOW (AP) — U.S. and European sanctions against Russia’s energy and finance sectors are strong enough to cause deep, long-lasting damage within months unless Moscow persuades the West to repeal them by withdrawing support for Ukrainian insurgents.

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The man responsible for Hilton’s grand turnaround

In this May 29, 2014 photo, Hilton CEO Chris Nassetta poses for a portrait in the Hilton Tysons Corner Hotel in McLean, Va. When Nassetta took over as CEO in 2007, Hilton lagged behind other hoteliers. Today, Hilton Worldwide is the largest hotelier in the world, by rooms, with 679,000 rooms. (AP Photo/J. David Ake)

McLEAN, Va. (AP) — Nearly every weekend, Chris Nassetta is cooking in his family’s oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer.

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West seeks to inflict more economic pain on Russia

President Barack Obama speaks on the South Lawn of the White House in Washington, Tuesday, July 29, 2014, as he announces new economic sanctions against key sectors of the Russian economy in the latest move to force Russian President Vladimir Putin to end his support for Ukrainian rebels.  (AP Photo/Manuel Balce Ceneta)

WASHINGTON (AP) — Citing Russia’s stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia’s economic pain even further and force President Vladimir Putin to end provocations in Ukraine.

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$1,000 pill now hepatitis C treatment of choice

This undated handout photo provided by Gilead Sciences shows the Hepatitis-C medication Sovaldi. A $1,000-per-pill drug that insurers are reluctant to pay for has quickly become the treatment of choice for a liver-wasting viral disease that affects more than 3 million Americans. In less than six months, prescriptions for Sovaldi have eclipsed all other hepatitis-C pills combined, according to new data from IMS Health.  (AP Photo/Gilead Sciences)

WASHINGTON (AP) — The price is sky-high, but so is demand. A new $1,000-per-pill drug has become the treatment of choice for Americans with hepatitis C, a liver-wasting disease that affects more than 3 million.

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Alternative funds are drawing dollars, questions

NEW YORK (AP) — They’re hot, yet many investors have no idea what they do.

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