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Reuters BusinessOct 16, 2019
Weak U.S. retail sales cast pall over slowing economy
U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.

RELATED ARTICLES
WRAPUP 3-Weak U.S. retail sales cast pall over slowing economy (Reuters Company News)

Yahoo BusinessOct 16, 2019
Chief of Exelon's Utility Business Retires During Federal Probe
(Bloomberg) -- The head of Exelon Corp.'s utility unit has abruptly retired amid a federal probe involving its lobbying in Illinois.Anne Pramaggiore, senior executive vice president and chief executive officer of Exelon Utilities, is leaving "effective immediately," the company said in a statement Tuesday. Calvin Butler Jr., chief of Exelon's Baltimore Gas and Electric utility, was named as her interim replacement.Pramaggiore's departure comes less than a week after Exelon disclosed in a regulatory filing that it received a subpoena from federal prosecutors asking for information related to communications with Illinois State Senator Martin Sandoval. In July, Exelon disclosed it received a subpoena related to its lobbying activities in Illinois.Exelon fell as much as 1.9% Wednesday.The Chicago Tribune reported earlier this month that federal agents had raided Sandoval's office and were searching for information related to concrete and construction businesses and lobbyists and public officials. Officials were also looking for "items related to any official action taken in exchange for a benefit," the Tribune reported, citing documents released by the Illinois Senate.Exelon's statement on Pramaggiore's retirement Tuesday didn't reference the subpoenas. Nor did it give a reason for her departure."We thank Anne for her valuable service," Exelon CEO Chris Crane said in the statement. "We are confident this will be a smooth transition."(Updates shares in fourth paragraph.)\--With assistance from Will

CNBC FinanceOct 16, 2019
Fed's Evans says no more rate cuts are needed through 2020
The Chicago Fed president said policy is probably appropriate given an economy that is softening but still in good shape.

RELATED ARTICLES
Probability of an October Fed rate cut soars after disappointing retail sales data (MarketWatch MarketPulse)

Reuters BusinessOct 16, 2019
FCC approves merger of T-Mobile, Sprint on vote split on party lines
T-Mobile US Inc's proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.

RELATED ARTICLES
UPDATE 2-FCC approves merger of T-Mobile, Sprint on vote split on party lines -sources (Yahoo Business)
UPDATE 1-FCC approves merger of T-Mobile, Sprint on vote split on party lines (Reuters Company News)
Reuters BusinessOct 15, 2019
Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed
Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, according to an application document provided by the Fed on Tuesday.

Wall Street Journal US BusinessOct 15, 2019
Fed's Daly Still Weighing Her Rate View
San Francisco Fed leader Mary Daly said that while central-bank rate cuts will help keep the economy on a good path, she isn't ready to say whether another rate change is warranted.
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