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Fantasy Sites Are Dealt New Rebuff by Citigroup

Already under a growing legal and legislative assault, the daily fantasy sports industry was dealt a new blow Friday when Citigroup said it would begin blocking New Yorkers’ debit and credit card payments at the two largest sites, FanDuel and DraftKings. The decision by Citigroup came just a week after ...

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Vietnamese professionals from abroad in demand: analyst

With more businesses coming to Vietnam, the local talent pool is getting stretched and companies in the country will this year increasingly attract Vietnamese professionals who have studied or worked abroad, according to the head of a recruitment company. Jon Whitehead of Robert Walters’ Vietnam division said employers had increasingly ...

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Yet Another Auto Recall Will Affect Five Million

In a case that echoes the Takata airbag recalls, automakers including Honda and Fiat Chrysler will recall about five million vehicles worldwide to fix a defect in an airbag component known for years but left unaddressed. Continental Automotive Systems, the German supplier that manufactures electronic components that control car airbags, ...

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Netherlands' Damen eyes Vietnamese shipbuilder: report

 A file photo of Song Cam shipyard in the northern city of Hai Phong. Photo credit: Giao Thong Vietnam’s government has taken on shipyard group Damen’s offer to buy a 70 percent stake in Hai Phong City-based shipbuilder Song Cam JSC, local media have reported. A detailed plan for the ...

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Vietnam retailer Tiki to raise $18 million: report

Tiki, an e-commerce startup, has been in talks with Internet content giant VNG Corporation to secure US$ 18 million in funding, information technology news website ICTnews reported on Tuesday, citing industry insiders. If the deal goes through it will set a new record start-up funding record in Vietnam, it said. ...

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Organization Behind Grammys to Create Lobbying Group

Nile Rodgers, above, Babyface, Anita Baker and Sheila E. will be star ambassadors who solicit contributions to a fund the National Academy of Recording Arts and Sciences is creating to advocate for fair compensation for creators of music. By BEN SISARIO February 1, 2016 For years, the music industry’s lobbying efforts have ...

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Seafood exporter Hung Vuong to buy stake in Russian company

Hung Vuong Corporation, a Vietnamese major pangasius fish exporter, has announced its plan to buy a 51 percent stake in a distributor in Russia for US$ 15 million. The plan, announced at the company’s shareholder meeting on Friday, is expected to help Hung Vuong access Russian Fish Company’s distribution network, ...

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