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Finance & Markets

Maextro Pledges Brake Redesign After Stock Slides on Test Report

Anhui Jianghuai Automobile Group Corp Ltd. shares fell by the daily limit in Shanghai after three vehicles from its flagship luxury brand were depicted in a media test with broken brake-pedal supports, prompting the automaker to pledge a redesign of the component and offer a free upgrade to owners.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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The Eighty-Five Percent Goodwill Loophole

In corporate accounting, goodwill is the residual premium paid over the identifiable fair value of net assets. It represents future economic benefits that cannot be individually identified or…

Thursday's ETF with Unusual Volume: FLCV

The Federated Hermes MDT Large Cap Value ETF is seeing unusually high volume in afternoon trading Thursday, with over 685,000 shares traded versus three month average volume of about 40,000. Shares of FLCV were down about 0.3% on the day. Components of that ETF with the highes

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