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Johnson & Johnson shares drop after asbestos report

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The company's executives, researchers, doctors and lawyers were aware but deliberately chose not to disclose this information and not to refer it to the authorities, according to the report . Thousands more cases against the company are still pending. "Simply put, the Reuters story is an absurd conspiracy theory". Johnson & Johnson successfully defended a lawsuit over asbestos in 1999, but in two cases earlier this year - in New Jersey and California - juries awarded big sums to ... Read More »

Apple is working on its own modem for use in future iPhones

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The two Qualcomm patents in dispute in China enable users to adjust and reformat photos and manage applications through touch-based navigating apps on their phones. The latest salvo comes after a Chinese court on Monday banned the sale of older iPhones in China. Qualcomm has retaliated by beginning to campaign globally to halt sales of iPhones over apparent violations of some patents it holds that Apple hasn't gained a license to use. Read More »

Toronto council votes to allow private cannabis retail stores

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Queen's Park gave municipalities until January 22, 2019 to decide whether they will opt out of having retail cannabis stores. "I think to say no would.do us out of quite a lot of money, millions of dollars", in provincial funds earmarked for cities and towns who say they are willing to host stores legally selling recreational marijuana, Tory told reporters Wednesday after an unrelated announcement. Read More »

Canadian with North Korea ties detained after Huawei arrest

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Lu said Thursday Spavor is under investigation by China's state security bureau in Dandong. "We can confirm that a Canadian citizen, Michael Spavor , has been detained in China", the ministry said in a statement. "Negotiating a business deal with the DPRK is complicated and can be quite hard for a number of reasons", he said. Canadian officials said they were officially informed of Kovrig's detention via fax early Wednesday. Read More »

Japan to stop its govt from purchasing Huawei or ZTE equipment

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Japan decided Monday to effectively exclude Chinese telecommunication equipment giants Huawei Technologies Co and ZTE Corp from public procurement, the government said. Huawei has already been locked out of the United States market and Australia and New Zealand have blocked it from building 5G networks amid concerns of possible links the firm has with China's government . Read More »

FAIR: It's do or die for Trump and his border wall

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Mexican President said the border wall was not discussed on a phone call with the U.S leader on Wednesday. Davidson noted that this funding would not support a full wall across the entire border and that some parts could likely be reinforced with fences. Read More »

Apple to build $1bn campus in Texas

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Apple also plans new sites in Seattle, San Diego, and Culver City, California. Outside the U.S., the firm is constructing two data centres in Denmark, having made a decision to build a second in the nation after scrapping plans for an Irish data centre following a drawn-out legal battle with local protesters. Read More »

Human heart left on board plane prompts flight to return to Seattle

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Southwest said the "life-critical cargo shipment" onboard the aircraft was intended for a Seattle hospital. The aircraft turned around to ensure the heart would make it back to Seattle within a certain time window. A Southwest Airlines flight from Seattle to Dallas had to turn around midlight after the crew found a human heart onboard. Seattle-area hospitals that were contacted said they knew nothing about a possible heart transplant, the newspaper reported. Read More »

Will Try to Uphold Autonomy & Credibility of RBI: Shaktikanta Das

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The swiftness of the move is likely due to the fact that Das was said to be in the running after Patel's predecessor, Raghuram Rajan , left the job in September 2016. Urjit Patel is a thorough professional with impeccable integrity". After the two-year deputation with RBI, Patel became a consultant to the Government of India in the Ministry of Finance, Department of Economic Affairs - a position he held from 1998 to 2001. Read More »

Google, Facebook Face Australia Crackdown Over Market Power

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As the ACCC wrote in its report, the "widespread and frequent use of Google and Facebook means that these platforms occupy a key position for businesses looking to reach Australian consumers..." Some of the resulting investigations relate to allegations "that could sit under competition law which would go to issues of misuse of market power" while some relate to "issues of consumer law", Sims told a press conference. Read More »

House passes farm bill, sending it to Trump’s desk

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The farm bill is expected to cost $867 billion as it sets agriculture subsidies for the next five years, with the majority being spent on programs that guarantee insurance for farmers and the Supplemental Nutrition Assistance Program, or SNAP, the program that feeds about 42 million Americans each year, with an average cost of $1.86 per meal, according to the National Conference of State Legislatures . Read More »

Tampons recalled due to unraveling, pieces being left in body

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Now the recall is "limited to specific lots" of the Sleek tampons produced from October 7, 2016 to October 16, 2018. In some cases, the company says medical treatment was required to remove pieces of the tampon left inside the body. Kimberly-Clark has voluntarily issued a recall across Canada and the United States. Retails have been alerted to remove the recalled products from shelves and post a notification in their stores. Read More »

USA investment banks see low oil prices despite OPEC cut

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This would hurt crude oil demand and contribute to views that the market is oversupplied, traders have said . On the other hand, Al Mazroui stressed that talks between America and China are important for the oil market. Iran, Libya and Venezuela are excluded from the reduction of oil production arrangement. Moreover, the EIA believes USA oil production will average 12.06 million bpd in 2019, up 1.18 million bpd from the prior year. Read More »

Brexit chaos grows as Theresa May's colleagues seek to oust her

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Tory MPs rejected a no-confidence motion in the embattled prime minister's leadership by 200 votes to 117, as the contest underscored the bitter split in the party over Brexit . May will first go to The Hague for talks with Dutch Prime Minister Mark Rutte before meeting Merkel in Berlin, as she struggles to unite British lawmakers behind her faltering plan. Read More »

Lawmakers Grill Google CEO Sundar Pichai. But He Emerges Merely Singed

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Rep. Jerry Nadler, a Democrat from NY, called the accusations a "fantasy dreamed up by some conservatives that Google and other online platforms have an anti-conservative bias". "I'm not going to say into the record what kind of language was used around that picture of her grandfather", he said . "There's so many different things", Cohen said. Read More »

Apple denies iPhone import ban in China

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While Qualcomm says the ban covers iPhones 6S through X, Apple says all iPhone models remain available for customers in China. Apple added that Qualcomm "is asserting three patents they had never raised before, including one which has already been invalidated". Read More »

RBI Governor Urjit Patel Resigns: The Wire Breaks It Down

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In a statement, Mr Patel thanked his staff and officers, calling them the reason for the "bank's considerable accomplishments in recent years". The resignation of Urjit Patel as RBI governor once again highlights the traditional distraught nature of relations between the central bank and the government. Read More »

Macron Asks Abe to Help Keep Nissan-Renault Alliance Despite CEO Arrest

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Ghosn and Kelly were also served fresh arrest warrants the same day for continuing the misconduct through March 2018, a move which may lead to up to an additional 20 days of detention through December 30 and sparking further criticism from overseas over what is viewed as harsh treatment of the once-admired businessman. Read More »

Canada's unemployment rate hits lowest point in over 40 years

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In all 46,100 people were working, 2,500 looking for work and 24,300 of working age not participating. As reported by statistics Canada on Friday, it was the biggest monthly increase according to studies of the labor market since March 2012, when there were 94000 jobs. Read More »

Tumblr Bans Adult Content on December 17

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Prompted by the app's removal from the Apple App Store Nov. 20 on allegations of harboring child pornography, Tumblr announced that as of December 17 , it was making the service "better" and "more positive" by banning porn. Some criticised Tumblr's definition of "adult content", while others warned that Tumblr would lose a significant chunk of its users because of the change. Read More »

Oil prices climb on OPEC-led cuts, but off session highs

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Competition to Brent from US shale output has weighed on prices at a time when financial markets are anxious about the health of the global economy and the fallout of the US-China trade war. But it's bad news for petrostates such as Saudi Arabia , Iraq , and Russian Federation that rely heavily on revenues from crude exports. However, it's not yet clear how much each country will cut their output. Read More »

China to 'immediately' implement United States trade truce measures

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US President Donald Trump said in a Twitter statement on Friday that the trade talks between Washington and Beijing are proceeding well. As part of the agreement, the USA government has made a decision to hold off on raising tariffs on $200 billion worth of Chinese goods from 10 percent to 25 percent on January 1. Read More »

Japan to indict Nissan as well as Ghosn

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Ghosn, who is still chairman and chief executive of Renault despite pressure from the French government to dismiss him, is well-known for changing the fading fortunes of the vehicle manufacturers he worked at. Your opinion is valuable. The two were arrested November 19 on suspicion of violating the Financial Instruments and Exchange Act, for reporting only 5 billion yen ($44 million) of Ghosn's 10 billion yen remuneration during the five years from fiscal 2010. Read More »

Winter Storm Diego targets +20 million people in southern US

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The storm is not expected to travel far enough north to have any major impact in the northeast of the country. Drivers in North Carolina faced a growing risk on Saturday of roads glazed with ice as a major winter storm drew near, with the National Weather Service warning of more than a foot of snow in the state's mountainous west before the weekend was out. Read More »

United States jobs report misses estimates as unemployment holds at 49-year low

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The unemployment rate was unchanged at near a 49-year low of 3.7 percent as more people entered the labor force. As of October, the USA economy has added 1.9 million jobs this year. The jobs report provides a high-level diagnosis of the United States economy, and November's report indicated a slight slowdown. The latest Labor Department data in their latest report ( pdf ) released Dec.7, portrays an economy that is still adding jobs at a steady rate after almost a decade of recovery. Read More »

Marlboro maker places $1.8 billion bet on marijuana

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Altria's huge investment lit up shares of cannabis companies that have begun to set up shop in Canada , where recreational use was legalized this year. Altria's bet on Cronos could also prompt more similar deals in the sector, he added . The Altria-Cronos deal is "encouraging" given the broad potential uses for cannabis such as in pharmaceuticals and health and wellness products, she said in a note to clients. Read More »

Aston Martin DB6 Transformed Into Electric Beauty

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The Heritage electrification concept has been led by Aston Martin Works at Newport Pagnell. The first vehicle to receive the new EV powertrain is an original 1970 DB6 MkII Volante . Andy Palmer, Aston Martin Lagonda President and Group Chief Executive Officer, said of the Heritage EV concept: " We are very aware of the environmental and social pressures that threaten to restrict the use of classic cars in the years to come". Read More »

Jeep Wrangler JL bombs Euro NCAP crash tests with 1-star result

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The Wrangler also carries Australian Design Rule (ADR) approval for use on Australian roads, despite any safety score issued by crash test authorities. The Panda scored 45 per cent for Adult Occupant Protection and just 16 per cent for Child Occupant Protection. In the full-width crash test, the rear passenger protection was rated as poor - the lowest rating - while driver chest protection was marginal. Read More »

Trump Says Trade Talks With China 'Going Very Well'

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US President Donald Trump and China's President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing November 9, 2017. China is fully confident that it can reach a trade deal with the US within the 90 days set for talks, Gao said. China and the United States have been engaged in a trade war after Trump announced in June that $50 billion worth of Chinese goods would be subject to 25 percent tariffs in a bid to fix the US-Chinese trade deficit. Read More »

Donald Trump Demands 'REAL DEAL' with China Despite Shaken Stock Market

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The move is an extension of a dinner the two had at the G20 summit , where they agreed to not increase tariffs for 90 days in order to pave the way for discussions. President Donald Trump on Wednesday scrambled to reverse a stock market plunge over fears his China trade deal won't happen, arguing Beijing was sending "very strong signals" and that he believed President Xi Jingping's promises. Read More »

The best U.S. companies to work for

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The career website rated employers based on feedback from employees. The company that topped the list scored 4.5 and the company that ranked 50th still scored 4.2. Rounding out the top five were Zoom Video Communication , In-N-Out Burger, Procore Technologies and Boston Consulting Group. The big tech companies actually don't fare all that well in the list of best places to work. Read More »

Burger King pranks McDonald's with 1¢ 'Whopper Detour' offer

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The latest volley in Burger King's recent barrage of conspicuously naughty promotions and ads employs geotargeting to snatch business away from its perennial nemesis, McDonald's . So, in effect, Burger King will be "turning more than 14,000 McDonald's into Burger King restaurants", according to a press release. The Whopper deal can be redeemed until December 12 at participating restaurants nationwide. Read More »

Dow slides nearly 800 points as trade jitters return

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The S&P 500 index closed at 2,700, down 90 points or 3.24 percent. Kitco Metals Inc . and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication. In Asia early Wednesday benchmarks fell by no more than 1.5 percent, the loss for the Hang Seng index in Hong Kong, which was at 26,860.43 by mid-morning. Read More »

Huawei finance chief Meng Wanzhou arrested in Canada

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Stocks on both the Chinese mainland and in Hong Kong tumbled after news of the arrest, with tech firms taking the brunt of the selling of shares. "You can play hardball with a small country but you can't do it with the US", he said. Are these issues related to the U.S. "The company believes the Canadian and USA legal systems will ultimately reach a just conclusion", the statement continued . Read More »

Canadian businesses face retaliatory risk after Huawei arrest in Vancouver

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He also said the Iran allegations are very damaging to Huawei and said China will push back hard. The Shanghai Composite index in China dropped 1.7% as the country's government demanded her immediate release . BT also stressed that it would block telecom equipment from the company operating in sensitive areas of the UK's next-generation 5G network. ZTE, China's second-largest telecoms equipment maker, agreed to pay $1.4 billion in total fines to the U.S. Read More »

Donald Trump-China trade deal unravels

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China's Commerce Ministry did say on its website that it would begin "implementing specific issues on which consensus has been reached", but the vague statement included no details. Trump and Xi said they would hold off on imposing additional tariffs for 90 days starting on December 1 while they sought to resolve their trade disputes that have seen the flow of hundreds of billions of dollars worth of goods disrupted by tariffs. Read More »

Oil prices slide as Trump urges OPEC not to cut supply

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The delegate said both countries had made significant production output since the current deal went into force in January 2017, and it was time for them to "contribute". "I hope that maybe these measures won't be necessary", he said in an interview with Bloomberg television in Vienna . "We just have to see how it will be distributed", another delegate said. Read More »

Alberta government imposes oil production cuts for province

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Indeed, when Suncor reported third-quarter results on October 31, it said the discount on heavy Canadian oil prices was having a "minimal" impact on its operations. Alberta said it will monitor the market closely and reductions will be adjusted accordingly as storage is drawn down or new transport capacity comes online. Read More »

Huawei CFO arrested, faces extradition to U.S.

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In a statement to Daily Hive, Federal Department of Justice spokesperson Ian McLeod confirmed that Wanzhou Meng was arrested in Vancouver on December 1. Canada has arrested a senior staff member on Huawei's global executive team on suspicion she violated U.S. sanctions against Iran. "The company believes the Canadian and USA legal systems will ultimately reach a just conclusion", the statement said. Read More »

China trade war truce welcomed by U.S. associations

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But, taken at face value, the president's comments should allow companies who build cars in America and sell them in China to breathe a sigh of relief. The 90-day truce in the escalating trade war between the US and China came during a dinner meeting between the two presidents following the G-20 summit of the world's biggest economies in Buenos Aires. Read More »

USDA Recalls Another 5.1 Million Pounds of Beef

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All product supplied from JBS packaging facility in Tolleson, AZ. The USDA inspection mark on the packaging of the recalled products contains the establishment number "EST". They usually last four to seven days. The USDA is also reminding consumers to safely prepare raw beef and make sure it is properly cooked. The FSIS has posted and is updating product lists and lists of specific retailers that received the recalled beef. Read More »

China grain traders await lower tariffs before U.S. return

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Muted reaction in both the Chicago and Dalian futures markets on Monday underlined the lack of incentives for new purchases. China's reticence contrasted with the parade of US officials talking about the deal on Monday, including Treasury Secretary Steven Mnuchin and White House Economic Adviser Larry Kudlow. Read More »

Qualcomm isn't going ahead with its NXP acquisition despite possible China nod

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American chip maker Qualcomm could reconsider acquiring rival Dutch semiconductor maker NXP after China said they were open to approving the previously blocked deal at a meeting between the U.S. Qualcomm used share buybacks of $5 billion to try to maintain its stock price for their shareholders after the deal was cancelled. One example could be Xilinx, a U.S. Read More »

Around 100 Million Quora Users Hit By Security Breach

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Non-public content and activity, e.g. direct messages or answer requests. D'Angelo said the breach was discovered on Friday but it did not affect question and answers that are written anonymously. Anyone who had reused a password elsewhere is advised to create a new password for that account too. Understandably the situation resulted in a few unhappy "users" who felt that if Quora was going to demand personal information in exchange for access to its site, that information should be ... Read More »

Trump's new NAFTA faces uphill battle in Congress

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Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto held a ceremonial signing at the G20 meeting on Friday for the USMCA, which would replace NAFTA that was signed into law by President Clinton in 1994. Legislators in Canada and Mexico must still approve the pact. Morneau, speaking to a NY event arranged by Politico , also said it was clear that a negotiating process was starting in the United States which he hoped would lead to Congressional ratification ... Read More »

Amazon's checkout-free experiment could come to larger grocery stores

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Amazon is testing its cashierless checkout technology for bigger stores with larger spaces and experimenting the technology in Seattle, The Wall Street Journal has said. Business Insider contacted Amazon and Whole Foods for comment. "Amazon has previously said it has no plans to add the technology to Whole Foods", the Journal writes, adding that both Amazon and Whole Foods have declined to comment on its report. Read More »

George HW Bush's Service Dog Sully Pictured By Coffin

As a military band played and cannons fired, family members, including son President George W. Bush and his wife, Laura, met the hearse. Bush spokesman Jim McGrath tweeted Monday that Bush will be laid to rest wearing gray socks honoring his days as a naval aviator. Read More »