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Amazon To Acquire Qualcomm-Backed Router Company

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Loop Capital's Anthony Chukumba said in a Tuesday note to clients that not only is the deal an indication of Amazon's commitment to smart home technology, it shows that the cash-rich company will back up that commitment with M&A activity. Read More »

Tesla update to include Dog Mode

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Today Tesla owners can comfortably leave their pet inside their vehicle while they park for short time. A parked auto without the windows down can rise more than 20 degrees Fahrenheit, in just ten minutes and in an hour the temperature inside your vehicle can be more than 40 degrees Fahrenheit higher than the outside temperature. Read More »

Airbus to stop making struggling A380 superjumbo in 2021

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Almost 15 years after the A380's maiden flight, the aircraft will be taken out of production, the company said in a statement on Thursday. Airbus built the A380 to compete with Boeing's 747, and expected airlines to embrace an even larger, longer-range plane that could fly between major hubs. Read More »

Lufthansa sues passenger, says he skipped a connecting flight on goal

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While that might seem like an innocent enough act, the German airline claims that the passenger was trying to leverage the "hidden city" ticket trick , a method experienced airline passengers employ to get cheaper fares. Checking in baggage is not advised, as cases are often transported straight through to the final destination. Though the practice could save a little money, it could be harmful to both the airlines and other passengers as well. Read More »

Oil rises after Saudi output pledge, declining USA inventories

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While US crude production is expected to grow by an amount that exceeds Venezuela's current output, the IEA warned that quantity is not the only important issue. Oil prices rose early on Wednesday, supported by a renewed commitment of OPEC and its de facto leader and biggest producer Saudi Arabia to cut deeper than pledged and do "whatever it takes" to rebalance the market. Read More »

The Tesla Model 3 was the best-selling electric auto in 2018

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A country of just more than 5 million people, Norway is nevertheless Tesla's third-biggest market thanks to generous incentives for low-emission vehicles and high taxes on regular cars. Elon Musk, the CEO from Tesla, received a tweet from a person owning a Tesla Model S, asking when will the cars get the Sentru mode. This year Tesla plans to add another model to its lineup, the Tesla Semi, which the head of Daimler's truck business notoriously mocked as going against the laws of physics. Read More »

Lottery Winner Wore 'Scream' Mask to Claim Prize

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The person in the mask was only identified as "A. Campbell " and claimed the $158,400,000 prize which amounts to nearly $1.2 million in U.S. dollars . He only did so after lottery officials urged the unknown victor to come forward before the strict 90-day deadline passed. Campbell said his life has been "a struggle" but hopes that will change with the winnings. Read More »

China trade talks resume this week in Beijing

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The US has said it will increase tariff rates on $200bn worth of Chinese imports from 10% to 25% if the two sides don't strike a deal by 1 March. "If we're close to a deal". But the two sides are only just starting the work of drafting a common document and are still tussling over how a deal may be enforced, which US officials have repeatedly called a crucial element. Read More »

Activision Blizzard set to layoff hundreds of employees

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Gilman Hill Asset Mngmt Ltd invested in 0.09% or 2,648 shs. Activision Blizzard stock opened at $40.11 on Monday. Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock. Read More »

Lavalin: Federal minister Jody Wilson-Raybould resigns amid allegations

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Since Thursday, Wilson-Raybould has refused to comment on the allegations, citing solicitor-client privilege. In a letter published on her website, Wilson-Raybould thanked the residents of Vancouver-Graniville, while stating that her resignation as Minister of the Crown "in no way changes my commitment to seeing" her goal of "implementing a positive and progressive version of change on behalf of all Canadians". Read More »

United Kingdom signs Swiss trade deal as heat grows on Liam Fox

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Liam Fox's trade department has secretly admitted to some of Britain's biggest businesses that the 40 free trade deals the minister promised to have ready by Brexit day are "unlikely" to materialise. European Union leaders have turned down Mrs May's plea to renegotiate parts of the legally binding Brexit withdrawal bill, making the no-deal outcome more likely even though both sides believe it would harm their economies. Read More »

IHOP celebrates National Pizza Day with the 'Pancizza'

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Order online with the code "Medium 1" and receive a medium, one-topping pizza for just $1. Caulipower: Buy one Caulipower pizza, get a second one of equal or lesser value free with this coupon . Get two pepperoni pizzas for just $10 when you order online. Pizza lovers everywhere can rejoice for National Pizza Day! Pizza Hut : Any Large Pizza Hut pizza for $10.99. Read More »

Twitter Reveals How Many Daily Active Users It Has

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Looking ahead, Twitter expects total revenue for Q1 2019 to be between $715 million and $775 million. Twitter said the decline was partly due to its efforts to identify trolls and take down malicious accounts. So, starting this quarter, in addition to sharing the growth in mDAU as we have since 2016, we are disclosing the absolute number of average mDAU (previously referred to as DAU ), for both the United States and global markets. Read More »

Challenger bank CEO calls for Bank of England rate cut

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Brexit is causing the United Kingdom economy to weaken, it said, cutting its 2019 growth forecast to just 1.2%, the lowest since the financial crisis. In recent weeks, other major central banks have also sharply reversed policy in the face of rising growth risks, with pressure on businesses most notably stemming from a U.S. Read More »

Germany Punishing Facebook for Social Media Dominance

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If the ruling is upheld, Facebook will be required to allow users to specifically approve data collected from other Facebook-owned sources and third-party websites assigned to their accounts. Along the way, Facebook track which sites and apps its users visit; where they shop and what they like, among other data. Facebook released a blog post Thursday directly refuting the order, entitled " Why We Disagree With the Bundeskartellamt " (the name of the agency). Read More »

Amazon might be reconsidering its second headquarters in NY

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Amazon has not yet closed deals on NY property and thus still has the chance to back away from its initial plan if it wants to. Furthering Amazon's troubles is the recent nomination of one of its most outspoken critics, state Senator Michael Gianaris , to the Public Authorities Control Board. Read More »

Trump Mocks 'Jeff Bozo' Over Divorce

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In his tweet, Trump was referring to a story by the National Enquirer that reported on Bezos' interactions with his alleged mistress Lauren Sanchez . Trump wished Bezos "luck" on this divorce on Thursday, adding "It's going to be a beauty". The Post published a bombshell report over the weekend about Trump's meetings with Russian President Vladimir Putin. Read More »

BB&T and SunTrust agree to combine in US$66 billion merger

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RBC bankers advising BB&T on the deal, according to a bank spokeswoman, were Vinnie Badinehal, its head of financial institutions investment banking, Jason Braunstein, head of bank M&A, Eric Martinez and Sabrina Kureshy. BB&T moved its headquarters from Wilson to Winston-Salem in 1995, but the new company says it will still maintain a strong presence in the Triad. BB&T has always been based in Winston-Salem, N.C., while SunTrust is based in Atlanta . Read More »

Jaguar Land Rover posts £3.4bn loss as China demand slips

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Dr Ralf Speth, JLR chief executive, said: " Jaguar Land Rover reported strong third quarter sales in the United Kingdom and North America, but our overall performance continued to be impacted by challenging market conditions in China". The company said its commercial vehicle (CV) sales in the domestic market stood at 37,089 units in January, down 6 per cent from 39,386 units in the same month past year. Read More »

Trump Tipped to Ban Chinese Equipment from U.S. Mobile Networks

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In an interview last month, Andrus Ansip, European Commission vice president for digital affairs, said China's National Intelligence Law, passed in 2017, has increased the risk in dealing with Chinese companies in Europe. The government now has no own information on whether the Chinese company could be a security threat, Altmaier was quoted as saying, adding that the Federal Office for Information Security (BSI) had been activated. Read More »

Amazon’s Jeff Bezos accuses National Enquirer of ‘extortion and blackmail’

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De Becker proceeded to tell media that the leak was politically motivated, which, according to Bezos's blog post Thursday, concerned AMI. It's a long, rambling post, but the gist of it is that - possibly thanks to a deep political/media conspiracy - American Media , owners of the National Enquirer , have been threatening Bezos with the publication of his n00dz, which emerged as part of the sexting scandal which destroyed his marriage . Read More »

USA oil prices dip on rising crude inventories, record output

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U.S. West Texas Intermediate ( WTI ) crude futures were at $53.74 per barrel at 0153 GMT, up 8 cents from their last settlement. The month was Brent crude's best month since April 2016. Market participants have already been focused on signs of tightening global crude supply after the Organization of the Petroleum Exporting Countries (OPEC) and allies began an agreement in January to cut output. Read More »

Home and vehicle loans to be cheaper as RBI cuts rates

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The MPC also made a decision to change the monetary policy stance from calibrated tightening to neutral. This was the first meeting of the monetary policy committee (MPC) under Shaktikanta Das who took over as the RBI governor in December after the sudden exit of Urjit Patel over differences with the Modi government. Read More »

Oil dips on rising U.S. supply, but OPEC cuts lend support

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A flotilla loaded with about seven million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding cargoes bought ahead of the latest US sanctions and others whose buyers are weighing whom to pay, according to traders, shippers and Refinitiv Eikon data. Read More »

US, China committed to reaching trade deal by deadline: Mnuchin

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A United Nations expert has warned that a USA plan to raise tariffs on Chinese goods next month would have "massive" implications for the global economy unless it is resolved. It also warned that the effects could be felt everywhere. She said the US tariff hike and a retaliatory move by China would trigger an economic downturn due to instability in commodities and financial markets, while company moves to adapt would put pressure on global growth. Read More »

Alphabet Earnings: Google Cost Per Click Declined 29% 02/05/2019

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Google doesn't report its cloud revenues, itself an indication that it continues to trail far behind market leader Amazon Web Services Inc. and Microsoft Corp. Earlier, they closed at $1,141.42 in regular NY trading. Twelve analysts surveyed by Zacks expected $31.28 billion. That beat analysts' average estimates of $7.69 billion, or $10.87 per share. Read More »

Canadian retailer Sunrise Records buys HMV stores

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The administrators will retain a further 122 employees at warehouse functions to assist them in winding down operations. Sunrise Records CEO Doug Putman said he was delighted to acquire "the most iconic music and entertainment business in the UK", and would aim to replicate his company's success in Canada. Read More »

President invites boy bullied for having the last name Trump to SOTU

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At 9 p.m. (0200 GMT Wednesday) before a joint session of Congress, Trump will likely stir contention with remarks on immigration policy, after his demand for $5.7 billion in wall funds triggered a historic 35-day partial government shutdown that more than half of Americans blamed him for, according to Reuters/Ipsos polling. Read More »

4,000 General Motors workers to be laid off starting Monday

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The layoffs are part of a restructuring effort pushed by GM that is said to eliminate upwards of 15 percent of the company's workforce (14,000 positions) to "accelerate its transformation for the future". But 2,700 USA workers will be offered jobs at other factories. The cuts come after GM's November announcement of dramatic restructuring. Another 1,500 contracted employees are said to have not been offered an extension or renewal on their contracts. Read More »

After Trump call, Foxconn recommits to Wisconsin factory

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The company said it was looking forward to continuing its expansion of investment in American talent in Wisconsin and the U.S. At the time, Foxconn pledged to deliver up to 13,000 blue-collar jobs and a $10 billion display-making plant in the state's southeastern corner - a move Trump has repeatedly touted. Read More »

Jobs Grow by 304,000 While Unemployment Data Spoiled by Shutdown

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Last month was overblown: Figures for the two prior months were revised down to show 70,000 fewer jobs created than the total 490,000 initially estimated for November and December. That probably didn't directly affect the headline number of hiring figures. All 800,000 workers are now back on the job and will receive back pay after Republican and Democratic lawmakers reached a deal to reopen the government for three weeks while they try to work out an agreement on border security. Read More »

India’s new e-commerce law ends retailer exclusivity for new smartphones

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Flipkart CEO Kalyan Krishnamurthy warned last month that it faced "significant customer disruption" if the new rules were implemented from 1 February. Amazon's own range of Echo speakers, its Presto-branded home cleaning goods and other Amazon Basics products such as chargers and batteries had also vanished from the website. Read More »

Natural gas shortage ends, auto plants to resume production

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An emergency alert was sent late Wednesday to cellphones asking people to lower thermostats to 65 degrees or below through Friday. A MI utility that warned residents that they risk brief interruptions of natural gas service for heat amid bitterly cold weather if they don't help reduce energy use says efforts to conserve energy are making a difference. Read More »

PG&E Officially Votes To File For Chapter 11 Bankruptcy

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Filing for bankruptcy essentially ensures the company can continue to operate and its customers will get power, but doesn't assure any of the fire victims will get compensation - or that ratepayers won't get hit with part of the bill, CBS San Francisco and CBS Los Angeles say. Read More »

Apple Engineer Accused of Leaking Confidential Autonomous Vehicle Information To China

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Jizhong Chen was investigated after another employee reported seeing the engineer taking photographs in a sensitive work space , news website for NBC Bay Area reported on Wednesday. One of the photos dated June showed "assembly drawing of a wire harness for an autonomous vehicle". Another alleged Chinese spy has been caught apparently trying to steal secrets from Apple's mysterious self-driving vehicle project. Read More »

Musk not worried about Tesla Model 3 demand, Wall Street thinks otherwise

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But the latest earnings were down from the $312 million profit Tesla posted for the previous quarter and lower than investors had hoped. A man who prefers to stay behind-thescenes, Ahuja flew to India a couple of times in recent years, seeking to know from the government and other key stakeholders whether there was a will to let Tesla enter India. Read More »

Facebook posts record profits as it shrugs off scandal-filled year

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After announcing this brilliant result, Zuckerberg revealed that 2019 will be the year of success and building new experiences. Commenting on the results, eMarketer Principal Analyst Debra Aho Williamson, said: "With these results, Facebook has clearly demonstrated that the challenges of 2018 have not had a lasting impact on its ability to increase both revenues and usage". Read More »

Amazon scores stellar Q4, fueled by 45% cloud-biz growth

Shares of the company fell 1.7 per cent to US$1,690 after the bell. The forecast was on the low end of analyst expectations' of about $61 billion. It was the second quarter in a row Amazon predicted softer-than-expected revenue. Advertising was a key moneymaker, highlighting Amazon's ability to charge brands and merchants for visibility to its 100 million-plus loyal Prime subscribers, who pay fees in exchange for delivery discounts, movie and music streaming and other perks. Read More »

Foxconn reconsidering plans to make LCD panels at Wisconsin plant

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Evers aide Joel Brennan said in a statement Wednesday that the administration is in weekly communication with Foxconn leaders and has been in contact since learning that the company plans to move away from manufacturing liquid crystal display screens at the campus and toward creating a hub for research and development. Read More »

Markets surge as Federal Reserve leaves rates unchanged

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And by both measures, conditions in the USA are about as good as you can get. Boeing Co gained 6.8 percent after the world's largest planemaker forecast full-year profit and cash flow above analysts' estimates amid a boom in air travel and speedier 737 production. Read More »

China and USA schedule more trade talks before March deadline

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His goal in the talks is to force the Asian giant to put an end to trade policies the U.S. deems "unfair", especially the theft or forced transfer of American technology, obliging USA firms to form joint ventures with local partners, and state subsidies for industry. Read More »

Musk not worried about Tesla Model 3 demand, but Wall Street is

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Electric automaker Tesla confirmed it will be able to make a key debt payment by next month's deadline, taking some pressure off CEO Elon Musk . This will reduce the costs of producing the Model Y , says Musk - further working towards the EV maker's goal to produce EVs at an affordable price. Read More »

Ghosn claims arrest was due to plot, treason at Nissan

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He went on to say that other Nissan executives forced him out with "plot and treason" and asserts that allegations about his financial misconduct were made with the "purpose of getting rid of me". Ghosn also called accusations by both Nissan and Mitsubishi that he received almost 8 million euros in improper payment through a Dutch-based joint venture of the two automakers "a distortion of reality", and argued his luxury residences in Rio de Janeiro and Beirut were approved by Nissan's legal ... Read More »

Unemployment figures not released by government: NITI Aayog VC Rajiv Kumar

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A report in Business Standard had said that the National Sample Survey Office's Periodic Labour Force Survey recorded the unemployment rate in India at a 45-year-high of 6.1% in 2017-'18. "6.5 crore youth were jobless in 2017-'18 alone". The data is significant because this was the first comprehensive assessment of India's employment situation conducted after Modi's decision in November 2016 to implement demonetisation overnight. Read More »

China: Huawei charges 'political'

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January 28: The U.S. Justice Department unseals charges against Huawei , Meng and several of the companies' subsidiaries, alleging not only violation of trade sanctions but also the theft of trade secrets. They also allege that Skycom, which in the indictment is referred to as " Huawei's Iran-based subsidiary", was used in a money-laundering scheme as a sort of cut-out to get around US sanctions on Iran. Read More »