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Berkshire investment in Occidental is unusual for the normally 'friendly' Buffett Berkshire Hathaway's deal to put cash into Occidental Petroleum is classic Warren Buffett, but it is also unusual in that Berkshire is assisting what could be viewed as a hostile takeover bid, something it has mostly shied away from in the past. Berkshire and its ...
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Facebook Gets a New Look: Less Blue, More Groups Facebook Inc. FB -0.21% rolled out a substantial redesign of its website and mobile app, geared partly toward steering users to participate in more group conversations as the company strives to reduce abusive content and the scrutiny resulting from it.
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FDA clears Philip Morris' iQOS, paving the way for Altria to sell the heated tobacco device in the US The Food and Drug Administration has cleared Philip Morris International to sell its heated tobacco product, iQOS. Philip Morris had submitted two separate applications with the regulatory agency, one simply to sell the device, which heats tobacco rather than ...
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Alphabet Shares on Track for Worst Day Since 2008 Investors sent shares of Google parent Alphabet Inc. GOOGL -8.17% falling toward their worst day in 10 years, punishing the stock after its quarterly results signaled growth is slowing at the search-engine giant. The shares fell as much as 8.6% shortly after the ...
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Trump calls on Fed to cut rates by 1% and urges more quantitative easing President Donald Trump, in his most brazen attack yet on the Federal Reserve, called for the central bank on Tuesday to cut interest rates by 1 percentage point and to implement more money-printing quantitative easing. In a two-part tweet, the president ...
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US Stock Indexes Slip on Mixed Earnings; Alphabet Tumbles Major U.S. stock indexes were mostly lower in afternoon trading Tuesday as investors sized up a mixed batch of corporate earnings reports. Google's parent company, Alphabet, led a slide in communications services stocks after the search giant reported a ...
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UPDATE 2-Bank of Canada chief sees economy starting to shrug off headwinds later this year (Adds comments by Bank of Canada governor, details, background). By David Ljunggren. OTTAWA, April 30 (Reuters) - Bank of Canada Governor Stephen Poloz on Tuesday said that while the Canadian economy currently faced some headwinds, there was ...
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Bacon, Donut Sticks, and Delivery Drive a Solid Quarter for McDonald's Bacon makes it better. That was the message from McDonald's (NYSE:MCD) as bacon, donut sticks, delivery, and a tech acquisition all drove growth for the fast-food giant in the first quarter. The world's biggest fast-food chain said Tuesday morning that global ...
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Starbucks Adds Hot Pink Dragon Drink to Menu Starbucks may have blocked watching pornography on its Wi-Fi, but it's embracing less tawdry Frappuccino Porn, which the company hopes will star on Instagram this summer. The social media-savvy coffee giant Tuesday announced the return of three ...
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JPMorgan tweet is a reminder that its personal finance advice is worthless Apparently mistaking itself for a stand-up comic — or perhaps a granite-and-mortar version of Suze Orman — JPMorgan Chase took to Twitter on Monday to offer customers some jokey personal finance advice. Our advice to JPMorgan: Stay off Twitter.
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Docker updates focus on simplifying containerization for developers Over the last five years, Docker has become synonymous with software containers, but that doesn't mean every developer understands the technical details of building, managing and deploying them. At DockerCon this week, the company's customer ...
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General Electric Beats Q1 Earnings Estimate, Confirms Full-Year Forecast General Electric (GE - Get Report) posted stronger-than-expected first quarter earnings Tuesday, and confirmed its full-year guidance, as new CEO Larry Culp moves towards steadying the financial fortunes of the former Dow component. General Electric said ...
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Vodafone Found Vulnerabilities in Huawei Equipment European carrier Vodafone Group VOD -0.19% PLC confirmed it uncovered vulnerabilities in equipment made by Huawei Technologies Co. in 2011 and 2012, in a setback for the Chinese tech giant as it tries to fight off U.S. claims that its gear poses a security ...
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Altice USA buys digital news network Cheddar for $200M Cable television provider Altice USA has confirmed plans to pay $200 million for the millennial-focused, digitally-native news network Cheddar in all-cash, or all-cheddar, rather, deal. The price tag comes at a 25 percent premium to the media startup's $160 ...
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These 9 hedge fund managers made an insane amount of money in 2018 The top hedge-fund managers hauled in major paydays in 2018, according to Institutional Investor's annual "Rich List." These fund managers were big winners despite the fact that a majority of hedge funds lost money in 2018. The top nine earners are ...
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Fanny-pack Crocs are ridiculous, but also part of why the brand is thriving It's doubtful anyone was asking for Crocs with a fanny pack attached, yet those very shoes are one of the latest releases from the maker of foam clogs. The fanny-pack Crocs have been picking up bemused coverage from a variety of news outlets, mostly ...
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Transcript: What's the beef with McDonald's paper straws? This is a transcript of What's the beef with McDonald's paper straws? as first broadcast on 26 April 2019. Presented by Beth Rose. BETH - It probably hasn't escaped your notice that climate change is one of 2019's hot topics. We've had pink ships anchored of ...
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Smart no more: Why the end of the Fortwo has been a long time coming Daimler's Smart brand has announced that it's pulled the plug on the U.S. sales of its only model, the Fortwo, which went all-electric just one model year ago. The decision, according to Mercedes-Benz USA, holds for both U.S. and Canadian markets and has ...
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Land Rover's New Defender Hits the Slopes of Kenya to Test Its Mettle Jaguar Land Rover's revamped Defender sport utility vehicle is headed for the rugged slopes of Kenya to tow heavy loads and wade through rivers before the resurrected icon goes on sale next year. Testing of the prototype will take place in the Borana ...
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REFILE-UPDATE 2-Weak British hotel demand hurts Whitbread after Costa sale (Fixes wording in headline). * Company sees weakness in core UK market. * Has sold Costa coffee chain to Coca-Cola. * Plans to expand Premier Inn hotels in Germany. By Sangameswaran S. April 30 (Reuters) - Premier Inn owner Whitbread Plc , which has ...
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Beyond Meat will now offer 9.5 million shares in IPO, priced at higher range of $23 to $25 each Beyond Meat, the maker of plant-based meats, has increased the size of its planned initial public offering and raised the price range, indicating a strong investor reception to the deal. The company said in a regulatory filing that it now plans to offer 9.5 million ...
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Air Transat shares soar 43% after airline says sale of company is possible Shares of Transat AT Inc. soared more than 40 per cent Tuesday after the tour and travel company announced preliminary talks regarding the possible sale of the company. On the Toronto Stock Exchange, shares of the parent company of Air Transat, gained ...
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Combined Ingersoll Rand, Gardner Denver corporate operations will be in North Carolina The corporate operations of the combined Gardner Denver and Ingersoll Rand industrial segment will be located in Davidson, North Carolina, the companies said Tuesday. Gardner Denver and Ingersoll Rand announced plans to merge the currently ...
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Exide Q4 profit up 11% at Rs 211 crore KOLKATA: Battery maker Exide Industries on Tuesday reported a 11.05 % rise in net profit for the fourth-quarter (Q4) of the financial year 2018-19. The company reported a net profit of Rs 211 crore for the quarter ended March 31, 2019, compared to Rs 190 ...
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Moosehead Breweries high on cannabis-infused drink deal Brewery announces joint venture with Sproutly Canada to develop line of non-alcoholic 'rapid onset' beverages. Bobbi-Jean MacKinnon · CBC News · Posted: Apr 30, 2019 2:06 PM AT | Last Updated: April 30. Andrew Oland, CEO of Moosehead Breweries, ...
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Imperial to sell premium cigar business to cut debt (Reuters) - British tobacco group Imperial Brands plans to sell its global premium cigar business as a part of a divestment plan to cut debt and reinvest the money to further growth. The maker of Davidoff, Parker & Simpson and Gauloises Blondes cigarettes ...
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Tesla plans to revive solar business by undercutting everyone with <$2 per watt systems Tesla is planning to revive its solar business, which has been plummeting over the last year, by undercutting the competition with much lower prices under $2 per watt achieved by involving the customer in the quoting process.
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NCLAT sends RCom back to insolvency Reliance Communications (RCom) is headed back to insolvency proceedings after an appellate tribunal vacated a stay on such proceedings it had granted in 2018. RCom had paid Rs 550 crore dues, plus interest, totalling Rs 576 crore, under threat of jail for ...
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Trump Enters His Comfort Zone: Suing the Hell Out of Everyone As the Democrats controlling the House of Representatives grow more comfortable with their power to investigate, President Trump is leaning on the same tactic he favored for decades as Shady Real Estate Developer Trump: filing lawsuits. The latest came ...
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Ionia Co. man wins Mega Millions drawing PEWAMO, Mich. (WOOD) — An Ionia County man won a $1 million prize from the Michigan Lottery this month. Thomas Heckman's Mega Millions ticket matched the five balls drawn on April 5 with the numbers 08-22-24-38-64. The 73-year-old man purchased ...
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