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Facebook has admitted to investors that Libra may never launch This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. In its latest quarterly reports, Facebook said that, although it still intends to ...
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TV network titans sue Locast, a service that streams for free NEW YORK – The country's biggest TV networks – ABC, CBS, NBC and Fox – have sued Locast, a streaming service that transmits their broadcasts for free, in federal court in New York. The companies said in the suit, filed Wednesday, that Locast is violating ...
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Qualcomm drops on disappointing guidance Qualcomm reported revenue for its June quarter that was significantly lower than analyst expectations, as well as disappointing guidance for the September quarter on Wednesday. The stock dropped as much as 5% in after-hours trading. Here's how the ...
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Nordstrom family reportedly prepares proposal to increase stake in retailer A group of Nordstrom family members that own 31.2% of Nordstrom have been working on a proposal to increase their stake in the department store to more than half, The Wall Street Journal reported on Thursday. The family last year aborted talks to take the ...
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FOMC statement after July interest-rate cut The Federal Reserve on Wednesday cut a key U.S. interest rate for the first time in 11 years. The central bank issued the following statement after its vote. ***. Information received since the Federal Open Market Committee met in June indicates that the labor ...
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Arizona-based medical marijuana company lied about minority ownership, Ohio regulators say (Photo: Rob Schumacher/The Republic). COLUMBUS, Ohio – An Arizona-based medical marijuana company whose Ohio dispensary licenses are on hold by regulators is also facing scrutiny and delays for its cultivation and processing operations in the state.
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The Sky Isn't the Limit for Airbus The plane business is booming for European manufacturer Airbus. The only problem is that it can't make more of them. Airbus said Wednesday that operating earnings rose 72% in the second quarter from a year earlier, excluding one-off charges.
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Baby sleepers sold at stores including Target, Kmart, and TJ Maxx are being recalled over fears of infant deaths Disney and Eddie Bauer baby sleepers have been recalled over fears of infant deaths linked to similar products. The recall impacts about 24,000 sleepers sold from November 2014 through February 2017 at stores including Target, Kmart, Ross, Marshalls, ...
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Boeing supplier Spirit tops estimates despite MAX groundings (Reuters) - Spirit AeroSystems (SPR.N) beat Wall Street estimates for quarterly profit on Wednesday, as Boeing's (BA.N) biggest supplier continued to make and sell parts for the planemaker's grounded 737 MAX while demand for other aircraft held up. Spirit ...
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A beer lovers guide to West Michigan breweries GRAND RAPIDS, Mich. -Whether you're enjoying a craft IPA in Grand Rapids, or sampling a flight from your favorite brewery in Kalamazoo, West Michigan is a beer lover's paradise. No matter your destination, treat yourself to a cold one brewed locally in West ...
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Impossible Foods goes to the grocery store After receiving approval from the Food and Drug Administration, Impossible Foods has cleared the last regulatory hurdle it faced to rolling out in grocery stores. The company is targeting a September release of Impossible products to join its competitor Beyond ...
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Mustard ice cream now exists and it looks exactly like mustard Strange flavors of ice cream are nothing new — in the past few years, we've seen everything from savory spinach to fiery Flamin' Hot Cheetos. But a new brightly colored ice cream feels totally out of the box. That's because it looks like it should be squeezed ...
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Holiday Inn Will Stop Stocking Travel-Size Toiletries in Favor of Bulk-Size Bathroom Amenities InterContinental Hotel Group says its brands go through some 200 million small toiletries every year. By Hanna Flanagan. July 31, 2019 04:41 PM. FB Twitter More. Pinterest Email Print Send Text Message. cleanString caption. Farewell travel size, hello ...
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Oil rises as US crude supplies fall, market awaits US Fed rate cut Oil prices rose for a fifth day on Wednesday, supported by a larger-than-expected drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time in more than a decade. Continue Reading Below.
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Spotify revenue beats but adds fewer-than-expected paid subscribers (Reuters) - Spotify Technology SA's (SPOT.N) lighter-than-expected number of new paid subscribers drove shares as much as 5% lower in trading before the bell, overshadowing revenue, gross margins and user engagement successes in the second quarter.
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Fed Chair Jerome Powell says rate cuts are not a result of political pressure In a move that has a few people scratching their heads, the Federal Reserve announced on Wednesday its decision to cut interest rates by a quarter point to around 2.25 percent. Several economists and investors think the move lacks justification thanks to a ...
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Hyundai to Expand Child-Monitoring Systems to More Models by 2022 Hyundai will make a child-monitoring system standard on most new vehicles by 2022 to prevent kids from being left behind in hot cars, the automaker announced Wednesday, National Heatstroke Prevention Day. The safety feature, called the Rear Occupant ...
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CRTC's new ISP code of conduct deals with contracts, policies and pricing Canada's internet service providers will be required to abide by a new code of conduct imposed by the industry's federal regulator, which is giving them until Jan. 31 to prepare for the new rules. The Canadian Radio-television and Telecommunications ...
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The residential construction party is over. And the hangover looks severe Building materials group Adelaide Brighton could be the canary in the coal mine, revealing the toll of damages resulting from the turndown in residential construction, and the risks such a decline may pose to employment. The company's profit downgrade for ...
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Sensex, Nifty log worst July in 17 years amid worries of a further slowdown Mumbai: Indian equities were under severe selling pressure in July because of worries over a slew of budget proposals and a further slowdown in the economy. The benchmark index Sensex was down 4.86% and the Nifty slipped 5.69% in July, the sharpest ...
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Sony aims to control the temperature via your clothes Designers have been hard at work attempting to conquer new territory in the world of fashion: air-conditioned clothing. Now Sony has introduced a product into this sometimes humorous space, a smart-phone-sized device called the Reon Pocket that operates ...
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Federal Health Insurance Program to Restrict Opioids, Potential Social Security Changes for Some Feds, and More The Trump administration reportedly announced Monday that it will restrict federal employees' access to prescription opioids through the Federal Employees Health Benefits Program. The Associated Press reports that during a drug policy briefing, White ...
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Democratic Senator Brown Unveils Plan to Limit Stock Buybacks Sen. Sherrod Brown, a Democrat from Ohio, introduces plan to limit stock buybacks and create a "worker dividend." "If corporations want to transfer wealth to Wall Street, workers have to get a proportionate share of that wealth," Brown says at July 31 event in ...
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