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Marathon to change CEO, split after hedge fund campaign (Reuters) - Marathon Petroleum Corp (MPC.N) chief Gary Heminger will leave the company next year after almost a decade in charge, launching sweeping changes demanded by investors at the biggest U.S. refiner including the spinoff of its Speedway retail ...
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5 things to know before the stock market opens Thursday U.S. stock futures were largely pointing to a lower Thursday open on Wall Street after Bloomberg reported that Chinese officials have been casting doubt over the possibility of a long-term trade deal with the U.S. The S&P 500 was coming off another record ...
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Fiat Chrysler and Peugeot on course to create world's No.4 carmaker MILAN/PARIS (Reuters) - Fiat Chrysler (FCHA.MI) and Peugeot owner PSA (PEUP.PA) plan to join forces in a 50-50 share merger to create the world's fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.
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UK Wind Turbine Factory Faces 80% Staff Cuts, Highlights Turbulent Time For Industry Britain's only factory producing onshore and offshore wind turbines could lay off 80% of its staff, in a blow to the UK's ambitions to become a world leader in wind energy development. Yesterday the Korean-owned CS Wind factory near Campbeltown in ...
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Eurozone economy grows at modest pact in third quarter FRANKFURT, Germany — The 19-country eurozone economy grew at a subdued pace in the third quarter, continuing a shaky upswing amid trade disputes and uncertainty over Brexit. At the same time, weaker inflation figures cast a shadow over the outlook ...
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Kraft Heinz stock jumps on earnings beat Kraft Heinz on Thursday reported quarterly earnings that topped analysts' expectations. Shares of the company jumped 6.7% in premarket trading. Shares in the company, which has a market value of $34.8 billion, are down by about 33% so far this year, as of ...
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'She gets stuff done': Why Criteo tapped a Nielsen vet to turn around its business For years, France-based Criteo was the darling of publicly-traded ad tech companies. The poster-child of retargeting, it consistently outperformed its publicly-traded at tech peers as retailers poured ad spend into the company's performance ad platform.
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Altria, Owner of Philip Morris, Cuts the Value of Its Juul Stake by $4.5 Billion The tobacco giant Altria Group said Thursday that it had written down its investment in the vaping company Juul Labs by $4.5 billion, a move that reflects the deepening turmoil in the e-cigarette industry. Altria, which is one of the world's largest tobacco ...
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Hong Kong Has Officially Entered Recession, But Its IPO Market Is Now the World's Best Hong Kong officially entered recession on Wednesday as it rounded out its fifth consecutive month of antigovernment protests. Tourist arrivals dropped 50% year-on-year in the first half of October and gross domestic product reached its worst performance ...
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Carpetright looks to biggest shareholder for £80m sale to stay afloat Carpetright is in talks about a cut-price £15m sale to its biggest shareholder as the specialist retailer said it needed to raise £80m to stay afloat. Meditor, a British hedge fund headed by former Old Mutual banker and poker player Talal Shakerchi, already owns ...
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Uber Files Lawsuit Against Skokie Over New Ride-Hailing Tax Uber is suing the village of Skokie to challenge a tax on ride-hailing services recently passed by the village. The four-count suit, filed Wednesday in Cook County Circuit Court, claims Skokie's tax violates the Illinois constitution and asks the court to block the ...
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Royal Dutch Shell plc Shell Announces The Next Tranche Of The Share Buyback Programme TIDMRDSA October 31, 2019 Royal Dutch Shell plc (the 'company') today announces the commencement of trading in the next tranche of its share buyback programme previously announced on July 26, 2018. In the next tranche, the company has entered ...
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Dow Futures Slide After Report Casts Doubt on US-China Trade Talk Progress Wall Street futures turned lower Thursday, pulling the S&P 500 back from record highs, after a report suggested China is growing increasing doubtful it can reach a comprehensive near-term trade agreement with the United States. Bloomberg reported that ...
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Popeyes going up at site of Big Jake's in Van Buren Popeyes Louisiana Kitchen has more than its chicken sandwich returning. Van Buren, once home to a Popeyes at 2304 Fayetteville Road — the current location of Starbucks — will have an entirely new Popeyes restaurant built soon on the former location of ...
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Sensex closes off record high, Yes Bank gains by 23 pc Equity benchmark indices ended higher on Thursday but off the day's high after Sensex touched a fresh record high of 40,392 in intraday trading session. The market mood was positive amid optimism in global markets after the US Federal Reserve cut interest ...
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What is Team Trees? The climate change campaign backed by Tobi Lutke, Elon Musk and more Entrepreneurs have backed it. CEOs have supported it. YouTube stars are also getting behind the idea. An online challenge started by a social media star in May, 'Team Trees' has raised millions in just a few days. But what exactly is #TeamTrees and why is ...
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Encana moving to the US, changing name amid Canadian pipeline crunch Encana Corp. will shift base to the United States and become Ovintiv Inc., the Canadian oil and gas producer said on Thursday, as Canada faces pipeline capacity shortages that have led many companies to move from the country's energy sector.
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Opening Quote: Lloyds' profits all but wiped out by final PPI claims One thing before we start: the main news this Thursday morning is outside the City. For details on the latest car mega-merger, which would see the owner of Peugeot and Vauxhall tie up with Fiat-Chrysler, there's more below and even more here. For now ...
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Facebook Agrees to Pay $643000 Fine Over Cambridge Analytica Scandal Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain's information rights regulator said on Oct. 30. Facebook CEO Mark Zuckerberg has ...
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Apple's 'Pro' Products May Be a Cash Grab, But Analysts Say They're What Customers Really Want For years, Apple has been expanding the number of products it sells by offering "Pro" versions with additional features and higher price tags. But what's driving Apple's decision-making, profit-padding dollars or consumer-centric sense? On Monday, Apple ...
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