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Cellphone Carriers Face $200 Million Fine for Not Protecting Location Data The Federal Communications Commission has approved a proposal to fine T-Mobile, AT&T and two other cellphone carriers more than $200 million for selling customers' location data to companies that allowed it to be misused by rogue law enforcement ...
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Wall Street expects at least a half-point Fed rate cut in March Goldman Sachs said it sees three rate cuts from the Federal Reserve from March through June to combat the negative economic impact from the coronavirus. Bank of America now sees a 50 basis point cut at the Fed's March meeting. "The committee will ...
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Chutes & Ladders—Viatris appoints Pfizer CFO Narula to C-suite Welcome to this week's Chutes & Ladders, our roundup of hirings, firings and retirings throughout the industry. Please send the good word—or the bad—from your shop to Kyle Blankenship, and we will feature it here at the end of each week.
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Trafigura forms venture with Phillips 66 for deepwater Texas oil port LONDON (Reuters) - Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 (PSX.N) to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing project.
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Hedge Market Volatility With Hedge Fund Investing In An IRA Hedge funds offer accredited investors investment opportunities outside of the normal mutual fund or ETF managed investment structure. Hedge funds are pooled investment funds with a much wider latitude in the way the manager invests the fund's assets.
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Walmart's new membership program can't beat Amazon Prime, experts say From thinking in silos to mixed messages, experts are skeptical about Walmart's yet-to-be-launched program. Walmart. Walmart is going to launch a membership program, but hasn't offered any details. Author photo. By ...
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Chesapeake Energy's stock target cut to zero at MKM Partners Shares of Chesapeake Energy Corp. appeared to stabilize Friday, a pause in the selloff that sent prices briefly into the teens, although MKM Partners analyst John Gerdes suggested it was still not too late to sell. The oil and natural gas company's stock CHK, ...
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Sanders proposal to raise these taxes could hit start-up workers The presidential candidate, along with Sen. Chris Van Hollen, D-Md. proposed new taxes on executive retirement plans, known as nonqualified deferred compensation. This proposal would also change the tax treatment on stock options for individuals ...
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PRECIOUS-Palladium slumps nearly 13%, gold up to 4.6% as precious metals join virus-led free fall (Updates prices). * Palladium facing its worst daily performance since 2008. * Palladium sheds about $390 from Thursday's record high. * Platinum on track for worst week since 2008. * Silver set for its biggest weekly decline since 2011. By Swati Verma.
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Fed's Powell says economy is fine but Fed ready to act as needed (Reuters) - Federal Reserve Chair Jerome Powell on Friday said the central bank will "act as appropriate" to support the economy in the face of risks posed by the coronavirus outbreak, though he said the economy remains in solid condition.
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Coronavirus update: 83861 cases, 2867 deaths, global events in question Over the past two days, several countries have reported their first cases of COVID-19, including Brazil, Georgia, New Zealand, and Norway. Getty Images. By. JaimyLee. Reporter. The rising number of COVID-19 cases and deaths outside of China has led to ...
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BMW, Porsche to debut new cars online after coronavirus outbreak cancels Geneva auto show The Geneva International Motor Show scheduled to start next week was canceled Friday over the coronavirus epidemic in Europe. BMW, Porsche and Bentley will host online press conferences instead of debuting their vehicles at the show. The Geneva auto ...
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These 6 Drug Companies are Testing a Coronavirus Vaccine As the coronavirus outbreak continues to spread, some of the biggest drug companies are moving closer to finding a vaccine. Biotech giant Gilead Sciences GILD is planning to administer its remdesivir drug to patients next month. Remdesivir is an ...
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New bill to legalize pro and college sports betting advances BOSTON (SHNS) – Adults in Massachusetts would be able to bet on professional and Division I college sports in person and through web or mobile apps under legislation released Friday by a legislative panel that's been studying sports betting for a year.
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This tiny electric car looks like a washing machine and costs just $6600 (CNN) French automaker Citroën has unveiled the Ami, a tiny electric car that's designed from the outset to be as cheap as possible. The car isn't very fast and it looks a bit like a washing machine, but it only costs €6,000, or the equivalent of about $6,600.
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Wells Fargo fined again. This time the bank owes $35 million over investment advice Just a week after Wells Fargo was hit with a $3 billion fine — one of the largest for a U.S. bank since the financial crisis — the Securities and Exchange Commission announced another settlement with the troubled bank over its sales practices. Following an ...
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Coronavirus Disruptions in China Beginning to Affect US Drug Supplies The FDA says that China's COVID-19 containment efforts have led one pharmaceutical company to warn of a looming supply-chain problem. Cory Renauer. (TMFang4apples). Feb 28, 2020 at 3:27PM. Author Bio. Cory is a long-term minded analyst focused ...
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Treasury Yields Keep Falling Because Safety Is the Flavor of the Month Treasury prices were on track for another steep rally Friday, with yields on the two-, three- and five-year notes all falling below 1%. Treasury prices were on track for another steep rally Friday, with yields on the two-, three- and five-year notes all falling below ...
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Fort Street Galley food hall closing abruptly in downtown Detroit After a little more than a yearlong run with frequent vendor turnover and a rebranding bid, Fort Street Galley in downtown Detroit is closing abruptly. The last day for the high-end food hall, which opened to much fanfare in December 2018, is today, the ...
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Smartphone Market Dips Due To Coronavirus: IDC Coronavirus or COVID-19 has adversely affected the businesses globally across sectors. International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, has forecast a decline of 2.3 per cent in 2020, with shipments over 1.3 billion.
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Google Worker Tests Positive For Coronavirus: Report An employee of Alphabet's (GOOGL) - Get Report Google operations in Europe tested positive for the coronavirus according to published reports Friday. The employee was working in the company's Zurich office, for several days before showing any symptoms ...
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Texas woman steals identity of Houston Rockets owner Tilman Fertitta, others A Texas woman was arrested this week after police said she stole the identity of several people, including that of Houston Rockets owner Tilman Fertitta. Stephanie Hunter, 27, was charged with one felony count of fraudulent use or possession of identifying ...
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Black ex-employee files discrimination suit against WeWork A black lawyer is suing WeWork for racial and sex discrimination for hiring her away from a lucrative job at Disney and then giving her a lower-paying role than she expected and passing her over for promotion, court papers say. Ayesha Whyte says WeWork ...
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Jeff Bezos' education philanthropy starts hiring for first tuition-free preschool in Seattle area Amazon CEO Jeff Bezos, the founder of Blue Origin, checks out postcards submitted by kids for spaceflight as part of his nonprofit Club for the Future campaign. (Jeff Bezos via Twitter). The educational philanthropy that Amazon CEO Jeff Bezos announced in ...
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Virus Impact On Global Economy Real Global stock markets seem to be in free fall this week, accompanied by bigger drops in energy prices, credit spreads shooting up, credit market seizure, junk bond sell-offs and U.S. rate collapses as people seek haven assets. The fear is reflected in one ...
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CVS and Walgreens warn there could be a shortage of hand sanitizer New York (CNN Business) US drug stores, retailers and suppliers are racing to keep up with surging interest for cleaning products as fears over coronavirus intensify. Demand for products like hand sanitizers, face masks and cleaning wipes has spiked, ...
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Supreme Court Decision on ERISA Statute of Limitations May Help Defendants Defeat Class Certification Believe it or not, the Supreme Court of the United States just decided whether "to have 'actual knowledge' of a piece of information, one must in fact be aware of it." The Court said "yes," and it was unanimous. Most non-lawyers (and even some lawyers) would ...
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Gold Joins the Virus Bloodshed With Biggest Slide Since 2013 It is an odd moment for gold to be tumbling. One of the oldest and most-trusted safe havens in times of crises, gold typically rallies amid nasty stock sell-offs like the one that has gripped the world this week. So its plunge Friday -- it fell as much as 5%, the most ...
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Mennonite accountant admits $60M Ponzi scheme to scam Mennonite and Amish investors A Mennonite accountant in Berks County admitted Thursday he ran a $60 million Ponzi scheme that preyed on Mennonite and Amish investors. Philip Elvin Riehl, 68, of Frystown, near Interstate 78, pleaded guilty to federal charges of wire fraud, securities ...
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New Muskegon health clinic CEO makes stunning announcement it won't close MUSKEGON HEIGHTS, MI – A health care clinic with mostly low-income patients that planned for closure at the end of March has made an about-face and plans to remain open, according to a news report. Dan Oglesby, a former mayor of Muskegon, was ...
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6 Sickened in Ill. in Multistate E. Coli Outbreak Linked to Jimmy John's Sprouts: IDPH According to the CDC, 14 cases have so far been reported in five states, including Iowa, Illinois, Missouri, Texas and Utah. Published 2 hours ago • Updated 2 hours ago. Getty Images. Six illnesses in Illinois are believed be connected to a multistate E. coli ...
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Tesla Model 3 — Only American Car In Consumer Reports' 2020 Top Picks February 28th, 2020 by Iqtidar Ali. Originally published on X Auto. The Tesla Model 3 is the only electric car, as well as the only domestic US model, that made it into the "10 Top Picks of 2020: Best Cars of the Year" list published by the Consumer Reports ...
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Will other grocers follow Amazon Go? The new checkout-free Amazon Go Grocery format holds both potential and challenge for the supermarket vertical. Since Amazon debuted its Amazon Go cashierless convenience store in January 2018, everyone has been waiting for the retailer to do ...
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Miller Lite cancels Leap Day promotion following fatal shooting at Milwaukee plant Miller Lite has canceled its free beer giveaway following a shooting at the company's Milwaukee plant that left six people dead. MINNESOTA WOMAN SPOTS MISSING DOG'S FACE PRINTED ON BEER CAN PROMOTING FLORIDA ANIMAL SHELTER.
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UPDATE 2-US Agriculture Dept to boost funds for biofuel infrastructure (Updates with AFPM statement). By Stephanie Kelly. NEW YORK, Feb 28 (Reuters) - The U.S. Agriculture Department will make available up to $100 million in grants to expand the infrastructure needed to sell more ethanol, biodiesel and other renewable ...
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Japan asks residents to stop hoarding toilet paper amid coronavirus fears Japanese officials tried to flush away "rumors" of a coronavirus-fueled toilet paper shortage in the country Friday, according to reports. Residents should quit stockpiling rolls because the country's supply is strong — despite reports that it has been nearly wiped ...
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Caesars Entertainment increasing resort fees at 4 Las Vegas Strip resorts LAS VEGAS (FOX5) -- Resort fees are increasing at four Caesars Entertainment properties on the Las Vegas Strip. Beginning Tuesday, March 3, resort fees will increase at Bally's Las Vegas, Flamingo Las Vegas, The Linq Hotel and Harrah's Las Vegas, ...
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McDonald's thrusts iconic Egg McMuffin into the spotlight McDonald's is putting its iconic Egg McMuffin back in a bright spotlight. The Chicago-based burger behemoth on Friday said it is unilaterally declaring March 2 as National Egg McMuffin Day. A McDonald's spokesman said of the move in a statement on Friday: ...
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After more than two years of development, American Airlines rolls out new uniforms More than 50,000 American Airlines employees will don new uniforms beginning March 2. The new uniforms, which are being produced by vendor Lands' End, come after a more than two-year process that was spurred by reported problems with previous ...
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Grand Ledge Names Co-Coaches To Replace O'Keefe Grand Ledge High School announced on Friday that longtime assistant Mike Rademacher and former Comet player Grant Householder will be co-interim head coaches for the upcoming high school baseball season. Rademacher and Householder will ...
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Occidental Posts Quarterly Loss on Impairment, Charges (Reuters) - Occidental Petroleum Corp reported a quarterly loss on Thursday, as the oil and gas producer took more than $1.7 billion in impairment and other charges. The company has been aggressively cutting costs by laying off staff and selling assets to ...
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Smart Doorbell Camera Market 2020-2024 | Use of Security Monitoring Systems to Boost Growth | Technavio Technavio has been monitoring the smart doorbell camera market and it is poised to grow by USD 2.75 billion during 2020-2024, progressing at a CAGR of 46% during the forecast period. The report offers an up-to-date analysis regarding the current market ...
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Berkshire Hathaway is the world's second-most profitable firm ON FEBRUARY 22ND Warren Buffett reported that the conglomerate he runs, Berkshire Hathaway, earned net income of $81.4bn in 2019. That makes Berkshire, America's biggest non-tech firm by market value, more profitable than any other company ...
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Bill Gates calls coronavirus a 'once-in-a-century' pathogen CHICAGO — Philanthropist Bill Gates on Friday urged wealthy nations to help low and middle-income countries strengthen their health systems in hopes of slowing the spread of the coronavirus, which Gates said has started to behave like a ...
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McDonald's Is Auctioning an 18k Gold Shamrock Shake Glass Yes, a Shamrock Shake Glass made of 18k gold, with diamonds, emeralds, and more. It's up for auction on e-bay 'til March 6th to celebrate the 50th Anniversary of the Shamrock Shake. On the e-Bay auction page McDonald's says,. "There are 50 green ...
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