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Peloton Is Unfit For Fiduciaries One of the greatest beneficiaries of the COVID-19-related disruptions have been home fitness equipment companies. Long term, the fitness market may be forever changing, but this firm's first-mover advantage is over. Future revenue and profit growth are ...
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Walmart signs trio of drone deals as it races to play catch-up with Amazon Walmart has struck deals with three drone operators to test how the technology could be used for on-demand deliveries and to help it better compete with Amazon. It is testing different drone uses, from dropping off groceries to delivering Covid-19 at-home test ...
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US oil deals sluggish despite Chevron, Devon boost: Enverus (Reuters) - The pace of mergers and acquisitions in the U.S. oil and gas sector during the third quarter tied with the first quarter for the worst in a decade, according to data released on Monday, as most shale producers remain reluctant to spend after an oil ...
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US service economy grows again in September, ISM finds, and employment turns positive for first time in seven months The numbers: The huge service side of the U.S. economy — retailers, restaurants, banks, hospitals and the like — expanded in September for the fourth month in a row and employment also grew for the first time since the pandemic began, a survey business ...
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Venmo launches its first credit card, offering up to 3% cash back, personalized rewards Last October, Venmo announced it would launch its first credit card sometime in 2020. Today, the PayPal-owned company is making good on those promises with the debut of the Venmo Credit Card, initially rolling out to select customers. The Visa card offers ...
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Nvidia Wants To Bring New BlueField DPUs To 'Every Server' The GPU juggernaut is introducing a new type of processor backed by VMware and Red Hat that offloads hypervisor functionality from the CPU to improve data center economics and introduce new security and management capabilities. 'We believe that the ...
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Bristol-Myers Squibb to Acquire MyoKardia for $13.1B, Expanding Cardiovascular Franchise Bristol-Myers Squibb (BMS) has agreed to acquire MyoKardia for $13.1 billion cash, the companies said today, in a deal designed to expand the buyer's cardiovascular drug portfolio with a potential blockbuster for a form of chronic heart disease for which ...
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Norwegian cancels cruises through November, well past the CDC order set to expire Nov. 1 Norwegian isn't the only member of the big three cruise companies to cancel cruises beyond the restart date. On Oct. 1, Carnival Cruise Line announced it was scrubbing all remaining 2020 cruises except those sailing out of its home ports in Florida, and said ...
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Amazon-backed food delivery unicorn Deliveroo reportedly picked Goldman Sachs for a 2021 IPO Uber Eats rival Deliveroo is moving further along the IPO process, picking Goldman Sachs as lead bankers for a possible IPO, Sky News reported. A source confirmed to Business Insider in September that Deliveroo was exploring a float. Sky News reports an ...
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An exploding airbag car causes 17th death in the US (CNN) A motorist died after faulty airbag inflators in their 2002 Honda Civic ruptured, Honda confirmed. It's the 17th death in the US caused by a Takata airbag. The crash occurred in late August in Mesa, Arizona. Airbag inflators on the driver's and passenger's ...
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Exxon Mobil's investment plan adds millions of tons of carbon output, documents reveal (Bloomberg) --Exxon Mobil Corp. has been planning to increase annual carbon-dioxide emissions by as much as the output of the entire nation of Greece, an analysis of internal documents reviewed by Bloomberg shows, setting one of the largest corporate ...
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Cramer on McDonald's: 'The kind of stock you want to own between here and year-end' (This story is for CNBC PRO subscribers only.) McDonald's has lagged the broader market over the last year, but "Mad Money" host Jim Cramer said Monday that he's bullish on the restaurant chain, calling it a "very high quality company." ...
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Tesla's stock bounces, as long-time bearish analyst at JP Morgan lifts price target There are two analysts with lower price targets, AlgoSun Global's Andrei Zakharov at $60 and GLJ Research's Gordon Johnson at $19. The average target of the analysts surveyed by FactSet is $333.13, or 19.7% below Friday's closing price.
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FedEx exec Richard Smith on the array of vaccine unknowns FedEx Express EVP and regional president of the Americas Richard Smith isn't sure he ever de-winds; he's just not wired that way. "You ever met my father [FedEx CEO, chairman, and founder Fred Smith]? You might think that's genetic," he said. "He's just a ...
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Papa John's names new chief financial officer Papa John's International Inc. has named a new chief financial officer. Ann Gugino, formerly senior vice president of financial planning and analysis at Target Corp., has taken on the role, effective today, Oct. 5. Steve Coke, who has been serving as interim ...
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Microsoft Plans $1 Billion Data Center Venture in Greece ATHENS, Greece (AP) — Microsoft has announced plans to build three data center sites in greater Athens, providing a badly needed investment of up to $1 billion to the Greek economy which has been hammered by the pandemic. The news was announced ...
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IQiyi says internal review found no evidence to substantiate short seller's fraud allegations Chinese streaming-video company iQiyi Inc. IQ, +1.66% announced Monday that it had "substantially completed" its internal review into allegations made by short seller Wolfpack Research and that the review "did not uncover any evidence that would ...
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Alberta's TC Energy Offers to Buy Rest of US Pipe Business TC Energy Corp. offered to buy all the shares of TC PipeLines LP it doesn't already own for about $1.48 billion, the latest move to eliminate a master limited partnership structure, a corporate structure once popular in the U.S. pipeline industry. Investors would ...
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London transport regulator refuses licence to Ola, citing passenger safety BENGALURU (Reuters) - London's public transport authority said Indian ride-hailing company Ola was not "fit and proper" to hold a licence, having put passenger safety at risk and refused to grant one to the taxi app, days after Uber received a green light in ...
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Yowzers! Mastronardi Produce adds red chili pepper to Sunset line Kingsville, Ontario-based Mastronardi Produce is adding more heat to the Sunset lineup with Yowzers! Set to hit retail shelves in early 2021, the Yowzers! red chili pepper joins the Sunset heat-heavy lineup of pepper products, including Shazam! shishito ...
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Shake Shack is planning for an Oct. 5 opening in Madison The popular burger chain Shake Shack plans to open its Madison location Monday at Hilldale. A spokeswoman for the company said Madison's location will be its 300th Shack. The burger, hot dog, custard and shake chain will be in a location that for 10 years ...
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Facebook says government breakup of Instagram, WhatsApp would be 'complete nonstarter' A government effort to break up Facebook Inc. from Instagram and WhatsApp would defy established law, cost billions of dollars and harm consumers, according to a paper company lawyers have prepared in the wake of rising antitrust legal threats. Continue ...
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Shares of Corvus jump on additional data from small Phase 1 trial for COVID-19 treatment Shares of Corvus Pharmaceuticals Inc. CRVS, -0.24% gained 39.1% in premarket trading on Monday after the company shared additional interim details from a very small, early-stage clinical trial that indicates its experimental immunotherapy could produce ...
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Here are some of the most interesting items at the Cheers auction While the original Beacon Hill location of Cheers remains intact, the closure of its Faneuil Hall counterpart, Cheers Replica Bar, on August 30 was a shock to those who equated the household name with a Boston landmark. "Cheers Replica Bar has had a ...
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ESG investing looks like just another stock bubble By Jared Dillian The asset-management industry has been struggling for a while, but one category continues to attract assets: ESG, which screens companies for environmental, social and corporate governance factors. Put another way, it seeks to identify ...
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Tesla Model 3's driver-facing camera 'does more than just monitor passengers' Live. New Autopilot feature will let Tesla cars handle red lights and stop signs. Watch Now. A hacker has revealed the key events that the Model 3's driver-facing camera is designed to detect – and it appears to do much more than Tesla CEO Elon Musk has so ...
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UK's Health System Aims to Be World's First with Net-Zero Emissions The NHS plans to invest in electric ambulances and cut emissions from its medicines to reach its 2045 goal. By. Todd Gillespie. October 5, 2020, 6:45 AM PDT. U.K.'s Health System Aims to Be World's First with Net-Zero Emissions. The NHS plans to invest in ...
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Lundin increases bet on Arctic oil Lundin Energy, one of Europe's largest independent oil companies, has increased its bet on the Arctic by acquiring stakes in several prospects in the Norwegian Barents Sea. Nick Walker, the company's chief operating officer who will ...
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Worcester gas prices rise 1 cent per gallon WORCESTER — Worcester gas prices rose 1.1 cents per gallon in the past week, averaging $2.06 on Monday. According to GasBuddy price reports, the cheapest station in Worcester was priced at $1.75 Monday while the most expensive was $2.39, ...
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Bob Reed, Veteran Wall Street Recruiter for Traders, Dies at 51 Bob Reed, the veteran Wall Street recruiter who co-founded Options Group, has died. He was 51. Reed died Sunday, according to Mike Karp, his co-founder at Options Group. The executive suffered from glioblastoma, a deadly type of brain cancer that is ...
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Weir Group agrees to sell oil and gas division to Caterpillar Engineering business Weir Group on Monday agreed to offload its struggling oil and gas equipment division to Caterpillar of the US, prompting a surge in the company's share price. The FTSE 250 group is selling the unit for £314m in cash as ...
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Mutual Fund NFO: Aditya Birla Sun Life launches Special Opportunities Fund – Check details The fund focussed on special opportunities emerging from special situations such as corporate restructuring, management change, tech disruptions, Atmanirbhar Bharat etc. Mutual Fund NFO, Aditya Birla Sun Life Special Opportunities Fund, New Fund Offer,.
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Everything you need to know about the last day to register to vote in Ector County ECTOR COUNTY, Texas — Elections offices across the country are gearing up for a one-of-a-kind COVID election season. And in Texas, today is one of their busiest days of the year. The last day to register to vote. "It's very easy. Doesn't take very long to fill ...
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Why term insurance is best bet for those seeking life cover Term plans in fact are known as the most straightforward risk protection plans, with higher sum insured at cheaper premiums. term insurance, COVID-19, millennials, secure future, ULIP, Unit-. The battle against COVID-19 will be raging for months if not years, ...
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Over 200 Allina health care workers go on strike in Twin Cities MINNEAPOLIS (FOX 9) - After months of unresolved contract negotiations, some Allina health care workers in the Twin Cities went on strike Monday morning. More than 200 workers walked off the job at Abbott Northwestern Hospital in Minneapolis and St.
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EQT Real Estate II closes at EUR1 billion hard cap EQT has held the final close of the EQT Real Estate II fund at its hard cap of EUR1 billion in fee-paying assets under management. Demand from both existing and new investors was robust, with commitments into the Fund coming from a diversified group of ...
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TCS m-cap surpasses ₹10-lakh-crore mark; 2nd Indian firm to do so NEW DELHI : Tata Consultancy Services (TCS) on Monday became the second Indian firm after Reliance Industries to attain a market valuation of more than ₹10 lakh crore helped by a rally in its share price. In the morning trade, the stock jumped over 6 per ...
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Newlat Foods confirms bid for Hovis Italy's Newlat Foods has confirmed its proposed acquisition of Hovis, following a Sky News report flagging the move, claiming a successful bid would enable it to reach sales of €1bn within 24 months. In a statement, the Italian company said it was competing ...
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206 new jobs in seven IDA Ireland companies nationwide Seven high growth companies have today announced the creation of 206 jobs in Dublin, Kildare, Sligo and Cork. The investments are supported by the Government through IDA Ireland. Eliatra, an IT Services and Solutions company that is focused on big data ...
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Teachers can get free flights to anywhere in the world with Qatar Airways – but you've got to be quick to claim TEACHERS can now blag themselves free flights to anywhere in the world, as well as 50 per cent off for a friend or family member. Qatar Airways launched the Thank You Teachers offer today - but you have to be quick. Qatar Airways are giving away 21,000 ...
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New Lotus Lambda SUV could arrive before the end of the year The new Lotus Lambda SUV could arrive before the end of the year, after being in the works for five years. AFTER recently celebrating the 25-year anniversary of the brands world-renowned, Elise, Lotus will be hoping to experience as much success with this ...
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Covid-19: Government launches £238m scheme for jobseekers Jobseekers will be offered coaching and advice on moving into "growing sectors" as part of a £238m employment programme, the government has said. Job Entry Targeted Support is aimed at helping those out of work because of Covid-19 for three months.
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Norway's Equinor shuts four oilfields as strike expands Energy major Equinor shut four of its Norwegian offshore oil and gas fields on Monday as its workers expanded their strike, a company spokesman told Reuters. Two more fields operated by Neptune Energy and Wintershall Dea also face likely shutdowns on ...
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DTE pledges $13 million to help customers during pandemic DETROIT, Mich. (WILX) - DTE expects to help nearly 40,000 of its most vulnerable customers keep their energy flowing during this challenging time through donations to human service agencies and direct relief. DTE's donation to human service agencies will ...
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Airbnb blocking Halloween reservations amid pandemic (CNN) -- Airbnb is trying to ensure that no customers rent houses to throw Halloween parties. The company is banning one-night reservations over the Halloween weekend for all listings in the US and Canada. Previously booked reservations meeting that ...
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Travelers to the Bahamas can bypass quarantine from November Visitors to the Bahamas will no longer have to quarantine upon arrival as the government prepares to introduce new pre-travel regulations. From November 1, visitors to the islands of the Bahamas will no longer have to quarantine provided they test negative ...
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