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Apple found to be 'in breach of EU competition law' following Spotify antitrust complaint Apple is under fire in Europe. Jaap Arriens/NurPhoto via Getty Images. The European Commission has found Apple to be in breach of EU competition law in its preliminary findings of an investigation into the company's App Store. The Commission outlined its ...
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India demand fears, weak Japan crude imports knock oil prices 2% NEW YORK (Reuters) - Oil prices were down 2% on Friday, falling from six-week highs as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have soared. U.S. crude ...
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Soaring lumber prices add $36000 to the cost of a new home, and a fierce land grab is only making it worse "We have seen, over the last four or five months, what I have never seen in my career before, is lumber to move to the level it has," said Sheryl Palmer, CEO of Taylor Morrison Home.
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What should you drive for a summer road trip? The benefits (and drawbacks) of RVs, rental cars and other options Lucas Travis is renting a car – specifically a "rugged" SUV. He'll need it. He plans a week-long road trip across Alaska in July. "I would love to venture ...
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Opinion: Why giving felons a second chance is the key to economic prosperity for America The Fed's labor-market intentions are rooted in sound economics. The long-term growth potential of any economy is a function of workforce growth and productivity gains. Our central bankers clearly want to use monetary policy to foster tight labor markets.
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Roger Williams Medical, Fatima Hospital owner withdraws hospital conversion application As part of the regulatory review process, the attorney general was to release a report Friday that would have detailed owner Prospect Medical Holdings' financial health. Instead, the review now ends. By Alexa Gagosz Globe Staff,Updated April 30, 2021, 10:54 ...
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Electric Car-Charging Business Is Doing Everything But Making Money President Joe Biden's plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit.
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Fed's Kaplan warns on 'imbalances,' wants to talk taper Dallas Federal Reserve Bank President Robert Kaplan on Friday called for beginning the conversation about reducing central bank support for the economy, warning of imbalances in financial markets and arguing the economy is healing faster than expected.
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Big Oil Is Boosting ETF Returns and ESG Funds Are No Exception Several green ETFs hold stakes in large oil and gas producers, with higher crude prices meaning potentially better earnings. By. Claire Ballentine. April 30, 2021, 4:41 AM PDT. Chevron CFO on Dividend, Oil Demand, Industry Consolidation ...
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ByteDance CFO assumes role as new TikTok CEO Eight months after former TikTok CEO Kevin Mayer quit in the midst of a full-court press from the Trump administration against the Chinese-owned social media giant, TikTok finally has a new permanent leader. ByteDance's recently-hired CFO Shouzi Chew ...
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Boeing says it fired 65 employees for racist, discriminatory conduct (Reuters) - Boeing Co said on Friday it fired 65 employees over the last year for engaging in or being part of racist, discriminatory or hateful conduct. In a company-wide report that reveals the first demographic breakdown of its workforce, the planemaker said ...
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UAW wants EV tax incentives revised to require US assembly General Motors Co announced Thursday it would invest $1 billion in its Mexico operations and begin building EVs there in 2023. Representative Debbie Dingell, a Michigan Democrat, said "electric vehicles must be built here in ...
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Telecom Groups Sue to Block New York Low-Cost Broadband Law Telecom industry groups representing AT&T Inc. and Verizon Communications Inc. sued to block a New York law that requires internet service providers to offer high-speed broadband service to low-income customers at a discount. The state enacted the ...
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GM CEO Barra earns $23.6 million in 2020, topping 2019 compensation General Motors CEO Mary Barra took home more than $23 million in total compensation for 2020, about $2 million more than she did in 2019 despite company-wide pay deferrals last year amid the COVID-19 pandemic. Barra was again the highest paid of the ...
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Burger King parent's earnings beat estimates as systemwide sales top 2019 levels Jose Cil, CEO of Restaurant Brands International, speaks during an interview with CNBC on the floor at the New York Stock Exchange, November 6, 2019. Brendan McDermid | Reuters.
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Universal Logistics Reports Record Q1 Earnings Universal Logistics Holdings Inc. reported April 29 record highs for the first quarter of 2021. The Warren, Mich.-based asset-light transportation and logistics company reported consolidated net income of $21.7 million, ...
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Ransomware task force unveils broad manifesto for fighting back The 81-page report, titled Combatting Ransomware: A Comprehensive Framework for Action, gives enterprise defenders their first structured standardized guidance for ransomware defenses. The project began in January 2019 and was organized by the ...
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NorthShore Ranked Among Nation's Top Teaching Hospitals EVANSTON, IL — NorthShore University HealthSystem has been ranked among the nation's best hospitals in the latest rankings from Fortune/IBM Watson Health. Rankings released this week show NorthShore taking the No. 10 spot among the best teaching ...
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As city mulls re-upping with ComEd, Lightfoot administration seeks information from possible electrical providers Mayor Lori Lightfoot has put out a new request for information from potential electrical providers as she evaluates whether to sign a new deal with ComEd, the city said. The city is seeking responses, for the first time since 1992, from potential electrical ...
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Schneider Electric Recognized on the Forbes America's Best Employers in Diversity 2021 List The award recognizes the company's commitment to building a diverse and inclusive culture that welcomes and respects individuals from all walks of life, ages, and cultures. "In order to lead in the markets where ...
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Roku yanks YouTube TV app from channel store amid Google contract clash Companies have struggled to reach a new distribution agreement, with Roku charging that Google is requesting 'anticompetitive' terms. New users won't be able to access to YouTube TV app from Roku's store amid a contract dispute with Google. Roku.
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Protecting 5G Networks Requires an Integrated, Holistic Security Approach As the digital threat landscape expands and poses new security threats, organizations are turning to digital innovation to meet their rapidly changing security needs. Many organizations are adopting multiple digital innovations, including 5G. However, with the ...
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Charter Just Reported Earnings. Here Are the Numbers You Need to Know. Charter Communications ' broadband internet growth continued in the first quarter, although at a slower pace than earlier in the pandemic. Americans have doubled down on their home-internet connections over the past year, adding new services or ...
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AstraZeneca Reveals Covid-19 Vaccine Sales. That Isn't Why the Stock Is Rising. AstraZeneca stock jumped 3.4% in early trading on Friday, as the U.K.-Swedish drug company reported better-than-expected earnings, led by its blockbuster cancer drugs. Chief Executive Pascal Soriot expected the Covid-19 impact to reduce in the months ...
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Today's Mortgage Refinance Rates -- April 30, 2021: Rates Tick Up The average 30-year mortgage refinance loan rate today is 3.277%, up 0.009% from yesterday's average of 3.268%. A mortgage refinance loan at today's average interest rate would cost you $437 per $100,000 borrowed. During your entire loan repayment ...
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Ortitay calls for investigation into COVID-19 contact tracing data release Employees of a vendor paid to conduct COVID-19 contact tracing in Pennsylvania may have compromised the private information of at least 72,000 people, including their exposure status and their sexual orientation, the state Health Department said Thursday.
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Ethereum Is a Much Better Long-Term Crypto Investment Than Bitcoin A concept image of mining an Ethereum (ETH) token. Source: Shutterstock. In the last month alone, ETH is up 60% from $1,691 to $2,730, as of April 28. By contrast ...
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This week's shortage: pool chlorine The chlorine shortage is widespread and it will likely worsen — driving chlorine prices even higher — as homeowners start to prep swimming pools for the season. CNBC spoke to pool industry insiders in multiple states — including Florida ...
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March US incomes surge as relief rolls out, spending jumps WASHINGTON (AP) — U.S. consumer spending rose at the fastest pace in nine months while incomes soared by a record amount in March, reflecting billions of dollars in government support payments aimed at putting the country firmly on the road to ...
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Columbia Sportswear hires SVP of omni-planning and fulfillment Dive Brief: As more brands adapt their operations to meet consumer demand, Columbia Sportswear has hired Emily Rompala to serve in the newly created position of senior vice president of omni- ...
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Pfizer, BioNTech seek EU's OK to use COVID vaccine on kids LONDON (AP) — Pfizer Inc. and BioNTech have submitted a request to the European drug regulator for the approval of their coronavirus vaccine to be extended to include children 12 to 15 years old, in a move that could offer younger and less at-risk ...
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Intel wants up to $10 billion for European fabs: report Intel Corp. INTC, -1.65% reportedly has finally put a figure on how much government aid it wants to build out its manufacturing capacity, at least in Europe. Intel Chief Executive Pat Gelsinger was quoted in various media reports as having told Politico Europe ...
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Rite Aid says COVID-19 vaccine is available at every location; walk-in vaccinations are also available Enabling walk-in appointments supports customers that may not have access to internet while also meeting the need for flexibility for customers, the company said.
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Amazon marketplace dominates in blockbuster Q1 In an all-around blockbuster first quarter, Amazon's own retail operations took a back seat to its marketplace. Online store sales rose 44% to $52.9 billion, with net product sales up 37.4% to $57.5 billion and physical store sales down 16% to $3.9 billion.
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Southwest Airlines to add, resume service to 9 US cities from KCI "We are happy about Southwest's decision to make significant increases here for Kansas City travelers just in time for summer," said Pat Klein, director of Kansas City's Aviation Department. "We are especially excited that our travelers will have the opportunity to ...
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Florida adds 5306 cases of COVID-19 and 77 resident deaths Friday Florida's health department reported an increase of 5,306 COVID-19 cases Friday and 77 more resident deaths connected to the virus. The state has now verified 2,233,518 COVID-19 cases since the outbreak began. There have been 35,161 resident deaths, ...
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How to sign up for $50 a month federal benefit to help pay for internet The Federal Communication Commission has announced signup plans for a program that will provide monthly subsidies to help cover the cost of internet service. The Emergency Broadband Benefit Program will start May 12. On that date, eligible households ...
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Elon Musk Shares Painfully Obvious Idea About the Difficulty of Self-Driving Cars "A major part of real-world AI has to be solved to make unsupervised, generalized full self-driving work, as the entire road system is designed for biological neural nets with optical imagers," Musk wrote.
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Jeep Wrangler 4xe Plug-in Hybrid Rugged But Well-Mannered It can commute, climb rocks and ford streams as well as any other Wrangler and more smoothly, quietly and fuel-efficiently, at least for the first 20-plus miles (32 km). And the motor's strong instant torque is a much-appreciated bonus both on- and off-road.
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Sustainable Fund Flows Reach New Heights in 2021's First Quarter The five funds attracting the most flows in the first quarter of 2021 were all passive equity funds. Four of those were also in the top five for the fourth quarter of 2020: iShares Global Clean Energy ETF ...
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Emergent BioSolutions shakes up leadership after 15M J&J vaccine doses ruined Emergent BioSolutions is shaking up its leadership after an error at its manufacturing plant in Baltimore in March ruined 15 million doses of Johnson & Johnson's vaccine, according to The New York Times. Robert Kramer, CEO of the vaccine maker, told ...
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Breaking down the latest COVID-19 data in Memphis and the Mid-South: 187 new cases & 2 new deaths in Shelby ... We will be monitoring Mid-South coronavirus numbers and will update this page frequently. Credit: WATN.
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All bets are off: Cripple Creek has unlimited gambling and 'gold'en attractions Cripple Creek has always had the allure of riches, first as a gold mining town and now as a gambling haven. Cripple Creek came to life after cowboy Bob Womack discovered gold in Poverty Gulch in 1890. Located at a lofty 9,500 foot elevation, 87 miles north ...
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Texas Roadhouse finds workers harder to come by than sales With dine-in business rebounding faster than staffs can be rehired to handle it, Texas Roadhouse has raised menu prices by an average of 1.75% to offset the upward pressure on wage rates.
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LL Bean's flagship Freeport store to resume 24-hour operations The L.L. Bean flagship store in Freeport will be reopening for 24-hour service on Monday. The main store, along with the Hunt and Fish store, will be expanding back to regular operations. The Home and Bike and Boat & Ski stores, also on the Freeport retail ...
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Aon posts Q1 2021 financial results Aon's total revenue has increased 10% to $3.5 billion, including organic revenue growth of 6%, while its operating margin has grown 320 basis points to 35.3%. Meanwhile, net income attributable to Aon ...
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Early estimate from Statistics Canada shows economic growth slowed in Q1 OTTAWA — The Canadian economy grew at an annual rate of 6.5 per cent through the first quarter of the year, Statistics Canada said Friday, bringing the country tantalizing close to reaching pre-pandemic output. 39 minutes ago By: The Canadian Press.
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Stratolaunch completes second flight of world's largest plane On Thursday, the company has completed the second test flight of its carrier vehicle, which is currently known for being the world's largest aircraft by wingspan. The dual-fuselage launch vehicle with a 385—foot wingspan flew for three hours and 14 minutes ...
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$810 billion in spending is expected for the offshore wind industry this decade The offshore wind industry's global installed capacity is set to exceed 250 gigawatts (GW) by 2030, driven by a surge in coming projects, a Rystad Energy report said. The combined capital and operational expenditure for the decade is an estimated $810 ...
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Cumberland County man had gun in his carry-on bag at BWI A Mechanicsburg man could be facing a large fine after security officers found a loaded handgun and two ammunition clips in his carry-on bag at Baltimore Washington International Airport. WGAL reports the man told Transportation Safety Administration ...
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