International News

Apple confirms deal to buy music discovery app Shazam

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm" content="SAN FRANSICO (Reuters) - Apple Inc on Monday confirmed it had reached a deal to acquire Shazam Entertainment Ltd, the U.K.

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Atos offers to buy Gemalto for 4.3 billion euros to boost cyber security services

French technology consulting firm Atos &lt;ATO.O&gt; offered to buy Gemalto &lt;GTO.AS&gt; for 4.3 billion euros ($5.06 billion) on Monday to boost its cyber security services as states and bi

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Seagate Still Choppin': To Cut Another 500 Jobs This Year

Shares of hard-disk drive maker Seagate Technology (STX) are down 5 cents at $40.42, in late trading, after the company disclosed in an 8-K filing with the Securities &amp; Exchange Commission a

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The Netherlands Looks Forward To Collaborate With Indian Startups

The Netherlands is seeking the contribution of Indian startups in the areas of logistics, cleantech, and medical science. After NFIA, India (Netherlands Foreign Investment Agency) invited Indi

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UBS: Microsoft is ramping up what may be its biggest profit machine yet

Microsoft may be upping investment in its biggest profit machine, the Azure cloud-computing service, Jennifer Swanson Lowe, a UBS analyst, said. &nbsp; She sees M

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BlackRock's $1.7 trillion bond chief tells us his biggest market fear

If you ask 10 different money managers for their biggest market fear, you might get 10 different answers. &nbsp; That&#39;s not necessarily because some large rec

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Online brokerage giant TD Ameritrade is gearing up for bitcoin futures

&nbsp; &quot;I&#39;m not going to be watching football Sunday.&quot; &nbsp; Instead, JB Mackenzie, a managing director on brokerage TD Ameritrade&#

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Delta has a new baggage fee that's going to annoy tons of passengers

This week, Delta Air Lines updated its basic economy travel policy with the addition of a new checked baggage fee. If you are flying Delta basic economy between the US and Europe or North Afri

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Asia cheers China trade boost, bitcoin shoots for the stars

SYDNEY (Reuters) - Asian shares rallied for a second session on Friday as economic news from China and Japan beat all expectations and investors marvelled at the meteoric ascent of bitcoin, th

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Exclusive: Uber's Chinese rival Didi Chuxing to enter Mexico next year: sources

MEXICO CITY/SAN FRANCISCO (Reuters) - Didi Chuxing, China&#39;s ride-hailing behemoth, plans to expand into Mexico next year, intensifying its global rivalry with Uber, according to two source

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Apple just named its favorite apps and games of the year

Meditation, photo editing and puzzles were the themes of the best apps of the year, as determined by Apple employees. &nbsp; The company on Thursday released its

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Cboe's bitcoin futures market goes live Sunday - but some of Wall Street's biggest banks are sitting it out

Cboe Global Markets&#39; bitcoin futures market will go live Sunday, but some Wall Street banks don&#39;t plan to get involved, according to a report by The Wall Street Journal .

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Bitcoin surges above $12,000 to record high on relentless demand

TOKYO (Reuters) - Bitcoin extended its eye-popping rally on Wednesday, breaking above $12,000 to a record high despite questions about the cryptocurrency&#39;s real value and worries about a d

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Exclusive: Baupost expected to make quick profit in Westinghouse bankruptcy - sources

(Reuters) - Hedge funds led by the Baupost Group LLC are poised to score a $170 million profit in less than three months from a bet tied to Toshiba Corp&#39;s bankrupt nuclear unit Westinghous

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Lamborghini just unleashed the fast SUV in the world

Lamborghini unveiled the all-new Urus SUV on Monday a presentation that could best be described as shambolic. A technical glitch forced Lamborghini to temporarily shut down the launch presenta

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Amazon Australia goes live in time to ruin rivals' Christmas

SYDNEY (Reuters) - Amazon.com Inc&#39;s (AMZN.O) Australian arm began taking orders on Tuesday, ending speculation about the timing of its launch in the world&#39;s No. 12 economy and likely d

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Chipmaker Dialog plunges further on fears Apple could go it alone

LONDON/FRANKFURT (Reuters) - Shares in Dialog Semiconductor dropped about 24 percent on Monday after the company acknowledged for the first time that top customer Apple Inc could develop its o

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CVS made a $69 billion bet it can become the first place you go when you're sick

CVS Health and Aetna are merging, in what&#39;s the largest deal of 2017. &nbsp; The $69 billion deal creates a new type of company that includes a health insurer

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Legendary car designer Henrik Fisker is working on self-driving bus that looks straight from the future

Henrik Fisker has been busy. With VLF Automotive, he and auto industry legend Bob Lutz and bespoke engineer Gilbert Villarreal are rolling out a 745-horsepower supercar, the Force 1 . But Fisk

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LafargeHolcim chairman says 'unacceptable errors' made in Syria

PARIS (Reuters) - The chairman of Swiss-French cement maker LafargeHolcim said the company had made unacceptable errors in Syria and that it was cooperating with French investigators, accordin

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Venezuela Maduro gains control over oil contracts amid purge

CARACAS (Reuters) - Venezuela&#39;s President Nicolas Maduro on Sunday gained more powers over the OPEC member&#39;s oil contracts, as a deepening purge looks set to strengthen the leftist lea

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Amazon's Alexa is leading the voice-computing market - but the company's openness to rivals shows it's thinking through the implications

Smart assistants haven&#39;t yet replaced smartphone apps as the primary way we interact with computers, but Amazon is already preparing for what might happen if they do. &nbsp;

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CVS Health is buying Aetna for $69 billion in 2017's biggest deal

CVS Health is buying Aetna , multiple sources told multiple media outlets on Sunday. &nbsp; The pharmacy giant is acquiring the third largest insurer in the US in

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Wipro To Contest $140 Million Lawsuit Filed By National Grid U.S.

Wipro Ltd. said it will contest the lawsuit filed by National Grid U.S. seeking damages of over $140 million for a project that began in 2009. &nbsp; &quot;The la

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Deutsche Bank hired a head of emerging market fixed income sales in September - and he's just left the company

Ken Reich, who was hired by Deutsche Bank in September to help run its fixed income sales operation for emerging markets , has left the company after only a couple months, the company confirme

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Walmart stops selling controversial shirt that encourages lynching journalists

Walmart has stopped selling a t-shirt that reads, &quot;Rope. Tree. Journalist. SOME ASSEMBLY REQUIRED.&quot; on its website. The shirt was sold on Walmart&#39;s website through the third-part

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Federal prosecutors want to seize the Wu-Tang Clan album that Martin Shkreli paid $2 million for

Federal prosecutors have reportedly asked a Brooklyn Federal Court judge that the former pharmaceutical executive Martin Shrekli turn over his one-of-a-kind Wu-Tang Clan album as part of an as

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Bitcoin pauses below record peak; gained 55 percent in November

SYDNEY (Reuters) - Bitcoin hovered around $9,600 in volatile trade on Friday, after tumbling about 15 percent from an all-time high hit this week as some money managers warned ominously of a b

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Walgreens CEO isn't convinced Amazon will get into healthcare

There&#39;s a lot of speculation these days about whether Amazon is going to enter the pharmaceutical industry. Not everyone in the industry is worried about this, though. &nbsp

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Lexus supersized its best-selling RX350 luxury SUV

LOS ANGELES - Sport-utility vehicles have been stealing the spotlight at the LA Auto Show this year, and Lexus led the way with the debut of extra-large versions of its best-selling RX crossov

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T-Mobile's failed Sprint merger could actually be good for wireless carriers

When it seemed like T-Mobile and Sprint were on course for a successful merger agreement last month, I wrote that Verizon Communications and AT&amp;T would be two of the biggest beneficiaries

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Nasdaq is set to launch bitcoin futures

Nasdaq is hopping on the bitcoin bandwagon. &nbsp; The exchange operator is set to launch a bitcoin futures product next year, a person familiar with the matter t

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Tesla fires back at claims its cars suffer from major quality issues

On Wednesday, Reuters reported that more than 90% of new Tesla Model S and Model X vehicles have some sort of problem or flaw that needs to be fixed before the vehicles can leave the factory.<

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Bitcoin not big enough to threaten world economy, BoE deputy says

LONDON (Reuters) - Bank of England Deputy Governor Jon Cunliffe said bitcoin, which hit a record high above $10,000 earlier on Wednesday, is not at a size where it would pose a risk to the glo

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Uber's third-quarter net loss widens to $1.46 billion - source

(Reuters) - Uber Technologies Inc&#39;s quarterly losses widened, a source familiar with the matter told Reuters on Tuesday, as the ride-hailing company wades through legal troubles and faces

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Kaspersky CEO says he would leave if Russia asked him to spy

LONDON (Reuters) - The founder of Moscow-based anti-virus software company Kaspersky Lab said on Tuesday he would quit Russia if its intelligence agencies ever asked his company to spy for it.

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JetBlue will sell you select round-trip tickets for $98

On Tuesday, JetBlue launched a special two-day sale with one-way tickets available for as low as $49. As a result, certain round-trip tickets can be had for just $98. &nbsp;</di

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Waymo seeks delay of Uber trade secrets trial over new evidence

SAN FRANCISCO (Reuters) - Alphabet Inc&#39;s Waymo self-driving car unit asked a U.S. judge on Monday to postpone an upcoming trade secrets trial against Uber Technologies Inc, so Waymo could

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Bitcoin soars above $9,000 to new record high

Bitcoin &#39;s impressive march into record territory continued Sunday afternoon. &nbsp; The digital currency, which has been on a tear since the US Thanksgiving

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A would-be Tesla rival that's developing a 1,000-horsepower electric luxury sedan expands, will move into Tesla's neighborhood

&nbsp; The electric-car startup Lucid Motors announced on Monday it is doubling the size of its San Francisco Bay Area headquarters. The company, which is developing the 1,000-h

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Meet the top 5 Indian Fintech startups which will be incubated at PayPal's Chennai Lab

Five new financial technology startups -Finbox, Neoeyed, Paymatrix, Scalend and Tybo are new entrants into PayPal Incubator in Chennai. They have been selected by the company for its year-long

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Uber is trying to solve the biggest issue with taxi-apps by launching three new features in India

Uber has launched three new app features in India namely offline search, request for a guest and call to ride. The company has also launched a new mobile website for the country. (Disclosure:

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Broadcom considering sweetened Qualcomm bid: sources

(Reuters) - Chipmaker Broadcom Ltd is considering raising its offer to buy rival Qualcomm Inc by offering more of its own stock, following consultation with several of Qualcomm&#39;s top share

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Fed policymakers say rate increase likely warranted soon - minutes

WASHINGTON(Reuters) - Many Federal Reserve policymakers expect that interest rates will have to be raised in the &quot;near term,&quot; according to the minutes of the U.S. central bank&#39;s

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A pair of Boeing 747 jumbo jets just sold on a Chinese website for $48 million

Two jumbo jets sold for $48 million on a Chinese auction website on Tuesday. &nbsp; The Intermediate People&#39;s Court of Shenzhen City auctioned the pair of 747

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Microsoft's Skype pulled from Apple, Android China app stores

BEIJING (Reuters) - Skype, Microsoft Corp&#39;s internet phone call and messaging service, has disappeared from app stores in China including that of Apple Inc, indicating the latest setback f

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Uber paid hackers to cover up massive data breach

(Reuters) - Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the personal information of about 57 million accounts of the ride-service provide

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A bitcoin trading firm that's taking calls about $50 million deals just made 3 big appointments

UK-based bitcoin trading shop B2C2 thinks of itself first and foremost as a capital markets firm, not a crypto-company. &nbsp; And the firm&#39;s board appointmen

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Tesla's new vehicles didn't send the stock soaring - and that could signal a new reality for the company

Last week, Tesla CEO Elon Musk unveiled the company&#39;s Semi Truck and new Roadster in spectacular fashion in Los Angeles. &nbsp; Wall Street wasn&#39;t impress

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SoftBank funding may spur Uber to re-think tough Southeast Asian market

SINGAPORE(Reuters) - SoftBank Group&#39;s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group ow

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Marvell Technology will buy rival chipmaker Cavium for $6 billion

Marvell Technology has agreed to buy Cavium for about $6 billion as it tries to expand beyond semiconductors that control hard disk drives. &nbsp; Marvell will pa

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Middle Eastern financier Amanda Staveley reportedly made a £300m bid for Newcastle United

A British multi-millionaire financier has reportedly made a &pound;300 million ($397 million) bid for Premier League team Newcastle United. &nbsp; PCP Capital Par

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Tesla is seemingly taking a big risk with the Semi and new Roadster - but it just might work

LOS ANGELES - Tesla is more than Tesla. Sure, the company has a factory in Northern California where it makes cars, but it also has a design studio in Los Angeles, and that&#39;s where you sta

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A key recession signal could have huge implications for Federal Reserve policy

The Federal Reserve&#39;s plan to keep raising interest rates could soon run into a wall of its own making: low long-term borrowing costs that signal expectations for weak economic growth and

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The best low-cost airline in the world is taking on Amazon and international banking

Sixteen years ago, Tony Fernandes, with a small group of intrepid entrepreneurs , took over a failing Malaysian Government-owned airline for $0.25 and the promise to assume its $11 million in

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Apple CEO Tim Cook gave a shout-out to a $100-per-year app for doctors - here's what it does

Apple CEO Tim Cook isn&#39;t a doctor, but he talked about a piece of medical software, VisualDX, during Apple&#39;s most recent earnings call. &nbsp; It was an i

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Volkswagen accelerates push into electric cars with $40 bln spending plan

WOLFSBURG/HAMBURG (Reuters) - Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars. &n

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Splunk had a classic 'beat and raise' quarter and Wall Street is cheering

Shares of Splunk jumped as much as 12% in after-hours trading Thursday after the data analytics software maker&#39;s fiscal third-quarter results topped Wall Street&#39;s targets and the compa

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Domino's CEO throws shade at Walgreens and says the pizza chain has a better rewards program

Big data is transforming every industry, and pizza is no exception. &nbsp; Domino&#39;s &quot;pizza profiles&quot; loyalty program, which the chain launched in 20

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Tesla is already getting orders for its new electric big rig

Tesla is already receiving orders for its new electric semi-truck unveiled on Thursday night . According to a Bloomberg report , the Michigan-based grocery chain Meijer, Inc. placed deposits o

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Citigroup hired a former Goldman Sachs banker to cover a booming Wall Street business

Citigroup has hired a former Goldman Sachs banker to work with private equity firms, pensions, sovereign wealth funds, and family offices in North America - a growing source of business for Ci

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The CEO of a $740 million email company that just had an IPO explains what it takes to go public

If you&#39;ve ever reserved a night through Airbnb, a meal through OpenTable, or received a list of personalized song suggestions from Spotify, chances are that email came via a little known D

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DoorDash has hired ex Twitter and Groupon execs to spearhead big expansion plans

Food delivery service DoorDash has added two new execs to its senior management team: Twitter&#39;s former VP of engineering, Jeremy Rishel, and Rajat Shroff who previously worked as VP of pro

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Amazon CEO and world's richest man Jeff Bezos is hardly ever on his phone

Jeff Bezos may be CEO of one of the biggest companies in tech , but you won&#39;t catch him constantly checking his phone. &nbsp; In a conversation with his young

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Oil prices slide after IEA casts doubt over demand outlook

SINGAPORE (Reuters) - Oil prices fell more than 1 percent on Wednesday, continuing Tuesday&#39;s slide after the International Energy Agency cast doubts over the past few months&#39; narrative

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Foxconn's third-quarter profit tumbles after iPhone X production hurdles

By Jess Macy Yu &nbsp; TAIPEI (Reuters) - Taiwan&#39;s Foxconn reported a 39 percent slide in quarterly profit, far worse than expected, as the assembler of Apple

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DEUTSCHE BANK: Something very unusual is happening in markets

Stocks are supposed to go up a lot and down by a lot. But lately, they&#39;ve mostly been going up. &nbsp; The S&amp;P 500 has not fallen by 3% to 5% for 12 month

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SoftBank says considering investment in Uber but no final agreement reached

TOKYO (Reuters) - Japan&#39;s SoftBank Group Corp said on Tuesday it was considering investing in Uber Technologies Inc but there was no final agreement at this stage. &nbsp;</d

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Uber's South Asia policy chief quits in latest senior departure

NEW DELHI (Reuters) - Uber&#39;s chief of policy for India and South Asia has quit, two sources familiar with the matter said on Monday, in the latest high-level departure at the online taxi c

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Brookfield wants to buy mall-owner GGP for $14.8 billion

Brookfield Asset Management has proposed to buy the mall owner GGP for $14.8 billion to expand its real estate footprint. The Canadian investor is offering $23 per share for the

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One of the few Wall Street analysts bearish on Nvidia reverses course, saying his call 'did not work out'

Nvidia has been on a crazy upward burn, gaining 109.69% this year thanks to its strength in artificial intelligence and cryptocurrencies. The meteoric rise has left those bearish on the compan

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Gaming firm Razer rises more than 40 percent in Hong Kong debut

HONG KONG (Reuters) - Shares in Razer Inc, backed by Intel Corp and Hong Kong billionaire Li Ka-shing, surged as much as 42 percent in their Hong Kong stock market debut on Monday, amid growin

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Mercedes is quietly becoming Tesla's biggest rival

Tesla has had a meteoric rise as an underdog company, but the next five years could be its biggest challenge yet. &nbsp; Major automakers from across the globe ar

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Hasbro and Mattel are reportedly closer to creating a giant toy company

Merger talks between Hasbro and Mattel are back on again, according to a new report from The Wall Street Journal. &nbsp; Hasbro has made an offer on the beleaguer

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Walmart might have to pay an Army veteran $7.5 million after he broke his hip while buying a watermelon

Henry Walker, a 59-year-old Army veteran, might be awarded $7.5 million after he broke a hip while shopping at a Wal-Mart in Alabama, according to AL.com . &nbsp;

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MUFG seeking to buy 40 percent of Indonesia's Bank Danamon from Temasek - sources

TOKYO/SINGAPORE (Reuters) - The core unit of Mitsubishi UFJ Financial Group (MUFG) is looking to buy a 40 percent stake in Bank Danamon Indonesia for around 200 billion yen ($1.75 billion), a

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Trump's DOJ reportedly demands Time Warner sell CNN - or AT&T deal gets blocked

The US Department of Justice has informed AT&amp;T that it must sell CNN if it wants approval for its $84.5 billion acquisition of Time Warner, according to a Financial Times report citing peo

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Snapchat's biggest redesign ever is planned for December 4 - here's how it will work

The biggest redesign in Snapchat&#39;s history is planned to debut on Monday, December 4, Business Insider has learned. &nbsp; In an effort to kick-start stagnant

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Panera's CEO and founder has announced his plans to step down after the chain reveals a major acquisition

Panera Bread announced two huge pieces of news on Wednesday: the fast-casual chain is acquiring rival Au Bon Pain , and its founder is stepping down as CEO. &nbsp;

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Shares in Tencent's China Literature double in Hong Kong debut

HONG KONG (Reuters) - Shares in China Literature Ltd doubled in their debut in Hong Kong on Wednesday, as the online publishing arm of Tencent Holdings Ltd benefited from a rising tide of loca

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Traders are betting that Broadcom's record-setting hostile takeover of Qualcomm will get done

Qualcomm may be willing to do whatever it takes to repel Broadcom &#39;s $103 billion hostile takeover, but stock investors remain bullish on a deal getting done. &nbsp;

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Uber's new CEO says he's ditching a practice that turned employees into 'a--holes'

It&#39;s been two months since Dara Khosrowshahi began his reign as Uber&#39;s new CEO, and he says after meeting with employees all over the world, he&#39;s now got a handle on the corporate

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Amazon has been quietly launching sportswear brands all year

Amazon has been quietly diving into the world of sportswear, a spokesperson confirmed with Business Insider. &nbsp; Its new sports-oriented clothing brand, Peak V

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Fox held talks to sell most of company to Disney - CNBC

(Reuters) - Rupert Murdoch&#39;s Twenty-First Century Fox (FOXA.O) has held talks to sell most of its film and television assets to Walt Disney Co (DIS.N), which would gain new programming and

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Venezuela's new 100,000-bolivar note is worth less than $2.50 in US dollars

Venezuelan President Nicolas Maduro unveiled a new 100,000 bolivar note last week. It is now the nation&#39;s highest value note, and was worth less than $US2.50 on the black market, The Assoc

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Bank of America Merrill Lynch has signed on with a quant firm - and it shows where Wall Street is headed

Manoj Narang, founder of quant hedge fund MANA Partners, has launched a trading subsidiary that is developing market-testing products. One of his first clients: Bank of America Merrill Lynch.<

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AMD and Intel are reportedly teaming up to take on Nvidia

Intel and AMD shares are rising after the two companies announced a plan to take on Nvidia , the largest maker of graphics chips. &nbsp; Intel is up 0.55% and AMD

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Toyota seeks more investments in Israeli auto tech, robotics

TEL AVIV (Reuters) - Japan&#39;s Toyota Motor Corp is seeking more investments in Israeli robotics and vehicle technologies after its venture arm led a $14 million investment in Intuition Robo

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DBS Q3 profit in surprise slide to five-year low on oil and gas provisions

SINGAPORE (Reuters) - Singapore&#39;s DBS Group Holdings booked an unexpected slide in quarterly profit on Monday, with income falling 23 percent to a five-year low as it nearly doubled provis

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Reliance Nippon Life Asset Management rises over 18 percent on market debut

REUTERS - Reliance Nippon Life Asset Management Ltd saw a strong market debut on Monday, with shares surging as much as 18.65 percent, in the first ever listing by a mutual fund manager in the

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Trump tells Japan to build more cars in the US 'instead of shipping them over,' but some of the best-selling Japanese cars are already built in the states

SYDNEY, Australia - President Donald Trump on the second day of his trip to Japan urged the country&#39;s automakers to build more cars in the US &quot;instead of shipping them over.&quot;</di

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IMF warns Venezuela over gaps in economic data, transparency

WASHINGTON (Reuters) - The International Monetary Fund issued a warning to Venezuela on Friday for failing to provide the institution with economic data on time and gave it six months to addre

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Broadcom is exploring a massive acquisition of $80 billion Qualcomm

Semiconductor giant Broadcom is exploring a possible acquisition of $80 billion Qualcomm , according to a Bloomberg News report citing people familiar with the matter. It would be the biggest-

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Starbucks' fastest-growing menu category has nothing to do with coffee

Starbucks stock tanked 7% after-hours Thursday when the company reported disappointing revenue for the fourth quarter. &nbsp; Beyond the top-line miss, however, i

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Tesla just told Model 3 reservation holders it is pushing back delivery dates

Tesla has bumped back the delivery date for its Model 3 after admitting the company has struggled to mass produce the highly-anticipated vehicle. &nbsp; Reservati

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How the iPhone X could make Apple a $1 trillion company

Business Insider CEO Henry Blodget and chief tech correspondent Steve Kovach discuss Apple &#39;s new iPhone X. Kovach got the phone before its release, and says he loves it, citing the functi

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The $50 billion hedge fund cofounded by right-wing donor Bob Mercer has been crushing it

Renaissance Technologies, the legendary and secretive hedge fund cofounded by conservative donor Bob Mercer, has been crushing competitors. &nbsp; All three of it

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A revolutionary gene-editing technology is on track to be a $10 billion market by 2025

A revolutionary gene-editing tool will grow into a $10 billion market in 2025, according to a new report by Citi GPS. &nbsp; CRISPR, short for &quot;clustered reg

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The head of JPMorgan's nearly $2 trillion funds business issued a stark warning for a large group of Wall Streeters

Wall Street stock analysts are about to find themselves on the chopping block, and only the best will survive. Erdoes, the head of JPMorgan Chase &#39;s $1.9 trillion asset and

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Walmart is popping after unveiling plans to win the holiday season

Shares of Walmart spiked 0.73% Wednesday morning, after the US&#39; largest retail chain unveiled a plan to win the holiday season. &nbsp; Walmart will host 20,00

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MORGAN STANLEY: Apple's iPhone X could steal nearly $30 billion in holiday spending from other companies

The iPhone X is the most expensive phone Apple has ever made, which could be bad news for retailers during the all-important holiday season. &nbsp; The high price

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American Airlines flights are going without food after listeria found at catering kitchen

American Airlines has suspended food service on some of its flights out of the Los Angeles after listeria was discovered at a catering kitchen used by the company. The listeria

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Tesla is burning through cash - and it could become a problem

Tesla had a horrible third quarter, posting the worst loss in its history as a public company . &nbsp; Of course, nobody expected a good quarter, and in October t

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We went to one of Target's new urban stores and saw the company's vision for the future of retail

In an effort to appeal to customers who live in major metropolitan areas, Target is opening small-format stores in some of the biggest cities in the United States, including New York, Los Ange

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MORGAN STANLEY: Disney's new streaming service could be worth $25 billion

Disney &#39;s new streaming service could draw in 30 million subscribers in the next 10 years, valuing it at $25 billion, according to a Morgan Stanley note. &nbsp;

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Sears' CEO just gave the company another $60 million lifeline - and the loans are adding up

Sears is borrowing more money from CEO Eddie Lampert&#39;s hedge fund. &nbsp; The retailer has borrowed $60 million from affiliates of Lampert&#39;s hedge fund, E

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The CEO of investment startup Acorns wants his app to be used by every American with a household income under $100,000

In 2012, father-son duo Walter and Jeff Cruttenden launched Acorns, the savings app that allows users to invest their spare change with the aim of trying to take the anxiety out of saving.</di

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The head of JPMorgan's giant investment bank is worried 'the next market correction will be painful'

JPMorgan Chase&#39;s giant corporate and investment bank - the undisputed leader on Wall Street - is beefing up risk management and hewing conservative ahead of what it anticipates will be a p

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Steve Bannon is reportedly on the warpath against hedge fund titan Paul Singer

Paul Singer, one of the most feared activist hedge fund titans in the world, is used to tangling with high-powered corporate executives. &nbsp; But how will Singe

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JEFFERIES: Nintendo's Switch is selling like crazy, and won't slow down anytime soon

Nintendo&#39;s Switch game console is one of the hottest items in tech right now. It has been delighting users for months, and it doesn&#39;t look like its popularity will be waning anytime so

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Here's everything you need to know about Jerome Powell, Trump's likely pick to lead the Federal Reserve

Donald Trump looks set to appoint Jerome Powell, a former private equity executive at Carlyle Group and current member of the Federal Reserve, as the next Federal Reserve chair.

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Maverick Capital, a $10.5 billion hedge fund, told clients it might have 'cracked the code'

NEW YORK - Lee Ainslie&#39;s Maverick Capital may have cracked the code on quant. &nbsp; Maverick recently held its investor day in New York, where it announced i

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The president of struggling $2 billion hedge fund Hutchin Hill Capital is set to depart

Matthew Edmonds, the president of $2 billion hedge fund Hutchin Hill Capital, is set to depart after a difficult year for the firm, people with knowledge of the matter said. &nb

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This airline CEO is challenging Airbus and Boeing to step up their game

Qantas Group CEO Alan Joyce is one of the most accomplished and controversial airline chief executives in the business. Since taking over the top job at Qantas in 2008, the charismatic Irishma

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CVS is plotting a $66 billion takeover - and it has a lot to do with fending off Amazon

Amazon&#39;s notorious for stepping into new businesses and crushing the competition with low price, fast delivery, and its massive network of loyal shoppers. When Amazon bought the grocer Who

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UPS raises its forecast, citing overseas shipments and expectations for a strong holiday season

(Reuters) - United Parcel Service Inc reported a slightly lower quarterly net profit on Thursday due to hurricanes that hit the U.S. South in August and September, but lifted its full-year for

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Wilbur Ross is making a sweeping claim about US-Mexico trade but the facts don't back it up

NEW YORK - US Commerce Secretary Wilbur Ross claims the US was running a trade surplus with Mexico &quot;every year&quot; before the North American Free Trade Agreement came into effect.&nbsp;

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Airbus' deal of the century may not be as great as it sounds

Airbus shocked the aviation world with the acquisition of Bombardier&#39;s prized C Series airliner program. The deal, announced last Monday, saw Airbus take a 50.01% equity stake in the progr

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The Wall Street analysts who called CVS's huge potential deal last month explain why it could 'realign' the entire industry

Pharmacy giant CVS Health is in talks to buy health insurer Aetna in what could be a $66 billion deal, The Wall Street Journal reported. &nbsp; If the deal pans o

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AMD's cryptocurrency boost may be nearing its end

AMD has been basking in the meteoric rise of cryptocurrencies like bitcoin and ethereum . Demand for its graphics processing units has skyrocketed as cryptocurrency miners snap up the cards to

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Traders betting against Chipotle made $260 million in a single day on its earnings disaster

There was at least one winner following Chipotle &#39;s disastrous earnings report: traders betting against the company. &nbsp; They raked in roughly $260 million

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GOLDMAN SACHS: The fastest-growing part of the stock market will surge to a record next year

Exchange-traded funds - which make up the most rapidly growing segment of the stock market - are showing no signs of slowing. &nbsp; They&#39;ll attract $400 bill

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Daimler just unveiled an electric heavy-duty truck concept that could rival Tesla's semi

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American Airlines quits codeshare deals with Qatar, Etihad airlines

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Cabela's shareholders OK $5 billion Bass Pro deal

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China's CITIC Agri Fund buys Dow corn seed assets for $1.1 billion

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Tesla wins giant battery contract in Australia, has 100-day deadline

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Amazon cornered Whole Foods into not seeking more bids, filing shows

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Oil prices slump over 1 percent on rise in U.S. output

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Buffett's Berkshire Hathaway nears $18 bln deal for Oncor - sources

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Ford fires CEO Mark Fields, Hackett takes reins - reports

DETROIT (Reuters) - Ford Motor Co Chief Executive Mark Fields is set to leave the carmaker as part of a shake-up that includes other top executive changes as the company&#39;s shares hover nea

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Foreign Inflows cross Rs 1 lakh crore in 2017: As FPIs, mutual funds play big bulls, insurance firms pull out

While insurance companies pulled out over Rs 10,000 crore in the fourth quarter alone, FPI investments in both equity and debt markets have touched Rs 1,08, 484 crore in 2017 Domest

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Adani to begin extracting coal from Australian project in FY21

New Delhi, May 14 () Indian conglomerate Adani Group plans to begin extracting coal from the USD 16.5 billion Carmichael project in Australia in 2020-21, its Chairman Gautam Adani has said.</d

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JPMorgan's Dimon signals optimism on global economy, Trump reforms

By Francine Lacqua, Keith Campbell and Matthew Martin&nbsp; &nbsp; JPMorgan Chase &amp; Co Chief Executive Officer Jamie Dimon said he remains optimistic about th

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China is reportedly in talks to buy into Canada's Boeing rival

Bombardier may be about to receive a fresh injection of cash from the far east. the Commercial Aircraft Corporation of China (COMAC) has held discussions to either buy a stake in Bomb

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Billionaire Bill Gates says these 3 fields have the most potential to change the world

Bill Gates dropped out of college because he saw a digital revolution happening and he wanted to help shape it. &nbsp; He and Paul Allen went on to co-found Micro

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Tesla could be worth ‘multiples’ of current $50 billion market cap by 2020, fund manager says

Tesla&#39;s stock could be worth &quot;multiples&quot; of its current $51 billion market capitalization, according to Cathie Wood, CEO of ARK Invest. &nbsp; Wood

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New Microsoft Surface Pro leaked in pictures

The upcoming Microsoft Pro has been leaked online, giving us a quick glance into how the company is uplifting its 2-in-1 line-up. The upgrade is most likely to be on the hardware front and will

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Alibaba quarterly profits almost double to USD 1.55 billion

Beijing: Chinese e-commerce giant Alibaba said today its net profit almost doubled in the latest quarter on the back of soaring growth in online shopping. Alibaba, which has made bill

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India aims to boost trade ties with African nations

African Development Bank meet to be held in Gujarat ndia has extended credit totalling $7.6 billion to African nations and aims to use the upcoming annual meeting of the African

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Paytm Payments Bank to launch operations on 23 May, names new CEO

Vijay Shekhar Sharma&rsquo;s vision of launching a payments bank is barely a week from becoming a reality now. &nbsp; On Wednesday, the One97 Communications found

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Google announces standalone Daydream VR headsets by HTC VIVE and Lenovo

Google, at its annual developer conference, announced that its Daydream VR platform will soon support standalone devices by HTC VIVE and Lenovo that don&rsquo;t require a smartphone or PC to o

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Volvo expects to launch more cars after starting local assembly operations

The assembly plant - one of only two set up by Volvo globally - will import vehicle kits in knocked down forms and assemble them. This will result in substantial reduction in taxes. <di

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Morgan Stanley raised $125 million for a new fund — and it highlights one of the hottest trends in investing

&nbsp; Morgan Stanley is making a big move in the world of&nbsp;sustainable finance.&nbsp; The bank has raised&nbsp;$125 million in commitments for its first global impact

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Oil price rises as Russia and Saudi Arabia back supply cut

&nbsp; Oil prices have risen more than 3% after Saudi Arabia and Russia said a deal to cut production should be extended until March next year. A<a href="http://www.bbc.co.

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Alabbar's $1bn e-commerce site 'on track' for 2017 launch; Noon to shift base to Saudi

Dubai-based businessman Mohamed Alabbar has confirmed his $1 billion e-commerce site, Noon, is &quot;on track&quot; to launch in 2017, with its operation base to shift to Saudi Arabia.

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Apple isn't working on a car — it's working on something much bigger

Apple is behaving in a really strange way regarding the mythical &quot;Apple Car.&quot; After hiring 1,000 people to work on a secret program called Project Titan, which many believed to be the

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This Startup is the Airbnb of Warehouses and Has Amazon in Its Sights

Flexe finds spare warehouse space for&nbsp;e-commerce merchants, including mattress seller Casper, and is set to&nbsp;offer overnight delivery all over the U.S. A Seattle startup has

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Snapdeal-Flipkart deal may leave staff richer by Rs 193 crore

New Delhi: Sale of a company often leaves employees high and dry, but not in the case of Snapdeal that may offer a Rs 193 crore bonanza to its staff if the homegrown e-commerce firm is taken ove

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Trump Tax Plan Will Not Bolster Growth, Economists Say

WASHINGTON &mdash; President Trump says the perfect medicine for the economy&rsquo;s sluggish growth is a big tax cut. Mr. Trump and his advisers say that leaving more money in the ha

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Xiaomi sells 4 mn Redmi 3S handsets in just 9 months

New Delhi, May 13 (IANS) Chinese smartphone maker Xiaomi on Saturday announced that its smartphone Redmi 3S has become the highest selling smartphone in the online market with four million units

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'New businesses will be born' — 5 top Silicon Valley dealmakers told us about the biggest trends in the internet business

For many investment bankers, Silicon Valley &mdash; not New York City &mdash; is the place to be. Some of the most exciting deals of the year are coming out of the tech world, like Mi

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Apple dethrones Exxon to become the world's dividend king

The biggest company in the world can add a new title to its mantle. Apple is now the world&#39;s largest payer of dividends after increasing its quarterly payout by 10.5% to 63 cents

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Traders are doubling down on their bets against Snap

&nbsp; Short sellers betting on a decline in Snap shares haven&#39;t had the best luck since the company went public two months ago. But they refuse to throw in the towel.

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Gold regains sheen on global cues, jewellers' buying

&nbsp; New Delhi: Gold prices rebounded by Rs 150 to Rs 28,550 per 10 grams at the bullion market today on firm cues from global markets and fresh buying by local jewellers. Silver al

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OPEC Chief Sees Oil Producers Closer to Re-Balancing Market

Oil-producing nations are moving closer toward ending a global glut and re-balancing the crude market, and OPEC will decide next month whether to extend its cuts in output beyond June,&nbsp;the

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Mark Zuckerberg just signed the death warrant for the smartphone

It&rsquo;s no secret that Mark Zuckerberg is pinning Facebook&rsquo;s future prospects on augmented reality &mdash; technology that overlays digital imagery onto the real world, like Snapchat&rs

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Chevron Sells Canadian Refinery, Gas Stations in $1.1 Billion Deal

Parkland Corp rose the most in almost eight months after agreeing to buy Chevron Corp&#39;s&nbsp;gas stations and refinery in British Columbia for about C$1.46 billion ($1.1 billion), a deal tha

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Impact of US Fed's interest rate rises on China capital flows diminishing - China FX regulator

BEIJING (Reuters) - The impact of United States interest rate increases on China&#39;s capital flows&nbsp;has been diminishing, State Administration of Foreign Exchange spokeswoman Wang Chunying

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Western Digital would consider Japan partners for Toshiba chip unit bid

TOKYO (Reuters) - Western Digital Corp, the U.S. partner of Toshiba Corp in a semiconductor venture, is in talks with state-backed fund Innovation Network Corp of Japan (INCJ) and the Developmen

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Goldman to sell up to $123 million worth shares in Max Financial - term sheet

MUMBAI (Reuters) - Goldman Sachs will sell shares worth up to $123 million in India&#39;s Max Financial Services Ltd on Friday, according to a deal term sheet seen by Reuters. Goldman

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Euro zone growth steady but modest - if political status quo remains: Reuters poll

(Reuters) - Euro zone economic growth will be steady but modest over the coming year, but that will depend partly on independent candidate Emmanuel Macron winning the French presidency next mont

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Oil prices regain some ground, but oversupply weighs

LONDON (Reuters) - Oil prices regained some ground on Thursday, after steep losses in the previous session, as leading Gulf oil producers signalled a likely extension of OPEC-led supply cuts bey

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GLOBAL MARKETS-Stocks edge up; bonds, gold fall as investors add risk

&nbsp; NEW YORK, April 19 (Reuters) - World stock indexes mostly rose on Wednesday following mostly upbeat U.S. corporate earnings, while U.S. bond prices and gold fell as markets ind

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Saudi investors commit SR1.77bn to Philippines

RIYADH &mdash; Charito Plaza, the DG of the Philippine Economic Zone Authority, PEZA informed that 7 investment -Letters of Intent (LOI) have been signed with Saudi companies and was witnessed b

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The iPhone 8 launch will go up against a problem of Apple's own making

There are two ways to think about the launch of the new iPhone, expected in September: &bull;&nbsp;&nbsp;&nbsp; It will be the biggest iPhone launch apple&

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The world's billionaires are flocking to Miami's luxurious Porsche Design Tower, where they can use an elevator for their cars

For the billionaire who doesn&#39;t want to sleep too far from his sports car, the perfect home is now ready for move-in: Miami&#39;s Porsche Design Tower. The 60-story building&nbsp;

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The groundbreaking app turning millennials into stock traders is now said to be worth more than $1 billion

Robinhood, the app that lets you trade stocks without paying any fees, is reportedly now valued at $1.3 billion. The new round of funding is reportedly led by Yuri Milner&#39;s invest

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'Trumpcare' suffers stunning blow as GOP committee chair comes out against it

A major House committee chair dealt the Republican bill to replace the Affordable Care Act another blow as he announced Friday he would not be voting in favor of the plan as it is now written.</

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Tesla has a dangerously valuable asset that no one is talking about

But that whole car-on-the-outside thing can be deceiving. In fact, although Porsche 911s certainly look cool, the &quot;killer app&quot; of the legendary sports car is actually the&nbsp;engine,&

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India's Snapdeal searches for funds, takeover speculation grows

Mumbai: Indian online retailer Snapdeal is seeking investment to shore up its finances after unsuccessful talks with Chinese funds and Alibaba Group Holding Ltd as it battles to remain competiti

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GOLDMAN: OPEC's oil production cuts were smart but they're having unintended consequences

The Organization of Petroleum Exporting Countries made a smart move to limit production,&nbsp;but the move has had some&nbsp;unforeseen effects, according to Goldman Sachs analysts.&nbsp; <

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Google opens 'shortcuts' on smartphones

Google wants to make it easier for you to find answers and recommendations on smartphones without having to think about what to ask its search engine. Its new feature, called &quot;sh

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UAE-Germany non-oil trade at $10.9 bln in first 9 months of 2016

Non-oil trade between the UAE and Germany stood at more than US$15.5 billion in 2015, and $10.9 billion in the first nine months of 2016, said Abdullah Al Saleh, Under-Secretary for Foreign Trad

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Activist investor Elliott owns Akzo Nobel's stock -source

March 17 (Reuters) - Activist investor Elliott Management owns shares in Akzo Nobel NV, a person familiar with the matter said on Friday, potentially adding pressure on the Dutch paint maker t

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IMF cuts Colombia 2017 economic growth estimate to 2.3 pct

BOGOTA, March 17 (Reuters) - The International Monetary Fund on Friday cut its 2017 forecast for Colombian economic growth to 2.3 percent from 2.6 percent, citing political uncertainty and fin

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McDonald's shareholders to weigh giving franchisees board seat

By Lisa Baertlein LOS ANGELES, March 17 (Reuters) - McDonald&#39;s Corp investors will vote soon on whether to give the franchisees who operate most of the fast-food chain&#39;s

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Japan Aso calls on G20 to reconfirm warning vs excess FX volatility

BADEN BADEN, Germany (Reuters) - Japanese Finance Minister Taro Aso said on Friday it was &quot;very important&quot; for the Group of 20 economies to reconfirm its warning that excess currency

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Wall St Week Ahead-Post-Fed boost for small-cap stocks may be limited

By Caroline Valetkevitch NEW YORK, March 17 (Reuters) - Small-cap stocks benefited from a dovish lining to the U.S. Federal Reserve&#39;s decision to raise interest rates this p

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SAIL, ArcelorMittal to resolve differences before May

New Delhi: The government today said it is hopeful that SAIL and ArcelorMittal will resolve differences over setting up of about Rs 5,000-crore autograde steel plant before May. &quot

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Dubai firm reveals plans to build world’s first 3D-printed skyscraper

DUBAI: A Dubai-based construction company has announced plans to build the world&rsquo;s first 3D-printed skyscraper. The firm, called Cazza, says that they plan to use a new co

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Posco Daewoo to invest US$112m in Bangladesh gas field

[DHAKA] South Korea&#39;s Posco Daewoo Corp plans to invest up to US$112 million over the next five years to explore for gas in a deep water block in the Bay of B

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Investments in renewable energy in MEA reach $8.7b

Dubai: Investments in the renewable energy sector picked up in 2016 across the Middle East and Africa, with greenfield transactions attracting $8.7 billion (Dh31.9 billion) of investments. Fact

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HSBC Appoints New Chairman

Hong Kong: Banking giant HSBC announced the appointment of a new chairman Monday as part of a management overhaul which will also see it choose a new CEO, after a massive drop in profits in 2016

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Intel bought Mobileye for $14 Billion for autonomous driving

Intel will buy Israel&#39;s Mobileye in a deal valued at just over $14 billion, the latest push by a major tech company to advance autonomous vehicles that could change the way traffic moves glo

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Expect India to be 3rd-biggest car market by 2020: Suzuki

Geneva: Suzuki Motor Corporation (SMC) expects India to grow into the third-biggest car market in the world by 2020 and is &quot;determined&quot; to play a big part in that growth. Th

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FPI net inflow kitty at Rs 10,000 cr in March so far

New Delhi: Foreign investors pumped in over Rs 10,000 crore in the Indian capital markets this month so far and the trend is expected to continue in coming weeks following the BJP&#39;s stunning

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McAfee to ramp up investment in India; add jobs

The company which has been part of Intel as Intel Security Group has close to 2,000 people in India with over 1,700 engineers. &nbsp; New Delhi: IT security firm McAfee is

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Bankruptcy laws

Answers Corp, which owns the Answers.com and Multiply websites, filed for Chapter 11 bankruptcy on Friday with a plan to swap ownership of the company to creditors who are owed about $540 millio

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Qatar Airways Plans Indian operation

Qatar Airways CEO said on Wednesday (08/03/2017) that Qatar Airways and Qatar Investment Authority plan to start a domestic airline in India. If their plan is implemented then Qatar Airways will

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HeliConference Dubai 2017 to kick off on April 17

HeliConference Dubai 2017, the Middle East&rsquo;s first dedicated conference that focusses on the helicopter industry, will be held in Dubai under the patronage of Vice President and Prime Mini

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Abu Dhabi expected to achieve 3.7% economic growth in 2017: Department of Economic Development

Khalifa bin Salem Al Mansouri, Acting Under-Secretary of the Department of Economic Development in Abu Dhabi, is expecting Abu Dhabi&rsquo;s economy to achieve a growth rate of between 3.5 to 3.

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Legg Mason bulks up in Dublin for Brexit fund flexibility

Move to ensure retains ability to sell to EU clients * No details on staff moves * <a href="http://www

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Saudi Aramco, McDermott sign MoU for construction of offshore platforms

Saudi Aramco signed a memorandum of understanding (MoU) with McDermott International for the integrated engineering procurement construction and installation (EPCI) of offshore platforms for M

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Saudi Telecommunications Ministry inks memo with IBM

RIYADH: The Ministry of Telecommunications and Information Technology on Wednesday signed a memorandum of understanding with IBM to promote cooperative programs at an advanced level. <d

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Boeing invents Max10 on 737

Bengaluru:&nbsp;Boeing Co has approached India&rsquo;s Spice Jet Ltd and Jet Airways Ltd as it gauges airlines&rsquo; interest in its 737 MAX-10 aircraft, the stretched version of the yet-to-be-

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Dubai venture capital firm Wamda launched $75 million fund and invested in 3 firms

Almost four months after raising $55.7 million from 26 limited partners, today Dubai-b

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Alqubaisi's Centurion Investment UAE acquired 40% of NMC group for $1 billion

&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; H.E. Mr. Saeed Bin Butti Alqubaisi today announced that he has acquired a significant stake in New Medical Centre LLC (NMC) through his company Centurion I

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Emirates NBD ranked top bank brand in the UAE

Emirates NBD is ranked the UAE&rsquo;s most valuable banking brand with a $3.406 billon brand valuation in The Banker&rsquo;s annual brand valuation league table. Fact Box description starts her

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Hyundai sales up 6% to 52,734 units in February

Hyundai Motor India Ltd (HMIL) on Wednesday reported a 6% increase in total sales at 52,734 units in February. The company had sold 49,729 units in February last year, HMIL said in a

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Arab CEOs will use private jets as personal taxis

Private Jet Charter says 10% of Arab CEOs use private jets for leisure travel Use of corporate jets is making a comeback globally and more particularly in the Middle East, a trend that is differ

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Business Investors

Al Mal Capital, a Dubai-based investment firm, has acquired Poinsettia Plaza, a 153,000 square feet shopping center located in Ventura, California.</p

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Mena equity markets to see growth

Equity markets in

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Abu Dhabi's ADNOC signs 10-year LPG sale deal with Vitol

The Abu Dhabi Nat

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Oil rises towards top of recent trading range as Opec cuts output

Oil rose on Tuesday after exchange data showed hedge funds pl

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Google parent sues Uber for stealing self-drive technology

Alphabet on Thursday filed a lawsuit accusing Uber and its se

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Apple Rumors

Rumours about new iPhones normally centre on the screen, proc

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