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Home2018October

Month: October 2018

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Business News

U.S. factory activity slows; construction spending edges up

October 1, 2018 admin Comments Off on U.S. factory activity slows; construction spending edges up

U.S. manufacturing activity slowed in September as growth in new orders moderated sharply, but factories hired more workers, pointing to sustained strength in the sector.

…read more […]

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Factbox: Thyssenkrupp breaks into two

October 1, 2018 admin Comments Off on Factbox: Thyssenkrupp breaks into two

Thyssenkrupp last week unveiled plans to spin off its capital goods business into a separately-listed entity, effectively splitting the conglomerate in two.

…read more […]

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Husky sees MEG as potential ‘hand-in-glove’ Canada oil sands merger

October 1, 2018 admin Comments Off on Husky sees MEG as potential ‘hand-in-glove’ Canada oil sands merger

Husky Energy Inc’s hostile bid for MEG Energy Corp reflects the need for Canadian oil companies to own integrated assets, from production to refineries, to manage the deep price discounts on Canadian crude, Husky’s chief executive said on Monday.

…read more […]

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Tesla produced 53,000 Model 3s in third quarter: Electrek

October 1, 2018 admin Comments Off on Tesla produced 53,000 Model 3s in third quarter: Electrek

Tesla Inc produced 53,000 Model 3 sedans in the third quarter ended Sept. 30, Electrek reported on Monday, citing a source familiar with the matter.

…read more […]

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Tech, industrials lift Wall Street higher

October 1, 2018 admin Comments Off on Tech, industrials lift Wall Street higher

U.S. stocks advanced on Monday, led by gains in shares of technology and industrial companies, as a last-minute deal to save NAFTA as a trilateral pact raised hopes for progress in talks with other countries at the start of the fourth quarter.

…read more […]

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Thyssenkrupp to quickly exit industrials spin-off after split

October 1, 2018 admin Comments Off on Thyssenkrupp to quickly exit industrials spin-off after split

Thyssenkrupp is to quickly sell a minority stake it will own in the capital goods business due to be spun off, the conglomerate’s chief executive told analysts on Monday.

…read more […]

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Tesla shares jump after Musk settles with SEC

October 1, 2018 admin Comments Off on Tesla shares jump after Musk settles with SEC

Shares of Tesla Inc jumped nearly 15 percent on Monday after Chief Executive Elon Musk settled a lawsuit from the U.S. Securities and Exchange Commission (SEC) that sought to remove him from company management.

…read more […]

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Volvo not considering diesel car retrofits in Germany: spokeswoman

October 1, 2018 admin Comments Off on Volvo not considering diesel car retrofits in Germany: spokeswoman

Volvo is not considering any hardware retrofits for diesel vehicles in Germany, a company spokeswoman said on Monday, denying a report by Germany’s Der Spiegel magazine that said the Swedish carmaker was mulling that option.

…read more […]

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General Electric replaces CEO and shares soar

October 1, 2018 admin Comments Off on General Electric replaces CEO and shares soar

General Electric Co replaced Chief Executive Officer John Flannery on Monday and said it would take a roughly $23 billion charge to write off goodwill in its power division, primarily from a large acquisition it made in 2015.

…read more […]

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Mexico president calls trade agreement a ‘win-win-win’ deal

October 1, 2018 admin Comments Off on Mexico president calls trade agreement a ‘win-win-win’ deal

Mexican President Enrique Pena Nieto said on Monday the trade agreement finalized on Sunday between the United States, Mexico and Canada is a “win” for all three countries.

…read more […]

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Ex-Apple engineers show their startup’s self-driving car sensor

October 1, 2018 admin Comments Off on Ex-Apple engineers show their startup’s self-driving car sensor

Two former Apple Inc engineers on Monday gave new details about the sensor system their startup company, Aeva Inc, is making to help self-driving cars see the world around them.

…read more […]

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New Fiat Chrysler boss picks team to tackle industry in flux

October 1, 2018 admin Comments Off on New Fiat Chrysler boss picks team to tackle industry in flux

Fiat Chrysler’s new boss unveiled his management team on Monday, seeking to revive the automaker in Europe, forge ahead in North America and keep the group in contention in the industry’s race to develop self-driving and electric cars.

…read more […]

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Trump: Canada, Mexico trade pact ‘great deal’ for all sides

October 1, 2018 admin Comments Off on Trump: Canada, Mexico trade pact ‘great deal’ for all sides

President Donald Trump hailed Canada on Monday after the two countries forged a last-minute deal to salvage their trilateral NAFTA accord with Mexico, marking a key victory in the U.S. leader’s effort to shake up global trade.

…read more […]

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Trump to hold news conference on new NAFTA deal on Monday morning

October 1, 2018 admin Comments Off on Trump to hold news conference on new NAFTA deal on Monday morning

President Donald Trump will hold a news conference on the new trade deal to replace the North American Free Trade Agreement on Monday at 11 a.m. (1500 GMT), he said on Twitter.

…read more […]

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Pfizer replaces long-time CEO Read with veteran Bourla

October 1, 2018 admin Comments Off on Pfizer replaces long-time CEO Read with veteran Bourla

Pfizer Inc said on Monday Chief Executive Ian Read would become executive chairman from the start of next year, handing the reins of the largest U.S. drugmaker to veteran insider Albert Bourla after eight years in charge.

…read more […]

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