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Oil falls as coronavirus spread beyond China heightens demand fears

February 21, 2020 admin Comments Off

Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market. Brent crude was down 28 cents, or 0.5%, at $59.03 a barrel by 0332 GMT, while U.S. crude was also off by 28 cents, or 0.5%, at $53.60 a barrel. On Friday South Korean authorities confirmed 52 new coronavirus infections, Yonhap reported. …read more […]

Oil prices slide as coronavirus spread beyond China raises demand worries

February 21, 2020 admin Comments Off

Oil prices fell on Friday with fears for fuel demand growing as the coronavirus epidemic that originated in China spread further beyond the country, while major crude producers stood pat on taking early action to cut output to support the market.

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U.S. dollar, bonds get safe-haven rush as virus spreads

February 21, 2020 admin Comments Off

Asian shares were cast adrift on Friday as fears over the creeping spread of the coronavirus sent funds fleeing to the sheltered shores of U.S. assets, lofting the dollar to three-year highs.

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Icahn Suggested HP Buy Xerox With Offer About to Go Public

February 21, 2020 admin Comments Off

(Bloomberg) — Xerox Holdings Corp.’s largest shareholder made a suggestion as the printer maker was preparing to go public with its takeover offer for HP Inc. in November: buy us instead.Activist investor Carl Icahn raised the idea of HP acquiring Xerox for $45 a share in a phone call with HP Chief Executive Officer Enrique Lores in November, according to people familiar with the matter. HP executives viewed the proposal as over-valuing Xerox and decided not to pursue it, said the people, who asked to not be identified because the matter isn’t public.Icahn, who owns about 11% of Xerox and …read more […]

T-Mobile, Sprint amend merger terms, SoftBank takes a hit

February 21, 2020 admin Comments Off

T-Mobile US and Sprint Corp said on Thursday that they had agreed on new merger terms that would reduce the stake of major Sprint shareholder SoftBank, while leaving the offer to other shareholders unchanged.

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New Mexico AG sues Google for collecting school kids’ personal data

February 21, 2020 admin Comments Off

New Mexico Attorney General Hector Balderas on Thursday sued Alphabet Inc’s Google search engine, alleging that its educational software collects young students’ personal information without the required parental consent.

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Branson targets younger cruise crowd with DJs, tattoos and yoga

February 21, 2020 admin Comments Off

British entrepreneur Richard Branson will unveil the “Scarlet Lady” on Friday, a 60,000 tonne cruise liner complete with a tattoo studio and yoga deck aimed at drawing in a younger generation of holiday-makers.

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Tesla’s Secret Weapon In The EV Revolution

February 21, 2020 admin Comments Off

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Outbreak will not change China’s commitments to buy U.S. goods: senior U.S. official

February 21, 2020 admin Comments Off

The U.S. government expects China to honor its commitments to buy more U.S. goods under a trade deal signed by the world’s two largest economies in January despite the fast-spreading coronavirus outbreak, a senior U.S. official said on Thursday.

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Airbus investing up to 1 billion euros in A220 passenger jet program this year

February 21, 2020 admin Comments Off

Airbus SE plans to invest between 500 million euros and 1 billion euros ($539 million-$1.08 billion) this year on its A220 passenger jet program, Chief Executive Guillaume Faury said on Thursday at the company’s A220 factory in Mirabel, just outside Montreal.

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Dropbox shares rise after upbeat results, share buyback plan

February 21, 2020 admin Comments Off

Dropbox Inc on Thursday reported a better-than-expected quarterly profit, raised its outlook for operating margin and announced a $600 million share buyback, sending its shares up 11% in trading after the bell.

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