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AT&T raises DirecTV Now pricing by $5 per month
Following last week’s launch of its low-cost streaming TV service, Watch TV, …read more […]
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Business News
Volkswagen components business to become independent entity
FRANKFURT (Reuters) – Volkswagen said its components development and manufacturing business would become an independent entity within the group from January 2019, alongside the VW Passenger Cars business and Volkswagen Commercial Vehicles.
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Tesla made 5,031 Model 3s in a week
Tesla’s ultimate fate, and Elon Musk’s reputation has hinged on being able to …read more […]
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Wall Street opens lower as tariff worries weigh
(Reuters) – Major U.S. stock indexes opened about half a percent lower on Monday, starting the second half of 2018 on a grim note due to mounting worries of a tariff war between the United States and its trading partners.
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Is Devon Energy (DVN) Stock Outpacing Its Oils-Energy Peers This Year?
Is (DVN) Outperforming Other Oils-Energy Stocks This Year? …read more […]
Business News
New salvo from activist investor turns up heat on Nestle
LONDON (Reuters) – Nestle faces greater pressure to speed up change after activist investor Third Point stepped up its criticism of the world’s largest food company.
Business News
Tesla makes good on 5,000 Model 3 production target
(Reuters) – Tesla Inc produced 5,031 Model 3 electric cars in the last seven days of its second quarter, the company said on Monday, beating its long-elusive production target after several hiccups.
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MoviePass parent says it may sell up to $1.2B in equity and debt to finance operations and growth
The all-you-can watch movie theatre subscription service MoviePass, now with 3 …read more […]
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U.S. Banks Weak Again After Worst Reversal in Nearly Three Years
U.S. financials are still nursing their June hangover. The Financial Select Sector SPDR exchange-traded fund fell as much as 0.9 percent in early trading Monday, with JPMorgan, Bank of America, Citigroup, and Goldman Sachs all lower. The drop follows the KBW Bank Index’s dramatic Friday that delivered the biggest intraday reversal — from up as much as 2.1 percent to ending in negative territory — since Aug. 25, 2015. …read more […]
Business News
EU warns U.S. of boomerang effect if Trump imposes car levies
BRUSSELS (Reuters) – The European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on $294 billion of U.S. exports.
Business News
Dell to buy out VMware tracking stock in move to go public again
(Reuters) – Dell Technologies Inc said on Monday it would buy the tracking stock of VMware Inc in a cash and stock deal, taking a step closer to a return to the public market and ending a months-long review of its business.
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Canadian tariffs on U.S. goods begin
Canada began imposing tariffs Sunday on $12.6 billion in U.S. goods as retaliation for the Trump administration’s new taxes on steel and aluminum imported to the United States. …read more […]
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Canada levies 10-percent tariffs on ketchup
CNBC’s Seema Mody reports on how Canadian retaliatory tariffs will affect American-made goods like ketchup. …read more […]
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Trump’s former personal lawyer says he’ll put family first
In Cohen’s first interview since federal agents raided his home and hotel room as part of a probe into his personal business dealings, Michael Cohen was asked what he would do if prosecutors forced him to choose between protecting the president and protecting his family. Stephanopoulos said he asked Cohen how he might respond if the president or his legal team came after him and tried to discredit the work he did for Trump over the last decade. …read more […]
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Bank of America Is Going to Dimonland
Bank of America’s plans to expand in Jamie Dimon’s home turf. …read more […]