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VW’s Skoda shifts some SUV production to Germany
BERLIN (Reuters) – Volkswagen AG’s Czech division Skoda said it will shift some production of sport-utility vehicles (SUVs) to Germany to meet growing demand for its models.
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Apple deleted a revealing job listing that hints at plans to cut Qualcomm and Intel chips from future phones (AAPL, QCOM, INTC)
Wireless networks are looking towards 5G, a new network technology that promises faster, higher bandwidth cellular internet. So is Apple, according to a new job listing. …read more […]
Business News
Wall Street slides as healthcare drags but manages monthly gain
NEW YORK (Reuters) – Wall Street fell on Monday as healthcare stocks slid and investors worried about rising costs for companies as oil prices rose, although the major indexes eked out a gain in April to snap a two-month losing streak.
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Berkshire's Combs is working on an idea that Warren Buffett hopes every company will steal
Warren Buffett’s deputy Todd Combs is spending most of his time searching for a CEO now. …read more […]
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Did Philip Morris International's Smoke-Free Future Just Go Up in Smoke?
The tobacco giant’s latest earnings report clouds the picture of how much e-cigs can grow. …read more […]
Business News
Wall Street drops as healthcare slides, oil climbs
NEW YORK (Reuters) – Wall Street fell on Monday as healthcare stocks slid and rising oil prices and a looming deadline for exemptions to U.S. steel and aluminum tariffs weighed on investor sentiment.
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Central American asylum seekers denied US entry for 2nd day
About 200 people in a caravan of Central American asylum seekers waited on the Mexican border with San Diego for a second straight day on Monday to turn themselves in to U.S. border inspectors, who said the nation’s busiest crossing facility did not have enough space to accommodate them. After a monthlong journey across Mexico under the Trump administration’s watchful eye, the asylum seekers faced an unexpected twist Sunday when U.S. Customs and Border Protection Commissioner Kevin McAleenan said San Diego’s San Ysidro border crossing facility had “reached capacity.” The agency said in a statement on Monday that it …read more […]
Business News
Canada stock market back in business after rare shutdown
TORONTO (Reuters) – Canada’s stock exchange, the world’s sixth largest, was back in business on Monday after a hardware glitch abruptly ended trading on Friday and the exchange operator TMX Group said it was working to ensure there will be no repeat of the embarrassing market disruption.
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In Your 60s? 3 Stocks You Should Consider Buying
These stocks have the right stuff for investors approaching retirement or who are already there. …read more […]
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3 Top Value Stocks to Buy Right Now
There’s no need to pay crazy prices for these solid companies. …read more […]
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Here's what Apple could do with its huge cash pile (AAPL)
Apple has the financial strength to ramp up its buyback program, according to RBC Capital Markets analyst Amit Daryanani. Apple could buy back $25 billion of its own stock over the next five years. At $261 billion, Apple has the largest cash pile of any US company, and a large chunk of that is stashed overseas. …read more […]
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Apple’s Jump Turns One Technical Analyst Bullish Before Earnings
Apple Inc. may have finally found some support. …read more […]
Business News
Health, industrials weigh on Wall St; oil gains on Israel comments
(Reuters) – Wall Street dipped on Monday afternoon, reversing gains from earlier in the session, weighed down by healthcare stocks, while surging oil prices added to worries about rising costs for companies.
Business News
U.S. argues AT&T hiding real consumer impact of Time Warner deal
WASHINGTON (Reuters) – AT&T sought to hide the high cost to consumers of its $85-billion deal to buy movie and TV producer Time Warner, the Justice Department said in its closing arguments on Monday as the United States tried to block the deal in court.
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Israel says documents prove Iran lied about nuclear program
Israel’s prime minister on Monday unveiled what he said was a “half ton” of Iranian nuclear documents collected by Israeli intelligence, claiming the trove of information proved that Iranian leaders covered up a nuclear weapons program before signing a deal with the international community in 2015. In a speech delivered in English and relying on his trademark use of visual aids, Prime Minister Benjamin Netanyahu claimed that the material showed that Iran cannot be trusted, and encouraged President Donald Trump to withdraw from the deal next month. “Iran lied big time,” Netanyahu declared. …read more […]