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SoftBank joins GM in self-driving car push; GM shares soar

(Reuters) – Japan’s SoftBank Group Corp will invest $2.25 billion in General Motors Co’s autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker’s leadership in self-driving cars and sent GM shares up more than 10 percent.

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Business News

SoftBank invests $2.25 billion in GM’s self-driving cars; shares soar

(Reuters) – Japan’s SoftBank Group Corp will invest $2.25 billion in General Motors Co’s autonomous vehicle unit, Cruise, the companies said on Thursday, announcing a deal that validates the venerable Detroit automaker’s leadership in self-driving cars and sent GM shares up more than 10 percent.

…read more […]

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As Trump talks of trade losses, China is a win for U.S. East Coast ports

CHARLESTON, S.C. (Reuters) – For America’s fastest growing East Coast ports, trade with China equals billions of dollars of investment and thousands of well-paid jobs in the heart of Trump country and not, as the president portrays it, the death knell for America’s middle class.

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Business News

SoftBank invests $2.25 billion in GM’s self-driving cars; shares soar

(Reuters) – Japan’s SoftBank Group Corp will invest $2.25 billion in General Motors Co’s autonomous vehicle unit, Cruise, the companies said on Thursday, announcing a deal that validates the venerable Detroit automaker’s leadership in self-driving cars and sent GM shares up 10 percent.

…read more […]