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Microsoft Scores Five-Year Software Deal With Coca-Cola

Microsoft Corp. (MSFT) scored a five-year strategic deal to provide Coca-Cola Co. (KO) with its business software.Under the terms of the partnership agreement, Coca-Cola will use a string of Microsoft’s products including Azure, Dynamics 365, its sales software, Microsoft 365 cloud services, as well as its business messaging application Microsoft Teams. Coca-Cola seeks technology solutions to gain new insights from data across the enterprise, enabling a 360-degree view of the business, and providing enhanced customer and employee experiences, it said.”Innovation and growth are key pillars of our business,” said Barry Simpson, senior vice president and chief information and integrated services …read more […]

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Trump Questions Whether U.S. Should Aid ‘Democrat’ States

(Bloomberg) — President Donald Trump questioned whether the federal government should provide financial assistance to “poorly run” states led by Democrats on Monday, again framing the U.S. response to the coronavirus outbreak in partisan terms.Trump appeared to align himself with Senate Majority Leader Mitch McConnell, who has said Congress shouldn’t debate relief to cash-strapped states until legislators reconvene in May. The Kentucky Republican has suggested states with large pension obligations under union contracts should be forced into bankruptcy instead of receiving federal aid.Many Democrats and some Republicans have criticized McConnell’s bankruptcy proposal, arguing such a move would have far-reaching and …read more […]

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Can gold love a coronavirus crisis?

Driven by investors’ clamour for insurance against economic turmoil and the potential devaluation of assets and currencies, some predict a bull run reminiscent of gold’s price rally to record highs just shy of $2,000 in 2011. Bank of America Merrill Lynch has even said it could touch $3,000 by the end of next year. …read more […]

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In Global Electricity Slump, Coal Is the Big Loser

(Bloomberg) — As silent factories and deserted offices hobble demand for electricity worldwide, the biggest loser is coal.In the U.S., coal’s share of power generation has dropped more than 5 percentage points since February on the nation’s biggest grid while output from natural gas plants and wind farms held steady. In Europe, it’s down 2 points. Even in China and India, where coal still dominates, it’s losing market share during the pandemic.It comes down to cost. Coal power is more expensive than gas and renewables in many places and, hence, is the first fuel priced out of the market when …read more […]

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Boeing negotiation for Embraer's commercial division 'no longer helpful': CEO

Boeing, which is working to bring its 737 MAX jet back into service after two fatal crashes, canceled the $4.2 billion deal for the Brazilian company’s regional jet division over the weekend, prompting Embraer to initiate arbitration. “It is deeply disappointing, but we had reached a point where continued negotiation was no longer helpful,” Calhoun told the virtual meeting. Calhoun said Boeing expects it will take two to three years for travel to return to 2019 levels and an additional few years more for industry’s long-term trend growth to return. …read more […]

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2 5G Stocks to Consider as the Trend Heats Up

5G is here. The new digital wireless technology first started to make waves in 2017, with connectivity tests in Argentina, Norway, and Poland. By late 2018, active 5G networks were starting to appear on a limited basis in various urban areas, and in 2019 the first nationwide networks went into operation in the US and China. As 2020 matures, industry analysts expect to see these networks expand, as providers move into the mid- and high-frequency bands.The new network rollout brings with it a slew of opportunities, as does any new technology. Original equipment manufacturers will need new components. The new …read more […]

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Buffett and Abel, but not Munger, to field questions at Berkshire annual meeting

Berkshire said on Monday that Buffett, 89, and Vice Chairman Greg Abel, 57, will be physically present to answer shareholder questions at the afternoon meeting, but other directors including Munger and Vice Chairman Ajit Jain will be absent. The meeting is normally part of a weekend of festive events that draws more than 40,000 people to Omaha, Nebraska, where Berkshire is based, but the coronavirus pandemic forced Berkshire to scrap those events and keep shareholders away. …read more […]