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German Chancellor Angela Merkel’s handpicked successor will not run for the CDU

The head of Germany’s ruling Christian Democrats was supposed to succeed Chancellor Angela Merkel as the next leader of Germany. However, she no longer plans to run in the 2021 general elections. Yahoo Finance’s Oscar Willams-Grut joins On the Move with the details. …read more […]

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Sprint’s Fate: Either No T-Mobile Deal or a Lower Takeover Price

(Bloomberg) — Shares of Sprint Corp., meant to be acquired by T-Mobile US Inc. in a pending $26.5 billion takeover, spent the past year in a steady swoon — and that was fine with Deutsche Telekom AG, T-Mobile’s parent company.Federal regulators have approved the combination of the two smallest national wireless carriers, but a group of state attorneys general has sued to block the deal, saying it could reduce competition and harm consumers. A federal judge has heard testimony from both sides and is expected to return with a decision within weeks.Sprint’s value has eroded as the deal hangs in …read more […]

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Just How Much Is Enough?

One of the foundational questions about income and wealth is how much is enough? As it turns out, the answer is largely personal.
Today Alexander Green explains why the definition of a rich life varies so much from person to person – and what wealth really means.

One of the foundational questions about money is one that few agree on: How much is enough?
In our increasingly competitive world, some believe that money is the way we measure competence, success, even our worth as individuals.
This isn’t just wrongheaded, in my view. It’s offensive.
There are plenty of folks doing incredibly skilled and underpaid work …read more […]

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Amazon seeks to depose Trump about 'order to screw Amazon' in Pentagon deal

Amazon Web Services said on Monday it was seeking to depose President Donald Trump and Defense Secretary Mark Esper in its lawsuit over whether the president was trying “to screw Amazon” when it awarded a Pentagon contract for cloud computing to rival Microsoft Corp. The Amazon.com Inc unit alleged that Trump, who has publicly derided Amazon head Jeff Bezos and repeatedly criticized the company, exerted undue influence on the decision to deny it the $10 billion contract. Known as the Joint Enterprise Defense Infrastructure Cloud, or JEDI, the contract is intended to give the military better access …read more […]

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Peter Thiel Whittles Down His Facebook Stake to Just $2 Million

(Bloomberg) — Billionaire Peter Thiel, an early investor in Facebook Inc. who once controlled 45 million shares of the social-media giant, unloaded most of his remaining stake last week.Thiel, a member of Facebook’s board, sold 53,602 shares held by his Rivendell One LLC for $11 million, leaving him with about $2 million of stock, according to a regulatory filing Friday.The transactions are the latest in a series of sales in recent years that have left Thiel with just 9,948 directly held shares. He sold most of his stake in 2012.Shares of Menlo Park, California-based Facebook climbed 27% in the past …read more […]

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Ford Board Leaves Embattled CEO With Little Room for Error

(Bloomberg) — A little executive bloodletting can sometimes ease the pressure on an embattled chief executive officer. But Jim Hackett is unlikely to see any letup from Ford Motor Co.’s board following the surprise early retirement of one his two top lieutenants.Joe Hinrichs, Ford’s 53-year-old automotive president, will leave on March 1 after almost two decades with the company. As a rising star under celebrated former CEO Alan Mulally, he was put on the fast track to be a potential heir to the top job.With Hinrichs out of the picture, Ford is elevating Jim Farley, the company’s only other president, …read more […]