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U.S. to review petition seeking formal defect probe into 500,000 Tesla vehicles

The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate 500,000 Tesla Inc models over sudden unintended acceleration reports. The petition covers 2012 through 2019 model year Tesla Model S, 2016 through 2019 Tesla Model X, and 2018 through 2019 Tesla Model 3 vehicles, the agency said. …read more […]

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How to Invest in Self-Driving Car Stocks

Investing in plain old car stocks too boring for you? We have just the thing for you. Why not invest in self-driving car stocks and take advantage of one of the premier innovations in recent technology?
But before you dive head first into something completely out of your control (quite literally), let’s take a look at what exactly a self-driving car is. And why the technology may prove to be a lucrative investment for you.
What Is a Self-Driving Car?
A self-driving car (or autonomous vehicle, or driverless car) is a vehicle that can safely drive from place to place with full automation. …read more […]

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India Snubs $1 Billion Amazon Investment as Resentment Grows

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. India’s government has scoffed at Amazon.com Inc. founder Jeff Bezos’ offer to invest $1 billion in the country, firing the latest salvo at an e-commerce giant that’s been accused of predatory business practices.Trade minister Piyush Goyal delivered a stinging rebuke two days after Bezos arrived in New Delhi and touted his efforts to help digitize small and medium enterprises. The investment would bring Amazon’s bet on the Indian market to about $6.5 billion. Goyal told a gathering of foreign ministers …read more […]

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Vodafone Idea’s Future Clouded After Court Snub; Shares Dive

(Bloomberg) — Vodafone Group Plc’s India venture plunged by a record on prospects of having to pay the government $4 billion in back-fees as early as next week, highlighting concerns over the future of the beleaguered mobile carrier.Local wireless operators including Vodafone Idea Ltd. and Bharti Airtel Ltd. suffered a blow Thursday, when the nation’s Supreme Court rejected their appeal against an October verdict requiring them to pay as much as $13 billion for spectrum and license fees. The companies were counting on some relief, such as a reversal of the earlier order, reduced liabilities or even staggered payment.Shares of …read more […]

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Stocks Advance With U.S. Futures; Treasuries Dip: Markets Wrap

(Bloomberg) — Stocks marched higher alongside U.S. equity futures on Friday as investors mulled earnings and economic data while maintaining the momentum that’s put global indexes at records highs this week. Treasuries slipped.The Stoxx Europe 600 Index opened higher, with all 19 industry groups advancing, after most of Asia’s main markets rose. Shares fluctuated in Shanghai after data showed Chinese industrial output beat estimates. Contracts on the S&P 500 Index also climbed, signaling the underlying gauge will add to the record close it hit after U.S. retail sales strengthend in December.Treasuries dipped, including longer-dated notes, after the U.S. announced plans …read more […]

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Bayer close to Roundup settlement, mediator tells Bloomberg

Bayer is close to settling more than 75,000 cancer claims related to its Roundup herbicide, mediator Ken Feinberg told Bloomberg in an interview, saying he was “cautiously optimistic” a deal could be reached in about a month. Feinberg was quoted as saying that the number of cases had grown to between 75,000 and 85,000 and “maybe more”. Bayer in October said it was now facing 42,700 U.S. plaintiffs blaming its glyphosate-based weedkillers for their cancer. …read more […]

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LVMH Wants to Shine Bright Like a Diamond

(Bloomberg Opinion) — If you have to ask the price, you can’t afford it. No wonder Bernard Arnault, France’s richest man, isn’t disclosing the details of LVMH Moet Hennessy Louis Vuitton SE’s deal to carve up the second-biggest diamond ever recorded in the history books.On Thursday, Lucara Diamond Corp. said it had entered into a collaboration with LVMH that will see the 1,758-carat Sewelo diamond, which is roughly the size of a tennis ball, turned into Louis Vuitton jewelry. The stone’s name means “rare find.” LVMH is probably one of the few luxury groups that could pull off such a …read more […]