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UPDATE 1-Samsung Elec says Q3 profit seen down 56%, beats expectations

South Korean tech giant Samsung Electronics on Tuesday reported its third-quarter operating profit likely tumbled 56%, hurt by a downturn in global memory chip prices but slightly better than analysts had anticipated. The world’s biggest semiconductor firm by revenue has struggled since late last year as a weak global economy and slower spending from data centre customers ended a two-year boom in the memory chip market where Samsung rakes in around two thirds of its entire profit. Operating profit for the July to September quarter was likely 7.7 trillion won ($6.44 billion), Samsung said, down from a record …read more […]

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U.S. Blacklists Eight Chinese Tech Companies on Rights Violations

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Trump administration placed eight Chinese technology companies on a U.S. blacklist on Monday, accusing them of being implicated in human rights violations against Muslim minorities in China’s far-western province of Xinjiang.The companies include two video surveillance companies — Hangzhou Hikvision Digital Technology Co. and Zhejiang Dahua Technology Co. — that by some accounts control as much as a third of the global market for video surveillance and have cameras all over the world.The move, which was announced after U.S. …read more […]

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Boeing Sued by Southwest Pilots on ‘Rush’ to Sell Unsafe Max

(Bloomberg) — The union for Southwest Airlines Co. pilots sued Boeing Co., saying the manufacturer rushed output of the 737 Max jet to stay competitive, withholding key information about a feature that contributed to two fatal crashes within five months.“Boeing made a calculated decision to rush a re-engined aircraft to market to secure its single-aisle market share and prioritize its bottom line,” said the Southwest Airlines Pilots Association suit. The union said it’s seeking at least $115 million for damages sustained through the end of this year, primarily for lost pay and legal expenses.“Boeing abandoned sound design and engineering practices, …read more […]

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A Big Threat Is Coming for Monster Beverage

Speaking from a personal perspective, I’ve never understood (let alone liked the taste of) the so-called “energy drinks” that you see flooding the market these days.
Loading up a carbonated beverage with sugar and caffeine – and calling it an “energy drink” – shouldn’t be a big breakthrough.
Specifically, two cans of Monster Energy contain 480 milligrams of caffeine, which translates into the caffeine equivalent of 14 12-ounce cans of Coca-Cola!
It’s not hard to get your heart beating out of your chest with those caffeine doses.
In fact, due to some past lawsuits about these extremely high levels, Monster Beverage (Nasdaq: MNST) now …read more […]

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How To Invest In Stocks (5 Step Guide)

One of the most common questions we get from our readers about investing is “Where do I get started? How do I buy my first stock?”
It can seem intimidating at first, but it’s really not that difficult. Learning how to invest in stocks has helped more people generate wealth faster than just about anything else. Today we’ll walk you through an easy 5-Step Guide on How to Invest in Stocks.
1. Pick an Online Broker
This first step can seem daunting to some, but you only need to do it once. There are a variety of brokers to choose from. To get …read more […]

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Brazil's Bradesco proposes $1.95 bln extraordinary dividend payment -filing

Brazil’s second largest private lender Banco Bradesco SA is proposing an 8 billion reais ($1.95 billion) extraordinary dividend payment, it said in a securities filing on Monday. Bradesco’s proposal comes as the bank has retained more capital than required by banking regulators. If approved by Bradesco’s board of directors on Oct. 17, the dividend will be paid on Oct. 23. …read more […]

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UPDATE 1-Longtime Morgan Stanley prime brokerage exec to retire -memo

Alex Ehrlich, co-head of the prime brokerage business at Morgan Stanley, plans to retire at the end of 2019, according to an internal memo seen by Reuters and confirmed by a spokesman. Ben Walker, who also co-heads the business, will become the sole chief of the unit, the Oct. 7 memo said. Ehrlich joined Morgan Stanley in 2009 after roles at UBS AG and Goldman Sachs in a career spanning 40 years. …read more […]

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PG&E May Carry Out Biggest Service Shutoff Yet on Fire Risk

(Bloomberg) — Bankrupt utility owner PG&E Corp. issued an unprecedented warning to cut power in about 30 California counties as hot and windy conditions leave the state at risk of wildfires.The move may affect vast swaths of Northern and Central California, including Santa Clara, San Mateo, Napa and Alameda counties, according to a statement Monday. High winds are forecast in the region from late Tuesday through Thursday afternoon, prompting the National Weather Service to issue a fire weather watch.PG&E and other California utilities have been taking aggressive measures to keep equipment from sparking blazes after power lines ignited catastrophic fires …read more […]

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UPDATE 1-Kroger to stop sales of e-cigarettes at stores

Kroger Co said on Monday it would stop selling e-cigarettes at its stores and fuel centers, making it the latest U.S. supermarket chain to take the step amid growing regulatory scrutiny of the product. The company said it would discontinue sales after selling through its current inventory and cited “mounting questions and increasingly-complex regulatory environment associated with these products” for its decision. Kroger’s move comes a month after Walmart Inc said it would stop selling e-cigarettes and electronic nicotine delivery products at its U.S. stores. …read more […]