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Putin seeks to defuse downing of Russian plane off Syria

The downing of the Il-20 highlighted the dangers posed by the conflicting interests of various powers in the crowded skies over Syria and threatened the close security ties between Russia and Israel. In an effort to maintain that relationship, Israeli Prime Minister Benjamin Netanyahu quickly called Putin to express sorrow over the death of the plane’s crew, blamed the plane’s loss squarely on Syria and offered to send Israel’s air force chief to Moscow to share information about the incident. …read more […]

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Facebook Is JPMorgan’s Most Controversial Company in Portfolio

After a turbulent 2018, the world’s largest social media group is in transition as it pushes to feature Instagram’s Stories more prominently on its core platform and roll out stronger privacy tools, JPMorgan analyst Doug Anmuth told clients in a note. Facebook is down more than 26 percent from its recent high less than two months ago. JPMorgan said expenditures will curb what Facebook should earn next year, and the year after that. …read more […]

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DoJ requests documents related to Musk statement on taking Tesla private

“We have not received a subpoena, a request for testimony, or any other formal process,” a Tesla spokesman said in an emailed response to Reuters questions about an investigation. The DoJ declined to comment. Federal prosecutors have opened a fraud investigation, Bloomberg reported https://bloom.bg/2D9F8mI. The report, citing two people familiar with the matter, said the department launched an investigation over Musk’s tweets in early August that he had secured funding for a buyout deal valued at $72 billion. …read more […]

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U.S. DoJ requests documents related to Musk statement on taking Tesla private

“We have not received a subpoena, a request for testimony, or any other formal process,” a Tesla spokesman said in an emailed response to Reuters questions about an investigation. The DoJ declined to comment. Federal prosecutors have opened a fraud investigation, Bloomberg reported https://bloom.bg/2D9F8mI. The report, citing two people familiar with the matter, said the department launched an investigation over Musk’s tweets in early August that he had secured funding for a buyout deal valued at $72 billion (54.8 billion pounds). …read more […]

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Brazil diesel subsidy program threatens Petrobras, market -FCStone

Brazil could face a diesel shortage at the end of 2018 or state-controlled oil company Petroleo Brasileiro SA may be forced to eat losses on fuel sales thanks to a diesel subsidy program, analyst and broker INTL FCStone said on Tuesday. The program, unveiled in May to halt a truckers’ strike over rising diesel prices, set prices too low and has yet to pay out compensation to most diesel importers, FCStone said in a statement. “Private imports are paralyzed, and Petrobras is practically the only agent bringing the product to …read more […]

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SunPower receives exemption from Trump tariffs, shares soar

SunPower is based in San Jose, California but produces most of its solar products in Mexico and the Philippines. The exemption covers SunPower’s premium, high-efficiency interdigitated back contact (IBC) cells and modules, which the company argued stood apart from the cheap, commoditized imports that dominate the market and were the target of the tariffs. “With today’s decision that SunPower’s highly differentiated IBC cells and modules are excluded from tariffs, we are able to turn the page,” SunPower Chief Executive Tom Werner said in a statement. …read more […]

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Tesla, Musk face criminal probe over go-private statements: Bloomberg

Tesla did not immediately respond to a request for comment, while DoJ declined to comment. Federal prosecutors opened a fraud investigation, the report said, citing two people familiar with the matter, over Musk’s tweets in early August that he had secured funding for a buyout deal valued at $72 billion, before backing off. …read more […]

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Apple’s new iPhones a slight notch above the X – reviewers

The new iPhones have subtle additions to last year’s reimagined iPhone X, the tenth anniversary phone, and do not look very different aside from the ginormous size, several reviewers said. The iPhone XS, pronounced “ten S,” and XS Max were launched on Sept. 12. The XS has a 5.8-inch screen, and starts at $999 while the XS Max, the largest iPhone to date has a 6.5-inch screen, with a base price of $1,099. …read more […]