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Exclusive – Lithium producer Albemarle eyes buying FMC if its IPO stumbles: source

The comments, which have not previously been publicly disclosed, come at a time of rapid growth and cutthroat competition across the lithium sector as Albemarle seeks to tap into surging demand for high-tech batteries like those used in Tesla Inc’s Model X and other electric vehicles. Philadelphia-based FMC, primarily a pesticides maker, said in February it would launch a $500 million (390.7 million pounds) initial public offering in October of a stake in its lithium business. Livent’s stock multiple, which will reflect how the stock trades compared to its expected earnings, will be closely watched by Wall Street …read more […]

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JD.com CEO was arrested on allegation of rape – police report

MINNEAPOLIS/SHANGHAI (Reuters) – The founder and chief executive of Chinese retailer JD.com Inc, Richard Liu, was arrested in Minneapolis last week following an allegation of rape, according to a public information report released by police on Tuesday. Liu, identified in the report by his Chinese name Liu Qiangdong, was released from custody on Saturday without being charged, and he returned to China. Earl Gray, a Minnesota-based lawyer for Liu, said on Monday that the Chinese businessman has denied any wrongdoing and that he did not expect his client to be charged. …read more […]

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JD.com CEO was arrested on allegation of rape – police report

MINNEAPOLIS/SHANGHAI (Reuters) – The founder and chief executive of Chinese retailer JD.com Inc, Richard Liu, was arrested in Minneapolis last week following an allegation of rape, according to a public information report released by police on Tuesday. Liu, identified in the report by his Chinese name Liu Qiangdong, was released from custody on Saturday without being charged, and he returned to China. Earl Gray, a Minnesota-based lawyer for Liu, said on Monday that the Chinese businessman has denied any wrongdoing and that he did not expect his client to be charged. …read more […]

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A watchdog group pretended to be Russian and bought 'divisive' Google ads — now, Google is blasting the group for its ties to Oracle (GOOG, GOOGL)

The group bought the ads using rubles and a Russian-based IP address and used similar language and images as were allegedly used by Russian operatives to influence the 2016 US presidential elections. According to the watchdog group, Google did nothing to stop them. Google, for its part, is blasting the watchdog group for its ties to Oracle, a major rival to the company. …read more […]

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Breaking Down the August U.S. Auto Sales Reports

Sep.04 — General Motors Co.’s sales fell almost 13 percent in August as the automaker pulled back on sales incentives, especially for full-size pickups, people familiar with the matter said. Bloomberg’s David Welch breaks down August U.S. auto sales on “What’d You Miss?” …read more […]