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Stocks creep higher, dollar retreats after U.S.- North Korea summit

World stocks crept higher on Tuesday while the dollar turned negative after hitting a three-week high at the end of a U.S.-North Korea summit aimed at the denuclearization of the Korean peninsula. U.S. President Donald Trump and North Korean leader Kim Jong Un pledged to work toward complete denuclearization of the Korean peninsula, while Washington committed to provide security guarantees for its old enemy. …read more […]

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Microsoft Judge Sees ‘Fatal’ Flaw in Women’s Group Bias Case

Microsoft Corp. women engineers seeking to pursue gender-discrimination claims as a group were told by a judge there may be a “fatal” flaw in their case. A 2011 decision by the U.S. Supreme Court requires plaintiffs to point to a common corporate policy or action that affected the women adversely, U.S. District Judge James L. Robart said Monday at a hearing in Seattle about whether to let the case proceed as a class action. Applying that contention to the legal standard set by the Supreme Court is “fatal to your class,” Robart said. …read more […]

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Activist investors push Sempra Energy for strategic review, board shakeup

Two investors in U.S. utility Sempra Energy including activist hedge fund Elliott Management on Monday urged a board shakeup and strategic review of the company’s businesses, sending its shares surging more than 14 percent. Elliott Management Corp and Bluescape Resources Co disclosed a combined 4.9 percent stake in Sempra Energy and called the company highly undervalued, saying it could be worth an additional $11 billion to $16 billion or a share price of $139 to $158. Sempra’s shares were last up $14.50 at $116.00. …read more […]

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Apple redesigned one of its critical apps that had a 2-star rating on the App Store (AAPL)

The only new app Apple launched at its annual developers conference is called App Store Connect.It allows app makers to easily administer and update the apps they build for iPhones and iPads.The app it’s replacing, iTunes Connect, had a 2-star rating. This shows that Apple is listening to customer feedback and is also moving away from the iTunes brand. …read more […]

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USG takes $7 billion offer from Knauf after spurned advances

Sheetrock maker USG Corp accepted a $7 billion cash offer from German construction products maker Gebr Knauf KG on Monday after three months of back-and-forth negotiations that began when longtime USG shareholder Warren Buffett teamed up with the German bidder to sell his stake. Buffett’s Berkshire Hathaway Inc had a 31 percent stake in USG and has said previously it would offload its stake. USG opened the door to private talks after weeks of public resistance in early May ahead of its annual shareholder meeting, when proxy advisory firms …read more […]

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Supreme Court allows Ohio, other state voter purges

The Supreme Court ruled Monday that states can clean up their voting rolls by targeting people who haven’t cast ballots in a while. The justices rejected, by a 5-4 vote Monday, arguments in a case from Ohio that the practice violates a federal law intended to increase the ranks of registered voters. A handful of other states also use voters’ inactivity to trigger a process that could lead to their removal from the voting rolls. …read more […]