Business

German transport minister wants to welcome Uber, others by 2021

Transport Minister Andreas Scheuer wants to open the German market to car pooling services offered by Uber and other companies by 2021, Focus magazine reported Saturday.

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Reuters: Business News 2018-11-16 20:19:28

The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp dragged down the Nasdaq.

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Reuters: Business News 2018-11-16 20:19:05

S&P 500 companies have set another record in share repurchases in the third quarter and look on track to break above $200 billion in buybacks for the quarter, according to an S&P Dow Jones Indices analysis.

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Reuters: Business News 2018-11-16 19:16:23

The chief of California’s top utilities regulator said on Friday he was shocked to learn that reassurances he made to investors about PG&E caused the embattled power utility’s stock to surge over 40 percent in a matter of minutes.

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Reuters: Business News 2018-11-16 18:52:03

PG&E Corp shares soared 40 percent in after-hours trade on Thursday following a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month’s deadly wildfire …

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Burke to replace Dungey as ABC Entertainment chief

Karey Burke will replace Channing Dungey as president of Walt Disney’s ABC Entertainment, the company said on Friday.

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Microsoft briefly tested ads in the Windows 10 mail app

It's bad enough when your email inbox gets inundated with subscriptions and promotions you forgot you ever signed up for, but now Microsoft is thinking about injecting advertisements right into your inbox. According to Windows news site Aggiornamenti…

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Bombardier CEO meets investors as stock dives 20 percent

Bombardier Inc’s top executives met with investors in Montreal on Friday after a disappointing free cash flow forecast and regulatory action, which sent the plane and train maker’s shares down 20 percent, sources familiar with the matter said.

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Gubitosi seen as favorite to become Telecom Italia CEO: sources

Veteran Italian manager Luigi Gubitosi is seen ahead in the race to become the new chief executive of Italy’s biggest telecoms group Telecom Italia (TIM) , two sources familiar with the matter said.

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Oil edges up in volatile session but falls for sixth straight week

Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns.

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Dollar, U.S. yields slide on Fed official rate talk

The U.S. dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over U.S.-China trade ties.

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Dollar falls as Fed officials ring note of caution, pound bounces

The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global economic growth, while sterling rose following losses tied to fears about a Brexit deal.

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Trump says U.S. may not impose more tariffs on China

U.S. President Donald Trump said on Friday that he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions, although he added it was unacceptable that some major items were omitted from the list.

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More companies are chipping their workers like pets

The trend of blundering into the void of adopting new tech, damn the consequences, full speed ahead, continues this week. The Telegraph tells us about "a number of UK legal and financial firms" are in talks with a chip company to implant their employ…

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Reuters: Business News 2018-11-16 15:24:46

U.S. carrier Delta Air Lines said on Friday it ordered 10 Airbus A330neo long-haul jets, reinforcing its position as the first U.S. airline to operate the upgraded jet and lending its influential support to a slow-selling model.

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Google Cloud names Thomas Kurian to replace CEO Diane Greene

Former Oracle Corp product chief Thomas Kurian will replace Diane Greene as head of the cloud division at Alphabet Inc’s Google in the coming weeks, Greene announced in a blog post on Friday, after a tumultuous year for the business.

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Oil edges up in volatile session but headed for weekly loss

Oil traded up slightly in a volatile session on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices were set to for a weekly drop on underlying oversupply worries.

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Trump says China wants trade deal, U.S. may not impose more tariffs

U.S. President Donald Trump said on Friday that China had sent a list of things it was willing to do to resolve trade tensions with the United States and his administration may not have to impose further tariffs, but he added the situation was still not acceptable to him.

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Viacom sets Netflix deal that augurs future strategy

Viacom Inc on Friday announced a multi-picture deal with Netflix , and promised to make more films and TV shows for other companies, further signaling that it will not directly take on big tech rivals that stream to consumers and will instead supply them with content.

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Oil edges up in volatile session as it heads for weekly loss

Oil traded up slightly in a volatile session on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices were set to for a weekly drop on underlying oversupply worries.

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