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Facebook says users must accept targeted ads even under new EU law
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Facebook says users must accept targeted ads even under new EU law
Facebook Inc (FB.O) said on Tuesday it would continue requiring people to accept targeted ads as a condition of using its service, a stance that may help keep its business model largely intact despite a new European Union privacy...
Urban mining' in South Korea pulls rare battery materials from recycled tech
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Urban mining’ in South Korea pulls rare battery materials from recycled tech
Workers at a rural South Korean factory are busy extracting some of the world’s most coveted metals, used in the batteries that power electric cars.
But they’re not digging in the ground or refining ore. Instead, t...
People will revolt': workers say Russia must save sanctions-hit Rusal
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People will revolt’: workers say Russia must save sanctions-hit Rusal
Workers at one of Russia’s biggest aluminum smelters say their Siberian town is doomed unless Moscow mitigates U.S. sanctions against aluminum giant Rusal, a predicament mirrored across the company’s sprawling ope...
ZTE asks U.S. Commerce Department to suspend business ban
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ZTE asks U.S. Commerce Department to suspend business ban
China’s ZTE Corp (0763.HK) (000063.SZ) has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sun...
U.S. fast-food price war flares as consumer spending softens
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U.S. fast-food price war flares as consumer spending softens
Cheap fast-food “dollar” deals surged in the United States during the first quarter, marking a major shift in strategy as a cool-down in consumer spending sent restaurant chains scrambling for customers.
So-called “value” offers have be...
U.S. oil cracks $70, dollar heads towards 2018 high
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U.S. oil cracks $70, dollar heads towards 2018 high
With trade thinned by a holiday closure in London, European shares opened higher, boosted by energy stocks as well as encouraging earnings updates.
Heavyweight Nestle also gained after the Swiss-based food firm agreed a tie-up with...
Air France-KLM CEO to quit after staff reject pay deal
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Air France-KLM CEO to quit after staff reject pay deal
In the job for less than two years, Janaillac had been battling to cut costs at the French national carrier to keep up with competition from Gulf carriers and low-cost airlines. But he ran into the same union resistance as his predecessor,...
Walmart likely to announce Flipkart deal before end of week: sources
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Walmart likely to announce Flipkart deal before end of week: sources
Walmart and Google parent Alphabet Inc (GOOGL.O) will buy up to 75 percent of Flipkart, the two sources familiar with the matter said, declining to be named as the talks are private.
Bentonville, Arkansas-based Walmart will...
Sprint, T-Mobile deal may cast shadow over tower companies
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Sprint, T-Mobile deal may cast shadow over tower companies
Shares of the U.S.-based telecom tower companies fell as much as 4 percent on Friday after Reuters exclusively reported that T-Mobile US Inc and Sprint Corp could announce a deal as early as next week.
Shares of Crown Castle...
Tech tumbles ahead of crucial week for quarterly results
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Tech tumbles ahead of crucial week for quarterly results
U.S. technology stocks tumbled on Friday ahead of a crucial week of quarterly reports from Alphabet, Facebook and other heavyweights as investors worried that the high-performance sector may be running out of fuel.
Google-parent Alphabet...
T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China
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T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China
T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and...
Dolce & Gabbana has rejected offers, sets up trust: paper
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Dolce & Gabbana has rejected offers, sets up trust: paper
Italian fashion house Dolce & Gabbana has rejected all acquisition offers it has received and its founders have created a trust for the future of the brand, the two designers said in an interview on Thursday.
“We have rejected all ...
Air France-KLM CEO to quit after staff reject pay deal
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Air France-KLM CEO to quit after staff reject pay deal
In the job for less than two years, Janaillac had been battling to cut costs at the French national carrier to keep up with competition from Gulf carriers and low-cost airlines. But he ran into the same union resistance as his predecessor,...
Air France-KLM CEO to quit after staff reject pay deal
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Air France-KLM CEO to quit after staff reject pay deal
In the job for less than two years, Janaillac had been battling to cut costs at the French national carrier to keep up with competition from Gulf carriers and low-cost airlines. But he ran into the same union resistance as his predecessor,...
JPMorgan, National Bank of Canada, others test debt issuance on blockchain
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JPMorgan, National Bank of Canada, others test debt issuance on blockchain
JPMorgan Chase & Co (JPM.N) has tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms, they said on Friday, seeking to streamline origination,...
Air France-KLM CEO to quit after staff reject pay deal
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Air France-KLM CEO to quit after staff reject pay deal
In the job for less than two years, Janaillac had been battling to cut costs at the French national carrier to keep up with competition from Gulf carriers and low-cost airlines. But he ran into the same union resistance as his predecessor,...
Memory boost: How chipmakers are weathering slowing smartphone sales
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Memory boost: How chipmakers are weathering slowing smartphone sales
Indeed, the earnings reports of various chipmakers and smartphone companies in the past month tell a more interesting story beyond the cooling in phone shipment volumes: smartphone makers are cramming their devices with memory...
Nasdaq asks regulators to let companies decide where they trade
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Nasdaq asks regulators to let companies decide where they trade
Nasdaq Inc has asked regulators to allow it to give small companies a choice of trading on a single U.S. stock exchange, rather than all 13 of them, in an effort to make it easier for buyers and sellers of the stocks to find each...
Boiled frog syndrome': Germany's China problem
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Boiled frog syndrome’: Germany’s China problem
Bauer, a big producer of construction equipment, is better placed than many German companies that invested heavily in China over the past few decades.
The Bavaria-based firm, which traces its roots back to 1790, does not have to worry...
Rising costs, inflation on radar as U.S. earnings season unfolds
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Rising costs, inflation on radar as U.S. earnings season unfolds
Fresh worries about rising costs and inflation face U.S. stock investors looking toward the coming week and the next leg of the first-quarter earnings period.
In the latest week, the busiest for first-quarter reports, several...
Trump to unveil China tariff list this week, targeting tech goods
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Trump to unveil China tariff list this week, targeting tech goods
U.S. tariffs on $50 billion to $60 billion worth of annual imports is expected to be levied on products benefiting from Beijing’s “Made in China 2025” industrial development program, but it may be more than two months before the im...
Activist investment rising in Asia, led by local players: JP Morgan
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Activist investment rising in Asia, led by local players: JP Morgan
Last year, there were 106 activist campaigns in Asia, versus 94 the previous year and just 10 in 2011, the investment bank said, citing data from Activist Investor and Shark Repellent.
Domestic players accounted for almost...
BlackRock to offer new funds that exclude stocks of gun makers and retailers including Walmart
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BlackRock to offer new funds that exclude stocks of gun makers and retailers including Walmart
The world’s largest asset manager has created two new exchange-traded funds and a series of new index-tracking products for pensions and employee retirement plans that exclude stocks of gun...
Trump to nominate Muzinich as Treasury deputy secretary: White House
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Trump to nominate Muzinich as Treasury deputy secretary: White House
U.S. President Donald Trump intends to nominate Justin Muzinich, an aide to Treasury Secretary Steven Mnuchin, to be the deputy secretary of the Treasury, the White House said on Monday.
Muzinich advises Mnuchin on tax reform...
Hostile takeover? Daimler CEO says no fears about Chinese magnate Li Shufu
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Hostile takeover? Daimler CEO says no fears about Chinese magnate Li Shufu
German car maker Daimler AG’s (DAIGn.DE) boss said on Wednesday there was no indication the firm’s largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover after he took a $9 billion stake in the...
Trump delays metal tariffs on Canada, EU, Mexico, exempts some others
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Trump delays metal tariffs on Canada, EU, Mexico, exempts some others
The decisions came just hours before temporary exemptions from the tariffs on these countries were set to expire at 12:01 a.m. (0401 GMT) on Tuesday.
In a statement, the White House said the details of the deals with Brazil,...
AT&T subsidiary DirecTV asks to be dropped from antitrust case
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AT&T subsidiary DirecTV asks to be dropped from antitrust case
DirecTV, the biggest U.S. pay TV company and a subsidiary of AT&T, asked a federal court on Tuesday to drop it from the lawsuit that the government filed to stop AT&T from buying movie and TV production company Time...
Exclusive: Walmart close to buying majority of India's Flipkart
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Exclusive: Walmart close to buying majority of India’s Flipkart
Walmart Inc (WMT.N) is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the U.S. retail giant’s biggest acquisition of an online business, two people with d...
ZTE asks U.S. Commerce Department to suspend business ban
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ZTE asks U.S. Commerce Department to suspend business ban
China’s ZTE Corp (0763.HK) (000063.SZ) has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sun...
Trump to nominate Muzinich as Treasury deputy secretary: White House
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Trump to nominate Muzinich as Treasury deputy secretary: White House
U.S. President Donald Trump intends to nominate Justin Muzinich, an aide to Treasury Secretary Steven Mnuchin, to be the deputy secretary of the Treasury, the White House said on Monday.
Muzinich advises Mnuchin on tax reform...
Wall Street falls on investor nerves about interest rates, tech
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Wall Street falls on investor nerves about interest rates, tech
Wall Street’s three major indexes declined on Friday as investors worried about a jump in U.S. bond yields, with technology stocks leading the decline on nerves about upcoming earnings reports and iPhone demand.
The technology index ...
Global banks fear China will limit JV control through new rule
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Global banks fear China will limit JV control through new rule
Western banks are seeking clarification from China’s securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to ownership by n...
Trump delays metal tariffs on Canada, EU, Mexico, exempts some others
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Trump delays metal tariffs on Canada, EU, Mexico, exempts some others
The decisions came just hours before temporary exemptions from the tariffs on these countries were set to expire at 12:01 a.m. (0401 GMT) on Tuesday.
In a statement, the White House said the details of the deals with Brazil,...
Trump delays metal tariffs on Canada, EU, Mexico, exempts some others
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Trump delays metal tariffs on Canada, EU, Mexico, exempts some others
The decisions came just hours before temporary exemptions from the tariffs on these countries were set to expire at 12:01 a.m. (0401 GMT) on Tuesday.
In a statement, the White House said the details of the deals with Brazil,...
P&G earnings beat as struggling retailers, costs eat into margins
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P&G earnings beat as struggling retailers, costs eat into margins
The world’s largest consumer goods maker Procter & Gamble Co (PG.N) narrowly beat quarterly earnings expectations on Thursday, saying shrinking retailer inventories and higher commodities and transportation costs squeezed m...
Walmart's Website Is Getting a Major Makeover
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Walmart’s Website Is Getting a Major Makeover
Walmart (WMT, +0.95%) may be a mass merchandise store but it doesn’t want its website looking like one.
The company on Tuesday unveiled a redesign of Walmart.com coming in early May that features more sophisticated fonts and photography and m...
Air France-KLM CEO to quit after staff reject pay deal
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Air France-KLM CEO to quit after staff reject pay deal
In the job for less than two years, Janaillac had been battling to cut costs at the French national carrier to keep up with competition from Gulf carriers and low-cost airlines. But he ran into the same union resistance as his predecessor,...
Air France-KLM CEO to quit after staff reject pay deal
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Air France-KLM CEO to quit after staff reject pay deal
In the job for less than two years, Janaillac had been battling to cut costs at the French national carrier to keep up with competition from Gulf carriers and low-cost airlines. But he ran into the same union resistance as his predecessor,...
IBM first-quarter margins miss estimates, shares fall
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IBM first-quarter margins miss estimates, shares fall
International Business Machines Corp (IBM.N) posted profit margins that fell short of Wall Street expectations on Tuesday, a sign that its reinvention was taking time.
Shares of the technology company fell 6 percent in after-hours trade even...
Fox chose Disney over Comcast on regulatory, stock fears: filing
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Fox chose Disney over Comcast on regulatory, stock fears: filing
Rupert Murdoch’s Twenty-First Century Fox Inc (FOXA.O), which agreed in December to sell most of its assets to Walt Disney Co (DIS.N) for $52.4 billion, had previously rejected a bid from Comcast Corp (CMCSA.O) over concerns about t...
Walmart could buy controlling stake in Flipkart as early as next week: sources
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Walmart could buy controlling stake in Flipkart as early as next week: sources
Walmart Inc (WMT.N) could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday.
The U.S. retail giant has...
German carmakers caught in crossfire of U.S.China trade row
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German carmakers caught in crossfire of U.S.-China trade row
German carmakers BMW (BMWG.DE) and Daimler (DAIGn.DE) are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the United States as a result of Washington’s growing trade tensions with C...
German region ready to help Opel, but won't be blackmailed: premier
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German region ready to help Opel, but won’t be blackmailed: premier
The German state of Thuringia is ready to offer assistance to carmaker Opel in order to keep the region’s Eisenach plant open, state premier Bodo Ramelow told Reuters on Monday.
The state could help with energy costs and p...
China's ZTE slams U.S. ban, says company's survival at risk
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China’s ZTE slams U.S. ban, says company’s survival at risk
China’s ZTE Corp (0763.HK) (000063.SZ) said on Friday that a U.S. ban on the sale of parts and software to the company was unfair and threatens its survival, and vowed to safeguard its interests through all legal means.
The U...
Nestle, retailers nearing compromise in price row: source
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Nestle, retailers nearing compromise in price row: source
Swiss food group Nestle (NESN.S) and retailers including German grocer Edeka are approaching a compromise in their months-long price fight but the outcome of talks remains open, a source close to the negotiations said on Tuesday.
Edeka,...
Domino's unveils pizza delivery 'hotspots' as competition rages
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Domino’s unveils pizza delivery ‘hotspots’ as competition rages
Domino’s Pizza Inc (DPZ.N) is ramping up the food delivery wars, adding online ordering for more than 150,000 new delivery “hotspots” at U.S. parks, beaches and other destinations that do not have traditional addre...
Second day of U.S. congressional hearings awaits Facebook CEO Zuckerberg
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Second day of U.S. congressional hearings awaits Facebook CEO Zuckerberg
The internet magnate is scheduled to testify at 10 a.m. EDT (1400 GMT) before the U.S. House of Representatives Energy and Commerce Committee, a day after he appeared for nearly five hours before a U.S. Senate...
Qualcomm to refile China antitrust application for $44 billion NXP takeover: sources
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Qualcomm to refile China antitrust application for $44 billion NXP takeover: sources
U.S. chipmaker Qualcomm (QCOM.O) will refile as early as Monday an application with the Chinese government to clear its $44 billion takeover of NXP Semiconductors (NXPI.O), sources said, giving regulators more...
Libya examines Total-Marathon purchase, casting doubt on deal: sources
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Libya examines Total-Marathon purchase, casting doubt on deal: sources
Libya is considering whether to intervene in a $450 million deal that French major Total (TOTF.PA) announced last month to buy a Marathon Oil (MRO.N) stake in the country’s Waha concessions, several sources familiar with the m...
Wall Street flat as earnings offset inflation jitters
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Wall Street flat as earnings offset inflation jitters
Wall Street closed nearly flat on Friday as inflation worries and struggling technology and energy stocks were offset by an advance in the consumer discretionary sector led by Amazon.
The S&P 500 and the Nasdaq eked out small gains while...