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Musk's lawyers call tweet in SEC's contempt bid 'not material'

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As the Verge noted, more interesting is that Musk's Friday filings include documents from a prior version of the settlement which he never signed. "Tesla-which is best positioned to interpret its own policy-has affirmed to the SEC that Musk complied with the policy", Musk's lawyers wrote in the Friday filing. Read More »

Apple targets banking with launch of new credit card

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Apple Card features no fees - including annual, late, international, or over-the-limit fees. If somewhere takes Apple Pay , regardless of what part of the world they're in, they'll also take the Apple Card . The virtual card will become available in the U.S. this summer. Interest rates will vary from range from 13.24% to 24.24% based on creditworthiness, the company said in a footnote on its web site about the new card. Read More »

Trump's Lawyer Objects To Public Release Of 'Confidential' Answers To Mueller

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It remains to be seen whether Barr will make Mueller's report public in its entirety, but many Democratic lawmakers and 2020 presidential hopefuls have demanded such transparency. Rep. Hakeem Jeffries of NY, chairman of the House Democratic Caucus, said he understands that sources and methods must be protected. But the summary , like so many things in the Trump era, seemed like another Rorschach test for a divided country: Where Trump's allies celebrated "no collusion", Democrats saw a ... Read More »

Pinterest files for IPO

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The San Francisco-based company filed with an initial offering size of $100 million, a placeholder amount used to calculate fees that's likely to change. Based in San Francisco, Pinterest claimed revenue of $756 million a year ago, up 60 percent from 2017, but that amounted to a lost of $63 million. Uber Technologies is expected to list on the New York Stock Exchange in April, according to sources cited by Bloomberg . Read More »

Jet Turbulence: IndiGo poaches over 100 pilots

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Now, carrier has halted many of its global routes till April end and has also reduced frequency over many overseas routes mostly from Delhi and Mumbai . The airline has discontinued services from Delhi to Abu Dhabi (nine a week), Dammam (14 weekly), Dhaka (11), Hong Kong and Riyadh (seven each a week) up to April 30, said the airline source. Read More »

Trump to nominated Moore for Federal Reserve board

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Federal Reserve's much more dovish-than-anticipated decisive statement earlier this week had already signaled that another interest rate-hike this year might have already been out of the questions, goading the USA citizens to purchase more in order to keep the wheels of its slowing economy whirling. Read More »

New Chevrolet electric auto coming, $300M investment in MI plant

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The company says the plan will bring 400 new jobs to the MI plant. However, Barra said she wants "every single employee" to "stay part of the GM team". "It makes sense because the Chevrolet Bolt EV is built at Orion and this is a great workforce", GM CEO Mary Barra told CNBC . "And we've made it clear that we disagree with that", UAW Vice President Terry Dittes said. Read More »

US recession fears increase

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Factory activity across the euro zone looked equally dismal. The last time that happened was just before the Great Recession. A pile of one dollar coins honoring former U.S. Manufacturing Purchasing Managers' Index slowed to a 21-month low while Europe's outlook was thrown into fresh doubt after reports showed weakness across France and Germany. Read More »

Turkey's leader shows shooting video again

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New Zealand's government on Friday reassured Muslims living in the country they would be "safe and secure" despite the deadly attacks in Christchurch . Mr. Peters said, however, that he didn't discuss Mr. Erdogan's use of the footage with Turkey's Foreign Minister or President, though it was widely expected that he'd raise the issue. Read More »

Levi Strauss IPOs at NYSE

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Shares for Thursday's IPO were priced at $17, above the expected range, in an offering that was heavily oversubscribed offering. Levi's return to the public market comes during a red-hot time for the IPO market, as companies like Lyft , Uber, Airbnb, and Pinterest are expected to debut later this year. Read More »

Netflix Tests Cheaper Mobile-Only Subscription Plans In India

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In comparison, the mobile-only plan will also offer SD quality and one device limit but that device now has to be a mobile device. Competition in the over the top (OTT) space is getting intense with every passing day, and Netflix has taken note as it tests a new subscription plan amid select users in India. Read More »

Powerball jackpot now at $625M - the 4th-highest prize in history

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The jackpot may be claimed as about $390 million before federal taxes as an annuity paid out over 29 years, or winners can choose the lump-sum option, which would come out to almost $470 million after federal withholding. It happened last year, and this year, a similar story. The odds of hitting the Powerball jackpot are 292,201,388 to 1. Wisconsin residents have won $50,000 prizes in each of the past three drawings dating back to March 13. Read More »

Biogen Tanks As Trials on Alzheimer Drug Stopped

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That drug failed in a 12-month analysis. Aducanumab is a human monoclonal antibody (mAb) derived from a de-identified library of B cells collected from healthy elderly subjects with no signs of cognitive impairment or cognitively impaired elderly subjects with unusually slow cognitive decline using Neurimmune's technology platform called Reverse Translational Medicine (RTM). Read More »

Miller/Coors Sues Bud Over Ads

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It's been described as "corngate" by some - the feud between the two brewers boiling down to the use of the sweetening agent demonised by many in its high-fructose form, which is used in many soft drinks. MillerCoors called the former "a common brewing fermentation aid", while it said the latter was mentioned "for a deliberate and nefarious goal: it was aware that many consumers prefer not to ingest 'high-fructose corn syrup'". Read More »

Wearing well: Levi Strauss shares surge 31pc on market return

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Levi's sold $623m worth of shares to institutional investors before going public, and the Haas family sold around $357m worth of shares but will retain 80 per cent voting control of the company. "That's why now is a great time for Levi's to capitalize on this momentum". The timing might be right for Levi's . Jeans sales appear to be on an upswing in the US, increasing 2.2 per cent to $16.7 billion last year after four straight years of declines, according to data from Euromonitor. Read More »

CVS begins selling products infused with CBD in Colorado, 7 other states

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Elevate CBD products are available in over 1,500 CVS stores in eight states, including California, Illinois, Maryland, Colorado, Alabama, Indiana, Tennesee and Kentucky. However, Merlo said the company plans to walk "slowly" with the new initiative. More than 800 CVS stores nationwide will now offer CBD products as part of a distribution deal with Canadian marijuana company Curaleaf Holdings Inc ., according to Fox Business. Read More »

Volvo to Monitor Drunk Drivers

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Move comes after plans to keep top speed to 112 miles per hour. Together, the company says, these three areas constitute the "main "gaps" towards Volvo Cars' vision of a future with zero traffic fatalities , and require a focus on human behaviour in the company's safety work as well". Read More »

GM Plans $1.8 Billion US Investment After Trump's Criticism

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A press conference will be held Friday morning at the plant. General Motors announced on Friday that it will build a second electric vehicle for Chevrolet, alongside the Chevy Bolt EV . GM did not directly address political pressure in its latest disclosure, instead focusing on the "rules of origin" provisions in the revised NAFTA trade pact. Read More »

Oil slips but holds near 2019 peak as supplies tighten

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Yesterday, Brent crude touched a four-month high of US$67.61 per barrel, amid expectations that the Organization of the Petroleum Exporting Countries ( OPEC ) would continue production cuts through to the end of the year. Markets have been underpinned, however, by efforts led by the Organisation of the Petroleum Exporting Countries ( OPEC ) to curb supply, and losses were checked as widely watched USA data showed supplies were tightening. Read More »

Ford reshuffles investment plan in MI to spend $900M, create 900 jobs

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The plant will build the future hybrid successor to the Mustang , a vehicle which is presently assembled at the plant. Ford's plans, which executives said will be executed by 2023, also includes a $50 million investment toward an assembly plant that produces self-driving vehicles in the southeast MI region. Read More »

Texas man tests Petco’s ‘All leashed animals welcome’ policy with giant steer

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An attempt to call management's bluff at the Petco in the Northeast Houston suburb of Atascocita. The two men brought their leashed steer to a Houston-area Petco. "We chose to take a chance and call Petco's bluff on the "ALL LEASHED PETS ARE WELCOME" policy. We really enjoy coming to this location.our favorite Petco BY FAR!" The post was shared more than 7.5 thousand times on Thursday. Read More »

Facebook settles with rights groups on ad discrimination

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The investigative reporting website had earlier demonstrated that major American companies, including Uber, were buying employment ads on Facebook that discriminated on the basis of age and gender . Some firms, for example, were targeting ads only to people under age 45. As part of the settlement, Facebook will no longer allow housing , employment or credit ads to be targeted to particular users by age , gender or zip codes . Read More »

POWERBALL RESULTS: POWERBALL Numbers March 13, 2019

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Each player matched four of five numbers plus the Powerball. Each winning retailer will receive a $1,000 payout equal to two-percent of the winning prize amount. To combat inflation, each payment will be 5 percent larger than the previous. He chose the cash option worth $180,227,550 and received $114,091,248 after taxes were deducted. Read More »

Powerball jackpot soars to $550 million

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Here are the numbers in case you matched some of them: 30, 34, 39, 53 and 67 and the Powerball was 11. The $495 million figure is the highest in seven months when October's frenzy reached $687.8 million. People dreaming of winning millions can also play for another prize on Tuesday. The other two tickets, each worth $1 million, were sold in New Jersey and Pennsylvania . Read More »

Fed Signals It May Not Change Interest Rates This Year

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It was an aggressive downshift that came as a shock to many economists, since as recently as September the Fed expected to raise rates three times in 2019. Oil prices were firm, supported by supply cuts led by producer club OPEC as well as US sanctions against Iran and Venezuela, though gains were limited by concerns over global economic growth. Read More »

The Most Expensive Cities to Live in the World

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This is the first time in the survey's 30-year history that three countries have ranked first place on the list. The survey is created to help companies calculate cost-of-living allowances and build compensation packages for expatriates and business travellers. Read More »

Trump Slams General Motors CEO in Person Over Plant Closures

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Why wait, start them now! GM said in a statement that it and the UAW would decide what happens to the plant. His posts on Twitter earned a phone call from Barra over the weekend. "Auto companies are coming back to the U.S. So is everyone else". "We have now placed over 1,000 employees from our unallocated plants to other GM locations, and we have opportunities available for virtually all impacted employees", it added. Read More »

Google Fined $1.7 Billion by E.U

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Google fell afoul of antitrust rules by stopping online publishers from placing competitors' adverts on their search results pages, forcing them to reserve the most valuable space on their page for Adsense results and a requirement to ask for Google's permission before changing how rival ads are displayed. Read More »

Dollar gains on trade war jitters before Fed

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U.S. West Texas Intermediate (WTI) futures were slight changed at $59.09 per barrel, almost the 2019 high of $59.23 reached the preceding day, while Brent crude futures edged up 0.1 percent to $67.62 per barrel, also not far from this year's high of $68.14. Read More »

Investors group call Lyft to give up dual-class share structure

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The No. 2 USA ride-hailing giant is offering 30.8 million shares at $62 to $68 each, it said in a regulatory filing Monday. The San Francisco startup could be valued at more than US$20 billion under the terms of the offering unveiled today, setting a price per share of between US$62 and US$68. Read More »

Roundup weed killer is major factor in man's cancer: jury

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In the first phase of Edward Hardeman v. Monsanto Company , the jury sided with arguments and scientific evidence presented by the attorneys for Edward Hardeman that glyphosate was the cause of his non-Hodgkin lymphoma. It's set to appear in six more trials in federal and state courts this year. All three cases will be split into causation and liability phases. The U.S. Read More »

Govt asks state-run banks to rescue Jet Airways from bankruptcy

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The pilots and other senior staff have been getting their full salaries since December. "The DGCA reviewed the performance of Jet Airways on operational, airworthiness & passenger facilitation today". "Asked him to get a report on Jet compliance issues immediately from DGCA (Directorate General of Civil Aviation)". Etihad Airways is said to have informed Jet Airways' top lender State Bank of India that it won't make any further investment in the airline. Read More »

US SEC stunned that Musk failed to get pre-approval of tweets

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The SEC filed a contempt-of-court claim against Musk over a February 19 tweet in which Musk said Tesla would produce 500,000 vehicles in 2019. The Securities and Exchange Commission (SEC) says Elon Musk hasn't made a "good faith" attempt to comply with a settlement reached past year and revealed that none of his tweets are being approved by Tesla. Read More »