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Tyson expands recall of chicken strips over metal concerns

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Millions of pounds of chicken strips have been recalled following concerns they might be contaminated with metal. Products were shipped around the United States to various retail outlets. The FSIS said the 11,829,517 pounds of frozen, ready-to-eat chicken strips sold under the Tyson name, and produced between October 1 of 2018 and March 8, 2019, have "use by" dates of Oct.1, 2019 and March 7, 2020. Read More »

Sinclair Broadcast to buy Disney regional sports networks for $10.6 billion

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The networks include local cable channels in markets such as St. Louis, New Orleans and Detroit, and the rights to the games of 42 teams - 14 Major League Baseball teams, 16 National Basketball Association teams and 12 NHL teams. Disney would be selling its ownership in sports channels across major sports cities, including Los Angeles and Detroit. The deal promises to vault Baltimore-based Sinclair to a new level of activity on the cable side. Read More »

Tesla offering priced at $243 per share

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PALO ALTO, Calif., May 02, 2019 (GLOBE NEWSWIRE) - Tesla, Inc. today announced offerings of $ 650 million of common stock and $1,350 million aggregate principal amount of convertible senior notes due in 2024 in concurrent underwritten registered public offerings. Read More »

Microsoft introduces Azure Blockchain Service to simplify blockchain development

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Under the new banner are other new services such as Personaliser, which uses reinforcement learning to provide users with specific recommendations to help them make quicker and more efficient decisions . Microsoft announced IoT Plug and Play, a new modeling language to connect IoT devices to the cloud. "Built-in governance enables developers to add new members, set permissions, monitor network health and activity, and execute governed, private interactions through integrations with Azure ... Read More »

Amazon made its blockchain service available to the public

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However, they find these frameworks hard to install, configure, and manage", says Rahul Pathak , general manager, Amazon Managed Blockchain at AWS . In addition, AMB provides simple APIs that allow customers to vote on memberships in their networks and to scale up or down more quickly. In announcing the ledger services in November , CEO Andy Jassy said his company had spent a decent amount of time understanding why customers want blockchain rather than just a database, denying during ... Read More »

Rate hike still on the table despite Brexit concerns says Bank

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Britain's departure from the European Union, originally due for March 29, was delayed last month until October 31, unless parliament approves a deal sooner. The Bank now sees growth of 1.5% this year, up from February's forecast of 1.2%. Carney, who will leave his post in January, cautioned that investors may be underestimating the scale of future interest rate rises, though he insisted any hikes would be gradual and "limited". Read More »

Beyond Meat doubles in market debut after US$241-million IPO

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The firm said it believed eating plant-based protein would "help address concerns related to human health, climate change, resource conservation and animal welfare" as it seeks to compete with the $1.4 trillion global meat industry. It uses peas, beans and soy to make steaks and sausages or replace minced meat in tacos and spaghetti bolognese. The California-based firm said it sold 9.625 million shares on the Nasdaq exchange at $25 each on Wednesday, at the top of its offer range. Read More »

Berkshire Hathaway shareholders arrive in Omaha

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Warren Buffett's Berkshire Hathaway has purchased a stake in Amazon for the first time, as the billionaire's aversion to a tech sector that has driven the decade-long bull market on Wall Street thaws. "Whenever you've got 40,000 fans cheering on a CEO, there is probably less skepticism in the investment base than is appropriate", he added in reference to Berkshire's annual shareholder gathering. Read More »

April Jobs Report: 263,000 Jobs Added, Unemployment At 3.6 Percent

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And inflation has for several years defied the usual logic that low unemployment would cause wages and prices to rise. Economists surveyed by Bloomberg forecast that the Bureau of Labor Statistics will say the U.S. "Wages may have been slightly tepid this month relative to expectations but are still growing at just about the highest rate this cycle, and the unemployment rate is at multi-generational lows". Read More »

Activision Announces Better-Than-Expected Results for First Quarter of 2019

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Atlanta Esports Ventures, Envy Gaming, Sterling.VC, c0ntact Gaming, and OverActive Media are the five companies that respectively own the aforementioned city franchises. The Company's professional Call of Duty city-based league is off to a strong start, selling its first five franchise teams. As far as the structure of the league itself, it will operate very much like any franchised league, meaning that teams that have purchased a spot are always guaranteed to compete without having to ... Read More »

Chase Bank deletes #MondayMotivation tweet following backlash

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The tweet depicted a hypothetical conversation between a customer and their bank account. Bank account: you don't need a cab, it's only three blocks . The backlash came thick and fast with Senator Elizabeth Warren , a long-time critic of big banks, pointing out that JPMorgan Chase received over $25 billion in taxpayer money as part of the government bailout in 2008. Read More »

Qualcomm to see at least $4.5 bn from Apple settlement

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The Apple settlement, which includes a six-year patent license and a chip supply agreement, is expected to generate $2 per share in additional earnings, Qualcomm has said . US CHIPMAKER Qualcomm expects to pocket between $4.5bn and $4.7bn (£3.4bn to £3.6bn) from its settlement with Apple. Qualcomm released its quarterly report with some pretty juicy details about the deal with Apple. Read More »

Tesla Model 3 now available in the United Kingdom from £38,900

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Shares of Tesla Inc. jumped almost 4 per cent at the opening bell. Tesla's chief executive officer said on several occasions past year that Tesla would no longer need to raise capital as its first mass-manufactured vehicle ramped up. Convertible bonds, a form of debt that permits an issuer to repay its creditors in new stock rather than cash if certain conditions are met, have been among Tesla's most preferred vehicles for raising capital. Read More »

National Chase tried to be amusing on Twitter. It didn't go well

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Chase bank sent a tweet for "Motivation Monday" that depicted a fictional conversation between a customer and their bank account, with the account holder asking why the balance was so low. Bank account: make coffee at home . " You: Why is my balance so low? " she wrote. According to a Gallup study, Millennials are 2.5 times more likely to switch banking institutions over other generations, and 47% of millennials use mobile banking services instead of visiting brick and mortar ... Read More »

Google stock price: Alphabet shares slide after rare earnings miss

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Investors purchased shares of Alphabet Inc (NASDAQ: GOOG ) on weakness during trading hours on Tuesday after an insider sold shares in the company. TAC now amounts to 22 per cent of Google's ad revenue, down from 24 per cent. As everyone knows, advertising revenue constitutes the biggest share in Alphabet's revenues, and according to publicly available information, the company generates around 85% of its revenues through advertising. Read More »

Frothy markets turn dealmaker Warren Buffett into a bankroller

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The move came as the billionaire slogs through the fourth year of a drought in finding major acquisitions for Berkshire, which ended 2018 with almost $112 billion of cash. Buffett has been seen since the global financial crisis as a lender of last resort to blue-chip companies desiring a financial boost and his imprimatur. Read More »

IMF Predicts 40% Inflation In Iran Due To U.S. Sanctions

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China is Iran's number-one customer, while India is the second-largest buyer of Iranian oil, so the end of the United States waivers will mostly affect refiners in those two oil importers who will be scrambling to source crude from other sources or risk secondary U.S. Read More »

Trump Tweets at FED to Cut Interest Rates

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Moore issued a statement supporting his own nomination within a minute of Fed officials announcing that they would keep a key short-term rate unchanged. Some central bank policymakers have cited ongoing weak inflation, still well below the Fed's 2 percent target, as a sign rates may be too high. After its last rate hike in December, the Fed faced particularly sharp criticism from Trump. Read More »

Oil prices fall on rising US stockpiles, but global markets remain tense

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Global benchmark Brent crude, meanwhile, rose 1.1 percent after Saudi Energy Minister Khalid Al-Falih said OPEC and its partners remain focused on reducing oil inventories. The cost of oil import went up from $87.4 billion in 2017-18 to $107 billion in 2018-19 as average annual crude oil price went up from $57.85 per barrel to $70.86 per barrel. Read More »

Explainer: Will opposition leader Guaido topple Venezuela's President Maduro?

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The video had the extra shock value of featuring key opposition figure Leopoldo Lopez at his side, saying soldiers had released him from years of house arrest. "The opportunity for Venezuelan democracy, I am confident, will remain", Pompeo said. "All flight operations in the territory and airspace of Venezuela at altitudes below FL 260 ... Read More »

Yikes! A Major Telecom Found Hidden Backdoors In Huawei's Networking Hardware

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Huawei is facing pushback in some Western markets over fears Beijing could spy on communications and gain access to critical infrastructure if allowed to develop foreign 5G networks offering instantaneous mobile data transfer. The problem in Italy centred on Huawei's failure to remove a diagnostic... Huawei has also been blamed for stealing trade secrets and technologies from American companies - an accusation that has since been dismissed by the corporation's Chairman. Read More »

Pompeo Rejects India Call to Continue Oil Imports from Iran

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The United States decided last week not to renew exemptions from sanctions against Iran granted past year to buyers of Iranian oil, taking a tougher line than expected. "Clearly the re-imposition of sanctions and the removal of the waivers will have additional negative impact on the Iranian economy both in terms of growth and in terms of inflation, where inflation could reach 40 percent or even more this year", he said. Read More »

Venezuela's Juan Guaido urges military uprising to topple socialist leader Nicolas Maduro

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Secretary of State Mike Pompeo said Maduro had been prepared to leave the country on Tuesday morning, headed for Havana in the face of anti-government protests , but reversed his plan after Russian Federation intervened. Chile's foreign minister said later Tuesday that Lopez and his family had entered Chile's diplomatic residence. The crisis has pitted supporters of Guaido, including the United States, the European Union, and most Latin American nations, against Maduro's allies, which ... Read More »

Chase Bank’s odd financial shaming gets torched on Twitter

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Sen. Elizabeth Warren , D-Mass., who has made economic justice the centerpiece of her presidential campaign, found a fat target Monday in a tweet from Chase Bank , which offered playful - or, as critics charged, tone-deaf - suggestions about saving money on expenses for coffee, food and taxis. Read More »

Jaguar Land Rover plans to trade data for cryptocash

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Smart Wallet isn't just a handy way to earn as you drive (and avoid the need to rummage for spare change for parking meters), it's part of Jaguar Land Rover's Destination Zero strategy, which has the lofty goal of eliminating emissions, congestion and accidents. Read More »

Walmart Hints It Will Match Amazon 1-Day Delivery

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In addition, Amazon also announced its new Amazon Day initiative, which gives shoppers the option to select which day of the week they want to receive their packages, allowing multiple packages to arrive on the same day. Amazon's plans to roll out one-day shipping in a wide capacity will take years, the company confirmed. When you've run out of toothpaste, Cheerios or Tylenol, two days can feel like an eternity. Read More »

Pilot strike: Fresh SAS woe as strike grounds 110000 travellers

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The Swedish airline pilot's association, which is behind the strike, said months of negotiations had not managed to solve the issue of pilot's "deteriorating working conditions, unpredictable hours and lack of job security". Analysts believe that SAS cannot afford to meet wage demands because of the hard economic environment in which airlines operate. Although the carrier forecast a full-year profit Sydbank on Friday predicted the strike would cost SAS 60 to 80 million kronor ($6 million to ... Read More »

Strike action causes over 670 SAS flight cancellations

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The airline said that it wishes to continue negotiations, with a view to ending industrial action as soon as possible, but Reuters warns that around 170,000 passengers could be affected should the strikes continue over the weekend. They were demanding a 13% rise in earnings, despite what they say are already high earnings averaging 93,000 Swedish crowns a month (£7,585 / $9,803). Read More »

Iran sanctions to hit oil PSU margins

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Russian President Vladimir Putin said on Saturday he hoped Iranian oil exports would continue despite Washington's efforts to stop them, Reuters reported. U.S. West Texas Intermediate crude futures rose $1.52, or 2.4%, to $65.52 per barrel, after hitting $65.87, its highest stage since October 31, 2018. Read More »

Second largest uncut diamond in history unearthed

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The extraordinary discovery won't live up to the financial hype however; experts believe it to be worth far less than the previous second-largest diamond. Since introducing its XRT diamond recovery technology in 2015, Lucara has recovered 12 diamonds larger than 300 carats at Karowe, including two larger than 1000 carats. Read More »

Slack is loss-making but revenue continues to grow, IPO filing shows

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The company said it had more than 500,000 organizations on its free subscription plan and that revenue jumped 82 percent from past year to $400.6 million and up from $105 million in 2017. "Our vision is to make people's working lives simpler, more pleasant and more productive", Slack said in its filing with the Securities & Exchange Commission. Read More »