Sunday, September 30, 2018

Tesla Braces for Uncertainty Amid Shift in Musk's Role

Elon Musk’s removal as chairman of Tesla potentially weakens his grip, as investors hope a remade board will help the entrepreneur focus on solving production problems that have threatened to stymie the car maker’s move into the mainstream.

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Tesla Needs Board to Choose Outsider as Chairman

Elon Musk will relinquish Tesla’s chairman job under a deal with regulators.

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Saudi Arabia Shelves Work on SoftBank's $200 Billion Solar Project

Saudi Arabia has put on hold a $200 billion plan with SoftBank to build the world’s biggest solar-power-generation project, setting back another eye-catching transformation project in the kingdom.

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Jack Ma Removes Himself as Owner of Alibaba Business Licenses

The change was made to reduce the administrative burden on the Chinese tycoon, who announced in September that he would step down as executive chairman.

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Husky Makes Unsolicited Bid to Fellow Canadian Oil Firm MEG

Husky Energy said it has made an unsolicited bid to acquire oil-sands producer MEG Energy in what would be a combination of Canadian petroleum companies.

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U.S. Business Schools See Fewer Applications

Applications to American M.B.A. programs dropped for a fourth straight year, with even elite universities starting to show signs of struggling to lure young professionals out of the strong job market.

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Ten Things to Know About the New Nafta Deal

The U.S. and Canada late Sunday struck a deal to revise the North American Free Trade Agreement, allowing for Canada to join a pact hammered out in August between the U.S. and Mexico. Here are details.

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U.S., Canada Reach Nafta Deal

The U.S. and Canada were preparing to announce a dramatic, last-minute deal Sunday on revising the North American Free Trade agreement, lifting a cloud of uncertainty over the quarter-century-old continental commercial bloc.

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China's Economy Losing Steam as Trade Fight Starts to Bite

An intensifying trade brawl with the U.S. is starting to take a heavier toll on China’s economy, as weakening foreign demand and sluggish domestic consumption cause Chinese manufacturers to significantly scale back production.

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Facebook Faces Potential $1.63 Billion Fine

A European Union privacy watchdog could fine Facebook as much as $1.63 billion for a data breach in which hackers compromised the accounts of over 50 million users.

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Tencent Targets Business Customers in Restructuring Plan

Chinese internet giant Tencent Holdings Ltd. announced its first restructuring in six years Sunday, including creating a new division to focus on business services such as cloud computing.

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European M&A Loses Pace With Drop in Mega Deals

European deal making failed to maintain this year’s blistering pace in the latest quarter amid a slowdown in the biggest of deals, but some investment bankers expect plenty of smaller and mid-sized ones to take up the slack for rest of the year and into 2019.

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Thyssenkrupp Board Supports Company Split, New CEO

Germany’s Thyssenkrupp said its current interim Chief Executive Guido Kerkhoff will remain in the role, as the group’s supervisory board approved his plan to split the steel conglomerate into two separately listed companies.

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Car Makers Turning North Africa into Auto Hub

In a rare industrialization success story for the continent, some of the largest car makers have been transforming North Africa into the world’s newest car-manufacturing cluster.

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Consumers Drive the Economy, Stock Market Higher

The American consumer appears to be in good shape heading into the final quarter of the year. Investors will be watching Friday’s jobs report for further evidence that the economy can keep humming into 2019.

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Labor Market Opens Up for Part-Time Workers

A decline in part-time employment points to disappearing slack in the labor market, which has important implications for wages and Federal Reserve policy.

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Global Economy Week Ahead: U.S. Employment Report and More

In the week ahead, U.S. economic indicators start with the Institute for Supply Management’s manufacturing data—and wrap up with the closely watched monthly jobs report and trade data.

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The QWERTY Days Are Almost Over

QWERTY keyboards are the unkillable cockroaches of the tech world—it’s time for a new way to interact with computers.

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Saturday, September 29, 2018

Elon Musk to Step Aside as Tesla Chairman in SEC Deal

Elon Musk has reached a settlement with the SEC that allows him to stay on as Tesla CEO but requires that he step aside from the chairman role for three years. He has agreed to pay a $20 million fine.

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Elon Musk Aide Gwynne Shotwell Is a Steadying Force at SpaceX

Space Exploration Technologies President Gwynne Shotwell serves as the company’s essential buffer for its founder and chairman, Elon Musk.

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Food Executives Look to Better Integrate Startups

Big food companies say they are learning how to better integrate into their sprawling businesses the smaller brands they are relying on to drive sales growth.

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Apple Scores a Win in Qualcomm Trade Spat

Apple Inc. netted an early victory in its legal spat with Qualcomm Inc., as a U.S. trade judge declined to block the import of iPhones with Intel Corp. chips.

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Procter & Gamble Tries to Break a Cycle of Stagnation

The 181-year-old consumer-products giant has tried again and again to revive growth and reignite its shares. After a costly board battle with activist investor Nelson Peltz, will this be the year P&G turns the tide?

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Is It Really Time to Remake Dunkin' Donuts?

If they start calling it Dunkin’ Quinoa, don’t look for me on line

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Salmonella Thrived at Plant That Made Kellogg's Honey Smacks

The U.S. Food and Drug Administration on Friday linked a salmonella-ridden factory in Illinois to an outbreak of illness this summer in people who ate Kellogg Co. cereal made at that plant.

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Friday, September 28, 2018

CBS Says It Got Subpoenas From Prosecutors Over Moonves Allegations

CBS said it received subpoenas from the Manhattan District Attorney’s Office and the New York City Commission on Human Rights regarding allegations of sexual harassment by Leslie Moonves and others, in the first sign of outside investigations into the workplace culture at the network.

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Musk Views SEC Allegation as Flawed

Tesla CEO Elon Musk believes he had a verbal agreement in place with Saudi Arabia’s sovereign-wealth fund to help finance a plan to take the auto maker private, according to a person familiar with the matter.

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Star Wars Producer to Remain at Lucasfilm Through 2021

Lucasfilm Ltd. President Kathleen Kennedy has renewed her contract for three more years at the Walt Disney production unit she has overseen since 2012.

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Murdochs' Pay Surges After 21st Century Fox's Deal With Disney

Compensation skyrocketed in the past fiscal year as top executives were given large stock awards in the wake of the company’s move to sell some assets to Walt Disney.

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GE CEO to Staff: 'Keep Your Chin Up'

John Flannery, CEO of GE, reassured employees that a recent problem with new power-plant turbines is under control after shares lost more than 10% since last week.

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JetBlue Joins Airlines Selling Basic Economy Tickets

JetBlue Airways is introducing bare-bones economy fares to keep up with competition from discount air carrier and drum up sales as it faces rising labor and fuel costs.

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House Republicans Press Google for More Transparency in Search

GOP lawmakers aired concerns about whether an anti-conservative bias affects Google search results, in a meeting Friday with Chief Executive Sundar Pichai.

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Former Finance Chief at Salix Settles SEC Charges Over False Statements

The former finance chief at Salix Pharmaceuticals, Adam Derbyshire, will pay more than $1 million to settle charges that he misrepresented drug inventories held by wholesale customers.

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Conagra Can Recover From Frozen Slip

An earnings miss by Conagra Brands has investors wondering if frozen food is still the growth driver they’d hoped. It likely still is, but that could take time to reappear in the company’s results.

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Facebook Flaw Allowed Hackers to Take Over User Accounts

Facebook discovered a security flaw affecting almost 50 million accounts. The vulnerability in Facebook code allowed attackers to take accounts over, the company said.

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Intel Chip Shortage Ripples Through PC Industry

Intel Corp. said it is experiencing pressure throughout its factory network as the chip maker strives to meet growth in demand for PCs that has caught the industry off guard.

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Mexico, U.S. to Release Draft of Bilateral, Renegotiated Nafta

Mexico and the U.S. plan to release the draft of a renegotiated Nafta by 7 p.m. Friday, setting in motion U.S. Congressional approval for a deal that leaves Canada out of the agreement, at least for now.

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Apple Gets Reversal for University of Wisconsin Patent Case

Apple will no longer need to pay $234 million in damages to the licensing arm of University of Wisconsin over patent infringement after a federal appeals court ruled in the tech company’s favor.

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Walgreens Boots to Pay $34.5 Million Penalty in SEC Settlement

The drug store chain says the settlement doesn’t involve any current officers or executives.

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House Passes Extension of Individual Tax Cuts

House Republicans passed a $631 billion extension of the tax cuts they enacted in 2017, reprising their biggest legislative success of the past two years as they try to avoid losing their majority in the Nov. 6 election.

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U.S. Consumer Sentiment Increased in September

A measure of economic confidence among American households rose in September.

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Core Inflation Remained Near Fed's Target in August

A key measure of underlying inflation remained at the Federal Reserve’s target for a fourth consecutive month in August, after policy makers reiterated their plan to continue raising interest rates through next year.

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U.S. Consumer Spending Rose in August

Americans continued to spend in August as their incomes grew, although the pace of spending appears to be easing from very strong growth this spring.

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Eurozone Inflation Accelerates Further Beyond ECB's Target

The eurozone’s annual rate of inflation rose further above the ECB’s target, but a measure of underlying price pressures fell, a development likely to reinforce the cautious approach policy makers are taking to withdrawing crisis-era stimulus.

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Volkswagen Connects With Microsoft for Auto Cloud

In the latest push by a major auto maker into the new business of providing digital services, Volkswagen unveiled plans to put its entire connected car services on Microsoft’s Azure cloud platform.

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Slack Actively Preparing for Early 2019 IPO

Slack Technologies is actively preparing for an IPO in the first half of 2019, with an eye toward going public as soon as the first quarter, according to people familiar with the company’s plans.

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Chinese Startup Woos SoftBank at $75 Billion Valuation

Global investors including SoftBank and KKR plan to invest in the latest fundraising by Bytedance, the owner of China’s most popular news-aggregation app, looking to raise around $3 billion at a valuation of about $75 billion.

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SEC's Musk Suit Risks Tesla's Future

The legal threat from securities regulators to ban Elon Musk from Tesla raises the specter of a once-unfathomable exit that would potentially have dire consequences for the electric-car company.

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Nestlé CEO's Vision Takes Shape, but an Activist Clouds the Horizon

In his nearly two years as chief executive of NestlĂ©, Mark Schneider has been feted for his deal making and initiatives, but he’s also had to fend off the demands of an increasingly vocal activist investor.

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IRS Moves to Ease Tax Rules for Spinoffs

The IRS is considering a shift that would make it easier for pharmaceutical, technology and other companies to spin off high-risk units without tax consequences.

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Nafta Isn't Dead Yet, Despite Missed Deadline

Does President Trump’s finding that Nafta talks with Canada are at an impasse mean the imminent breakup of the continentwide free-trade zone? Probably not, say people familiar with the process. Some questions and answers about what could come next.

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VW Set to End the Reign of Embattled Audi Chief

Volkswagen is expected to announce as soon as today that they are terminating the contract of Rupert Stadler, the chief executive of Audi, who has been in jail for months in connection with the diesel emissions-cheating scandal.

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Thursday, September 27, 2018

Fed Chairman Addresses Concerns About Flattening Yield Curve

Federal Reserve Chairman Jerome Powell played down concerns that bond markets were signaling rising odds of a recession and reiterated his positive assessment of the U.S. economy.

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Trump's Meddling Claim at U.N. Plays Into China's Trade Stance

President Trump, by claiming without offering proof that China is interfering in the U.S. midterm elections, escalated bilateral tensions and provided ammunition to senior Communist Party members who say his real intention is to stop China’s ascent as a global power.

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U.S. Farm Sector Braces For Protracted Trade Fight

CEO Ken Sullivan said a resolution to the standoffs that have resulted in retaliatory tariffs from China and Mexico isn’t occurring quickly enough.

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Inside the New Amazon 4-Star Store, a Novelty Gift Shop

Amazon.com Inc. has seen the future of retail and it looks something like a refreshed version of a Brookstone store, the gadget purveyor that filed for bankruptcy last month.

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Tech Firms Face Bias Accusations at Congressional Hearing

A day before Google’s chief was to meet with top Republicans, critics in a congressional hearing accused the internet giant and other tech firms of being “insular” and dismissive of the free-speech rights of conservatives.

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J.C. Penney Losing Finance Chief

J.C. Penney Co.’s chief financial officer is resigning from his role, a little more than year after the struggling retailer announced he would take the job.

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SEC Sues Musk For Fraud, Seeks Removal from Tesla

Securities regulators sued Elon Musk for fraud and seeks to remove him from Tesla Inc.

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Boeing Wins Contest to Build Air Force Trainer Jets

Boeing Co. on Thursday secured a hat-trick of Pentagon contract wins after it was awarded a deal worth up to $9.2 billion to build new trainer jets for the Air Force.

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U.S. Probes Ad Industry's Media-Buying Practices

Federal prosecutors have begun issuing subpoenas in an investigation of advertising companies’ media-buying practices, including the granting of rebates to ad buyers by media companies.

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Thyssenkrupp Plans to Split into Two Companies

German steel conglomerate Thyssenkrupp is planning to split into two listed companies, the company said, taking a drastic strategic move following months of pressure from activist shareholders.

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House Republicans Tee Up Tax Vote Ahead of Midterms

House Republicans, touting the tax cuts that remain popular among their core voters, are poised to pass a $631 billion extension of them in their final legislative push before the midterm elections.

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U.S. Economic Growth Slated to Cool in Third Quarter

GDP growth cooled a bit in the third quarter after a robust April-through-June period, but should remain well above the sluggish gains posted throughout the economic expansion.

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Samsung Chairman Indicted Over Alleged Union Clampdown

South Korean prosecutors indicted Lee Sang-hoon, the board chairman of Samsung Electronics, for allegedly clamping down on labor union activities, adding another legal hurdle for the world’s largest chip maker.

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The Fed Isn't the Supreme Court. Thank Goodness

As American institutions from the courts to law enforcement have become partisan battlegrounds, the central bank for now is an island of dull, apolitical competence.

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WTO Cuts Trade Growth Forecast Citing Heightened Tensions

World trade will slow more sharply than previously expected this year and next, as global tariffs rise, the World Trade Organization said.

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U.S. Pending Home Sales Fell 1.8% in August

The number of U.S. existing homes going under contract declined in August for the fourth time in five months, reflecting what appears to be a broader slow-down in the housing market.

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WSJ Food Forum: Sweets Not Going Anywhere, Hershey CEO Says

Hershey CEO Michele Buck said the company aims to strike “more balance” between its longstanding candy businesses and the healthier snack operations it’s been acquiring.

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Conagra Posts Lower-Than-Expected Sales

Conagra Brands reported weaker than expected sales in its first quarter, despite an added lift from recent acquisitions.

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Petrobras to Pay $853.2 Million to Settle Corruption Probes

Petrobras said Thursday it had agreed to an $853.2 million settlement with U.S. and Brazilian law-enforcement authorities to end yearslong investigations into one of the biggest corruption schemes ever uncovered.

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Eurozone Manufacturing Confidence Slips

Manufacturers grew less upbeat about their prospects in September as French businesses saw a slowdown in new orders, while consumer confidence also weakened.

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U.S. GDP Growth Unrevised at 4.2% in Second Quarter

The U.S. economy expanded at a strong pace in the second quarter, with growth expected to pull back slightly this quarter but still continue its solid run.

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Aircraft Demand Propels Increase in U.S. Durable-Goods Orders

Demand for long-lasting goods produced by U.S. factories took off in August due to an increase in aircraft orders, but an underlying measure of business investment fell.

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U.S. Jobless Claims Rose Last Week

The number of Americans filing applications for new unemployment benefits rose last week, but remained at a historically low level, indicating Hurricane Florence likely had a fairly modest impact on the labor market.

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Try This For a Long Road Trip: 6,000 Miles, an 18-Wheeler and Your Spouse

With truck drivers in demand, married couples take on team driving gigs. ‘We’re in each other’s face 24/7 sometimes.’

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Widely Used Election Systems Are Vulnerable to Attack, Report Finds

Election machines used in more than half of U.S. states carry a flaw disclosed more than a decade ago that makes them vulnerable to a cyberattack, according to a new report.

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SoftBank Invests $400 Million in Home-Selling Startup Opendoor

SoftBank Group is raising its bet on the real-estate sector, as the Japanese conglomerate’s tech-focused Vision Fund has invested $400 million in online homebuying marketplace Opendoor Labs, the companies said.

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Bed Bath & More Bad News

Buoyed by a strong economy, consumers are happily spending money just about anywhere, except Bed Bath & Beyond.

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Aetna to Sell Medicare Part D Drug Business to WellCare Health

Aetna it has agreed to sell its Medicare Part D prescription business to a WellCare Health subsidiary, as the company waits for its merger with CVS Health to be approved by federal and state officials.

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Razor Chases Cash-Rich Scooter Startups

Razor USA is trying to catch up in a new scooter boom, hoping for a second act in a crowded market for shareable electric rides.

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New Laws Aim to Make Work Hours More Predictable

City and state governments are weighing how employee hours are set in an attempt to give shift workers more predictability and stability.

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Aluminum Makers' Profits Suffer as Alumina Prices Soar

The Trump administration’s aluminum tariffs are aimed at boosting U.S. producers’ profits, but the administration’s sanctions against Rusal are having the opposite effect.

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Jeff Bezos's Space Startup to Supply Engines for Boeing-Lockheed Rocket Venture

Blue Origin, the space-transportation company run by Jeff Bezos, has won a contract to provide engines for a potential rival’s next-generation rocket, vaulting Mr. Bezos into the lucrative market for Pentagon satellite launches.

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Fashion Houses Work to Build Buzz off the Runway

Gucci has come to dominate fashion season social media, but rivals are catching up.

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Wednesday, September 26, 2018

U.S. Makes Shortlist for Saudi Nuclear-Plant Deal

Saudi Arabia has put the U.S. on its shortlist of potential partners competing to build nuclear- power plants in the kingdom, while the two countries negotiate how to do a deal without spreading nuclear weapons, Energy Secretary Rick Perry said.

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Bed Bath & Beyond Reports Lower Comparable Sales, Profit Than Expected

The home goods retailer reported flattish revenue in the latest quarter, with a drop in store sales that missed analysts’ expectations.

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Tech Executives Warn of Overregulation in Privacy Push

A congressional hearing showed momentum behind legislative efforts to strengthen online users’ privacy, but also some resistance from tech companies leery of over-regulation.

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Deal Keeps Alive Last U.S. Nuclear Power Plant Under Construction

Owners of the last remaining nuclear-power plant under construction in the U.S. agreed to keep working, even as rising costs and unpredictable financial risks threaten the half-built project.

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Amazon Is Opening New York Store to Sell Highly Rated Products

Amazon.com said it is opening a new bricks-and-mortar store that will feature a selection of goods curated partly by local consumers’ online shopping habits, in an attempt to reshape the way consumers shop.

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Uber to Pay $148 Million Penalty to Settle 2016 Data Breach

Ride-hailing app company Uber Technologies has reached a nationwide settlement to pay a $148 million penalty to settle allegations it intentionally concealed a 2016 data breach.

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McDonald's Removes Artificial Ingredients from Burgers

McDonald’s is stripping artificial ingredients from more food to win over customers who, the burger chain believes, don’t want to eat things with names like calcium propionate and sodium benzoate.

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Fed Raises Interest Rates, Signals One More Increase This Year

The Federal Reserve raised short-term interest rates by another quarter-percentage point—and officials signaled they want to continue lifting them through the next year to keep a strong economy on an even keel.

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Cadillac Brand to Move Back to Detroit

General Motors is moving its Cadillac headquarters back to Detroit, nearly four years after relocating the luxury brand’s home base to New York City.

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SurveyMonkey Jumps in Public Market Debut

SVMK Inc., the parent company of SurveyMonkey, shares rose in its first public trading showing Wednesday, indicating growing investor appetite for software services platforms.

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Getting What You Pay Up for in the Cloud

Staying competitive in the cloud is expensive. Salesforce.com and Adobe, the two largest players in the industry, aren’t making it any cheaper.

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Farmers Say Aid Won't Cover Tariff Damage

The Trump administration has started compensating U.S. farmers for damage tariffs are doing to their business. Many farmers say the payments won’t make up for lost sales to China and other foreign markets they were counting on to buy their products.

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21st Century Fox to Sell Sky Stake to Comcast

21st Century Fox, after losing out on the auction for Sky, said it would sell its 39% stake in the European pay-TV giant to Comcast at the winning offer price.

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How China Systematically Pries Technology From U.S. Companies

Beijing is increasingly leaning on an array of levers to extract intellectual property—sometimes coercively—say U.S. companies. China says it’s payment for market access. The phenomenon is central to the trade fight between the two countries.

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New-Home Sales Bounced Back in August

Sales of new homes in the U.S. rebounded in August, following two months of declines.

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An Economic Cold War Looms Between the U.S. and China

As Washington and Beijing dig in on their trade dispute, some see an economic cold war looming in which the U.S. and China seek to lead competing economic blocs.

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LinkedIn's Hoffman on the Perils of Regulating Big Tech

Calls to regulate big tech companies are mounting. LinkedIn’s co-founder Reid Hoffman says lawmakers should be careful what they wish for.

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As Fed Raises Rates, Consumers Have Yet to Feel the Sting

U.S. consumer borrowing costs have drifted higher in recent months ahead of the Federal Reserve’s likely decision Wednesday to raise short-term interest rates, though the increases have generally been modest.

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FreightRover Signs $500 Million Deal to Speed Payments to Truckers

Supply-chain finance company FreightRover has signed a $500 million financing deal with New York-based Crayhill Capital Management, giving it more capacity in its business handling payments for trucking companies.

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Daimler Changes CEO as It Focuses on an Electric Future

Daimler said its long-serving chief executive will step down and will be succeeded by its current research and development chief, who has been driving the car maker’s push into electric vehicles and self-driving cars.

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WPP Consolidates Agencies as New CEO's Battle Plan Comes Into Force

WPP is merging its well-known creative agency Young & Rubicam with its digital-ad firm VML, part of the advertising giant’s efforts to combat digital disruption across the industry.

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Merck CEO to Remain in Job After Turning 65

Merck Chief Executive Kenneth Frazier will continue leading the company after he turns 65, after its board decided to no longer require the CEO to retire at that age.

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Federal Reserve Readies Third Interest-Rate Increase of 2018

The central bank is prepared to raise rates by a quarter percentage point after its two-day policy meeting concludes Wednesday. It would be the eighth such move since late 2015.

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Japanese Startups Chase Otherworldly Opportunities

A handful of Japanese companies are jockeying for position in the global rush to do business on the moon, fueled by falling launch costs and growing government spending.

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Europe's LNG Success Offers Opportunities for U.S., Challenges for Russia

European efforts to import more liquefied natural gas are starting to pay off, moving the region further away from Russia’s energy orbit and potentially creating more opportunities for U.S. producers.

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Some Good News From Rite Aid? It Is Possible

Drugstore chain should consider a sale of its PBM business to help reduce debt.

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Top Uber Deal Maker Disciplined After Probe Into Office Conduct

Uber executive Cameron Poetzscher, who played a key role in negotiating SoftBank’s investment in the ride-hailing firm, was disciplined after a probe found he had a pattern of making sexually suggestive comments about other co-workers.

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Apartment Rents Edge Higher

Third-quarter prices rose 2.9%, but tenants can still find deals in major metro areas.

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Shipping's New Arctic Routes Won't Thaw Cold Economic Reality

The ballyhooed sailing of a container ship shows how far the Northern Sea Route lane has to go to provide a viable alternative to traditional commercial shipping lanes between Asia and Europe.

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Nike Buzz Created Tough Expectations

Kaepernick ads sent the stock to a record, but solid earnings failed to further excite investors.

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Delta Briefly Halts U.S. Departures Because of Tech Problem

Delta Air Lines briefly halted U.S. domestic departures on Tuesday evening because of what the carrier said was a problem with its computer network.

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Tuesday, September 25, 2018

Some U.K. Businesses Fear They Won't Survive Customs Delays After Brexit

Executives at one in 10 U.K. companies fear their businesses could go bankrupt if imports faced 10- to 30-minute customs delays due to Brexit, according to a survey.

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CBS Names Richard Parsons as Interim Chairman

CBS Corp.’s board of directors has named Richard Parsons interim chairman, and two other longtime directors have resigned, in the latest significant change in the broadcaster’s ranks, the company said.

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Nike's Sales Rise 10% on Higher Spending on Sneakers and Apparel

Nike posted a 10% increase in sales during the summer quarter, riding strong consumer spending in the U.S. and healthy demand outside its home market for the brand’s sneakers and athletic apparel.

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Facebook's Messing With Instagram Prompted Co-Founders' Departure

Instagram’s co-founders increasingly clashed with Facebook CEO Mark Zuckerberg over a range of issues, including recent changes to the photo-sharing app that appeared designed to promote Facebook’s growth at Instagram’s expense.

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Shareholders Win Vote Urging Smith & Wesson Maker to Review Safety Efforts

Investors in American Outdoor Brands Corp. on Tuesday won a shareholder vote urging the top U.S. firearm maker to do more to address gun violence.

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Dunkin' to Drop 'Donuts' From Brand's Name

Dunkin’ Brands is dropping the word “Donuts” from its flagship brand, becoming the latest company to signal a fresh approach with a new name.

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Twitter Proposes Banning Dehumanizing Content

Twitter plans to expand its rules to no longer allow content that treats others as subhuman in its latest attempt to replace toxic speech with healthier discourse.

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Uber Wins Court Appeal Over Drivers' Working Classification

Uber Technologies scored a legal victory over drivers after a federal appeals court dismantled the class-action status of a lawsuit that had sought to reclassify independent contractors as employees.

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Owners of Last U.S. Nuclear Plant Face Few Good Options as Deadline Nears

The owners of the last remaining nuclear-power plant under construction in the U.S. continued Tuesday to negotiate a deal to finish the half-built project. But in some ways, the choice of whether to keep going amounts to a no-win proposition.

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Post Moonves, CBS Should Put More Women on TV

The dearth of female-powered content at CBS threatens to hurt its business.

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Trade Deal Could Move Ahead Without Canada, U.S. Official Signals

President Trump’s trade czar, Robert Lighthizer, signaled the U.S. and Mexico are ready to leave Canada behind in a revised North American Free Trade Agreement—and move ahead with a new version of the deal in days.

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U.S. Consumer Confidence Rose in September

Consumers’ outlook on the U.S. economy climbed further in September, as a strong economy and robust job growth bolstered American consumers’ sentiment.

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Home-Price Gains Decelerated in July

Home-price gains slowed for the fourth straight month in July, as higher mortgage rates begin acting as a brake on rapid price growth, offering some welcome respite for buyers.

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The Knot Parent Agrees to Tie-Up With WeddingWire

XO Group, parent company of wedding-planning website the Knot, has agreed to be taken private for about $933 million, a deal that would hitch it to nuptials-planning marketplace WeddingWire.

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Arby's Parent to Buy Sonic for $2.3 Billion

Inspire Brands is buying Sonic for $2.3 billion, including debt, as the company created by the merger of Arby’s and Buffalo Wild Wings seeks to build a portfolio of restaurant chains spanning the spectrum of fast food to casual dining.

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Qualcomm Accuses Apple of Funneling Intellectual Property to Intel

Qualcomm accused Apple of funneling proprietary information about the chip supplier’s technology to rival Intel, broadening a long-running legal battle between two companies central to the smartphone industry.

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Verizon Launches Early-Retirement Program to Trim Workforce

Verizon looking to trim its workforce, has offered early-retirement packages to thousands of staff, including all of its management employees as part of a broader cost-cutting effort.

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BMW Cuts Outlook, Blames Trade Disputes and Emissions Costs

Shares in BMW fell by as much as 6% after the luxury car maker warned that emissions-related costs, product recalls, and downward price pressure amid global trade disputes would dampen profit this year.

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Trump to Call for International Trade Reforms in U.N. Speech

President Trump is expected to call for the reform of the international trade system in his second address to the U.N. General Assembly, and he will ask that countries collectively work to ensure that global trade works for the prosperity of all.

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Shoppers Love Rewards Credit Cards. Retailers Hate Them.

Consumers have become addicted to credit cards with generous rewards programs. Retail merchants are pushing for the right to reject such credit cards, which they complain cut into their profits.

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Ex-Analyst in Insider-Trading Case Faced Sexual Misconduct Allegations at Harvard

Ex-Goldman Sachs analyst Damilare Sonoiki, who pleaded guilty last week to an insider-trading scheme, was accused by several women of sexual misconduct just before he was scheduled to graduate from Harvard in 2013. He denied the allegations.

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As Newell Sheds Brands, a Familiar Foe Circles

Newell Brands, the struggling conglomerate that is unloading several household brands, could end up selling one of its oldest businesses, the United States Playing Card Company, maker of Bicycle playing cards.

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Michael Kors Reaches Deal to Buy Versace

Michael Kors Holdings reached a deal to buy Italian fashion house Gianni Versace as the U.S. conglomerate better known for affordable luxury expands its global fashion luxury group.

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Instagram Co-Founders to Step Down From Facebook

The two co-founders of Facebook’s popular Instagram app are stepping down, a move marking continued tumult at the social-networking giant.

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Novartis to Cut 2,000 Jobs Amid Revamp

Novartis said it plans to cut more than 2,000 jobs as part of a global restructuring, the latest move by its new chief executive to refocus the pharmaceutical giant on higher-value drugs

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Taxiway Collisions Emerge as Biggest Threat to U.S. Air Travelers

U.S. air-crash investigators are slated to examine an escalating hazard for airline passengers: planes mistakenly lining up to land on airport taxiways, rather than runways, or actually touching down on them in error.

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SoftBank Leads $1 Billion Investment in Indian Hotel-Booking Startup

SoftBank Group is doubling down on one of its biggest bets in India by leading a $1 billion investment in hotel-booking startup OYO.

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In Disneyland's Hometown, Once Warm Relations Have Frozen

Tapping public animus toward corporate subsidies, Anaheim politicians are questioning the wisdom of granting Disney hundreds of millions in longstanding tax breaks to support expansion. The largest of those deals was terminated last month.

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IRS Is Wrongly Denying Tax Refunds, Some Companies Say

Multinational companies, backed by the Chamber of Commerce and an in-house critic at the IRS, say the government is incorrectly denying them refunds on their 2017 tax returns.

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New York Hotel Market Roars Back After Drowning in Too Much Supply

The New York City hotel market is bouncing back, as a growing U.S. economy and a wellspring of visitors have helped overcome years of construction that flooded the city with new hotels and pressured room rates.

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Monday, September 24, 2018

Trump Pursues Trade Deals in Asia, Europe Amid Frostiness With China

The Trump administration is turning to allies in Asia and Europe for trade deals as U.S. relations with China deteriorate and the world’s two largest economies exchange tit-for-tat tariffs that risk damaging global commerce.

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Gilead to Slice List Prices of Liver Drugs

The drugmaker intends to slash the list price of its hepatitis C treatments as it responds to competitive pricing pressures and shifts in the U.S. payment system for pharmaceuticals.

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Last Nuclear Plant Being Built in U.S. Survives Vote

One of the owners of the only remaining nuclear-power plant being built in the U.S. voted Monday to continue construction despite escalating costs.

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Boeing Wins Air Force Chopper Deal

Boeing secured a Pentagon contract worth up to $2.4 billion to provide helicopters for protecting nuclear-missile bases. The aerospace giant is awaiting the outcome of a larger deal to build Air Force trainer jets.

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Big Tech's Business Model Is Broken: Report

Silicon Valley tech giants can’t be trusted to police themselves and should be subject to tougher regulation, including around their pattern of acquiring competitors to accumulate ever-larger stores of user data, according to a critical new report released Monday.

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Shell CEO Considers Natural-Gas Bet

Ben van Beurden said a consortium led by the energy giant will decide before year-end whether to proceed with a $30 billion, liquefied-natural-gas export terminal in western Canada.

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Amarin Surges on Fish-Oil Drug Data

Amarin more than tripled in value after the company said its drug derived from fish oil reduced the risk of heart attacks, strokes and deaths in certain high-risk patients.

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Weight Watchers Changes Name as It Shifts Mission

Weight Watchers International is taking on a new name as it refocuses its mission and product lineup. The New York-based company said Monday it is now called WW.

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CEOs' Economic Outlook Eases on Trade Policy Uncertainty

The economic outlook among chief executives of America’s largest companies cooled slightly in the third quarter, as confrontational U.S. trade policies weighed on planning for capital spending and hiring.

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Salesforce Partners With Apple for Business Apps

Apple and Salesforce.com said they have formed a partnership intended on improving apps for businesses.

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Comcast Shares Slide After Regulators Accept Sky Bid

Shares of Comcast fell after the cable company won a bid over the weekend to gain control of European pay-TV giant Sky.

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House Set to Vote This Week on FAA Bill that Includes 'Build Act'

The U.S. House of Representatives is set to vote this week on a must-pass piece of legislation that includes a provision that would dramatically bolster American funding of global infrastructure and development projects.

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Sears CEO Pushes a Rescue Plan to Avoid Bankruptcy

Edward Lampert, who is also Sears’s chairman, controlling shareholder and biggest creditor, wants creditors to restructure about $1.1 billion of debt coming due in 2019 and 2020.

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Michael Kors Nears Deal to Buy Versace for Around $2.35 Billion

Michael Kors is close to a deal to buy Italian fashion house Versace for around $2.35 billion—a deal that would put one of the glitziest names in high fashion in the hands of a budding American conglomerate known for affordable luxury.

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China Says Trump Administration Is a Trade Bully as New Tariffs Take Effect

China’s State Council accused the Trump administration of being a trade bully and abandoning important communication channels, as a new round of tariffs took effect.

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U.S. Reliance on Obscure Imports From China Points to Vulnerability

Chinese imports exempted from the U.S.’s initial tariff hit-list show how China has become an outsize global producer of relatively obscure industrial commodities—on which American industry has become reliant.

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Sirius XM to Buy Pandora in $3.5 Billion Deal

Subscription radio company Sirius XM is buying music-streaming firm Pandora in an all-stock deal the companies said they value at about $3.5 billion.

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Chipotle Gets "Real" In New Ads Focused on Fresh Ingredients

Chipotle is launching a big ad campaign promoting its commitment to non-processed food as it looks to rehabilitate its image and become a lifestyle brand

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Airlines Try to Whip Up Better Meals for Coach Fliers

American Airlines is forming a partnership with the fast-casual dining chain Zoës Kitchen to offer a revised onboard menu for economy-class passengers.

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Barrick, Randgold to Create Gold-Mining Giant With $18.3 Billion Merger

Barrick Gold agreed to buy Randgold Resources in an all-share merger that will create the world’s largest gold company worth $18 billion with a dominant position in Africa.

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Singapore Imposes Fines, Restrictions Over Uber-Grab Deal

The Competition and Consumer Commission of Singapore fined ride-hailing firms Grab and Uber and imposed operating restrictions on the former after ruling that a merger earlier this year was anticompetitive.

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French Retailer Carrefour Denies Takeover Talks With Rival Casino

French retailer Casino Group said late Sunday its board had rejected entreaties from Carrefour about a possible combination.

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Sunday, September 23, 2018

Oil Producers Debate Best Way to Contain Crude Prices

OPEC producers largely agree that oil prices above $80 a barrel would be too high. But there is widespread disagreement on how the cartel and its allies should contain crude prices once U.S. sanctions banning Iranian oil sales take effect in November.

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Wall Street's Marijuana Madness: 'It's Like the Internet in 1997'

Entrepreneurs and investors are rushing headlong into the nascent legal marijuana industry, fueling a stock craze reminiscent of the late 1990s dot-com bubble and the recent bitcoin mania.

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Struggling U.S. Farmers Have a New Worry: a Resurgent Russia

Russian wheat exports are booming despite a crushing price slump, as the country’s farmers finally emerge from decades of neglect. They’re positioned to extend their gains at the expense of American outfits, who are threatened by tariffs.

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Policy Makers Rethink a 2% Inflation Target

That number has long been the Holy Grail for central banks. The big debate now: What’s a better target?

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Low Unemployment, Slow Wage Growth Bring Renewed Labor Strife

The humming economy is bringing more labor strife. In recent weeks, unionized hotel housekeepers in Chicago, distillery workers in Kentucky and crane operators in Seattle have all walked off the job to pressure employers for better pay and benefits.

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WPP Considers Merger of Young & Rubicam and Digital Ad Firm VML

WPP’s Chief Executive Mark Read is preparing to consolidate some of the advertising giant’s major properties, as traditional agencies struggle to keep pace with the industry’s digital shift.

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Vox Media On Pace to Miss Revenue Target as Digital Advertising Disappoints

Digital publisher Vox Media is expected to miss its revenue goal for this year by more than 15%, adding to the list of new-media companies struggling to live up to lofty growth expectations.

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Global Economy Week Ahead: Fed Policy Statement, GDP Estimate and Other Data

In the week ahead, the Federal Reserve releases its policy statement, while the U.S. Commerce Department releases gross-domestic product revisions, personal-income and durable-goods data.

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While Trump Grumbles About Fed, His Picks Exude Pragmatism

President Trump’s pique over the Federal Reserve’s interest-rate increases this summer stoked fears about a looming blowup between the White House and the central bank. But his nominees to the Fed’s board show his administration isn’t spoiling for a fight.

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Dell to Interview Banks for IPO in Lieu of Tracking-Stock Acquisition

Dell Technologies Inc. is exploring the possibility of launching a traditional IPO instead of going public through a proposed acquisition that has met resistance from several investors.

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Companies Buy Earnings Gains by Buying Back Stock

Companies’ record stock repurchases this year are causing profits to appear stronger and fueling the stock market’s record run.

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Used-Car Sales Boom as New Cars Get Too Pricey for Many

Rising new-car prices are pushing more buyers to the used-car lot, where they are finding a growing selection of low-mileage vehicles that are only a few years old.

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Your Browser Is the Most Important App You Have---Make Sure You Use the Right One

New web browsers present the perfect reason to test what a modern browser can do and even consider making a change.

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Porsche Drops Diesel Engines in Wake of Emissions Scandal

German luxury car maker Porsche will no longer offer diesel versions of its cars, the Volkswagen unit said, becoming the first German auto maker to drop the engines in the wake of the emissions-cheating scandal.

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Lights, Camera, Subtraction: The Box Office Will Miss MoviePass

The past year has been good for the U.S. box office, in part thanks to MoviePass. But the future of MoviePass’s parent is in question and new limits on the number of films subscribers can see could make it less of a force.

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Saturday, September 22, 2018

Comcast Beats Out Fox to Acquire Sky

Comcast topped 21st Century Fox in a weekend auction for Sky, winning the British broadcaster with a $38.8 billion bid that ends a monthslong takeover battle and promises Comcast a greatly expanded international footprint.

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Sky Loss Is a Disappointment for Disney Ambitions

Walt Disney didn’t win Sky as part of its acquisition of 21st Century Fox assets, but the end to the unusual bidding war leaves rival Comcast paying a sum that will benefit Disney as a minority owner of the British pay-TV operator.

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FAA Bill Leaves Out Change Fee Oversight

Congressional lawmakers have left a proposal to regulate airline “change fees” out of a bill authorizing the Federal Aviation Administration’s operations.

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Venmo Looks to New Leader to Overcome 'Growing Pains'

PayPal Holdings is replacing the executive in charge of its popular Venmo service for the second time in two years, putting its leadership in flux at a time when the company is looking to transform it into a moneymaker.

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No Sex Please, We're Apple: iPhone Giant Seeks TV Success on Its Own Terms

Apple wants to make scripted shows for streaming. But it doesn’t want to risk its pristine brand image by including violence, politics, raw language and risquĂ© story lines common to cable, Netflix and Amazon.

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Google CEO Warns Staff: Stay Nonpartisan

Google CEO Sundar Pichai warned employees in a memo against letting their personal politics affect their work as the company fends off criticism that its widely used products could be biased.

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Friday, September 21, 2018

Airbnb Proposes Giving Hosts Company Equity

Airbnb has asked the SEC to change rules to potentially allow the home-sharing platform to offer hosts a stake in the company.

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Neiman Marcus Bondholder Criticizes Transfer of MyTheresa

A Neiman Marcus bondholder said the luxury retailer is in default on its debt after transferring online business MyTheresa to its parent company, further from the reach of creditors.

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FreshDirect Delivers Apologies as Grocery Shipments Stumble

The online grocer says it’s still addressing stockouts and botched deliveries since its move into a new New York distribution center.

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China's Giant Market for Really Tiny Cars

The taste for tiny electric vehicles has become a quirky subplot in China’s clean-energy ambitions, with sales more than twice that of regular electric cars.

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The Art Market Pounces on Its Next Big Star. Now She Has to Hold On.

Seven years ago, Njideka Akunyili Crosby’s paintings were selling for $3,000. Now they go for $3 million. Her next challenge is to avoid the quick rise and fall other young artists have suffered in a contemporary art market that churns through its favorites.

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Circle of Life: Elton John Stays With Music Label

Elton John re-signed a deal to stay with the world’s largest music company, Universal Music Group, in a sign there is still a place for music labels in the streaming age.

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Drugmakers' Free Services Trigger Anti-Kickback Probe

Federal prosecutors are probing whether big drugmakers including Sanofi, Gilead Sciences and Biogen potentially violated laws by providing free services to doctors and patients.

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Game Theory Part of the Art of the Sky Deal

The same type of blind auction used to pick players in fantasy football leagues could decide the fate of Sky, a media company that employs 30,000 people and has a stock-market value of $36 billion.

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Delta Seeks Jet-Fuel Refinery Partner

Delta Air Lines is looking for a partner to share the burden of its six-year experiment in running a jet-fuel refinery.

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Apple Launches New iPhones (Again). Here's a Guide.

Two of the newest iPhones hit stores Friday, with scenes of customers around the world lining up outside Apple stores. Customer turnout will go a long way toward determining Apple’s results over the next year.

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Amazon Is a Giant. But Bigness Isn't a Crime

The company’s scale worries critics, but antitrust law punishes conduct, not size.

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Catfish Gets Tangled in a Small-Fry Trade War

In the standoff between American catfish and a Vietnamese cousin, a new food inspection program has tangled everyone in red tape, showing how measures intended to help U.S. businesses can backfire.

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Intel's Shortages Chip Away at Micron

A shortage of high-end computer chips from Intel is being felt in other segments of the tech sector. The question is how far it might spread.

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Trade Tensions Spell Trouble for Eurozone Economy

The eurozone’s economy continued its slow-motion slowdown in September, as exports suffered from a drop off in global demand and uncertainty about future trade relations between the U.S. and other countries.

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Turkey's Economic Woes Raise Tensions in Egypt

Turkey’s economic crisis has heightened concerns in Egypt about whether the Arab world’s largest country—which is wrestling with some of its worst economic woes in years—is positioned to withstand falling confidence in emerging markets world-wide.

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Medtronic to Buy Mazor Robotics for $1.6 Billion

Medtronic has reached a deal to acquire medical device maker Mazor Robotics, as the company looks to strengthen its technology for robotic-assisted spine surgeries.

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Thursday, September 20, 2018

Google Workers Discussed Tweaking Search Function to Counter Travel Ban

Days after the Trump administration instituted a controversial travel ban in January 2017, Google employees discussed how they could tweak the company’s search-related functions to show users how to contribute to pro-immigration organizations and contact lawmakers and government agencies, according to internal company emails.

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Former MiMedx Executives to Lose Compensation

MiMedx has determined that four former executives engaged in conduct detrimental to the business and should forfeit compensation in connection with their exits, now seen as “for cause” terminations.

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AT&T Attacks DOJ Appeal in Time Warner Case

AT&T defended a court ruling that allowed it to buy Time Warner, arguing that both the law and current industry realities showed the acquisition wouldn’t harm competition.

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Adobe Buys Marketing-Automation Firm Marketo for $4.75 Billion

Adobe Systems agreed to acquire marketing-automation firm Marketo for $4.75 billion, its largest acquisition ever and the latest sign of its ambition to become a one-stop-shop for marketers.

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Disney Reanimates Portions of Upcoming Film After Backlash

Walt Disney Co. has decided to reanimate scenes showing its only black princess in the coming “Wreck-It Ralph” sequel after facing criticism that the company had lightened her skin tone and narrowed her nose.

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Amazon's New Microwave: 'Alexa, Please Defrost My Chicken'

Amazon is offering makers of electronics a small chip that would let people use their voice to command everything from microwaves and coffee machines to room fans and guitar amplifiers.

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GE Finds Flaw in Power-Plant Turbines

General Electric discovered a flaw in its newest power-plant turbines after a key part failed earlier this month, forcing utility Exelon to shut down two Texas plants while GE makes repairs.

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U.S. Household Net Worth Neared $107 Trillion in Second Quarter

The total net worth of U.S. households rose to nearly $107 trillion during the second quarter of 2018, as higher property and stock prices boosted Americans’ wealth.

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Google Says It Continues to Allow Apps to Scan Data From Gmail

Google said it continues to allow other companies to scan and share data from Gmail accounts, responding to questions on Capitol Hill about privacy and potential misuse of information in users’ emails.

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Eventbrite Surges in Market Debut

Shares in the ticketing and event-services company jumped sharply in their market debut on the New York Stock Exchange Thursday.

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Minneapolis Prosecutors to Review Rape Allegation Against JD.com Founder

The Minneapolis Police Department has completed its initial investigation into a rape allegation against Chinese billionaire Liu Qiangdong, and prosecutors are now expected to decide whether to bring charges.

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ESPN Streaming Service Surpasses One Million Subscribers

Sports TV giant ESPN, which has battled cable TV cord-cutting, is betting big on a $4.99-a-month streaming service that carries a range of programming but not the live ESPN channels.

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Airlines Fight Push to Regulate Ticket-Change Fees

U.S. carriers are battling with Congress to keep control of the nearly $3 billion passengers pay annually to change their flights.

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U.S. Existing-Home Sales Steadied in August

Sales of previously owned U.S. homes held steady in August after a stretch of weakness in the housing market.

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Growing Opposition Threatens Completion of Last U.S. Nuclear Plant

The sole remaining nuclear power plant under construction in the U.S. is facing mounting opposition from cities and lawmakers concerned about its rising costs.

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Oil Giants Use Size to Overcome Fracking Challenges

Shale drilling, once the province of small, scrappy operators, faces challenges including pipeline bottlenecks and rising costs. Now oil giants are using their size to tackle those problems.

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Amazon Investment Could Lead to Large Stake in India Retail Chain

Amazon.com has joined forces with a private-equity firm in India that is acquiring one of the largest retail chains in the South Asian nation.

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Under Armour to Cut 400 Jobs

Under Armour is cutting about 400 jobs globally as part of its ongoing restructuring effort.

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Activision's Duty to Challenge 'Fortnite'

Activision Blizzard needs to keep latest iteration of its key franchise—”Call Of Duty: Black Ops 4”—on top, and its solid challenge to the combat-survival game “Fortnite” may help it succeed.

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Thor Industries Slides Amid Weaker Profit, Cloudy Forecast

Thor Industries shares slid 7% in premarket trading after reporting weaker sales and profits in the most recent quarter after it cut production and took other actions to balance dealer inventory levels

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OECD Sees Trade Tensions Hindering Global Growth

The global economy will continue to expand strongly in the coming years, but trade tensions could hinder investment and slow the pace of expansion, said the OECD.

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Swiss Paradox: Booming Economy, Negative Interest Rates

Switzerland’s central bank left its key rate at minus 0.75% despite a strong economy, standing apart from most rich countries that are following the Fed in moving away from crisis-era policies.

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U.S. Jobless Claims Fall to 49-Year Low

The number of Americans filing applications for new unemployment benefits fell to a fresh 49-year low last week, though any effect from Hurricane Florence may not be realized for several weeks.

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Artificial Intelligence: The Robots Are Now Hiring

More and more companies are using artificial intelligence and machine learning tools to assess possible employees. But are these practices fair? WSJ’s Jason Bellini investigates, in this new episode of Moving Upstream.

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Comcast, Fox to Settle $35 Billion Takeover Battle for Sky in Auction

British regulators said Comcast and Fox will settle their takeover battle for Sky via an auction starting Friday, a dramatic climax to a lengthy sale process involving some of the world’s biggest media companies.

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EU Demands Facebook Update 'Misleading' Fine Print

The EU is ramping up pressure on Facebook to better spell out to consumers how their data is being used or face sanctions in several countries.

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Companies' Brexit Challenge: Preparing for the Unknown

Some of the world’s biggest companies are drawing up plans for the unplannable: a March divorce between Britain and the European Union, in which even some basic parameters have yet to be hammered out.

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Alibaba's Ma Recants Promise to Create One Million U.S. Jobs

Chinese technology tycoon Jack Ma is recanting his promise to create one million jobs in the U.S., citing the trade spat between the world’s two biggest economies.

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Nestlé to Explore Options for Skin-Health Unit

Nestlé is exploring strategic options for its skin-health unit, a business analysts say could fetch $4.1 billion, its latest move to narrow its focus to food and beverages as it faces pressure from an activist investor.

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OPEC, Russia to Discuss Output as Iran Sanctions Bite

OPEC and its Russia-led counterparts meet this weekend to gauge whether they need to boost output amid U.S. sanctions on Iran as international oil prices flirt with multiyear highs.

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Wednesday, September 19, 2018

Florence Flooding Hits North Carolina Hog Farms Hard

Floodwaters have caused the worst damage to North Carolina’s hog farms in nearly two decades, with more than 5,000 animals dying and several dozen waste lagoons releasing pollutants into waterways.

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Trump to Nominate Former Fed Economist Nellie Liang for Board Seat

President Trump is set to nominate Nellie Liang, a former Federal Reserve economist who created its first office of financial stability, to the central bank’s board of governors.

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Profit Repatriation Slows in the Second Quarter After Tax Overhaul

U.S. companies repatriated $169.5 billion in foreign profits between April and June—more than in most recent periods, but underscoring a cautious approach to shifting huge sums across borders.

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Bringing iPhone Assembly to U.S. Would Be a Hollow Victory for Trump

If Apple moved smartphone production to the U.S. to avoid the president’s tariffs, it could do more harm than good.

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EU Probing Amazon's Treatment of Merchants Using Its Platform

European Union antitrust authorities have opened a preliminary investigation into Amazon.com’s treatment of other merchants that sell products using its platform, starting a new regulatory front against an American tech giant.

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World Poverty Falls Below 750 Million

The global population living in extreme poverty has fallen below 750 million for the first time since the World Bank began collecting global statistics in 1990, a decline of more than 1 billion people in the past 25 years.

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Some Companies Spend Plenty to Lure Executives Willing to Relocate

A lot of executives don’t relish the idea of disrupting their lives to take a distant job, but they don’t have to in the current strong economy. That is why more companies are offering rich relocation packages to lure top talent to another city.

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U.S. Current-Account Deficit Narrowed in Second Quarter

The U.S. current-account deficit, a measure of the nation’s trade and financial flows with other countries, narrowed to $101.46 billion in the second quarter.

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U.S. Housing Starts Rose in August

U.S. housing starts rebounded in August, driven by gains in multifamily construction that might not be sustained.

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Latest U.S. Tariffs Could Make Auto Parts Pricier

The Trump administration’s latest tariffs will hammer Chinese auto-parts makers, likely raising prices for their U.S. customers, who have few options to buy key parts elsewhere, manufacturers and industry experts say.

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Google, T-Mobile Tackle 911 Call Problem

Android phones will soon send Google Maps-like location data to emergency call centers.

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AutoNation's Outspoken Chief Executive to Step Down Next Year

AutoNation CEO Mike Jackson, who stood out in the tight-lipped auto industry for his outspoken personality, will step down after leading the U.S.’s largest dealership chain for nearly two decades.

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Apple Leads With Its Pricier iPhones This Year

For the second straight year, Apple is starting to sell its new iPhone models at different times—but this time, the lag reflects a staggered production timeline set by the tech giant rather than manufacturing issues it experienced last year.

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Bayer Steps Up Fight Over Weed Killer Blamed for Cancer

Bayer is stepping up the legal defense of its flagship weed killer, after a verdict in a recent case alleging the chemical causes cancer sent shares tumbling and raised the prospect of costly payouts.

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Ordering Coffee Through Your Car? New Apps Turn Cars Into Smartphones, Raising Safety Questions

Car makers seeking new revenue streams are offering drivers the ability to preorder coffee or make restaurant reservations on the move, raising safety concerns at a time when distracted driving is already at elevated levels.

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AI Is the New Weapon Against Cyberattacks

As hackers get smarter and more determined, artificial intelligence is going to be an important part of the solution.

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McDonald's Avoids Fines as Europe Rules Its Tax Deal Is Legal

European Union regulators said McDonald’s tax arrangement in Luxembourg is legal, dropping an investigation against the U.S. fast-food giant in contrast with a barrage of fines levied on American tech firms.

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Union Pacific's Cure for Congestion: Imitate a Rival

Union Pacific Corp. never hired Hunter Harrison to run its sprawling network. But with congestion clogging its system, the company is now adopting the late railroad maverick’s strategy to speed its freight trains.

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Amazon Forecast to Be No. 3 Digital Advertising Player in 2018

Th tech giant is expected to surpass Verizon’s Oath and Microsoft, according to new eMarketer estimates, according to research firm eMarketer.

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World Economic Forum Takes On China Tech Regulation

As China’s technology industry and government tangle over regulation, the World Economic Forum—best known for its annual Davos meeting—is stepping into the fray, opening a “Center for the Fourth Industrial Revolution” in Beijing.

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Bank of Japan Maintains Promise to Keep Extremely Low Rates for 'Extended Period'

The Bank of Japan reiterated that it would keep interest rates extremely low “for an extended period,” holding to forward guidance it first introduced in July.

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Tuesday, September 18, 2018

Former SeaWorld CEO Settles Claim He Misled Investors

James Atchison will pay more than $1 million to settle SEC charges he wasn’t upfront with investors about the impact documentary film “Blackfish” would have on the theme-park operator.

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Holidays Gifts May Escape Tariffs, but Retailers Won't

The newly announced U.S. tariffs on Chinese consumer goods won’t hit most items that will be in stores for the 2018 holidays, but retailers are hustling to speed some shipments through ports and bracing for higher costs next year.

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WeWork Reaches Settlement on Noncompete Pacts

The shared-office company agreed to sharply curtail its practice of requiring most employees to sign broad noncompete agreements, as part of a settlement with the attorneys general of New York and Illinois.

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Who Is the Man Musk Plans to Send Around the Moon?

Yusaku Maezawa, a 42-year-old e-commerce mogul and art collector, is Elon Musk’s first paying passenger for a journey around the moon.

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U.S. Probes Tesla Over Musk's Tweet About Going Private

Tesla said it received a “voluntary request for documents” from the Justice Department, which came after CEO Elon Musk’s tweet to take the company private.

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Benefit Gains Exceed Wage Growth, New Labor Data Show

Americans’ compensation is growing, but workers might not notice it in their regular pay.

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Women Trail Men in Size of Equity Stakes in Startups

Female employees at startups typically get less than half the amount of equity of their male peers, according to a new study, highlighting one factor that has limited women’s involvement in the Silicon Valley wealth-generating machine.

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Alibaba's Jack Ma Denies Beijing Forced Him Out

Billionaire Jack Ma said China’s government didn’t push him to step down as head of Alibaba Group Holding Ltd., blaming rumors emanating from outside China for fueling such speculation.

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Behind Your Rising Health-Care Bills: Secret Hospital Deals That Squelch Competition

Hidden provisions in contracts between health-care providers and insurers allow hospitals to hide prices from consumers, add fees and discourage use of less-expensive rivals.

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Neiman Marcus Sales Rise but Losses Continue

Neiman Marcus reported stronger quarterly sales, as the luxury retailer benefits from robust spending by wealthy consumers.

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Very Interesting! Awesome! Love it! Gmail Users Confront Chipper 'Smart Reply'

Google’s automated email replies, which are being rolled to its 1.4 billion accounts, have baffled users with some peculiar suggestions

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Thor Industries to Acquire RV Maker Erwin Hymer Group

Thor Industries has agreed to acquire the privately held Erwin Hymer Group in a cash-and-stock deal valued at about $2.2 billion, giving the U.S. recreational vehicle maker an entrance to Europe.

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Dollar Tree to Consolidate Support Centers

Dollar Tree said it is consolidating store support centers into the company’s new headquarters in Chesapeake, Va.

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U.S. Business Groups Urge Trump to Keep Canada in Nafta

U.S. business groups sought Tuesday to increase pressure on the Trump Administration to retain the existing structure of Nafta, urging U.S. officials to avoid advancing a new pact that excludes Canada.

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Extreme Poverty Concentrates in Sub-Saharan Africa

The number of people living in extreme poverty is becoming concentrated in some of the most unstable and populous parts of Africa, raising the risk of political violence and devastating disease outbreaks.

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Giant Debt Offer Tests Appetite for Low-Rated Companies

One of the largest-ever sales of speculative-grade debt underscores a favorable environment for U.S. borrowers amid a robust economy and strong demand from investors.

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Latest U.S. Trade Tariffs Leave China Facing a Dilemma

New U.S. tariffs on China’s exports escalated the countries’ trade fight, with Chinese officials scrambling on how to retaliate and whether to accept Washington’s offer for more negotiations.

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General Mills Posts Sales Growth, But North America Underperforms

Sales rose in General Mills’ latest quarter despite a decline in its North American business, which brings in most of the food company’s revenue.

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Bertelsmann to Merge Unit That Moderates for Facebook With a Competitor

Bertelsmann has agreed to merge the part of its business that offers content moderation services for the likes of Facebook with a competitor, the German media giant said Tuesday.

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Mastercard, Visa Agree to Settle Merchant Antitrust Suit

Mastercard, Visa and other financial institutions have agreed to settle a long-running antitrust lawsuit with merchants over the fees they pay when they accept card payments for a proposed settlement amount of $6.2 billion.

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No, the Financial Crisis Didn't Spawn Populism

Two defining events of the last decade were the financial crisis and the rise of right-wing populists like Donald Trump. But the two aren’t as closely connected as some commentators would have you believe.

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Here Come Tesla's Challengers With All-Electric SUVs

European luxury auto makers are coming after Tesla with their own high-end, long-range electric vehicles, and they are targeting on one of America’s most popular vehicle categories: SUVs.

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iPhone XS and XS Max Review: Sit Tight for the XR

The new iPhone XS and XS Max are great phones but the XR, due out in October, sounds more like a great deal. We’ve hit a point where every smartphone is great, so it comes down to what you want and what you want to spend.

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WeWork Is Now the Biggest Occupier of Manhattan Office Space

Surpassing JPMorgan Chase, the co-working company now rents 5.3 million square feet in Manhattan. WeWork used to appeal primarily to startups, but its growth is accelerating by leasing to bigger firms like Verizon and Liberty Mutual.

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Software 'Robots' Power Surging Values for Three Little-Known Startups

After years toiling in obscurity, startups UiPath, Blue Prism and Automation Anywherre have suddenly hit the jackpot in a corner of the enterprise-software market.

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Facebook Sought Access to Financial Firms' Customer Data

The social-media company has been under scrutiny for months over its handling of personal data, but it has been haggling with financial firms over its access to sensitive financial data for years.

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Las Vegas High-Speed Rail Venture Gets New Owner

A Florida company’s acquisition of the operator of a planned high-speed rail system connecting Las Vegas and Southern California could breathe new life into the long-delayed project.

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German Car Makers Investigated Over 'Possible Collusion'

The European Union’s antitrust body has opened a formal investigation into “possible collusion” among Germany’s big car makers to limit the development of technology that would reduce harmful exhaust emissions.

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Monday, September 17, 2018

Google to Partner With Biggest Car Alliance

Google is making a major push into the auto industry, partnering with the Renault-Nissan-Mitsubishi Alliance to use the Android operating system to power media display that will eventually be sold in millions of cars world-wide.

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SpaceX's First Moon Tourist Is a Japanese Billionaire

SpaceX’s first paying passenger will be Japanese billionaire Yusaku Maezawa, who is to blast off from earth in 2023, circle the moon and return, Elon Musk announced.

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Julie Chen, Wife of Les Moonves, to Leave 'The Talk' on CBS

Julie Chen, wife of former CBS chief Leslie Moonves, who last week resigned in the midst of sexual-harassment allegations, will quit her role as a host on the network’s daytime talk show “The Talk.”

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HBO and Netflix Tie for Emmy Awards

HBO and Netflix tied for the most Emmy Awards with 23 each, highlighting the race for dominance in a television industry whose competitive landscape is rapidly shifting.

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FedEx Sounds Alarm on Tariffs

Company warns of slowdown of economic activity between U.S. and China as it reports jump in quarterly earnings.

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HBO vs. Netflix: What to Watch for at the Emmys

From the best comedy race to the showdown between HBO and Netflix, here are five things to be on the lookout for during Monday’s Emmy Awards.

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Nestlé to Sell Gerber Life Insurance to Western & Southern Financial

Nestlé announced Monday it has agreed to sell its Gerber Life Insurance Co. unit to Western & Southern Financial Group for $1.55 billion in cash.

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Oracle Revenues Up 1%, Sending Shares Lower After-Hours

Oracle managed to boost revenue, but the results may increase pressure on the company to explain how it will win customers for its cloud offerings.

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Thai Cave Diver Sues Elon Musk for Defamation

The Tesla founder has been sued by Vernon Unsworth, a British cave explorer involved in rescue efforts to save a Thai youth soccer team, alleging he was defamed by Mr. Musk for suggesting he was a pedophile.

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Brazil's Natura Recently Approached Avon About a Takeover

The companies aren’t in serious talks and Avon, which has received other expressions of interest, is focused on turning itself around and reviving its shares, a person familiar with the matter said.

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iOS 12 Review: Free Update Revives Old Phones, Makes Siri Useful

Apple’s best iPhone upgrade this year doesn’t cost a dime. Put iOS 12 on your old phone and it will feel like new, says columnist David Pierce.

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Cigna, Express Scripts Say Merger Cleared by Justice Department

Cigna Corp. and Express Scripts Holding Co. on Monday said the Antitrust Division of the U.S. Department of Justice cleared their pending merger.

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Tesla or Exxon: Which Company Is More Sustainable?

As investors back more companies based on social factors, more questions are coming up about how they are graded.

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Trump to Lay Out Line on China Trade

President Trump said on Monday his administration would make an announcement about China after the close of markets, without elaborating.

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Trump Adviser Kudlow Blames Deficits on Spending, Not Tax Cuts

A top economic adviser to President Trump said the U.S. is ready to engage in serious trade talks with China, in comments that also shrugged off massive U.S. government budget deficits as largely a function of too much government spending and not tax cuts.

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Time Magazine's Financials Show the Benioffs Inherit a Publication Under Pressure

With their acquisition of Time magazine, Salesforce.com co-founder Marc Benioff and his wife Lynne will inherit a publication racing to find digital revenue to offset a steep erosion in the print business.

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A Twist in the U.S. Tariff Battle: 'It's Helping China Be More Competitive'

China for years has been pushing its economy away from inexpensive exports toward advanced factories and products. That process is now accelerating in the Pearl River Delta, the country’s manufacturing center, as companies respond to the economic blow of U.S. tariffs.

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Fox Board Member Viet Dinh to Take On Senior Executive Role

Longtime 21st Century Fox board member Viet Dinh is stepping down to take a senior position with “Fox,” the tentative name for the company that will consist of entertainment and news assets not being acquired by Walt Disney.

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Richard Clarida Sworn in as Vice Chairman of Federal Reserve Board

Columbia University economist Richard Clarida was sworn in as the Federal Reserve’s vice chairman and will serve as the No. 2 to Fed Chairman Jerome Powell.

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New Doubts Emerge About U.S.-Led Sanctions on North Korea

Fresh doubts are emerging about the potency of a U.S.-led sanctions campaign aimed at crippling North Korea’s economy and forcing the country to end its atomic-weapons programs, as denuclearization talks have stalled.

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For Apple, U.S.-China Trade Fight Grows Riskier

The U.S.-China trade fight is becoming more perilous for Apple as the Trump administration’s tariffs threaten some of its gadget sales and as China weighs retaliatory measures.

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China Rebukes Local Officials Over Debt Pile

China’s Finance Ministry is upping the pressure on local governments, reprimanding dozens of officials in one province that has seen its debt troubles spill into public protests.

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Altaba Sells Remaining Yahoo Japan Shares

Altaba, the former Yahoo, said it has closed the sale of its remaining Yahoo Japan stake for roughly $4.3 billion and will use the proceeds to buy back its stock.

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Tyson Foods Appoints New CEO

Tyson Foods said Chief Executive Tom Hayes is leaving his role as CEO and that an executive who has run the company’s beef, pork and international group, Noel White, will take over.

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Out of Stock This Holiday Season: Store Workers

Retail job openings are outpacing hiring, and retailers are responding by starting the push for holiday workers earlier than ever, raising wages and offering extra perks such as paid time off.

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Alibaba's Jack Ma Says Government Should Stick to Governing

Chinese e-commerce tycoon Jack Ma used a government-sponsored forum to suggest regulators take a lighter touch in dealing with technology companies, saying the market should be allowed to decide how new industries like artificial intelligence develop.

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H&M Shares Soar as Recovery Efforts Boost Sales

Shares in Hennes & Mauritz surged more than 13% after the fashion retailer reported stronger-than-expected quarterly sales, a sign its turnaround efforts could be starting to bear fruit.

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DowDuPont CEO Breen to Take Executive Chairman Role at Spinoff

DowDuPont Chief Executive Edward Breen will assume the top executive position at the specialty-products company that will be created next year as part of the conglomerate’s yearslong plan to split into three entities.

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All Eyes on Oracle's Cloud, However Hard to See

Here’s what you need to know when Oracle Corp. reports financial results for its fiscal first quarter after the close of trading Monday.

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Bertelsmann to Buy OnCourse Learning in Education Push

Bertelsmann has agreed to buy online-education firm OnCourse Learning, the German media group’s latest move to expand in the U.S. education market.

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Sunday, September 16, 2018

Private-Equity Firms TPG and Rockbridge Explore Sale of AXS

Private-equity firms TPG and Rockbridge Growth Equity are exploring strategic options for their stake in ticketing company AXS, including a possible sale.

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Time Magazine Sold to Salesforce Founder Marc Benioff for $190 Million

Nearly eight months after Meredith completed its purchase of Time, the publisher has agreed to sell Time magazine for $190 million to Marc Benioff, co-founder of Salesforce.com, and his wife Lynne Benioff.

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