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Sainsburys and Asda's planned merger thrown into serious doubt by watchdog

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It warns that it would be "difficult" for both companies to address the issues they have identified and could mean cutting a number of stores or slashing one of the brands. It also warned that the deal could result in a hike in petrol prices in around 100 locations in the United Kingdom where there are both Sainsbury's and Asda petrol stations. Read More »

Indian SC finds Anil Ambani guilty of contempt in RCom-Ericsson case

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However, market analysts point out that all of these options will take time to finish and conclude, one commodity that RCom no longer has with today's Supreme Court judgement. Now the court says Mr Ambani will be jailed for three months unless he pays. The Swedish telecom equipment maker had complained that Reliance Communications had not paid up as ordered by the court earlier. Read More »

Southwest Experiences Operational Emergency

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Members of the Aircraft Mechanics Fraternal Association , representing 2,700 Southwest workers, rejected a tentative contract agreement in September. Oestreich said, "AMFA Aircraft Technicians and Inspectors completed roughly 9,000... engine fan blade inspections in 30 days..." The spike in out-of-service planes follows our CBS News investigation into mechanics' complaints of undue pressure to put aircraft back in service faster. Read More »

EuroMillions ticket worth €175 million sold in Ireland

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Miriam Donohe, from the National Lottery says, despite the excitement, the person does need to stay calm. In the main draw, the numbers to look out for 1, 8, 18, 19 , 39. "The winning ticket was sold in Ireland". The winning ticket, which was a lucky dip, made them the fourth biggest winners in United Kingdom lottery history. Read More »

What's really hurting vehicle manufacturers — Honda

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However, global businesses need to take into account changes in the worldwide market. A statement said: "This proposal comes as Honda accelerates its commitment to electrified cars, in response to the unprecedented changes in the global automotive industry. Read More »

The EU warns they 'will not reopen the withdrawal agreement'

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EU Commission spokesman Margaritis Schinas said "the EU27 will not reopen the withdrawal agreement", a condition that many British lawmakers have insisted upon before they will back a deal to have Britain leave the bloc on March 29. "I don't think it's the mechanism that matters, it's the objective", he told the BBC's Andrew Marr. The British Parliament voted down May's Brexit deal last month, largely because of concerns about a provision for the border between the U.K.'s Northern Ireland ... Read More »

European Union warns it will not re-open agreement on Irish backstop

The plan would replace the backstop with a free trade agreement and technological methods for keeping the Irish border open after Brexit. Mr Juncker delivered a reality to check to any optimism telling journalists in Stuttgart, Germany: "There is not enough movement for me to be able to assume that it will be a productive discussion. Read More »

Walmart Flexes In The Fourth Quarter, Beats All Expectations

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Shares of Walmart Inc. rose 4 percent, to $103.70 in premarket trading. "To us, the consumer looks like they're in pretty good shape", Walmart CFO Brett Biggs said on Tuesday's earnings call. stores and delivery at almost 800 locations. For the year, Walmart saw revenue growth of 2.8 percent to $514.4 billion. The discounter hasn't yet disclosed the year-end figures. Read More »

Paris | Airbus pulls plug on costly A380 superjumbo

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Airbus added that there was a "lack of order backlog with other airlines". Airbus boasted it would sell 700-750 A380s, which nowadays cost US$ 446 million at list prices, and render the 747 obsolete. Airbus, of course, will provide full support to operators of the A380, "said Enders". Rhys McCarthy of Britain's Unite union said it was "a sad day for Airbus's dedicated United Kingdom workforce". Read More »

Auto industry lines up against possible U.S. tariffs

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Trump ordered the investigation in May, and after receiving the report he now has 90 days to decide whether or not to impose tariffs. The auto dispute follows American tariffs on European steel and aluminum imports, brought using the same national-security justification. Read More »

Payless is closing down its stores in the U.S.

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Liquidation sales, including in Salina, began on Sunday. Payless had previously filed for bankruptcy in April of 2017. "This process does not affect the company's franchise operations or its Latin American stores, which remain open for business as usual". Read More »

United Kingdom throws drowning Huawei a European lifeline

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The company, the biggest global maker of switching gear for phone and internet companies, denies accusations it facilitates Chinese spying and said it would reject any government demands to disclose confidential information about foreign customers. Read More »

Woman gives birth on JetBlue flight

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An arrest affidavit states that Gonzalez had said, "I'm not sitting next to a f.ing 3-year-old". Radio station manager Orlando Alzugaray, who was on the JetBlue flight bound for Las Vegas, tweeted the video with the caption, "Here's a insane (drunk) chick getting thrown off our flight to Vegas". Read More »

Uber narrows losses, growth slows on the road to IPO

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Uber dramatically narrowed it loss past year, thanks to the sale of its businesses in Russian Federation and Southeast Asia, the company reported Friday. One of the pair could be listed as soon as the second quarter of this year and so Lyft are preparing to steal an advantage with news of their rapid growth. Read More »

Payless is closing its 2100 USA shoe stores

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The company first filed for Chapter 11 bankruptcy in April 2017 and closed roughly 400 stores at that time. Although Payless was able to halve its debt, its efforts to find a buyer in the wake of the filing have so far proved unsuccessful. Read More »

Japanese auto manufacturer to SHUT Swindon factory — Honda

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The Japanese company declined to comment on the announcement which comes less than six months after bosses at the vehicle giant pledged its commitment to the UK. "This will have a huge impact on individuals, but also the local area as a whole". Whatever the reason, the development will be highly unwelcome for those who rely on the plant for jobs and for those with high hopes for British manufacturing after the European Union departure. Read More »

Indian Oil Signs First Annual Deal for US Oil

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At 07:38 a.m. EST on Monday, WTI Crude was trading up 0.80 percent at $56.43, while Brent Crude eased off earlier gains to trade down 0.02 percent at $66.24. China's vehicle sales last month fell by 15.8 percent versus the same month in 2018, an industry association said on Monday. The broader financial markets eased a little after data showing a drop in Chinese auto sales in January raised concerns about the world's second-largest economy. Read More »

United Kingdom doesn't need to ban Huawei from its 5G

According to the BBC , the United Kingdom government is set to decide in March or April whether United Kingdom networks such as Three, Vodafone, and EE, will be permitted to use Huawei technologies in the future. In the UK, Huawei had been a key partner for numerous top operators, including EE and BT, although the latter removed all Huawei equipment from EE's 4G core network previous year. Read More »

UK Brexit secretary to meet Barnier in Brussels

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The British prime minister is planning to meet European Commission President Jean-Claude Juncker this week, and aims to speak to the leader of every EU country in the days ahead. But it comes after senior Brexiteer Steve Baker warned in WhatsApp messages leaked to the Sunday Times that anything other than removing the backstop from the withdrawal agreement would see the Tories "just grind towards a party split". Read More »

Payless ShoeSource to close all its USA stores, per report

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Payless ShoeSource is planning on closing all of its USA stores, almost 2,300 locations, in the next few weeks, Reuters reports . There is still a small chance a buyer could emerge after Payless files for bankruptcy, the sources said. For now, stores will reportedly have going-out-of-business sales starting next week, with eventual plans to completely liquidate. However, the company says it will be business as usual for its franchise operations and stores across Latin American. Read More »

Buffett's firm tweaks stock portfolio, adds Suncor, Red Hat

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Berkshire Hathaway also added new positions in another tech company, enterprise-software veteran Red Hat, as well as Suncor Energy, a Canadian company that produces synthetic crude from oil sands. By the end of 2017, Buffett's conglomerate already owned 165.3 million Apple shares, and it bought another 75 million shares in the first quarter of 2018. Read More »

Crude Oil Rates Hit 2019 Highs Amid Supply Cuts

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International Brent crude oil futures were at $64.35 per barrel at 0754 GMT, up 74 cents, or 1.1 percent, from their last close. Brent approached near three-month highs and was set for a gain of almost 5 percent on the week. Oil has resumed its rally this week - taking its advance this year to about 22 percent - after Saudi Arabia announced it would cut supply even further than agreed under a deal with fellow members of the Organization of Petroleum Exporting Countries and its allies. Read More »

Flights cancelled as Flybmi airline collapses - Flybe move to stop confusion

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The collapse of British regional airline flybmi over higher fuel prices and Brexit uncertainty has forced stranded passengers across Europe to fend for themselves, without the prospect of help from the United Kingdom government. Not a lot. The bankrupt airline is unable to buy new flights for passengers. Customers who have booked flybmi flights via a travel agent or one of flybmi's codeshare partner airlines are recommended to contact their agent or airline for details of options ... Read More »

Amazon pushed NY too far and paid the price

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Republican New York State Assembly member Nicole Malliotakis weighs in on Amazon's decision to drop plans for a New York City headquarters. "We are disappointed to have reached this conclusion". "I don't think it's worth the effort". Anti-Amazon rallies were planned for the next week. But fellow Amazon critics who attended Ocasio-Cortez's event were unabashed. Read More »

Tesla's Sentry and Dog Modes are rolling out now

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Tesla's Twitter showed the on-screen display for the new Sentry security system, and in a nod to 2001: A Space Odyssey , it features an ominous red robotic eye like the Hal 9000. Drivers will need to manually activate Sentry mode each time before leaving the auto and plug in a USB drive on to which the vehicle will upload the video. Read More »

Warren Buffett Sells Off $2.1 Billion Oracle Stake, Trims Apple Investment

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If the ratio is greater than 1, then that means there has been an increase in price over the month. (NYSE:BRK.A) is 8.193053. This ratio is found by taking the current share price and dividing by earnings per share . (NYSE:BRK.A) has a debt to equity ratio of 0.25995 and a Free Cash Flow to Debt ratio of 0.220145. It has a 8.21 P/E ratio. The 52 week high of Berkshire Hathaway Inc . Read More »

Amazon to Acquire eero Network Routers

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Y'know, as if Amazon needed to add anything else to its very big portfolio of in-house devices and gadgets. "The company's roster of smart home devices now includes multiple speakers, TV streaming boxes and sticks, connected television sets, countertop displays, a wall clock , and a DVR, not to mention oddball gadgets like a scanning wand that aids your grocery shopping and a camera that judges your outfits", observes Lauren Goode for Wired . Read More »

Bill Gates Has Some Harsh Words for Alexandria Ocasio-Cortez's Tax Plan

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Microsoft co-founder Bill Gates says he doesn't "deserve" his fortune and thinks taxes on the rich should be much "progressive" than they are in the United States. "There have been many times where you're in France where they'll say, gosh, we wish we could have a Bill Gates, we wish we could have a vibrant tech sector", said Melinda. Read More »

JPMorgan Launches JPM Coin, World’s First Bank to Launch Cryptocurrency

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However, with the incipient JPM Coin on the way, it seems as if Ripple will have to compete even harder if they're to win over any further business from major banks. The JPM Coin, representing fiat currency, is created to instantaneously transfer value", the document says. To drive home the point about limited access, it adds: "Only institutional customers passing J.P. Read More »

Who Leaked Jeff Bezos' Text Messages?

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He suggested the Enquirer coverage was politically motivated as Mr Pecker is a close friend of Donald Trump , while Mr Bezos owns The Washington Post , which the U.S. Citing unnamed sources within AMI, the tabloid's parent company, a story in The Daily Beast late Sunday said that Michael Sanchez may have given the texts to the Enquirer . Read More »

Fundstrat report: Many positive catalysts for crypto in 2019

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In a recent tweet outlining the premise of a company report, Thomas Lee, the co-founder of Fundstrat , expressed why cryptocurrencies' prospects could move from "negative" to decidedly "positive" over the course of 2019. These, the firm notes, will create a friendly environment for cryptocurrencies to recover. Tom Lee explained that $25,000 is a fair value for Bitcoin, in an appearance on an American television. Read More »

Amazon, GM in talks to invest in electric pickup truck maker Rivian

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Negotiations for the investment are reportedly ongoing, and though there's no certainty, the sources claim that a deal announcement may arrive as soon as this month. Amazon has also been making efforts to extend its Alexa technology from the home to the vehicle, through partnerships with automakers and device makers, and its own Echo Auto in-car gadget , announced past year but still available only by invitation. Read More »

Amazon cancels New York City campus plan

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A man runs along the waterfront in the Long Island City neighborhood of the Queens borough of New York City, which had been the planned location for a secondary Amazon headquarters. The company will not reopen the contest, but will proceed with the Virginia plan, where it got a much warmer welcome, officials said. But the plan has strong support from the population as a whole. Read More »