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Volvo reveals in-car cameras and teen driver safety tech to cut crashes

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Samuelsson said Volvo was talking to insurers to offer favorable terms to what it termed as the "Club 180", referring to customers who agreed to the limitation of top speed and the use the more restrictive safety features . Instead, Volvo plans a series of escalating alerts and interventions. Next, someone from Volvo On Call might get in contact, checking in on the driver. Read More »

Powerball jackpot climbs to $414 million Saturday night

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The drawings are held at 10:59 p.m. Each match five victor automatically wins $2 million. Tickets can be purchased until Saturday evening and cost $2 each. The winning ticket matching all five numbers plus the Powerball will walk away with cash out prize of $247.9 million. They have chosen to remain anonymous. Read More »

Markets Right Now: Stocks extend their gains on Wall Street

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The meeting concludes its deliberations with a news conference on Wednesday. Also expected are more details on a plan to stop cutting the Fed's holdings of almost $3.8 trillion in bonds. Nvidia Corp rose 3.7 percent and boosted the Philadelphia SE chipmakers index by 1.19 percent after the chip designer partnered with Softbank Group Corp and LG Uplus Corp to deploy cloud gaming servers in Japan and Korea. Read More »

New Poll: Alexandria Ocasio-Cortez unpopular among New Yorkers

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A new poll says yes, at least when it comes to Amazon's decision to not open a new headquarters in NY. Well, there's certainly blame enough to go around ... Ocasio-Cortez, who represents parts of the Bronx and Queens neighboring Long Island City, was critical of the HQ2 deal - citing the billions in dollars in tax breaks offered to the retail giant from the city and the state - and celebrated when Amazon announced it was pulling out of NY. Read More »

Britain's employment rate hits record high since 1971

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The figure now stands at 1.34 million, which is 112,000 less than at the same time past year. Unemployment fell by 35,000 to 1.34 million, 112,000 lower than a year ago, giving a jobless rate of 3.9 per cent - far below the European Union average of 6.5 per cent. Read More »

Government teases national blockchain strategy

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The mission is to work with industry experts to figure out the various ways of utilizing blockchain in all possible fields of business that will not only boost Australia's strength in the development of blockchain technology but will also give it the competitive edge in the global economy. Read More »

Deutsche Bank Loaned Donald Trump Billions

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Trump began his relationship with Deutsche Bank at a precarious time in his business career, when multiple defaults and high-profile failures had made him toxic to most of the world's premier financial lending institutions. According to the Times , Trump also tried to woo Deutsche bankers with private helicopter rides and promises of free weekend trips to play golf at his Florida resort Mar-a-Lago-which many now refer to as the "winter White House" due to the president's high-frequency , ... Read More »

Trump Urges General Motors To Reopen Ohio Plant In Tweet

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The president said on Twitter that he had spoken to GM Chief Executive Mary Barra about the planned closure of the OH site, even though the economy is "booming". He maintained, as he has in the past, "Car companies are all coming back to the U.S. So is everyone else". "We remain open to talking with all affected stakeholders, but our main focus remains on our employees and offering them jobs in our plants where we have growth opportunities", GM said. Read More »

Slower US growth means no rate rise for 2019, says Fed

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In recent months, Powell and the Fed have appeared to take a more dovish approach to interest rates amid concerns about slowing global growth - a result of a more than year-long trade war between the US and China and uncertainties about Brexit. Read More »

European Union fines Google $1.7B for monopolizing online ads

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Adsense for Search does not refer to the famous ads above Google.com search results but, instead, are ads displayed in "Custom Search" results that can be embedded inside their websites. She added that the "misconduct lasted over 10 years and denied other companies the possibility to compete on the merits and to innovate - and consumers the benefits of competition". Read More »

Lyft to offer more than 30M shares

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The San Francisco-based company is planning to price its shares on March 28 and start trading the following day. Uber archrival Lyft hopes to raise as much as $2.1 billion in its IPO later this year. The shares sold in that private range would value the ride sharer at $18.5 billion. Lyft will pitch investors on the simplicity of its business, while Uber is expected to play up its more diversified strategy, according to people familiar with the matter. Read More »

FIS to Buy WorldPay for $35 Billion

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It's the biggest acquisition for FIS since it spent more than $5 billion for SunGard in 2015. In January a year ago, US-based Fiserv Inc bought payment processor First Data Corp for $22 billion. FIS was ranked the #1 Financial Technology company on the FinTech100 in 2013 and 2014. Shares of Worldpay were trading higher by more than 10 percent Monday morning, while FIS was up by almost 2 percent. Read More »

Instagram adds shopping button, launching big push into e-commerce

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In a blog post , the Instagram Business team revealed that Checkout is only the start of a “long-term investment in shopping” and that more shopping features will be introduced this year. Instagram is charging businesses an undisclosed "selling fee," according to TechCrunch . BigCommerce Chief Product Officer Jimmy Duvall said today that BigCommerce merchants have seen incredible success using integrations with Shopping on Instagram to convert fans and followers into loyal customers. Read More »

Jury: Roundup weed killer major factor in man’s cancer

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A federal court has ruled against agribiz giant Monsanto in a second case, finding the company's popular weed killer, Roundup, was responsible for a California farmer's cancer. The jury found that it was on Tuesday. One of the experts called by Hardeman's team suggested that Roundup is even more risky than glyphosate on its own, because of additives in the weed killer. Read More »

Paris tops list of world’s most expensive cities

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Three cities have tied as the world's most expensive in a global cost of living survey . Zurich, Geneva, Osaka, Seoul, Copenhagen, New York , Tel Aviv and Los Angeles make up the top ten. The cost of living in the United Kingdom has also increased. San Francisco, California also rose on the list this year, moving up 12 spots to the 25th spot. Read More »

SEC Urges Court To Hold Elon Musk In Contempt Over Tweets

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The agency said Musk's argument that tweeting about auto production forecasts wasn't material information "borders on the ridiculous". Now, the SEC has hit back, revealing that Musk wasn't having any of his tweets pre-approved by Tesla, despite a court-ordered pre-approval policy being implemented as part of Musk's settlement with the SEC, The Verge reports . Read More »

Oil slips on economic slowdown

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Russian Federation and Iraq, the pact's two other major producers, have pushed back on committing to rolling over the OPEC+ cuts agreement. Brent crude oil futures were up 2 cents at $67.56 per barrel, within a dollar of this year's high of $68.14 reached late last week. Read More »

Paris, Hong Kong and Singapore ranked most expensive cities in the world

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NY and Los Angeles are the only North American cities in the top 10, with the Big Apple rising six spots to joint seventh place, a position it shares with Denmark's Copenhagen. The Japanese port city of Osaka was another re-entry, moving up six spots to number five. "The slight appreciation in the pound sterling has been enough to cause increases in domestic prices and push London (joint 22nd) and Manchester (joint 51st) up the ranking by eight and five spots respectively. Read More »

Apple wins one against Qualcomm

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Patent No. 8,838,949, which enables "flashless booting" and eliminates the need for separate flash memory, and U.S. Patent No. 9,535,490, which deals with data management between the applications processor and the modem. The payments were part of a business cooperation agreement between the two companies amid the peculiar patent licensing practices of the consumer electronics industry. Read More »

Fisker Inc.'s Sub-$40K All-Electric SUV for 2021

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The sculpted SUV will be offered with all-wheel drive with two electric motors, one in the front and one at the rear. The company said it is "currently finalizing the selection of a facility, located in the United States, to produce the all-electric SUV". Read More »

Merger of Deutsche Bank, Commerzbank could cost 20,000 jobs, says union chief

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A top investor in Deutsche Bank also expressed doubts about a potential merger, according to a person close to the investor. However, according to reports, the German government seems to favour a deal as it owns a 15.5% stake in Commerzbank and wants a national banking champion to support its sluggish economy, which escaped recession a year ago by a hair's breadth. Read More »

RCom boss opts to pay Ericsson bill rather than go to prison

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Anil Ambani had given a personal guarantee to the Supreme Court past year, promising that Ericsson's dues would be cleared. The battle between Ericsson and RCom started when the Swedish company moved a bankruptcy court in 2017 alleging that it had not been paid dues of around Rs 1,500 crore after signing a seven-year deal in 2013 to operate and manage the telco's nationwide network. Read More »

Trump wants GM CEO 'to do something quickly' to reopen Ohio plant

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President Trump (left) slammed General Motors and its union leader on Sunday over the closure of a manufacturing plant in Lordstown, Ohio. "I want jobs to stay in the United States of America and want Lordstown (Ohio), in one of the best economies in our history, opened or sold to a company who will open it up fast!" he writes. Read More »

One year on from Carillion collapse, Interserve administration like "history repeating"

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Barker had warned against rejecting the rescue plan and forcing the firm into administration, arguing it would be "more disruptive to the company, significantly more costly and would deprive shareholders of any value whatsoever". Administrators are set to be appointed to Interserve plc later today (15 March 2019) after the outsourcing contractor's proposed deleveraging plan was not approved by shareholders. Read More »

Powerball goes winless again, jackpot tops $500 million

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The cash value is $300.2 million. SILive.com will also post the winning numbers. · In Michigan, one ticket sold won $50,000. We reported earlier how a New Hampshire woman, who a judge ruled could remain anonymous, won the Powerball after matching with the combination 12, 29, 30, 44, 61, and a Powerball 26 on January 6, 2018. Read More »

Oil prices rise to multi-month highs

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Crude oil prices rose 0.3 per cent to Rs 4,073 per barrel on March 15 as speculators created fresh positions amid positive cues from global markets. Meanwhile, a weekly report by the US Energy Information Administration (EIA) said US commercial crude oil inventories fell last week as refineries hiked output. Read More »

Volkswagen CEO apologises for alluding to Nazi slogan

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Herbert Diess this week said " EBIT macht Frei " before apologizing for the comments and explaining he in no way wanted to draw a comparison to the Nazi-era slogan "Arbeit Macht Frei ", which appeared on the gates of Auschwitz during the Holocaust. Read More »

China's property investment rises 11.6% y-o-y in Jan-Feb

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In December it was 5.7%. However, retail sales remain near a 15-year low, said Julian Evans-Pritchard of Capital Economics in a note, adding that "the near-term outlook still looks downbeat". That processing rate works out at about 12.68 million barrels per day (bpd), according to Reuters calculations based on the NBS data, exceeding the previous daily high hit in September at 12.49 million bpd. Read More »

HEXO Pays about $260 Million to Acquire Newstrike Brands

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Newstrike shareholders will receive 0.06332 Hexo shares for each Newstrike share owned. The Hexo-Newstrike deal is the latest sign of consolidation in Canada's cannabis sector, and not the only time firms have signaled an interest in the Ontario-based grower. Read More »

Hammond talks up United Kingdom economy despite Brexit 'cloud'

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DESPITE THE current constraints, Chancellor Philip Hammond's low-key Spring Statement did try to dispel the view that the business of government has completely ground to a halt because of Brexit . Lawmakers were expected to vote later on Wednesday against a leaving the European Union without a transition deal, then vote on Thursday on seeking a delay to Britain's departure, now scheduled for March 29. Read More »

Where to find Pi Day deals around San Diego

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The deal will only be available from 11 AM until 3:14 PM, so make sure you head to your local Pizza Pizza location before it's over! To celebrate the number, and pie, restaurants and chains across the country offer deals for pie. House of Pies - House of Pies is having a giveaway for free pie for a year. The new flavor has a chocolate crust, smooth peanut butter filling and swirls of chocolate ganache. Read More »