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Raytheon merger won't mean big layoffs, United Technologies CEO says

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Trump told CNBC that he was a "little concerned" about the deal and that while he would like to see it go through he added: "I want to see that we don't hurt our competition". Echoing concerns that top Pentagon procurement officials have raised for years, the president said he is anxious that the deal would harm the military supply chain by giving government buyers fewer competitive options to turn to for individual weapons systems. Read More »

Mnuchin: Trump Could Ease Up on Huawei If Trade Talks Advance

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However, the G20 finance leaders agreed to compile common rules by 2020, .in order to close loopholes that are used by global tech giants to reduce their corporate taxes. "A worsening of the worldwide climate and a real trade war would lead to an even more marked slowdown in global growth, with a direct impact on our jobs, companies, factories and sectors", Le Maire told AFP in an interview on the sidelines of the meeting. Read More »

Senior Executives Leave Uber After Internal Shakeup

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Two of Uber's top executives were pushed aside last week in a management shake-up at the ride-share company following its lackluster initial public offering. Since joining Uber practically four years ago, Jill has been instrumental in addressing a few of our hardest challenges as a firm. Prior to that he also worked as an adviser to Uber. Read More »

Beyond Meat's first-quarter earnings better than expected

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It was the latest big move in a rally that has shown Wall Street's appetite for vegan burgers. Net revenue has jumped 215 percent year over year. In addition, investors may also expect updates on the company's potential partnership with McDonald's, said Jefferies analyst Kevin Grundy. Read More »

The world’s first 360-degree infinity pool is coming to London

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While majority have one edge made of transparent material (usually glass), a company called Compass Pools is planning to build one that has the said effect on all sides. " The engineering is complex but delivers the seamless look ". The pool's lack of an obvious entry or exit point led to quite a bit of ridicule on Twitter , and more than a few references to The Sims - a wildly popular simulation game where players frequently drowned their Sims by taking away the pool's ladders. Read More »

Elliott tries to rip up the retail history books

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After struggling for the past decade to keep pace with Amazon .com, Barnes & Noble, the nation's premier bookseller has decided it has fought the good fight long enough, agreeing to be bought out by private equity firm Elliott Management for $683 million . Read More »

United States economy added only 75,000 jobs in May

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Economists have warned that the trade fights could undermine the economy , which will celebrate 10 years of expansion next month, the longest on record. Earlier this week, a key metric of USA manufacturing activity showed that while manufacturing continues to expand in general, it did so last month at the slowest pace in over two years. Read More »

Facebook's GlobalCoin to go live as early as in June

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That independent group will include financial and technology companies that Facebook has recruited as financial backers for its cryptocurrency project . This could help the company diversify its revenue stream to beyond advertising, from which it generates almost all its revenue. A separate phenomenon that needs to be noted is the growing importance and the beginning of the technological leaders, most of whom have American roots - Google, Apple, Amazon and Facebook - penetrating the ... Read More »

Mexico agrees to accept more USA asylum seekers

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Trump, who ran for president pushing a tough line on immigration that included denouncing undocumented Mexicans as rapists, had vowed to raise tariffs as high as 25pc unless Mexico - which exports $350 billion in goods each year to the United States - takes further action against migrants. Read More »

Feeling lucky? Mega Millions jackpot climbs to $530 million

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It is the seventh-largest jackpot in the history of Mega Millions drawings and the largest since last October, the organization said. Of course, he won $1M. It's also the first Mega Millions jackpot of the year to jump above the half-billion dollar mark. No one hit the $475 million jackpot, though five second-prize tickets were sold across the country. Read More »

FedEx Drops Amazon from the American Skies

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FedEx Corp . said June 7 it wouldn't renew its US air-delivery contract with Amazon.com, paring a key customer relationship as the largest online retailer deepens its foray into freight transportation. "FedEx will focus on more profitable e-commerce customers which should help boost the margin profile within the Express segment over time". The announcement does not affect Amazon's relationship with FedEx Ground, FedEx's ground parcel unit. Read More »

Closing Ford's Welsh engine plant is 'industrial sabotage', unions say

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The decision puts some 1,700 United Kingdom jobs at risk, adding to the United Kingdom vehicle industry's woes at output continues to plummet on weakening domestic and overseas demand. The company would help laid-off staff find new work, it added. The Welsh government said it would set up a task force to help workers find other jobs following Ford's announcement. Read More »

Putin has Opec over a barrel when it comes to oil prices

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The U.S. West Texas Intermediate ( WTI ) crude was down by 32 cents, or 0.6 per cent, at $53.16 a barrel. Oil prices rose more than 1 per cent on Friday, climbing further away from five-month lows hit earlier in the week after a report that Washington could postpone trade tariffs on Mexico and amid signs that OPEC and other producers may extend their supply cuts. Read More »

Pentagon Eyes Rare Earth Supplies in Africa in Push Away From China

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Ironically, the US was the leading global producer of rare earths from the 1960s to the 80s, when production began shifting off shore. The focus of the trade war has shifted to technology as USA has barred companies in their country from undertaking sale of components to Chinese tech giant Huawei alongside objecting to China's intention of becoming a key high tech player. Read More »

China Grants 5G Licences for Commercial Use

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China's Minister of Industry and Information Technology Miao Wei said in a statement that "China welcomes foreign companies to actively participate in the construction of China's 5G market and share the benefits generated in the market". The battle over 5G network suppliers is part of a broader push by the Trump administration to check China's rise as a global technology powerhouse. Read More »

Treasurer Josh Frydenberg’s warning to Australian banks ahead of cash rate cut

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The RBA governor Philip Lowe says the interest rate cut is created to help get more people into work. It will help the country keep reducing unemployment and making progress towards the inflation target of two to three per cent, he said. and how the conduct had fallen below public expectations", he told The Australian on Tuesday. So far ANZ has said it wouldn't be passing the full 25 basis point reduction on to its customers, offering them just an 18 point reduction. Read More »

Saudi energy minister says OPEC close to agreement on extending oil deal

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US West Texas Intermediate crude futures were up 50 cents, or one per cent, at $53.09 per barrel, after trading as high as $53.33. The move sent WTI sharply falling 3.09 US dollars, while Brent crude dropping 2.38 dollars the following day, as Mexico is a major supplier of crude oil for the United States with lucrative cross-border energy trade. Read More »

Mexico Offers Tougher Enforcement To Avoid Trump's Tariff Threats

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Mexico's Foreign Secretary Marcelo Ebrard flew to Washington nearly immediately after the tariff announcement in preparation for talks with the Trump administration about staving off the new fees. In an interview that aired late Thursday with Fox News from France where he is attending D-Day commemorations, Trump defended his tariff plan as "a lovely thing" and complained about "this onslaught, this invasion" of undocumented migrants. Read More »

Walmart service to deliver groceries inside customers’ homes

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Lore shares Walmart's success so far on 2-day delivery, next-day delivery, same-day food delivery and their next delivery operation, in-home delivery. With devices such as smart locks and security cameras becoming more widespread, it looks as if in home deliveries are going to become a new trend. Marc Lore, eCommerce President & CEO, weighs in on e-commerce strategy and its expansion "from inside the website" at the 2019 Walmart Shareholder's Meeting. Read More »

Bernie Sanders urges Walmart board to increase worker pay

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The proposal , filed by Walmart worker Carolyn Davis, was buried at the end of the annual proxy filing. "Frankly, the American of us are sick and exhausted of subsidizing the greed of just a number of the ultimate and most profitable companies on this country", Sanders persisted. Read More »

Best National Doughnut Day deals in and around Boston

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Located in Kaysville at 612 N. Main St. #4, the shop is giving customers a free doughnut with the purchase of a dozen on Friday, June 7. The retailer expects to give away 1.2 million doughnuts . Enjoy one of their classic treats - a bare doughnut , a cinnamon sugar doughnut or a powdered sugar doughnut . Plus, LaMar's is partnering with the Salvation Army and accepting donations to end child hunger . Read More »

Private Sector Adds Fewest Jobs Since 2010

Mark Zandi, chief economist of Moody's Analytics , said in the release that labor shortages are hindering job growth at small businesses and "layoffs at brick-and-mortar retailers are hurting". Last month's jump in hiring by services sector businesses suggested that a sharp slowdown in private payrolls growth in May shown in another report on Wednesday was probably a fluke. Read More »

Fiat Chrysler slams brakes on Renault merger offer

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Hanging over the merger was the arrest of Carlos Ghosn, who served as chairman and CEO of the alliance between Renault , Nissan and Mitsubishi and was accused of using Nissan funds for personal matters. A source close to FCA said it was the "sudden and incomprehensible" objections by Le Maire's ministry that had caused the deal to collapse. Fiat Chrysler Automobiles Canada's president and U.S. Read More »

Google to buy data analytics firm Looker for $2.6 bln

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It competes with Tableau Software Inc, Domo Inc and Microsoft's Power BI. "The combination provides an end-to-end analytics platform to connect, collect, analyze and visualize data across Google Cloud, Azure, AWS, on-premises databases and ISV applications". Read More »

China blames United States for trade dispute, but doesn't escalate

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On June 4, the Chinese Ministry of Commerce replied to the USA response by saying the accusation of backpedaling "is nothing more than mudslinging and is not acceptable to China". A Singapore-based trader at an worldwide trading company who was briefed on the matter confirmed the change in strategy, which took place in May following renewed tensions between Beijing and Washington. Read More »

Putin says U.S. military intervention in Venezuela would be a disaster

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US-Russian tensions had spiked over the months-long standoff in Venezuela, where Moscow had accused the United States of fomenting a coup against Maduro. He added that Russian experts have been in Venezuela to service Russian-made weapons bought by Caracas. "But we will be keeping our obligations in the sphere of military and technical cooperation". Read More »

Explained: Why RBI has cut lending rates for the third consecutive time

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The Reserve Bank Thursday said it will rationalise existing regulations covering different money market products with a view to improve transparency and safety of money markets. It was the third reduction this year under governor Shaktikanta Das , a Modi ally who was appointed in December after his predecessor quit following a spat with the government over alleged interference. Read More »

Mexican President to visit US border

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Mexican Foreign Secretary Marcelo Ebrard spent several hours at the State Department Thursday morning, while Trump's legal counsel and other Mexican aides met at the White House Thursday afternoon. Mr Pence is looking for a comprehensive suite of proposals from the visiting officials about stopping the flow of migrants from Central America, a White House official said. Read More »

Woodford apologises for fund suspension in YouTube video

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James's Place will retain responsibility for asset custody and security". It's a dramatic turn for Mr Woodford, 59, who built his reputation into a cult following by calling major swings in technology, tobacco and other stocks over decades at Invesco Perpetual and once managed the UK's largest equity fund. Read More »