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Amazon to get billions in breaks for HQ2 development

November 15, 2018 by  
Filed under News

Amazon.com Inc said on Tuesday it had split its $5 billion second headquarters into two projects that would be located in the Long Island City neighborhood of New York City’s Queens borough and a Northern Virginia suburb of Washington, DC.


Source: Reuters Business News

Amazon picks New York City, Washington D.C. area for new offices

November 15, 2018 by  
Filed under News

Amazon.com Inc picked America’s financial and political capitals for massive new offices on Tuesday, branching out from its home base in Seattle with plans to create more than 25,000 jobs in both New York City and an area just outside Washington, D.C.


Source: Reuters Business News

Tesla to deliver new Model 3 orders by year end

November 15, 2018 by  
Filed under News

Tesla Inc Chief Executive Officer Elon Musk said on Thursday that Model 3s ordered in the United States by the end of this month will be delivered by Dec. 31, as the electric carmaker tries to take advantage of tax breaks.


Source: Reuters Business News

Retail gloom, Brexit worries keep Wall Street in check

November 15, 2018 by  
Filed under News

U.S. stocks struggled on Thursday as an attempt by technology companies to rebound from this week’s sharp losses was outweighed by a batch of weak results and Brexit-related concerns.


Source: Reuters Business News

Facebook identifies 2.1 million posts as bullying

November 15, 2018 by  
Filed under News

Facebook Inc said https://newsroom.fb.com/news/2018/11/enforcing-our-community-standards-2 on Thursday it had identified about 2.1 million posts as being bullying or harassment in nature on the social network between April and September.


Source: Reuters Business News

CEO of Walmart's India venture resigns after sexual assault accusation: source

November 14, 2018 by  
Filed under News

The chief executive of Flipkart Group, Walmart Inc’s Indian e-commerce business, resigned following an internal probe into accusations of “serious personal misconduct,” Walmart said Tuesday.


Source: Reuters Business News

Levi Strauss is planning to go public: CNBC

November 14, 2018 by  
Filed under News

Apparel maker Levi Strauss & Co is planning an initial public offering, CNBC reported https://cnb.cx/2zSjbDL on Wednesday, citing sources familiar with the matter.


Source: Reuters Business News

S&P 500 down for fifth day as Apple, bank stocks fall

November 14, 2018 by  
Filed under News

U.S. stocks fell on Wednesday, with the S&P 500 dropping for the fifth session in a row, as Apple Inc continued to lead a retreat in technology stocks and financials were hit by fears that sector-wide regulations would no longer be eased.


Source: Reuters Business News

Euro, pound rise as trader eye Brexit, Italy

November 14, 2018 by  
Filed under News

The euro and sterling rose on Wednesday as traders monitor the latest developments between the European Union and Britain on the latter’s departure from the economic bloc, and the EU and Italy on the resubmission of the latter’s 2019 budget.


Source: Reuters Business News

Exclusive: Saudi Arabia's PIF eyes stake in U.S. movie studio Legendary – sources

November 14, 2018 by  
Filed under News

Saudi Arabia’s sovereign wealth fund PIF is exploring the acquisition of up to a $700 million stake in Legendary Entertainment, the U.S. movie studio behind films such as “Jurassic World” and “Interstellar”, according to people familiar with the matter.


Source: Reuters Business News

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