Category: Business

  • Verizon’s advertising business is getting eclipsed by Amazon

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    Verizon’s media business suffered a 6.9 percent decline in revenue to $1.8 billion in the third quarter of 2018. Verizon’s effort to create an advertising business to rival Google and Facebook is struggling to keep up with another tech giant — Amazon. Verizon’s media business, which includes The Huffington Post, TechCrunch and Yahoo Sports, suffered […]

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  • New trade pact leaves most U.S. industry at mercy of Mexico’s courts

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    NEW YORK/MEXICO CITY – The new North American trade agreement ends key legal protections for many U.S. businesses operating in Mexico, leaving their operations exposed to a risk they had avoided under the old trade deal: Mexico’s court system. For thousands of U.S. firms, the change could add complications and uncertainty to doing business south […]

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  • Google to charge Android partners up to $40 per device for apps: source

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    BRUSSELS/SAN FRANCISCO – Alphabet Inc’s (GOOGL.O) Google will charge hardware firms up to $40 per device to use its apps under a new licensing system to replace one that the European Union this year deemed anti-competitive, a person familiar with the matter said on Friday. The new fee goes into effect on Oct. 29 for […]

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  • Exclusive: OPEC, allies struggle to fully deliver pledged oil output boost – internal document

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    LONDON – OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola. The Organization of the Petroleum Exporting Countries and allies agreed in June to boost supply […]

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  • Hacked, scammed and on your own: navigating cryptocurrency ‘wild west’

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    NEW YORK – When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA. They bought more coins. The Cyprus-based German couple, who describe themselves as financial educators, figured […]

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  • Exclusive: Don’t mention the oil price – U.S. legal threat prompts change at OPEC

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    LONDON/DUBAI – OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of U.S. legal action for manipulating the market, sources close to OPEC said. Proposed U.S. legislation known as “NOPEC”, which could open the group […]

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  • Feeling lucky? Mega Millions jackpot could make you richer than Taylor Swift

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    Between the Powerball and the Mega Millions lottery, there’s $1 billion up for grabs this week. There’s some seriously life-changing cash up for grabs on Tuesday when the winning numbers are drawn for the $654 million Mega Millions jackpot — the fourth-largest grand prize in U.S. history. If someone matches all six winning numbers and […]

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  • Tesla Is Doing Much Better Than Headlines Suggest

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    Three dark-arts PR issues intersect for Tesla and Mus esla and Elon Musk are having a terrible time getting basic, neutral, balanced press coverage. Tesla has achieved enormous results in ramping up its Model 3 production faster than almost any new model car in history. The company is massively outselling its competitors in North America and Europe. It still […]

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  • Mexico says new U.S. trade deal won’t block other economic relations

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    MEXICO CITY/SHANGHAI – Mexico’s Foreign Minister Luis Videgaray told his Chinese counterpart in a phone call on Saturday that Mexico’s new trade deal with the United States and Canada will not impede economic relations with other countries, according to a foreign ministry statement. The pact set to replace the North American Free Trade Agreement outlines […]

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  • US bank gains help lift share markets

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    Three of the biggest US banks reported strong profits on Friday, helping to lift US share markets after several days of steep declines. The Dow Jones Industrial Average and S&P 500 closed up more than 1%, while the Nasdaq leapt nearly 2.3%. The increases followed a rise on global markets. The gains at JP Morgan […]

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