Wednesday January 23, 2019 7:29:16 PM PST - The less things change, the more they remain the same. - Sicilian proverb




Wed, 23 Jan 2019 22:07:15 -0500

Microsoft says Bing search engine blocked in China

Microsoft Corp's Bing search engine has been blocked in China, the company said on Wednesday, making it the latest foreign technology service to be shut down behind the country's Great Firewall.

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Wed, 23 Jan 2019 22:04:50 -0500

Microsoft says Bing inaccessible in China

Microsoft Corp's Bing search engine is currently inaccessible in China and the company is exploring its next steps, a company spokesperson said in a statement.

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Wed, 23 Jan 2019 21:46:47 -0500

Asian shares subdued as U.S. political standoff, ECB decision eyed

Asian shares were subdued on Thursday as political uncertainty in the United States and worries about weakening global economic growth left investors wary of riskier assets.

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Wed, 23 Jan 2019 21:37:55 -0500

CEOs sour on Trump policies, warn they hurt business, investment

From centre-stage in Davos last year, President Donald Trump told the world's corporate bosses that America is a great place to invest. It hasn't quite turned out that way.

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Wed, 23 Jan 2019 21:22:04 -0500

PG&E sees cost of complying with judge's wildfire plan at $75 billion-$150 billion

California power company PG&E Corp, which expects to soon file for bankruptcy, said on Wednesday it would cost between $75 billion and $150 billion to fully comply with a judge's order to inspect its power grid and remove or trim trees that could fall into power lines and trigger wildfires.

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Wed, 23 Jan 2019 21:12:34 -0500

Oil prices steady, but global growth worries hold sway

Oil prices steadied on Thursday, but concerns over global growth and a sharp rise in U.S. stocks kept the market under pressure.

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Wed, 23 Jan 2019 19:42:00 -0500

Huawei executive has strong case to fight extradition: Canadian envoy

A top executive from Huawei Technologies Co Ltd [HWT.UL] being held in Canada can make "strong arguments" against extradition to the United States, in part due to President Donald Trump's politicization of the case, Canada's ambassador to China said.

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Wed, 23 Jan 2019 19:10:23 -0500

Renault board meets to choose successor to Ghosn

Renault's board will meet on Thursday to replace Chairman and Chief Executive Carlos Ghosn, in a move that could help ease tensions with alliance partner Nissan following Ghosn's arrest in Japan for alleged financial misconduct.

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Wed, 23 Jan 2019 19:01:33 -0500

Boeing's flying car lifts off in race to revolutionize urban travel

Boeing Co said on Wednesday its flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world's largest planemaker bids to revolutionize urban transportation and parcel delivery services.

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Wed, 23 Jan 2019 18:54:04 -0500

Ford fourth-quarter results weighed down by losses overseas

Ford Motor Co on Wednesday posted a lower operating fourth-quarter profit as losses in every global region except North America weighed on results.

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Wed, 23 Jan 2019 18:31:00 -0500

JPMorgan's private bank expands business in Mexico: regional CEO

JPMorgan Chase & Co's private bank is expanding in Mexico and elsewhere in Latin America, the unit's regional CEO said on Wednesday, as wealth creation and political changes bolster the sector's prospects.

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Wed, 23 Jan 2019 18:16:32 -0500

Citadel's Griffin buys New York condo for record $238 million

Ken Griffin, the billionaire founder of hedge fund Citadel, has paid $238 million for a penthouse condominium overlooking Manhattan's Central Park, a spokesman for Griffin said on Wednesday, in a deal that sets a record for a U.S. home sale.

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Wed, 23 Jan 2019 17:45:16 -0500

Wall Street edges higher as upbeat earnings dampened by trade, shutdown woes

Wall Street ended slightly higher on Wednesday after a spate of upbeat earnings reports, but lingering concerns about trade tensions and the longest U.S. government shutdown ever limited the advance.

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Wed, 23 Jan 2019 17:29:42 -0500

Boeing says prolonged government shutdown could hurt business: CNBC

Boeing Co has warned that a prolonged U.S. government shutdown could hurt its business as well as the broader aviation industry, CNBC reported on Wednesday, citing an emailed statement from the plane-maker.

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Wed, 23 Jan 2019 17:21:32 -0500

New Zealand PM says country is not discriminating against Huawei

New Zealand's prime minister has assured Chinese telecoms equipment group Huawei Technologies Co Ltd of even-handed treatment after the small U.S. ally blocked the sale of some Huawei equipment citing national security concerns.

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Wed, 23 Jan 2019 16:42:08 -0500

Procter & Gamble bets on demand for high-end fabric, skin-care products

Procter & Gamble Co raised its sales forecast for the year on Wednesday after quarterly results topped Wall Street expectations, boosted by price hikes and strong demand for premium fabric and skin care products.

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Wed, 23 Jan 2019 16:27:30 -0500

Stocks seesaw, dollar off; global, U.S. worries weigh

The MSCI global stock index ended Wednesday's choppy trading session with a small gain as worries over U.S. politics, global economic growth and trade tensions were countered by a boost from quarterly earnings reports.

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Wed, 23 Jan 2019 16:06:13 -0500

Tesla to cut production hours for Model S and X

Tesla Inc said on Wednesday it is reducing production hours for higher-priced Model S and Model X cars, just days after saying it would cut jobs as the electric carmaker looks to make more affordable versions of the Model 3 sedan.

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Wed, 23 Jan 2019 16:05:30 -0500

Verizon cuts 7 percent of jobs in media unit

Verizon Communications Inc is cutting about 7 percent, or about 800 jobs, at its media unit, it said on Wednesday.

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Wed, 23 Jan 2019 15:58:00 -0500

Lawyers suing Fiat Chrysler in U.S. diesel case seek over $100 million

Lawyers representing owners of Fiat Chrysler diesel vehicles told a U.S. judge they are seeking up to $106.5 million in legal fees and out-of-pocket costs in connection with a settlement over excess vehicle emissions, but they are in talks to finalize the amount, officials said Wednesday.

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