Wednesday March 20, 2019 3:10:03 AM PDT - To the intelligent man or woman, life appears infinitely mysterious. But the stupid have an answer for every question. - Edward Abbey




Wed, 20 Mar 2019 06:05:10 -0400

World shares face end to winning streak as Fed looms

World shares faced an end to their longest winning streak of the year as investors took profits on Wednesday before the U.S. Federal Reserve's policy decision, seen as offering clues to interest rate prospects over the coming year.

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Wed, 20 Mar 2019 05:58:48 -0400

BMW warns of significant profit fall in 2019, seeks 12 billion euro in cuts

BMW on Wednesday said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping 12 billion euro ($13.6 bln) cost savings and efficiency plan to help offset higher technology investment and currency costs.

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Wed, 20 Mar 2019 05:56:11 -0400

U.S. lawmaker says tech companies must quickly remove violent content after New Zealand

Following the live-streaming on social media of the mass shooting in New Zealand, the chair of the U.S. House Committee on Homeland Security wrote a letter to top executives of four major technology companies urging them to do a better job of removing violent political content.

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Wed, 20 Mar 2019 05:43:31 -0400

Counting the cost: Nissan unpicks Ghosn legacy of 'high-handedness' and 'wrongdoings'

In September 2007, despite weighty responsibilities at the helm of Nissan Motor Co and alliance partner Renault SA, Carlos Ghosn found time to get involved in a seemingly straightforward business decision.

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Wed, 20 Mar 2019 05:38:23 -0400

Trial of former Nissan boss Ghosn's expected to start in September: NHK

The trial of former Nissan Motor Co boss Carlos Ghosn on charges of under-reporting his salary is expected to start in Tokyo in September, Japan's public broadcaster NHK said on Wednesday.

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Wed, 20 Mar 2019 04:48:51 -0400

Japan government downgrades economy view as U.S.-China trade war bites

Japan's government downgraded its assessment of the economy in March for the first time in three years, blaming a bruising U.S.-China trade war for slumping exports and industrial output.

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Wed, 20 Mar 2019 04:12:17 -0400

Dongfeng-Nissan JV says mid-term China sales plan has not changed

Nissan Motor's China joint venture with Dongfeng has not made any changes to its mid-term China sales plan, a company spokeswoman told Reuters on Wednesday, responding to a report that it has cut its sales target.

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Wed, 20 Mar 2019 03:44:25 -0400

Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge

Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top U.S. securities regulator told a judge on Monday.

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Wed, 20 Mar 2019 02:49:15 -0400

Exclusive: How Iran fuel oil exports beat U.S. sanctions in tanker odyssey to Asia

At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port information, as well as interviews with brokers and traders.

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Wed, 20 Mar 2019 02:37:16 -0400

Fed's balance sheet plan, economic outlook under microscope

The U.S. Federal Reserve on Wednesday is expected to hold interest rates steady, shave the number of hikes projected for the rest of the year, and release long-awaited details of a plan to end the monthly reduction of its massive balance sheet.

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Wed, 20 Mar 2019 01:25:14 -0400

Stakes rise for Boeing as EU, Canada step up scrutiny of 737 MAX after crashes

Europe and Canada said they would seek their own guarantees over the safety of Boeing's 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people.

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Wed, 20 Mar 2019 01:24:36 -0400

Oil majors rush to dominate U.S. shale as independents scale back

In New Mexico's Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out the industry's notorious boom-and-bust cycles.

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Wed, 20 Mar 2019 00:29:43 -0400

Factbox: What we know about Boeing 737 MAX crash and what comes next

More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets have been taken out of service worldwide after two fatal crashes over the past five months in Ethiopia and Indonesia killed almost 350 people.

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Tue, 19 Mar 2019 23:55:46 -0400

Tencent Music hits low pitch after first earnings report exposes costs

Chinese streaming firm Tencent Music Entertainment Group delivered its first earnings report as a public company, meeting market expectations but exposing soaring license and content production costs which pulled its shares down 6 percent.

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Tue, 19 Mar 2019 22:34:34 -0400

Australia's AMP scraps short-term bonuses to avert possible board spill

Australia's AMP Ltd on Wednesday said it will not pay short-term bonuses to most executives, a move that could help it avoid possible board removal should investors vote against its remuneration practices for the second consecutive year.

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Tue, 19 Mar 2019 22:07:08 -0400

U.S. transportation chief seeks audit of Boeing 737 MAX certification

U.S. Transportation Secretary Elaine Chao said on Tuesday she had asked the department's inspector general to audit the Federal Aviation Administration's certification of the Boeing 737 MAX after two fatal crashes involving the jet since October.

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Tue, 19 Mar 2019 21:46:16 -0400

Boeing reshuffles top engineers amid 737 MAX crisis

Boeing Co's commercial airplane division, facing its biggest crisis in years following deadly crashes of its flagship 737 MAX aircraft, has brought in a new vice president of engineering while dedicating another top executive to the aircraft investigations, a company email showed on Tuesday.

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Tue, 19 Mar 2019 21:14:24 -0400

Lyft's IPO oversubscribed on road show's second day: sources

Lyft Inc's initial public offering (IPO) is oversubscribed based on commitments made so far by investors, making it more likely that the ride-hailing startup will fetch or even exceed the $23 billion valuation it is seeking, people familiar with the matter said on Tuesday.

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Tue, 19 Mar 2019 19:36:42 -0400

Democrats seek probe of key FAA decisions on 737 MAX approval

The chairman of the U.S. House of Representatives transportation committee and another key Democrat asked the Transportation Department's inspector general on Tuesday to examine key decisions made by the Federal Aviation Administration in certifying Boeing's 737 MAX jet for use.

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Tue, 19 Mar 2019 19:35:51 -0400

FedEx cuts profit forecast again on economy, Express woes

FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down more than 5 percent and fueling fresh worries it is losing ground to delivery rivals such as United Parcel Service Inc and Deutsche Post DHL Group.

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