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US Supreme Court rules against Apple, allows App Store-related antitrust lawsuits

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Apple's App Store rules are about to come under a lot more scrutiny and that could be bad news for the company. FILE- In this May 31, 2018, file photo customers enter the Apple store in NY. The dispute hinged in part on how the justices would apply a decision the court made in 1977 to the claims against Apple. The ruling threatens to throw another monkey wrench in Apple's efforts to increase the revenue generated from its app store at a time that its iPhone sales have plunged into ... Read More »

Couple awarded more than $2 billion in Monsanto cancer judgement

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Alva and Alberta Pilliod, of Livermore, were both diagnosed with non-Hodgkin's lymphoma following years of weed killer use, their lawyers say. In 2011, Alva was diagnosed with systemic National Hockey League in his bones, which spread to his pelvis and spine, and Alberta was diagnosed with National Hockey League brain cancer in 2015. Read More »

Hackers steal $40 million worth of bitcoin in security breach

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It impacted our BTC hot wallet only (which contained about 2% of our total BTC holdings). Once the transaction was executed, alarms were triggered and all other withdrawals were subsequently stopped. Coinfirm has 130 clients across the world in the cryptocurrency sector and traditional finance, from wallet providers to exchanges, as well as one of Japan's three megabanks. Read More »

Stock market dips again as United States and Chinese trade negotiators meet

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Asian stocks were down overnight, with Japan's Nikkei 225 retreating almost 1 percent and Hong Kong's Hang Seng down 2.4 percent. Trade with China supports seven million jobs in the United States, out of 39 million U.S. "We've taken well over $100 billion from China in a year". "When they look at the import-export numbers they were shocked", Trump said on Thursday. Perhaps alluding to the United States' criticisms of China's intellectual property theft and ongoing negotiations that have ... Read More »

Donald Trump vows to raise China tariffs, sending markets tumbling

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Global financial markets have been sent into a tailspin after Donald Trump risked jeopardising delicate trade talks with China by unexpectedly saying he would raise tariffs further on Chinese goods this week. With China, we lose 500 Billion Dollars. Last week, the mood among gold investors turned gloomy, pushing the metal to a four-month low after the U.S. Read More »

US joblessness at 3.6%, lowest since 1969

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At the same time, the strength endorses Fed Chairman Jerome Powell's resistance to White House and Wall Street calls for interest-rate reductions. Retailers, however, continued to cut jobs, shedding 12,000 in April, the third straight months of cuts. Read More »

Amazon Got a Place in Berkshire Hathaway's Portfolio

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Knowing this, a headline that Berkshire Hathaway was buying shares in Amazon would understandably generate interest in the markets. For what it's worth, few expect any major changes at Berkshire after Buffett retires or passes away. That was more than the $1.3 billion that Berkshire, which historically has preferred using its cash on equities or acquisitions, spent all of past year after relaxing its policy on buybacks. Read More »

Fed sees no reason to alter rates

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Investors had been betting on the Fed to signal an interest rate cut due to the recent bout of weak inflation in the US- but their hopes were dashed by Mr Powell's comments. Trump repeatedly has criticized the central bank for keeping the rates high. "We have the potential to go up like a rocket if we did some lowering of rates, like one point, and some quantitative easing ", he continued. Read More »

Thousands affected as Scandinavian Airlines strike continues

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It cancelled another 1,213 flights today and tomorrow, hitting some 110,000 passengers. The strike at SAS does not affect flights operated by its partners, which make up roughly 30 percent of all departures. Flight cancellations were declared by the flag provider of Sweden, Norway and Denmark on Sunday as the parties neglected to resume discussions. SAS CEO Rickard Gustafson recorded a statement when the strike commenced on Friday offering regret at the situation which is affecting ... Read More »

DoJ opens probe into Ford's emissions certification process

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Securities and Exchange Commission. Ford said on Friday it was fully cooperating with government agencies, as it became the latest vehicle manufacturer to be investigated over emissions . Ford characterized the Department of Justice investigation as "still in the preliminary stages" but said "we can not predict the outcome, and we can not provide assurance that it will not have a material adverse effect on us". Read More »

Air India flights affected after server shutdown, passengers stranded at airports

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My Air India flight to Bangalore was at 610 AM. "SITA experienced a complex system issue during server maintenance early this morning, which resulted in operational disruption to Air India flights". "We are undertaking a full investigation to understand the root cause and prevent a recurrence". Air India said that the "temporary glitch" was restored at 8:45 am. Read More »

Amazon Shakes Up Fulfillment Centers to Prep for 1-Day Prime

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The company's stock is up nearly 30 per cent this year. While the company already offers free one-day shipping to many Prime members in countries in the European Union, Buzzfeed News reports that the internet retailer aims to speed up deliveries in every country it operates. Read More »

Apple is spending millions each month on AWS

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As the report notes, Apple has said in the past that it uses Amazon Web Services for iCloud storage, though it hasn't given more specifics or said if it uses the platform for any other objective. So the firm is capitalizing severely to build out its particular set-up, and to so in January of 2018, Apple stated strategies to use $10 billion on data centers in five years in the US. Read More »

Ford Is Getting a New Electric Vehicle from Michigan Startup Rivian

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In a press release , RJ Scaringe, Rivian founder and CEO, noted that the equity investment is a key milestone for the electric truck maker. As part of the deal, Ford's Joe Hinrichs will join the Rivian's seven-person board. The company is planning to launch its R1T pickup truck and R1S SUV in 2020, manufacturing the vehicles in its plant in Normal, Illinoist. A basic truck with smaller 230-mile (370 kilometres) battery pack will start under US$70,000. Read More »

Huawei posts 39pc revenue growth in Q1 2019

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A source with the Central Intelligence Agency (CIA) of the US declares that the Chinese telecom Huawei is funded by the Chinese communist government and has been tasked with directives to serve state interests. Chief Ciaran Martin of the National Cyber Security Centre, which is part of the UK's GCHQ intelligence agency, said earlier this year that he has not seen any evidence of spying. Read More »

Easter Event Round-up: Use our guide to plan your weekend's activities

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EDT on Saturday, April 20 . Following the race for Easter eggs, families were invited to take part in a lunch provided by Love Atwater and a coloring contest as they waited for the winning raffle ticket to be pulled. Keep an eye out for one of the Special Golden Eggs hidden in different locations throughout the town to win your share of £100 shopping vouchers. "It does bring people together also our neighborhood doesn't have a lot of kids so it's nice for our children to get to meet other ... Read More »

First Aid Squad hosts Easter Egg hunt

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There will be stations with snacks, crafts and games the families can enjoy before going home. This year the organization dedicated their Easter egg hunt in honor of Harper Stanz who was struck and killed by a vehicle at Recreation Park, the same place the hunt will happening. Read More »

Netflix surges ahead of quarterly results report; Disney in focus

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They hadn't made any comment until after the Disney + and Apple TV + announcements. Disney's service, Disney+, which will launch on November 12, 2019 in North America, comes loaded new and existing content from the company's most popular brands, including multiple shows coming from Marvel Studios , an original " Star Wars " series called " The Mandalorian ", Pixar films and shorts, documentaries from National Geographic , and Disney animated classics like "Aladdin" and "Bambi". Read More »

McConnell won't say if Senate would back Herman Cain for Fed

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U.S. Senate Majority Leader Mitch McConnell on Thursday withheld comment on whether he would support Herman Cain to serve on the Federal Reserve Board, saying that he would wait to see "who is actually nominated". Cain, 73, has called the allegations unfounded. PHOTO: President Donald Trump listens to South Korean President Moon Jae-in speak during a meeting in the Oval Office of the White House , Thursday, April 11, 2019 , in Washington. Read More »

Uber IPO Filing Shows $10 Billion in Operating Losses Since 2016

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The ride-sharing company changed the US transportation landscape after it was founded in 2009 but has faced many controversies, including a lawsuit related to alleged sexual assaults committed by fake Uber drivers and a late March strike by Los Angeles drivers angered by low pay. Read More »

Alphabet-owned Wing launches commercial drone delivery service in Australia

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According to Wing's website , the company's Australian drone facility is in the suburb of Mitchell, and service will begin in the suburbs of Crace, Palmerston, and Franklin "in the coming weeks". That selection of companies will expand in the future. Some Canberra residents complained about the noise the drones produced, something Gibson said Casa did consider when approving Project Wing's operation. Read More »

British PM's early arrival in Berlin sees her walk the carpet alone

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Several days of talks between May's Conservative government and the main opposition Labour Party tried to find a compromise Brexit deal have failed to produce a breakthrough. Prime Minister Theresa May visited Chancellor Angela Merkel Tuesday and made an evening call on French President Emmanuel Macron in Paris as she sought a further extension for Brexit beyond this Friday, April 12. Read More »

US House to sue to block Trump border wall funding action

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President Donald Trump backed away from his threat to close off the United States-Mexico border after prominent Republicans - including Texas Senator Ted Cruz - warned that a sealed border could have long-term economic consequences for residents of border states, many of whom voted for Donald Trump. Read More »

Southwest, Delta reporting system-wide computer outages

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They tweeted "Apologies for the inconvenience this morning as we fought through some technology issues". The three airlines have confirmed that they are experiencing systemwide outages that are disrupting flights, reports CNBC . "No cancellations are expected due to the issue and our teams are working to resolve some resulting delays". American Airlines also issued an update claiming that the problems had been "resolved". Read More »

Investors hitch a ride on Lyft's IPO at $72 a share

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That's significantly higher than its $15 billion estimated valuation as a private company. Uber is expected to make an even bigger splash when it completes its IPO later this year. If you've already invested in Lyft's IPO and you're a Buffett follower, it's likely you won't want to hear what he said recently. The underwriters for the offering are JPMorgan, Credit Suisse, Jefferies, UBS Investment Bank, Stifel, RBC Capital Markets, KeyBanc Capital Markets, Cowen, Raymond James, Canaccord ... Read More »

Tesla promises to halve charging time with V3 Supercharging

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If that doesn't sound like the realization of a long-term plan to convince the world of the supremacy of electric vehicles , I don't know what would be. Tesla says that, on average, V3 Supercharging will halve the amount of time its customers spend charging to about 15 minutes. Tesla will roll out the first of these updated Superchargers in Fremont, California, but it'll only be available to those in its early access program. Read More »

Trump adviser says no deal doesn't mean summit was a failure

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The canceled drills are triggering debate in Seoul as Kim Jong Un returns to Pyongyang. "He went from that isolation -saw no light of day outside of the borders of North Korea- to now this global player, certainly in the region and that gave him stature for him to walk in and do what he did in those hearings", Rogers said. Read More »