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Wednesday, September 13, 2017
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13 Sep 10:37pm Asia stocks steady, soft China data taken in stride
Reuters
TOKYO (Reuters) - Asian stocks held steady on Thursday, consolidating after touching their highest in a decade and appeared to take in stride a burst of Chinese data which undershot market expectations.
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13 Sep 10:25pm Updated Exclusive: Amazon plans mega-warehouse for Mexico growth spurt
Reuters
MEXICO CITY (Reuters) - Amazon.com Inc is preparing to open a 1 million square-foot warehouse near Mexico City, sources familiar with the project said, part of an effort to boost its presence in Mexico's nascent e-commerce industry.
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13 Sep 10:21pm Kia Motors hires ex-BMW designer as style head
Reuters
SEOUL (Reuters) - Kia Motors Corp has hired as its head of styling Pierre Leclercq, a former designer at BMW and Great Wall Motor , in a move expected to help the South Korean automaker reverse its fortunes in its top market China.
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13 Sep 9:29pm Musk now targets October to unveil Tesla semi truck
Reuters
(Reuters) - Tesla Inc Chief Executive Elon Musk said the electric carmaker is tentatively scheduled to unveil its planned semi-truck in late October, about a month later than the billionaire had earlier estimated.
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13 Sep 8:56pm Asia stocks consolidate after touching decade highs, dollar steady
Reuters
TOKYO (Reuters) - Asian stocks edged down on Thursday, consolidating after touching their highest in a decade, while the dollar held steady before the U.S. inflation report for August is published.
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13 Sep 7:16pm Barclays wins end to U.S. litigation over pre-crisis disclosures
Reuters
NEW YORK (Reuters) - Barclays Plc won the dismissal on Wednesday of U.S. class-action litigation by investors who bought its stock just months before the 2008 global financial crisis, and accused it of concealing its exposure to risky debt and an inability to manage credit risks.
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13 Sep 6:40pm U.S. wireless carriers dial back discounts on new iPhones
Reuters
(Reuters) - U.S. consumers who want Apple Inc's newest iPhones, including its most expensive model yet, the iPhone X, may find fewer deals as wireless carriers are less willing to offer subsidies on devices in a saturated market.
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13 Sep 6:21pm With or without Democratic director, U.S. consumer watchdog to be weakened
Reuters
WASHINGTON (Reuters) - Whether or not Richard Cordray stays as head of the Consumer Financial Protection Bureau (CFPB) until his term ends in July, the agency’s ability to rein in Wall Street will be severely weakened, political insiders, lawyers and consumer advocates said.
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13 Sep 6:15pm Updated Difficult to cut U.S. corporate tax rate below 26 percent: study
Reuters
WASHINGTON (Reuters) - U.S. President Donald Trump and Republicans in Congress would have a hard time slashing the corporate tax rate to below 26 percent, even if they eliminated nearly every business tax preference, according to a study released on Wednesday.
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13 Sep 5:48pm Saudis prepare for possible delay to Aramco IPO: Bloomberg
Reuters
(Reuters) - Saudi Arabia is preparing contingency plans for a possible delay to the planned initial public share offering of Saudi Aramco by a few months into 2019, Bloomberg reported on Wednesday, citing people familiar with the matter.
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13 Sep 5:04pm Updated Wall Street hits record high - without help from Apple
Reuters
NEW YORK (Reuters) - Wall Street edged up to a record high on Wednesday as gains in consumer discretionary and energy stocks offset losses in technology heavyweight Apple Inc.
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13 Sep 3:36pm Wall Street drifts as Apple slides, energy gains
Reuters
NEW YORK (Reuters) - U.S. stocks were little changed on Wednesday as Apple-led losses in tech stocks were offset by gains in consumer discretionary and energy stocks, which helped the S&P 500 inch up to a record intraday high.
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13 Sep 3:28pm Updated Target to hire 100,000 for holiday season rush
Reuters
(Reuters) - Target Corp said on Wednesday it would hire 100,000 workers for the holiday season, up 43 percent from last year, as the retailer pulls out all the stops to build on its recent uptick in sales.
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13 Sep 1:37pm Boeing to raise 787 output to 14 jets a month in 2019
Reuters
(Reuters) - Boeing will raise its production of 787 Dreamliner passenger jets to 14 a month in 2019, Chief Executive Dennis Muilenberg said on Wednesday, pressing ahead with plans that had been placed on hold as it gauged demand for wide-body jets.
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13 Sep 1:18pm Updated Trucking industry, Navistar back U.S. self-driving legislation
Reuters
WASHINGTON (Reuters) - A U.S. trucking trade group and truck maker Navistar International Corp urged a U.S. Senate panel on Wednesday to include self-driving commercial trucks in proposed legislation intended to speed autonomous vehicles to market.
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13 Sep 1:11pm Apple halts Wall St. rally, but S&P ekes out record high
Reuters
(Reuters) - U.S. stocks were little changed on Wednesday as Apple-led losses in tech stocks were offset by gains in consumer discretionary and energy stocks, which helped the S&P 500 inch up to a record intra-day high.
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13 Sep 12:09pm Updated Brazil police detain JBS CEO Batista on suspicion of insider trading
Reuters
SAO PAULO (Reuters) - Brazil's federal police on Wednesday detained the chief executive officer of JBS SA, the world's No. 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain signed earlier this year.
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13 Sep 11:52am Target to boost holiday season hiring by 43 percent
Reuters
(Reuters) - Target Corp said on Wednesday it would hire 100,000 workers for the holiday season, 43 percent more than last year, as the retailer goes all out to attract customers at a time when rivals are closing stores and cutting costs.
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13 Sep 10:55am Updated Build batteries or lose jobs, auto bosses tell Europe
Reuters
FRANKFURT (Reuters) - Europe shouldn't rush to abandon the combustion engine and must build up its own production of electric car batteries to compete with China, auto suppliers and manufacturers said at the Frankfurt motor show.
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13 Sep 10:08am Updated Wall St. opens lower as Apple weighs
Reuters
(Reuters) - The S&P and the Dow opened little changed on Wednesday, but the Nasdaq Composite was pulled lower by a 1 percent fall in Apple's shares on concerns about the new iPhone X's hefty price tag and delayed shipping.
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13 Sep 9:09am Updated Surging gasoline prices boost U.S. producer inflation
Reuters
WASHINGTON (Reuters) - U.S. producer prices rebounded in August, driven by a surge in the cost of gasoline, and there were also signs of a pickup in underlying producer inflation.
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13 Sep 9:03am Comcast to launch new platform in push for business customers
Reuters
NEW YORK (Reuters) - Comcast Corp, the largest U.S. cable provider, on Wednesday launched a new business application and platform with faster connections in its push to boost sales to commercial customers as more consumers drop traditional cable services. Comcast, like other pay-TV providers, is under pressure as viewing habits change and wants to leverage its infrastructure to grow in other ways.
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13 Sep 8:38am Target increases holiday season hiring to 100,000 workers
Reuters
(Reuters) - Target Corp said on Wednesday it would hire about 100,000 workers for the holiday season, a 43 percent increase from last year, after keeping seasonal hiring flat for the last four years.
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13 Sep 8:36am Surging gasoline prices lift U.S. producer inflation in August
Reuters
WASHINGTON (Reuters) - U.S. producer prices rebounded in August, driven by a surge in the cost of gasoline, and there were also signs of a pickup in underlying producer inflation.
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13 Sep 8:13am Europe needs to raise its game in car batteries: VW brand chief
Reuters
FRANKFURT (Reuters) - Volkswagen wants German and European industry to come together to help create a regional supplier of electric car batteries to provide competition to Asian manufacturers, the head of its core autos division told Reuters.
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13 Sep 7:42am Futures dip with Apple
Reuters
(Reuters) - U.S. stock index futures dipped on Wednesday as Apple fell on concerns about the price and shipping date of the new iPhone X and as North Korea showed a trademark defiance over new U.N. sanctions.
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13 Sep 7:32am Northern Ireland leaders appeal to VP Pence on Bombardier challenge
Reuters
BELFAST (Reuters) - A dispute between Boeing Co and Canadian rival Bombardier that risks thousands of jobs in Northern Ireland could impact peace in the region, the leaders of its two main parties warned U.S. Vice President Mike Pence.
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13 Sep 6:46am VW wants European industry to back push for EV battery cells
Reuters
FRANKFURT (Reuters) - Volkswagen wants industrial players in Germany and Europe to help shoulder the costs for battery technology needed to power carmakers' electric-vehicle offerings, the head of its core autos division said.
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13 Sep 4:52am Apple takes shine off global stocks rally
Reuters
LONDON (Reuters) - Disappointment over the timing of Apple’s iPhone X release hampered further gains for world stock markets on Wednesday after an easing of concerns about North Korea sent indices to record highs.
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13 Sep 2:44am Updated Asian shares touch 10-year peak as Wall St. hits records
Reuters
TOKYO (Reuters) - Asian stocks wobbled on Wednesday but still marked a 10-year peak, cheered by record highs on Wall Street, while shares of Apple Inc's suppliers dipped following the release of the latest iPhone.
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