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| Layoff comes to the energy sector |
10/1/2020 |
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Dutch Shell said around 1,500 employees have already agreed to take voluntary redundancy this year and that it's looking at a raft of other areas where it can cut costs, such as travel, its use of contractors and virtual working. Overall, it said it expects the cost-cutting measures to secure annual cost savings of between $2 billion and $2.5 billion by 2022.
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| NTT DoCoMo announced $38 billion deal to go private |
9/30/2020 |
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The restructuring dovetails with newly installed Prime Minister Yoshihide Suga's push for lower telecoms rates and more consumer and business-friendly services. It is expected to enable DoCoMo to offer cheaper rates in competition with rivals such as SoftBank and KDDI.
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| U.S. consumer confidence index rose sharply |
9/30/2020 |
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The Conference Board reported Tuesday that its consumer confidence index rose sharply to a reading of 101.8, up from 86.3 in August, largely due to a more favorable view on current business and labor market conditions.
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| Amazon finance manager accused of insider trading |
9/30/2020 |
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Laksha Bohra, a former manager in Amazon’s tax division who lives in Bothell, Washington; her husband, Viky Bohra; and father-in-law Gotham Bohra have agreed to pay back the stock gains, as well as another $1.2 million in penalties and interest.
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| Napa Valley wine country on fire |
9/29/2020 |
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The latest inferno began with the Glass Fire at 3:50 a.m. Sunday and two subsequent fires merged with it, burning 17 square miles (44 square kilometers) as of early Monday, according to the California Department of Forestry and Fire Protection, or Cal Fire.
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| Huawei CFO extradition case back in Canadian court |
9/29/2020 |
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Canada arrested Meng Wanzhou, the daughter of Huawei’s founder and the company’s chief financial officer, at Vancouver’s airport in late 2018. The U.S. wants her extradited to face fraud charges. Her arrest infuriated Beijing, which sees her case as a political move designed to prevent China’s rise.
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| Amazon Prime Day this year will be Oct. 13 to Oct. 14 |
9/29/2020 |
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The company is holding its annual Prime Day over two days in October this year, after the pandemic forced it to postpone the sales event from July. It's the first time Prime Day is being held in the fall, and Amazon is positioning it as a way to get people to start their holiday shopping.
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| Walmart to deliver virus test kits by flying drones |
9/29/2020 |
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On Sept. 22, the company further expanded its experimental drone fleet to deliver at-home COVID-19 test kits. Walmart partnered with DroneUp and Quest Diagnostics to launch trials in North Las Vegas and Cheektowaga, N.Y.
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| Big ticket items order up only 0.4% |
9/28/2020 |
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It was the fourth consecutive monthly increase, but the most recent uptick was far weaker than the 11.7% surge in July, the Commerce Department reported Friday.
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| Amazon flying home camera disclosed |
9/28/2020 |
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The company unveiled a flying home camera that you can ask to fly to check the stove while you're out, or to see if you left the windows open. Amazon says the drone will automatically take flight if there's movement in the house to show you what's going on.
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| China to host first major trade show since the pandemic |
9/25/2020 |
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The auto show, the first major in-person sales event for any industry since the coronavirus pandemic began, opens Saturday in a sign the ruling Communist Party is confident China has contained the disease. Still, automakers face intensive anti-virus controls including quarantines for visitors from abroad and curbs on crowd sizes.
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| China to go carbon-neutral by 2060 |
9/24/2020 |
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Xi's announcement during a speech Tuesday to the U.N. General Assembly is a significant step for the world's biggest emitter of greenhouse gases. Calling for a “green revolution,” Xi said the coronavirus pandemic had shown the need to preserve the environment.
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| Spin Memory teams with ARM and Applied Materials to make military accepted MRAM |
9/23/2020 |
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The eight-year-old company recently closed its series-D round of funding from existing financial and strategic partners that include ARM and Applied Materials, according to Spin CEO Tom Sparkman. The company has built in the United States what is probably the world’s only dedicated MRAM fab and aims to tap trade-war subsidies from the US government in the near future.
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| Source of hospital hack identified to Russia |
9/23/2020 |
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The attack caused the failure of IT systems at Duesseldorf's University Hospital two weeks ago. A woman who needed urgent admission died after she had to be taken to another city for treatment.
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