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| China remains in a "shut-down" mode |
2/12/2020 |
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Despite the official end of the extended Lunar New Year holiday, many remained at home on Tuesday with around 60 million people under virtual quarantine.
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| Uber post billion dollar lose |
2/10/2020 |
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The San Francisco-based ride-hailing giant lost $1.1 billion in the fourth quarter of 2019, about 24% more than the same time last year. The loss amounted to 64 cents per share, which was slightly better than what analysts were expecting.
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| Contract manufacturer end BlackBerry phone production |
2/10/2020 |
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TCL announced Monday that its contract with BlackBerry has come to an end and that it is no longer licensed to produce or sell BlackBerry devices. TCL says it will still support existing devices until 2022, but that’s about it.
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| U.S. Q4 productivity up 1.7% |
2/7/2020 |
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For the year, productivity increased 1.7%, up from 1.3% advances in both 2017 and 2018. While a 1.7% rise in productivity is considered modest, it was the best annual showing since a 3.4% advance in 2010.
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| FBI turns its attention to Chinese espionage |
2/7/2020 |
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The Justice Department in 2018 created what it calls the China Initiative to focus attention on the espionage threat, though officials stressed Thursday that the scrutiny was aimed not at individual Chinese citizens but rather at those suspected of stealing from America on Beijing's behalf.
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| Siemens earning dipped weighed down by auto and energy sectors |
2/6/2020 |
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Siemens said orders for the period, its fiscal first quarter, were down 2% at 24.76 billion euros ($27.4 billion). Net profit declined 3% to 1.09 billion euros. It pointed to “sharply lower large volume from large orders” at its mobility business and a similar issue with the gas and power business.
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| Hyundai halts production amid coronavirus |
2/6/2020 |
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Hyundai emailing saying its decision to close its Korea plants is due to disruption in the supply of parts resulting from the coronavirus outbreak in China, and that the company is reviewing various measures to minimize the disruption of its operations, including seeking alternative suppliers in other regions.
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| 2020 outlook for the memory market looks flat |
2/5/2020 |
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“We’re projecting for NAND flash to go up 5% next year. But we’re projecting for DRAM to go down 25%. So, it’s a mixed-up kind of a year. But, when all is said and done, we think 2020 will end with an ongoing oversupply in the memory market.”
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| Amazon's U.S. workforce has topped 500,000 for the first time |
2/5/2020 |
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Amazon's U.S. workforce has topped 500,000 for the first time, up 43% from the year before and more than triple what it was five years ago, the company said Friday. It gained 150,000 workers last year, more than the size of Apple's entire workforce.
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| Signs on supply chain disturbance start to show up |
2/5/2020 |
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Foxconn, the Taiwanese company that famously provides Apple and other tech giants with contract assembly work, is touch and go right now. China has forced companies to shutdown as it works to address virus concerns and Foxconn is currently out of production until February 10th. At least.
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| Adata predicts memory prices to rise following recovery from coronavirus |
2/4/2020 |
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Chen expects demand for memory to resume growth by May or June if the outbreak can be effectively contained. Sales from physical stores are expected to be undermined by the outbreak in the first quarter, but the losses will be covered by the dramatic growths from online shopping platform.
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| California Bill to make utility companies pay for some Blackouts |
2/4/2020 |
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PG&E shut off power for more than 2 million customers in October. The blackouts caused major disruptions throughout the region, closing schools and businesses and making it more difficult for people who rely on medical devices powered by electricity.
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| PG & E to re-organize its board |
2/4/2020 |
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Pacific Gas and Electric is pledging to overhaul its board of directors in an attempt to avoid a potential takeover by the state of California and prove the nation's largest utility is turning over a new leaf as it works through its second bankruptcy in less than 20 years.
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