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  AutoNation names new CEO as slowing auto sales hit results
[22.02.2019]

AutoNation Inc said on Friday it has chosen insurance and financial services executive Carl Liebert to succeed longtime Chief Executive Officer Mike Jackson and lead the largest U.S. auto dealership chain at a challenging time, when the domestic vehicle market has been slowing.
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  Wall Street climbs as trade hopes power tech shares
[22.02.2019]

U.S. stocks rose on Friday, as technology shares were boosted by signs of progress in the ongoing trade talks between the United States and China.
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  Fed says U.S. economy ended 2018 with solid but weakening growth
[22.02.2019]

The U.S. economy maintained "solid" growth through the second half of 2018, likely expanding "just under" 3 percent for the year, though consumer and business spending had begun to weaken, the Federal Reserve said on Friday in its semi-annual monetary policy report to Congress.
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  Fed's Bullard says not ready to call for another rate cut: Fox Business
[22.02.2019]

St. Louis Federal Reserve Bank President James Bullard on Friday said he was not expecting another rate cut in 2019, but added that the U.S. Federal Reserve will see how the U.S. economy progresses this year.
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  Equifax says U.S. regulators seek damages related to 2017 breach
[22.02.2019]

Credit reporting company Equifax Inc said it was informed by several U.S. regulators that they intend to seek damages from the company related to the cybersecurity breach of 2017 that exposed personal information of nearly 145 million people.
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  GM extends production at Detroit factory until early 2020
[22.02.2019]

General Motors Co said on Friday it had extended the production at its Detroit Hamtramck plant until January 2020, against an earlier plan to discontinue production in June this year.
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  Canada's Barrick considers buyout of rival Newmont Mining
[22.02.2019]

Canada's Barrick Gold Corp said on Friday it was considering an all-stock bid for U.S. rival Newmont Mining Corp, a deal that would create a monolith in the global gold sector and likely push smaller peers to start buying each other.
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  GM extends production at Detroit factory until early 2020
[22.02.2019]

General Motors Co said on Friday it had extended the production at its Detroit Hamtramck plant until January 2020, against an earlier plan to discontinue production in June this year.
>> MORE


  Daimler, BMW to invest 1 billion euros in venture to rival Uber
[22.02.2019]

German carmakers Daimler and BMW unveiled a joint ride-hailing, parking and electric car charging business on Friday to compete with mobility services provided by Uber and other tech firms.
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  Kraft Heinz $15 billion write-down puts focus on years of cost cuts, shares fall 28 percent
[22.02.2019]

Kraft Heinz Co shares fell to their record low after the food giant announced a multi-billion dollar write-down on its marquee brands, raising concerns that years of rigorous cost cuts had eroded the value of its Kraft and Oscar Mayer products.
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  UBS sticks to dividend, capital return plans after French verdict
[22.02.2019]

UBS plans to stick to its proposed dividend for 2018, CEO Sergio Ermotti said on Friday, two days after the Swiss bank was hit with a 4.5 billion euro ($5.1 billion) penalty in a French tax ruling that the bank has appealed.
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  UBS ignored whistleblower warnings in French tax case: judgment
[22.02.2019]

UBS was warned numerous times over a period of at least six years that its French private bank risked breaking local tax laws, according to the written judgment in a case where the Swiss bank faces a 4.5 billion euro ($5.10 billion) penalty.
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  U.S. judge will not block Amazon-Berkshire-JPMorgan health venture's new hire
[22.02.2019]

A federal judge on Friday declined to block a UnitedHealth Group Inc unit's former executive from working at a new healthcare venture launched by Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co.
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  Fed to keep open mind in review of strategy, tools, Clarida says
[22.02.2019]

The Federal Reserve will keep an open mind as it begins a broad review this year of its monetary policy framework that could result in changes to how it goes about ensuring that prices remain stable and employment plentiful, Fed vice chair Richard Clarida said on Friday.
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  U.S.-China trade hopes lift stocks; oil at three-month high
[22.02.2019]

Stocks rose in major markets on Friday on bets of progress in trade talks between the United States and China, while crude futures hit their highest in over three months, supported by ongoing supply cuts.
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  France holds out over start of EU trade talks with Trump
[22.02.2019]

France expressed reservations on Friday about proposed trade negotiations with the United States, diplomats said, while other EU countries supported talks with Washington that could ward off punitive U.S. tariffs on European cars.
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  Oil hits three-month highs on U.S.-China trade hopes
[22.02.2019]

Oil prices touched more than three-month highs on Friday, supported by rising hopes that the United States and China would soon reach a deal to end their trade war, but new record U.S. oil production limited gains.
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  U.S., China resume talks on thorniest issues in trade war
[22.02.2019]

Top U.S. and Chinese trade negotiators met on Friday to wrap up a week of talks that have seen the two sides struggle to detail how to bridge deep differences on China's role in global commerce.
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  British fraud office abandons Rolls-Royce, GSK investigations
[22.02.2019]

The UK's Serious Fraud Office (SFO) has abandoned two of its largest and longest investigations, into alleged bribery at aero engine maker Rolls-Royce and drugs maker GlaxoSmithKline, in a move described by one lawyer as "extraordinary".
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  U.S. farmers receive $7.7 billion in trade aid to date: USDA
[22.02.2019]

U.S. Department of Agriculture has paid out $7.7 billion so far to farmers, William Northey, Undersecretary for Farm Production and Conservation, said on Friday, in aid designed to offset the negative impact of tariff imposition.
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