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VW replaces Audi CEO
Volkswagen on Thursday announced that it will be replacing its luxury brand Audi CEO Markus Duesmann effective Sept. 1. Duesmann...
Microsoft CEO says $75 billion Activision deal won’t prevent competition
The heads of Microsoft and Activision Blizzard defended the planned merger of their companies in court on Thursday, saying that the deal will...
PG&E asks for $7 billion government loan to limit California wildfire risk
The Pacific Gas and Electric Company (PG&E) on Thursday applied for a $7 billion federal loan to fund its ambitious...
US considering new restrictions on AI chip exports to China
The U.S. government is contemplating applying new restrictions for the sale of artificial intelligence chips to China. The Commerce Department...
$200 billion stolen from US Covid relief programs
More than $200 billion have been stolen from the U.S. government's Covid-19 relief programs, a federal watchdog said Wednesday, adding...
Cheaper natural gas prices expected this summer
Natural gas prices are starting the summer at less than half what they were a year ago. Cheaper natural gas...
DoorDash dashing to change business model
The popular food delivery service DoorDash announced Wednesday that it will begin offering its delivery drivers the option to be...
Tech giants push S&P 500 up 1% after two-day slump
Stocks halted a back-to-back slide on Tuesday with a rally in big tech. The rally signaled that the U.S. economy...
Boeing supplier, Union Forge agrees to end strike
Spirit AeroSystems Holdings Inc. and its largest union to a new contract Tuesday, ending a strike that stalled production and output for...
Adidas rates among top companies to watch in third quarter
As German sportswear giant adidas transitions to new CEO Bjorn Gulden, investors consider analysts’ expectations to be too conservative. The...
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