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Google Fitbit Involvement: EU launches full-scale investigation

Copyright Reuters The European Commission will conduct a full-scale investigation into Google’s acquisition of Fitbit. The announcement follows a preliminary review and threatens to thwart the acquisition of the fitness tracking firm. Contrary to Google’s offer last month not to use Fitbit’s health data for ad targeting. Alphabet parent company Google agreed to bring the tech-savvy technology firm to market …

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Ford CEO Jim Hackett to retire, as stock debts, automakers block Jim Farley

Ford CEO James Hackett unveils the company’s first mass-market electric car, the Mustang Mach-E, which is an all-electric vehicle bearing the company’s iconic car name at a ceremony in Hawthorne, California on November 17, 2019 . Mark Ralston | AFP | Getty Images Ford Motor CEO and President Jim Hackett will retire unexpectedly amid a $ 11 billion restructuring plan …

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Tesla will most likely make Cybertruck smaller for Europe, says Elon Musk

While Tesla has abandoned plans to reduce the size of the Cybertruck, Elon Musk now says the motorist will most likely make a smaller version of the electric intake for Europe. Smaller Tesla Cybertruck Not long after unveiling the Cybertruck prototype last year, Musk started talking about making the electric truck smaller to fit inside a regular garage. Earlier this …

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Home Depot to expedite deliveries with new distribution centers

A customer wears a protective mask while unloading purchases from a cart outside a Home Depot Inc. store. in Reston, Virginia, Thursday, May 21, 2020. Andew Harrer | Bloomberg | Getty Images Like many other buyers, Home Depot customers have little patience for long waits and shipping delays. The home improvement retailer announced Tuesday that it will open three distribution …

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Warren Buffett’s Berkshire Hathaway Allows to Double Bank of America Shares to Nearly 25%

Alex Wong / Getty Images Warren Buffett’s Berkshire Hathaway is allowed to double Bank of America shares to 24.9%, a spokesman for the Richmond Federal Reserve, Virginia, told the Virginia Post for Business Insider this week. The billionaire investor company bought about $ 1.7 billion worth of bank shares in the last two weeks of July, raising its ownership to …

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BP to cut oil production by 40% and pour billions into green energy

“This next decade is critical for the world in the fight against climate change and to promote the necessary change in global energy systems will require action from all,” BP said in a statement. BP oil and gas production is expected to fall by at least one million barrels per day by 2030, a 40% reduction to 2019 levels. However, …

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BP halves the dividend after suffering heavy losses

BP BP has halved its shareholder dividend and posted a quarterly loss of $ 6.7bn after the coronavirus pandemic hit global oil demand. The dividend news is another blow to pension funds and private investors who have seen a range of firms cut or cut wages. The loss was mainly due to the melting of the value of BP assets, …

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