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Global Business News for 23 Apr 2019

New York on the verge of higher gas prices

New York Post - 23 Apr 2019 05:00
New York on the verge ofBig Apple gasoline prices are headed upward for warmer weather and the vacation season. A gallon of regular is hovering at $3 in the city, after climbing from a 2019 low of about $2.50 in February,... said price-tracking service GasBuddy.com. Costs climb in the spring as filling stations switch to summer-blend gas, which is more...
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Applications to generate more than 1000MW of small-scale solar power are sitting on the desks of the authorities but red tape and "political wrangling" are holding up the process of getting this new... electricity onto the grid.
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Tesla Inc.'s autonomous driving day was riddled with so many pie-in-the-sky statements and inaccuracies that Chief Executive Elon Musk is starting to look more like a huckster car salesman than the... "genius" that his fans worship.
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Exxon Mobil Corp said it has signed a 20-year agreement to supply liquefied natural gas (LNG) to China's Zhejiang Energy, as the U.S. oil and gas giant steps up marketing of the fuel in China, the... world's second-largest buyer.
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New Jersey really needs toA while back, I wrote that New Jersey's proposed tax on marijuana sales -- at $42 an ounce -- was too high and I predicted that would result in people buying cheaper black-market pot. People wrote to... me to say I was nuts because consumers would want the better quality pot that was being sold...
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Foreign portfolio investors (FPIs) bought Rs 73.08 crore worth of domestic stocks on Monday.
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While there are valuation models to use before investing in stocks, there still are qualitative factors that you need to consider which may not reflect in your financial projections
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Oil prices hovered near 2019 peaks in early trading on Tuesday. Brent crude futures were at $74.33 per barrel at 6:21 am
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Bed Bath & Beyond's boardBed Bath & Beyond's splashy announcement of a board overhaul on Monday failed to boost the stock -- or ward off a looming proxy battle by a trio of angry hedge funds. The retail chain's stock sank 4... percent on Monday after it announced a "transformation" of its board, including five new independent directors and...
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China is staking its claim in the race to 5G by moving up its first network launch to May 2019, supported largely by domestic Qualcomm Snapdragon 5G phones.
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Japan expects a limited impact from the U.S. decision not to renew waivers it had previously granted on Iran oil import sanctions, trade and industry minister Hiroshige Seko said on Tuesday.
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Apple's facial recognitionHe's trying to save face. A New York man filed a $1 billion lawsuit against Apple, claiming the tech giant's facial-recognition software wrongly blamed him for stealing from Apple stores. Ousmane Bah,... 18, claims someone used a stolen ID to pass themselves off as him when they were busted stealing $1,200 worth of merchandise from...
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Police arrested 11 protesters who had blocked railroad tracks in Northwest Portland since Sunday and demanded local action in response to climate change. The Oregonian/OregonLive reports the... protesters were part …
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The Tennessee House has advanced a bill aimed at giving FedEx $21.3 million in tax breaks over seven years for its $1.3 billion Memphis hub expansion. The House approved the …
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California legislators considered a plan Monday intended to encourage more banks to do business with marijuana companies that have been frozen out of thousands of financial institutions. Most... Americans live …
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PG&E Corp. on Monday settled a dispute with an activist investor by restructuring its board to include another director with utility experience, and adding a safety specialist to advise its chief... executive.
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Wegmans dumping plastic bagsThe supermarket chain said its goal is to beat the deadline for the statewide ban.        
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$50,000 fine for those caughtBusinesses changing the biscuit recipe or trying to cash in on the commemoration of the Anzacs could face huge fines.
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Today's picks: From Indian OilNifty, Bank Nifty, Tech Mahindra, Indian Oil Corporation, Tata Motors
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Edison asks for biggerCalifornia's major monopoly utilities asked regulators Monday to approve higher profits for their shareholders amid a growing risk of destructive fires. The biggest request came from Southern... California Edison, where the average household customers could see an annual bill increase of more than...
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Intel Corp.'s new permanent chief executive should arrive to his first earnings report with a full deck of updates for investors after what is expected to be a slow start to 2019.
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Kraft Heinz Co's incoming chief executive, Miguel Patricio, is indicating a change in strategy for the packaged food company that could move it away from the aggressive cost-focused culture that has... been in place since the company was created in 2015.
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Stock indexes end mostly lowerWall Street capped a day of mostly sideways trading Monday with a slight gain for the benchmark S&P 500 index, as an increase in crude oil prices sent energy companies broadly higher. Energy sector... stocks climbed as the price of crude oil hit its highest level since October after the U.S. government...
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Boeing defends DreamlinerBoeing called a New York Times report examining its South Carolina plant "offensive" and "distorted."
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Last year, Walt Disney Co. Chief Executive Bob Iger made $65.6 million -- about 1,424 times the median Disney employee's salary, an amount that heiress Abigail Disney is calling "insane."
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