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Business News

Location American Business News for 8 January 2019
I Tried The $800 Robot Suitcase So You Won't Have to The artificially intelligent suitcase that's also a robot with cameras and GPS tracking is real.
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Nvidia announced that its Drive AutoPilot is the first automated driving system that meets standards for Level 2-plus autonomous cars.
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Here’s how to get the best deals at a going out of business sale When a store goes out of business, shoppers may not always find bargains        
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World Bank cuts forecast for world economic growth in 2019 World Bank: Trade tension, factory slump, rising rates will cut world economic growth in 2019
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Sears plans to shutter after 126 years in business as Chairman Eddie Lampert's bid fails Sears employs more than 50,000 people.
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The European Union is failing, and populism -- ordinary folks are rebelling against the hubris of elites -- is rising.
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Carlos Ghosn makes his first court appearance since arrest Carlos Ghosn makes his first appearance in court in Japan to face financial misconduct charges.
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Samsung warns of profit drop as chip demand slows The Korean electronics giant expects profit to fall on lower demand for smartphones and memory chips.
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Banks and brokers are forming a new stock market

L.A. Times - 8 Jan 2019 01:55
Banks and brokers are forming a new stock market A group of big banks and brokers is forming a new U.S. stock market, funneling years of frustration about how much exchanges charge into the creation of a competitor. The nine founders -- Bank of America Merrill Lynch, C...
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Government shutdown grinds SBA lending to halt

American Banker - 8 Jan 2019 23:08
The agency is unable to process loan applications and faces a daunting backlog once Washington returns to work.
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Health industry's marketing bill tops $30 billion Critics say patients are often misled by ads that advocate high-priced drugs, unapproved stem cell treatments or genetic tests.
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Myntra revenue shrunk by 80% to ₹427 crore in FY18 Myntra reported a net loss of ₹151.20 crore in FY18--a 76% drop from ₹627.70 crore loss reported in FY17
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London copper slips as dollar steadies, trade talks in focus Three-month copper on the London Metal Exchange was down 0.4% at $5,902.50 a tonne, as of 0701 GMT, after edging up 0.1% in the previous session
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How Publishers Are Using Memberships to Earn Highly Valuable Loyal Readers If online publishing were a romcom, you could liken Yahoo Finance--which in Q1 will ask readers to join a paid membership program to receive premium articles, data, research and tools--to Julia Roberts' Notting Hill char...
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True-Crime Fanatic Michelle Nguyen Kills It in the Branding World Crime is a passion for Michelle Nguyen. The crimes that other people commit, that is. "Earlier this year, I actually went to a true-crime convention. It was the best thing ever," she said. Growing up in San Jose, Calif.,...
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The CEO of a private health care facility in Phoenix has resigned following reports that a patient gave birth despite being in a vegetative state for more than a decade. …
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US markets open higher on US-China trade deal optimism Dow Jones rises 0.63% to 23,680.32, S&P 500 up 0.72% to 2,568.11 and Nasdaq gains 1.03% to 6,893.44 at the opening bell
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Forest fire insurance costs soar

Reuters - 8 Jan 2019 16:49
Forest fires are becoming increasingly likely because of climate change and costing insurers more than ever, with the deadly fire that ravaged northern California the single most expensive natural disaster in 2018, Munic...
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Markets Right Now: Stocks open broadly higher on Wall Street Stocks are opening broadly higher on Wall Street, building on two days of solid gains.
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PG&E Corp's shares fell 14 percent on Tuesday, after S&P Global stripped the California power company of its investment-grade credit rating in the face of massive claims stemming from deadly wildfires.
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Google Assistant will soon be on nearly 1 billion devices, company says at CES 2019 Google's answer to Amazon's Alexa is on many products, including the Google Home speakers, Android and iOS phones, headphones and watches.        
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US retail giant Sears seeks liquidation, reports say The US retail giant has been struggling with huge debts and a shift to shopping online.
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