Business

(Reuters) – AbbVie Inc (ABBV.N) said on Friday that Chief Financial Officer William Chase is retiring in mid-2019 and named its controller, Robert Michael, his immediate successor as CFO. FILE PHOTO: A screen displays the share price for pharmaceutical maker AbbVie on the floor of the New York Stock Exchange July 18, 2014. REUTERS/Brendan McDermid/File
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(Reuters) – Tesla Inc (TSLA.O) on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as U.S. tax breaks for Tesla cars are about to decrease. A Tesla Model 3 sedan, its first car aimed at the mass market, is displayed during its launch in Hawthorne, California,
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NEW YORK (Reuters) – Blackstone Group LP (BX.N), the U.S. buyout firm which is relying on Saudi Arabia to provide half the money for its planned $40 billion infrastructure fund, waved off concerns about funding on Thursday even as controversy rages over the disappearance of a Saudi journalist that has frayed relations between Wall Street
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(Reuters) – Ride-hailing giant Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14,
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FRANKFURT (Reuters) – Germany’s carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform to meet new regulations and adapt their supply chains, Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess said on Tuesday. FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, speaks during the Volkswagen Group’s annual general
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(Reuters) – Microsoft Corp (MSFT.O) co-founder Paul Allen, who had been suffering from non-Hodgkin’s lymphoma, a form of cancer, passed away at the age of 65 on Monday, his family said. Seattle Seahawks owner and Microsoft co-founder Paul Allen takes a photo prior to ringing the opening bell at the New York Stock Exchange January
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FRANKFURT (Reuters) – Germany’s Transport Ministry said on Monday it would order roughly 100,000 Opel vehicles to be recalled as part of an emissions probe, after prosecutors searched the carmaker’s offices earlier in the day. FILE PHOTO: An Opel logo is pictured in Ruesselsheim, Germany July 4, 2018. REUTERS/Ralph Orlowski/File Photo German motor vehicle authority
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NUSA DUA, Indonesia (Reuters) – The International Monetary Fund said on Saturday its members pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade frictions and higher borrowing costs threatened to knock global growth. United States Secretary of the Treasury Steven Mnuchin speaks during an interview with Reuters at
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NEW YORK (Reuters) – Walmart Inc (WMT.N) has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel- focused acquisition in less than two weeks as the world’s biggest retailer seeks deeper inroads into the online fashion space. FILE PHOTO: A Walmart store is seen in Encinitas, California April 13, 2016. REUTERS/Mike
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(Reuters) – Wall Street indexes continued their slide in Thursday’s volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings a day ahead of the quarterly reporting season kickoff. In its sixth consecutive day of declines, the S&P closed down 2.1 percent after shedding 3 percent
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