Business

Tom Williams | CQ-Roll Call Group | Getty Images Sheryl Sandberg, Facebook COO testifies during a Senate (Select) Intelligence Committee hearing where they testified on the influence of foreign operations on social media on September 5, 2018. Facebook COO Sheryl Sandberg acknowledged on Sunday that the embattled social media giant “understands the deep responsibilities we
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When Goldman Sachs talks, investors listen. Goldman analyst Patrick Archambault, who covers Tesla, put out a report with a price target on the stock of $84, a 34 percent discount to the prior day close of $127.26. Archambault had come up with three scenarios for the company, based on how many cars it would sell,
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Saul Loeb | AFP | Getty Images Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. The Federal Trade Commission is considering imposing a “record-setting fine” against Facebook for allegedly
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Sears‘ unsecured creditors filed an objection Thursday afternoon to Chairman Eddie Lampert’s deal to save the company through his hedge fund, ESL Investments, requesting a public hearing to air its grievances. In documents filed with with Southern District of New York Bankruptcy Court, the committee said it has uncovered facts that demonstrate Sears’ downfall was
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If the shutdown — now in an unprecedented 27th day — continues, the federal employees charged with overseeing security at the event will also be working without pay. The Department of Homeland Security is heavily involved with keeping the event safe from terrorism and other threats, working with the NFL, FBI and local law enforcement
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Qilai Shen | Bloomberg | Getty Images Michael Evans, co-president of Alibaba Group Holding Ltd., gestures as he speaks at a news conference during the company’s annual November 11 Singles’ Day online shopping event in Shenzhen, China, on Friday, Nov. 11, 2016. Shares of Alibaba dipped just before market close Monday following a Wall Street
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Sergio Flores | Bloomberg | Getty Images Coolers sit on display for sale at the Yeti Holdings Inc. flagship store in Austin, Texas, U.S., on Wednesday, Sept. 12, 2018. YETI shares jumped 10 percent after it raised its full-year guidance and released preliminary results. The company said it now expects to report full-year earnings per
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Taco Bell will start testing its first vegetarian menu later this year, the company said Thursday. Offering a vegetarian menu will help the Mexican fast food chain cement itself as the go-to option for non-meat eaters, who often struggle to order a meal at fast food restaurants that only sell hamburgers or chicken tenders. Five
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The Brazilian government on Thursday said it would allow a proposed tie-up between planemakers Embraer and Boeing to go forward, capping weeks of uncertainty in which President Jair Bolsonaro expressed hesitation. The approval maintains the terms of the deal as previously proposed, with Embraer selling 80 percent of its commercial plane division, its most profitable,
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Attorneys in San Francisco representing a Google shareholder are suing Alphabet’s board of directors for allegedly covering up sexual misconduct claims against top executives. The suit comes months after an explosive New York Times’ report detailed how Google shielded executives accused of sexual misconduct, either by keeping them on staff or allowing them amicable departures.
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