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U.S. trade panel recommends varying solar panel import restrictions

us

Members of the U.S. International Trade Commission on Tuesday made three different recommendations for restricting solar cell and panel imports on Tuesday, giving President Donald Trump a range of choices to address injury to domestic producers. The recommendations range from an immediate 35 percent tariff on all imported panels to a four-year quota system that allows the import of up ...

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Warren Buffett, Larry Fink criticize Trump tax plan

warren

President Donald Trump’s tax reform plan came under new criticism on Tuesday from two towering Wall Street figures, including billionaire investor Warren Buffett, who called into question a Republican drive to slash the U.S. corporate rate. With the White House and top Republicans in Congress already on the defensive over claims the plan would not cut taxes for many middle-class ...

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U.S: Harvey may pinch some Gulf Coast refining, chemical projects

TELL

Oil and petrochemical plants along the U.S. Gulf Coast intend to go ahead with plans for near record spending on expansions next year, despite Hurricane Harvey driving up labor costs and slowing work, experts said. Harvey largely spared oil and petrochemical plants along the U.S. Gulf Coast from significant damage but thousands of homes and businesses were not as fortunate. ...

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U.S: Lilly to lay off 8 percent of employees in bid to cut costs

med

Eli Lilly and Co (LLY.N) said on Thursday it would lay off about 8 percent of its employees as the drugmaker, which has suffered setbacks over the past year in the development of two potential blockbuster drugs, works to cut costs. Lilly will cut about 3,500 positions around the world, resulting in yearly savings of about $500 million, beginning in ...

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U.S. cable firms embrace former foe Netflix as TV viewing shifts

netflix

A growing number of U.S. cable operators are forming alliances with Netflix Inc NFLX.O, a shift that is helping the streaming pioneer add customers as its largest single market matures. No. 3 distributor Charter Communications Inc CHTR.O is expected to make Netflix available through its set-top boxes, joining more than a dozen top U.S. pay television operators adopting a model ...

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iconic U.S. brand making cars in India

jeep-compass

An iconic American brand is setting up shop in India. Jeep officially launched its first vehicle produced in India — the 2017 Compass — at an event in Mumbai on Monday. The Compass started rolling off the assembly line near Pune, a city known for its automobile manufacturing, in June. Some of the vehicles produced there will be exported to ...

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Snapchat’s moment of truth is here

snap

Snapchat has seen much of its market value disappear since going public in March. Now the situation could go from bad to worse. Snap(SNAP), the parent company of Snapchat, fell as much as 5% in early trading Monday to a new low as some company insiders finally get the chance to cash out. The stock later rebounded and was flat ...

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Hyundai Motor profit slumps, warns China, U.S. sales malaise to persist

hundai

Hyundai Motor posted its smallest quarterly net profit in five years, falling dismally short of estimates, and warned the second half of 2017 would be challenging as political headwinds hit sales in China and slow U.S. demand continues. The South Korean firm – which together with affiliate Kia Motors is the world’s No.5 automaker – has been betting earnings will ...

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Trump says Apple will build three ‘big’ new plants in US

trump

Apple’s boss has promised to build three new manufacturing plants in the United States, according to an interview President Donald Trump has given to the Wall Street Journal. President Trump told the Journal he had a phone conversation with Apple’s chief executive Tim Cook. “I spoke to (Cook), he’s promised me three big plants – big, big, big,” said President ...

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U.S: Elliott proposes $18.5 billion Oncor deal to top Buffett

FILE PHOTO - Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016.     REUTERS/Mike Blake

Elliott Management Corp, the largest creditor of the bankrupt parent of Oncor Electric Delivery Co, unveiled a plan on Monday to best Berkshire Hathaway Inc’s (BRKa.N) deal for the Texas utility with a bid worth $18.5 billion, including debt. Elliott revealed in documents published on its website it was unhappy with the recovery to some creditors under an $18.1 billion ...

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