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Tesla shares drop more than 5% after Musk mocks SEC on Twitter

David Paul Morris | Bloomberg | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors, speaks during an event at the company’s headquarters in Palo Alto, California. Tesla shares dropped more than 5 percent percent Friday morning, a day after CEO Elon Musk sent out a tweet …

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Amazon launched accelerator program to create more exclusive brands

Alex Wong | Getty Images Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland.  As Amazon revs up its private label business with new household goods …

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Amazon has been promoting own products at the expense of big brands

Alex Wong | Getty Images Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland. Amazon’s latest experiment to promote its own products — like toilet paper, …

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Tencent Music to IPO with profits, Spotify backing

Qilai Shen | Bloomberg | Getty Images A pedestrian walks past Tencent Holdings Ltd.’s new under construction headquarters in Shenzhen, China; Tencent’s music division is set to go public with actual profits on the board and industry competitor Spotify as a backer, according to a newly filed prospectus. The music …

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FDA seizes documents in surprise inspection of e-cigarette maker Juul

Gabby Jones | Bloomberg | Getty Images A person smokes a Juul Labs e-cigarette in this arranged photograph taken in the Brooklyn, New York. The Food and Drug Administration seized “thousands of pages of documents” in a surprise inspection of e-cigarette maker Juul’s San Francisco headquarters last week, the agency …

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Blue Apron is now selling its meal kits on Grubhub and it ‘seems odd’

Scott Eisen | Getty Images  Items from a ‘family-plan’ Blue Apron box are displayed on a kitchen counter on June 28, 2017 in Boston, Massachusetts. The online meal-kit delivery company is going public and has lowered their upcoming IPO price range from $15 to $17 a share to $10 to …

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GE shares fall after Moody’s puts credit rating under review for possible downgrade

Luke Sharrett | Bloomberg | Getty Images A worker cleans a part of a gas turbine on the assembly line at the General Electric energy plant in Greenville, South Carolina. General Electric’s credit rating is under review for a possible downgrade at Moody’s, the ratings agency said Tuesday. Specifically, the …

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BMW says the German government fix doesn’t make sense

Thomas Lohnes | Getty Images News | Getty Images Harald Krueger, CEO of German carmaker BMW shows the German Chancellor Angela Merkel an ‘i Vision Dynamic’ all-electric concept car at the 2017 Frankfurt Auto Show.  Auto giant BMW has said a proposal by the German government to make car companies …

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Kroger and Walgreens to collaborate on exploratory pilot 

Daniel Acker | Bloomberg | Getty Images A shopper outside a Kroger supermarket in Peoria, Illinois. Kroger and Walgreens are experimenting with a new pilot program that would allow Walgreen’s shoppers to pick up online orders of Kroger’s groceries at some of the pharmacy’s locations, the retailers announced on Tuesday. …

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Why GE removed John Flannery as CEO after little more than a year

General Electric’s board of directors removed John Flannery as CEO due to frustration with the pace of his turnaround plan for the embattled industrial conglomerate, sources familiar with the situation told CNBC. Flannery took on the job in August 2017. “The board was unsatisfied with the execution that was taking …

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