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Tesla made a record 80,000 vehicles last quarter, report says

David Paul Morris | Bloomberg | Getty Images Tesla vehicles are loaded onto a truck for transport at the company’s manufacturing facility in Fremont, California, on Wednesday, June 20, 2018.  Tesla produced a record number of vehicles in the third quarter, said a report in electric vehicle blog Electrek, which …

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foreign house buyer tax sends UK real estate stocks tumbling

Christopher Furlong | Getty Images News | Getty Images British Prime Minister Theresa May attends day two of the annual Conservative Party Conference on October 1, 2018 in Birmingham, England. House builder stocks listed on the FTSE 100 shed value on Monday morning after the U.K. government announced plans to …

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GE removes Flannery as CEO, takes $23 billion charge for power

General Electric abruptly removed John Flannery as chairman and CEO on Monday and installed Lawrence Culp as his successor. At the same time, GE said it will take a $23 billion non-cash charge for its struggling power business. The industrial conglomerate said it “will fall short of previously indicated guidance …

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General Electric short sellers have made $673 million this year

Christopher Goodney | Bloomberg | Getty Images John Flannery, chief executive officer of GE. General Electric’s painful year as been a boon for investors who have placed big bets against the legacy industrial conglomerate. And Wall Street’s outlook for the company’s fourth quarter isn’t getting any rosier. GE has proven …

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Air Niugini plane crashes in Micronesia lagoon, everyone survives 

James Yaingeluo | via REUTERS People are evacuated from an Air Niugini plane crashed in the waters in Weno, Chuuk, Micronesia, September 28, 2018 in this picture obtained from social media.  An Air Niugini plane crashed in a lagoon off the Federal States of Micronesia after missing the runway while …

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Facebook head of policy Joel Kaplan attended Kavanaugh hearings

REUTERS/Jim Bourg Facebook policy head Joel Kaplan (circled) listens to testimony of Brett Kavanaugh before a Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington, U.S., September 27, 2018.  Facebook’s head of policy, Joel Kaplan, was sitting in the U.S. Senate gallery Thursday behind Judge Brett Kavanaugh as he …

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With food allergies on the rise, drug companies ramp up new approaches

Not everyone made it through, though, and that’s because of side effects related to the treatment itself: patients are ingesting the very thing they’re allergic to. “At first we almost didn’t do it because it was like eating the thing that I was avoiding at all costs for my whole …

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Trump postpones meeting with Deputy AG Rosenstein until next week

Alex Wong | Getty Images Deputy Attorney General Rod Rosenstein talks to an unidentified man as he arrives at the White House September 27, 2018 in Washington, DC.  President Donald Trump postponed a scheduled meeting with Deputy Attorney General Rod Rosenstein on Thursday, in order not to distract from congressional …

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Cybersecurity startup Darktrace raises $50 million in Series E funding

David Paul | Bloomberg | Getty Images Nicole Eagan, chief executive of DarkTrace, speaks at a conference in San Francisco, California, U.S. British cybersecurity start-up Darktrace has raised $50 million in a funding round that values the firm at $1.65 billion. The investment, announced on Thursday, was led by European …

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IMF increases Argentina bailout package to $57 billion

Eitan Abramovich | AFP | Getty Images A man walks past a store selling off in Buenos Aires, on September 4, 2018.  The International Monetary Fund and Argentina announced Wednesday an arrangement to increase resources available to the South American country by $19 billion. The agreement, pending IMF Executive Board …

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