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Brendan McDermid | Reuters T-Mobile CEO John Legere speaks on the floor of the New York Stock Exchange, April 30, 2018. T-Mobile said on Thursday that it will begin a trial delivering home broadband service using its wireless network, an example of how mobile carriers are planning their next push …
Read More »Monthly Archives: March 2019
Trump wants China to raise its offer to buy US goods to strike a trade deal, sources say
U.S. officials seeking a China trade deal are focused on long-term changes to that nation’s economy. But President Donald Trump is set on reducing the trade deficit, and is pushing his negotiators to get China to agree to purchase more goods, according to two people briefed on discussions. China has …
Read More »Rite Aid shareholders approve reverse stock split
David Paul Morris | Bloomberg | Getty Images Pedestrians walk past a Rite Aid Corp. store in Oakland, California. Rite Aid shareholders have approved the company’s reverse stock split, in a move aimed at boosting the drugstore chain’s shares high enough to continue trading on New York Stock Exchange. Shares …
Read More »Biogen heads for the worst day in a decade after ending trial for blockbuster Alzheimer’s drug
Shares of Biogen plummeted Thursday after the company halted the trial of Alzheimer’s disease drug aducanumab, which it was developing in partnership with Japanese pharmaceutical company Eisai. Biogen’s stock tanked 28 percent on Thursday on pace for its worst day since August 2008 because the drug was expected to be …
Read More »Beto O’Rourke says Big Tech needs regulation, not a breakup
Scott Eisen | Getty Images Democratic presidential candidate Beto O’Rourke speaks during a meet and greet at Plymouth State College on March 20, 2019 in Plymouth, New Hampshire. Presidential hopeful Beto O’Rourke said Wednesday he’d rather see Big Tech regulated than broken up. The comments take a slightly different tack …
Read More »Why Facebook’s A.I. didn’t detect the New Zealand mosque shooting video
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. Facebook explained why its artificial intelligence tools failed to …
Read More »Bank of England holds interest rates steady amid Brexit chaos
Paul Hackett | Getty Images Pedestrians walk past the Bank of England in the City of London, Britain June 28, 2016. The Bank of England (BOE) held interest rates steady on Thursday, amid intensifying uncertainty over Britain’s departure date from the European Union. With just eight days to go before …
Read More »Needham upgrades Apple to strong buy, sees 20% rally in the next year
Stephen Lam | Reuters Tim Cook, CEO of Apple, smiles during a demonstration of the newly released Apple products following the launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Apple was upgraded to strong buy from buy at Needham on Thursday, as the firm primarily …
Read More »Boeing confirms changes to the 737 MAX’s software and training
Andrew Matthews | PA Images | Getty Images A Boeing 737 Max gives a display during the opening day of the Farnborough International Airshow in Hampshire. Boeing says it is working on changes to the training and operation of its 737 MAX plane that has suffered two major crashes within …
Read More »EU leaders to decide whether to give UK more time for Brexit
Ahead of her visit to Brussels, May made a speech on Wednesday in which she blamed British lawmakers for frustrating the Brexit process. Addressing the British public she said she recognized weariness with ongoing Brexit uncertainty and infighting and added, “I am on your side.” Opposition Labour party leader Jeremy …
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