Volkswagen says it is not interested in buying a Tesla stake

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Thursday denied a media report which suggested that the German carmaker was interested in buying a stake in United States electric car manufacturer Tesla. “The speculation about buying a stake in Tesla made by Manager Magazin is without merit,” a Volkswagen spokesman said in a written statement to Reuters. Source: Read Full Article

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America has half a million fewer jobs than initially believed

Where are the worst job losses due to China trade Peter Navarro believes the Trump administration is trying to stop these job losses. Wall Street Journal associate editor James Freeman says these tariffs might lead to a U.S. recession. The U.S. labor market isn’t as strong as initially believed, according to new figures published on Wednesday. Continue Reading Below The […]

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Uniper workers urge Fortum to spell out future plans to allay downgrade fears

DUESSELDORF, Germany (Reuters) – Labor representatives at Uniper (UN01.DE), fearing a ratings downgrade in the event of a full takeover of the German energy group, have called on major shareholder Fortum (FORTUM.HE) to lay out plans for future cooperation between the two companies. It is the latest attempt to break a deadlock in Uniper and Fortum’s long-running talks over their […]

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VMWare in talks to buy Pivotal Software; both controlled by Dell

(Reuters) – VMware Inc (VMW.N) and Pivotal Software Inc (PVTL.N) are negotiating a deal for VMWare to acquire Pivotal, according to a regulatory filing from Dell Technologies Inc (DELL.N) on Wednesday, valuing Pivotal, a maker of software development and management tools, at about $4 billion. Pivotal shares jumped 63% to $13.60, while shares of VMWare were down about 3% at […]

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Janet Yellen to Wall Street: A recession is unlikely

Janet Yellen on US recession concerns: Most likely no Former Federal Reserve Chair Janet Yellen addresses concerns about a potential U.S. recession. Former chair of the Federal Reserve, Janet Yellen, told FOX Business she doesn’t think the U.S. economy is headed toward a recession after the bond market sounded an economic alarm bell waking up anxious investors. Continue Reading Below […]

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CBS-Viacom is just the beginning of Shari Redstone's media deals

NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. “We would want to look at something after that to … develop more scale as we move forward,” Redstone said at The Information’s […]

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Why everyone should get a prenup, according to 'Broke Millennial' author Erin Lowry

As younger generations wait longer and longer to get married than their parents and grandparents, individuals are accumulating more wealth, assets and, in many cases, debt before marriage than in the past.Every millennial getting married should protect themselves in case the union ends up being a less-than-harmonious one, says Erin Lowry, author of"Broke Millennial Takes on Investing. " Though it's […]

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BlackRock poised to become Authentic Brands' largest shareholder: WSJ

(Reuters) – BlackRock Inc (BLK.N) is taking a stake in Authentic Brands Group LLC in a deal valuing the U.S.-based entertainment company at more than $4 billion including debt, the Wall Street Journal reports on Sunday citing sources. BlackRock is poised to become the largest shareholder of the company, replacing private-equity firm Leonard Green & Partners as Authentic Brands’ largest […]

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