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China Future Mobility Corp Nissan Motor Co president Tech Top News 

China e-car newcomer Future Mobility raises $200M in new financing

August 16, 2017 BEIJING (Reuters) – A Chinese-funded electric-car startup Future Mobility Corp, led by former BMW and Nissan Motor Co sales executive as president and co-founder, has raised $200 million in its latest round of financing. Daniel Kirchert, Future Mobility’s president, told Reuters in an interview main investors in its new financing round include Fullshare Holdings Ltd and Zijin Venture Capital. He said most of the money will be used for product development. Future Mobility has said it plans to launch three models. The first, a premium midsize crossover…

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accounts ETF Money president Top News U.S. 

ETFs are hot everywhere but workplace retirement plans

August 15, 2017 By Beth Pinsker NEW YORK (Reuters) – Low-cost exchange-traded funds are a favorite of individual investors. ETF assets reached $2.9 trillion in 2017, up 32 percent in the last year, according to Investment Company Institute, a trade group. So why are so few ETFs offered in workplace retirement plans? Of the $5 trillion in assets in company-sponsored 401(k) plans, two-thirds are held in mutual funds, the ICI says. ETF assets, meanwhile, are a mere fraction of the pool left over, with the exact percentage not tracked publicly….

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ADP Business CEO Investor Ackman president 

ADP CEO slams Ackman’s research and ‘spoiled brat’ antics

August 10, 2017 By Michael Flaherty NEW YORK (Reuters) – The CEO of Automatic Data Processing Inc ADP.O slammed investor William Ackman on Thursday, likening the hedge fund manager to a “spoiled brat,” and skewering the billionaire’s research efforts into the payroll processor. ADP CEO Carlos Rodriguez, in an interview with CNBC, called his interactions with Ackman “baffling and surreal.” Rodriguez took several pot shots at the investor, saying Ackman was relying on disgruntled employees for research and that he prioritized a vacation over a meeting with ADP’s board. The…

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Business Exclusive British month president U.S. 

Exclusive: British banks’ turnaround plans frustrated by U.S. justice delays

August 8, 2017 By Lawrence White LONDON (Reuters) – Legal and investigative delays at the U.S. Department of Justice are thwarting efforts by three of Britain’s biggest banks to rehabilitate themselves after the global financial crash and other problems, the banks’ chief executives have said. Like their global competitors, Britain’s top banks have spent billions of dollars in fines, settlements and restructuring costs to deal with legal and financial fallout from the 2008 crisis. For Barclays , RBS and Standard Chartered , hopes that their unresolved cases in the United…

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bank BOJ Economy policy president Top News 

BOJ should dial back stimulus before inflation hits 2 percent: ex-BOJ deputy governor Iwata

August 8, 2017 By Leika Kihara TOKYO (Reuters) – The Bank of Japan should dial back its massive stimulus before inflation hits its 2 percent target, a leading candidate to become the next governor said, raising questions about the efficacy of the BOJ’s radical approach to snuff out deflation in the world’s third-largest economy. Former BOJ Deputy Governor Kazumasa Iwata criticized the central bank’s price forecasts as too optimistic and warned that even hitting 1 percent inflation could be challenging given a recent batch of weak price data. The comments…

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canada Economy president Top News U.S. United States 

U.S. lumber mill owners say ‘no hurry’ to reach deal with Canada

August 4, 2017 By David Lawder and Lesley Wroughton WASHINGTON (Reuters) – U.S. lumber mill owners said on Thursday they were “in no hurry” to reach a softwood lumber deal with Canada that fails to limit Canadian producers’ share of the U.S. market to a strict percentage. The owners of four lumber mills told Reuters that talks to end a decades-old dispute with Canada should stay on a separate track from negotiations to modernize the North American Free Trade Agreement that are due to start on Aug. 16. “We’re in…

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Boston City Hall case Entertainment John Fidler president Top News 

‘Top Chef’ host ‘paralyzed with fear’ by Teamsters: prosecutor

August 1, 2017 By Nate Raymond BOSTON (Reuters) – Four Teamsters union members threatened violence and shouted slurs to extort jobs from a production company filming “Top Chef” around the Boston area in 2014, leaving host Padma Lakshmi “paralyzed with fear,” a federal prosecutor said on Tuesday. Assistant U.S. Attorney Laura Kaplan told jurors in Boston federal court that the Teamsters members went beyond the legitimate right of unions to protest by trying to secure paid jobs for work the non-union company did not need. “This was all for wages…

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case Entertainment Mark Davis media president Top News 

Smiley faces to rolling eyes: Where do all those emojis come from?

July 28, 2017 By Jill Serjeant LOS ANGELES (Reuters) – Cheery Hi-5, a snobbish Poop and a conflicted Meh have starring roles in the animated “The Emoji Movie,” which imagines a world inside cellphones where emojis rebel against portraying just one emotion all their lives. Yet the dozen or so people who select and release the tiny, ubiquitous characters globally are far removed from the glitz of Hollywood, where the Sony Pictures movie, which begins its global rollout on Friday, was developed. The humans who toil in obscurity to shape…

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Entertainment Parks Associates president service Top News TV 

Streaming TV apps grapple with password sharing

July 12, 2017 By Lisa Richwine and Jessica Toonkel (Reuters) – More than one-fifth of young adults who stream shows like “Game of Thrones” or “Stranger Things” borrow passwords from people who do not live with them, according to a Reuters/Ipsos poll, a finding that suggests media companies are missing out on significant revenue as digital viewership explodes. Twenty-one percent of streaming viewers ages 18 to 24 said they had accessed at least one digital video service such as Netflix Inc, HBO Now or Hulu by using log-in credentials from…

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Business KAR Manheim Matt Trapp president U.S. 

Let’s make a deal: Automakers, U.S. auctions align to prop up used car prices

July 7, 2017 By Nick Carey CARLETON, Mich. (Reuters) – Two lanes apart at a noisy, fast-paced auto auction near Detroit, two vehicles show why major U.S. automakers have a problem with used cars. In one lane of the Manheim auction facility, a black 2015 Chevy Malibu sedan with barely 20,000 miles on it sold for just over $13,000, less than half its original sticker price. In the other lane, a white 2013 Chevy Silverado pick-up truck sold for $11,500 – despite having 200,000 miles on the odometer. America’s renewed…

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