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Reuters BusinessFeb 20, 2020
Foxconn says cautiously resuming China output, warns coronavirus will hit revenue
Apple iPhone maker Foxconn said on Thursday it is cautiously restarting production at its main plants in China and warned revenue will be hurt this year by the coronavirus epidemic.

Reuters Company NewsFeb 20, 2020
REFILE-Taiwan's Foxconn warns of negative revenue impact from virus outbreak
Taiwan's Foxconn on Thursday said a coronavirus outbreak will lead to lower full-year revenue and the company will "cautiously" resume output at its main factories in China that were shut because of the outbreak.

Yahoo BusinessFeb 20, 2020
Elon Musk Bought $10 Million of Tesla Shares on Valentine's Day
(Bloomberg) -- Elon Musk bought 13,037 Tesla Inc. shares for $10 million on Feb. 14, according to a filing with the U.S. Securities and Exchange Commission.Musk purchased the shares at an average of $767 each, raising his holding to 34.1 million, or 18.5% of the Palo Alto-based company. Tesla's shares have soared more than doubled this year and closed at a record high of $917.42 on Wednesday.The rally, initially fueled by a surprise third-quarter profit, has left Tesla with a market value greater than that of General Motors Co., Volkswagen AG and Fiat Chrysler Automobiles NV combined. Traders are realizing the dangers of betting against the company: roughly 15% of its shares available for trading are short, the lowest in at least a year, according to S3 data.Musk was in Shanghai at the start of the year to open Tesla's first manufacturing facility outside the U.S. The coronavirus outbreak in China led to a halt in production at the facility, though operations restarted last week.To contact Bloomberg News staff for this story: Harry Suhartono in Jakarta at hsuhartono@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Will DaviesFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


Accounting TodayFeb 19, 2020
IRS plans visits to high-income taxpayers who didn't file returns
Internal Revenue Service officials said Wednesday they will be visiting approximately 800 taxpayers who earn over $100,000 a year and haven't filed one or more tax returns in prior years.
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