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Google Business NewsOct 25, 2020
Live: Trump Delivers Remarks At New Hampshire Rally | NBC News - NBC News
Live: Trump Delivers Remarks At New Hampshire Rally | NBC News  NBC NewsTrump to hold what might be his last campaign rally ever in New Hampshire on Sunday  Boston.comPresident Donald Trump holds reelection rally in New Hampshire  WCVB BostonTrump to visit Bangor on Sunday - Portland Press Herald  Press Herald

Yahoo BusinessOct 25, 2020
Amazon Wins Order to Stall $3.4 Billion Reliance-Future Deal
(Bloomberg) -- Amazon.com Inc. secured relief in its dispute with Future Group after a court put a temporary hold on Future's $3.4 billion sale deal with Indian billionaire Mukesh Ambani's Reliance Industries Ltd.An arbitration court in Singapore restrained Future Retail Ltd. and its founders from going ahead with the sale of assets, according to people with knowledge of the matter, who asked not to be identified as the proceedings were private. The ruling was on Amazon's request for an interim order before main tribunal hearings start.In an emailed statement late Sunday in Mumbai, Amazon said it got all the relief it sought, without providing specifics. "We welcome the award of the Emergency Arbitrator," Amazon said. "We remain committed to an expeditious conclusion of the arbitration process."Representatives for the Future Group declined to immediately comment when reached outside of business hours in India.The ruling marks some respite for the American e-commerce giant as it seeks to halt India's biggest retail deal that can give Ambani, Asia's richest man, unparalleled dominance in the race for India's estimated $1 trillion retail market. Ambani's Reliance is already India's biggest brick-and-mortar retailer and has ambitious plans for the online segment, where it'll take on Amazon.Battle LinesAmazon drew the battle lines earlier this month when it accused its partner, Future Group, of violating a contract by agreeing to a buyout by Reliance. The deal was a bailout for the Future Group, which

MarketWatch MarketPulseOct 23, 2020
Intel stock downgraded at Bank of America: 'No easy fix' for manufacturing woes, analyst says
Shares of Intel Corp. are down 10.7% in Friday morning trading after the company posted September-quarter results that showed a bigger drop off in data-center sales than analysts were expecting. Bank of America Merrill Lynch analyst Vivek Arya downgraded the stock to underperform from neutral following the report, writing that there seemed to be "no easy fix" to the company's manufacturing issues as the company also faces competitive challenges. The report highlighted "no plan/update to fix manufacturing challenges at next-gen 7-nanometer, with continued low yields at current-gen 10-nanometer process," Arya wrote. He's also concerned about "increasing competition from faster, nimbler fabless competitors such as Nvidia , AMD , ARM-based suppliers and others" that have capitalized on the foundry ecosystem. "We admire Intel's incumbency, portfolio breadth, balance sheet/[free-cash flow] and strategic US-based manufacturing," Arya wrote, but he worries about the "uncertainty of roadmap execution," which he said could hurt Intel's strong value share in the PC and data-center markets while also pressuring earnings growth. He also wonders if Intel is "too big" to move to a fabless model, as it "isn't clear if any foundry has either the spare capacity to make Intel's multiple [tens of billions of dollars] of transistors, or the desire to help a competitor only for a small timeframe while it improves its internal process and then leaves behind an empty fab." Arya lowered his price objective on the stock to $45 from $60. The stock has declined 20% over the past three months as the Dow Jones Industrial Average , of which Intel is a component, has risen 6.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters Company NewsJun 18, 2020
UK to use Google-Apple model for tracing app in U-turn - BBC
The British government will abandon the centralised model of its coronavirus test-and-trace app and switch to one based on technology provided by Apple and Google, the BBC reported on Thursday.
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