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PM Johnson announces new national lockdown in England

LONDON (Reuters) - British Prime Minister Boris Johnson announced a new national COVID-19 lockdown in England on Monday, instructing people to stay at home to contain a more contagious variant of the coronavirus. "We must therefore go into a national lockdown, which is tough enough to contain this variant," Johnson said in a televised address. "That means the government is once again...

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Amazon, Berkshire, JPMorgan healthcare joint venture to shut business next month

(Reuters) - The joint venture of Amazon.com Inc (NASDAQ:AMZN), Berkshire Hathaway (NYSE:BRKa) Inc and JPMorgan Chase & Co (NYSE:JPM) will cease to exist at the end of February, three years after the companies came together hoping to clamp down escalating healthcare cost. The inception of Haven had jolted the shares of several healthcare companies that feared that Amazon might disrupt traditional insurance...

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Dow Falls as New Virus Variant Continues Spread, Senate Race Heats Up

By Yasin Ebrahim Investing.com – The Dow slipped Monday as a close race in the Georgia Senate runoff elections raised concerns over the prospect of a Democrat-controlled Congress that would likely usher in higher taxes at a time when the new strain of Covid-19 continues to spread.   The Dow Jones Industrial Average fell 1.25%, or 382 points, though was had fallen 724 points intraday....

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Google employees form labor union in United States

By Paresh Dave and Ayanti Bera OAKLAND, Calif. (Reuters) -More than 200 employees and contractors at Google parent Alphabet (NASDAQ:GOOGL) Inc in the United States and Canada have formed a labor union to promote workplace equity and ethical business practices, the group's elected leaders said on Monday. The "Alphabet Workers Union" will...

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Bill Gates-Backed Battery Bet Plunges 40%

By Christiana Sciaudone Investing.com -- Electric-car battery developer Quantumscape Corp (NYSE:QS)'s shares plunged as much as 40% on Monday, the largest drop in its short life. QuantumScape, for those who don't know, was until now an almost $50 billion market cap company after shares had surged more than 250% since its Nov. 27 merger with a blank-check company. That valuation put it above...

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Aldi UK’s premium products drive record Christmas

LONDON (Reuters) - The British arm of German discount supermarket group Aldi said on Monday its sales rose 10.6% year-on-year in the four weeks to Dec. 24, with a spike in demand for premium products helping deliver a record Christmas performance. All UK supermarket groups benefited in the run-up to Christmas from unprecedented...

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Foxconn to make electric SUVs with Byton

BEIJING (Reuters) - Cash-strapped Chinese startup Byton, Apple (NASDAQ:AAPL) assembler Foxconn and the Nanjing Economic and Technological Development Zone have agreed to start building electric sport-utility vehicles in 2022, according to a statement on Monday. Young Liu, chairman of Foxconn said in the statement that the partnership with Byton will be a key part in Foxconn's strategy in electric vehicle (EV) industry....

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Stanley Black & Decker Faces Increasing Competition, Risks Ahead: BofA

By Christiana Sciaudone Investing.com --  Stanley Black & Decker (NYSE:SWK) dropped 4% as intensifying competition prompted a downgrade. The stock was lowered to a sell-equivalent from neutral with a price target lowered to $175 from $187 by Bank of America (NYSE:BAC) analyst Ross Gilardi, according to StreetInsider. Rival Techtronic is growing faster and fortifying its position at the Home Depot ...

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Victoria’s Secret Owner Delivering on Turnaround Plans: JPM

By Christiana Sciaudone Investing.com --  L Brands (NYSE:LB) popped after JPMorgan (NYSE:JPM) said it still sees hope for the underwear maker. Shares rose 7% to their highest in about three years. Analyst Matthew Boss maintained an overweight rating on the Victoria's Secret parent, while nudging the price target to $54 from $53, according to TheFly.  L Brands has more than doubled over the...

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Volkswagen hires utility executive to lead electric charging unit

FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p) has hired Elke Temme, a long-time executive at Germany's top utility RWE, to head the carmaker's newly created division for energy and electric vehicle charging, it said on Monday. Temme's move is the latest illustration of the growing convergence of the autos and energy sectors amid an expected boom in demand for electric vehicles. Most recently, Temme...

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