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Dow Slips on Profit Taking, Data Showing Fragile Consumer

By Yasin Ebrahim The Dow retreated Tuesday as economic data pointing to underlying weakness in the consumer during the crucial holiday period weighed on sentiment and overshadowed the approval of the $900 billion stimulus package on Capital Hill. The Dow Jones Industrial Average fell 0.27%, or 81 points. The S&P 500 was up 0.01%, while the Nasdaq Composite rose 0.39%. The Conference board’s consumer...

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Siemens Energy has no plans to sell Siemens Gamesa – Handelsblatt

FRANKFURT (Reuters) - Siemens Energy has no plans to sell all or parts of Siemens Gamesa, CEO Christian Bruch told German business newspaper Handelsblatt, following earlier reports it had received approaches for the wind turbine business. "No, there are no plans currently to do that," Bruch was quoted as saying. "Wind power and therefore Siemens Gamesa is an integral part of...

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Canada shares higher at close of trade; S&P/TSX Composite up 0.31%

Investing.com – Canada equities were higher at the close on Tuesday, as gains in the IT, Clean Technology and Consumer Discretionary sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.31%. The biggest gainers of the session on the S&P/TSX Composite were Lightspeed POS Inc (TSX:LSPD), which rose 11.68% or 9.08 points to trade at...

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Britain, Canada strike short-term deal to avoid post-Brexit tariffs

OTTAWA (Reuters) - Canada and Britain said they struck a short-term deal on Tuesday to ensure that free trade between the two after Brexit can continue until the Canadian parliament approves a new bilateral agreement. As Britain prepares to end its transition out of the European Union on Dec. 31, it has negotiated many roll-over bilateral deals to maintain trade, including with...

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Dow Ends Lower as Bulls Take Profit on Signs of Consumer Stumble

By Yasin Ebrahim The Dow closed lower Tuesday as signs the consumer is in fragile shape during the crucial holiday period weighed on sentiment and overshadowed the approval of the $900 billion stimulus package on Capitol Hill. The Dow Jones Industrial Average fell 0.67%, or 200 points. The S&P 500 was down 0.21%, while the Nasdaq Composite rose 0.51%. The Conference board’s consumer confidence...

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Data, Joblessness, Bye Barr: 3 Things to Watch

By Christiana Sciaudone Investing.com -- Markets slipped with weakness appearing among consumers in what is usually the biggest shopping season of the year.   The Conference Board’s consumer confidence gauge fell to 88.6 in December from 92.9 in September, missing economists' forecast of 97.  U.S. lawmakers passed a $900 billion stimulus bill, but any optimism on that was muted by concerns a mutant strain...

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Musk tweets he reached out to Apple’s Tim Cook for acquiring Tesla

(Reuters) - Silicon Valley billionaire Elon Musk said on Tuesday he reached out to Apple Inc (NASDAQ:AAPL)'s Tim Cook "during the darkest days of the Model 3 program" to discuss the possibility of Apple acquiring Tesla Inc for "1/10th of our current value." "He refused to take the meeting," said Musk replying to a Twitter chain which cited a Reuters story on...

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Tableware fit for a Queen goes up for auction

(Reuters) - Miniature tableware designed for a royal doll's house at Britain's Windsor Castle went up for auction on Tuesday along with a full sized dinner service made for French emperor Napoleon Bonaparte. The sale, by the British company that created the items, also includes glassware celebrating the coronations of Queen Elizabeth II, George VI and even Edward VIII, who abdicated before...

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U.S. sues Walmart accusing retailer of helping to fuel opioid crisis

By David Shepardson and Mark Hosenball WASHINGTON (Reuters) -The U.S. Justice Department sued Walmart (NYSE:WMT) Inc on Tuesday, accusing the retailer of fueling the opioid crisis in the United States, ignoring warning signs from its pharmacists and filling thousands of invalid prescriptions. In a civil lawsuit filed in U.S. District Court in Delaware, the department accused Walmart of failing to take its...

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Daimler prepares listing of trucks business – Handelsblatt

FRANKFURT (Reuters) - German luxury carmaker Daimler is preparing a stock market listing of its trucks division, business newspaper Handelsblatt reported, citing company sources. The unit could be floated at the end of 2021, the sources said, adding division head Martin Daum is likely to get an early extension of his contract by three years as part of the plans. Daimler was...

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