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Two U.S. pipelines rack up violations, threaten industry growth

MEDIA, PENNSYLVANIA (Reuters) – Energy Transfer LP (ET.N) and its Sunoco pipeline subsidiary have racked up more than 800 state and federal permit violations while racing to build two of the nation’s largest natural gas pipelines, according to a Reuters analysis of government data and regulatory records. Construction takes place after sinkholes…

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Car market collapse outruns GM moves to keep up

DETROIT (Reuters) – General Motors Co’s monumental announcement on Monday that it will close three car assembly plants in North America and slash its workforce will only partially close the gap between capacity and demand for the automaker’s sedans, according to a Reuters analysis of industry production and capacity data. FILE PHOTO:…

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U.S. third-quarter GDP growth unrevised at 3.5 percent

WASHINGTON, Nov 28 (Reuters) – FILE PHOTO: Crews load and unload consumer products at the Port of New Orleans along the Mississippi River in New Orleans, Louisiana June 23, 2010. REUTERS/Sean Gardner The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep…

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Detroit Three narrowing car production in North America

(Reuters) – General Motors Co and fellow Detroit automakers Ford Motor Co and Fiat Chrysler Automobiles NV continue to winnow production of cars in North America as demand for traditional sedans wanes. GM announced on Monday it will halt production at three North American assembly plants and slash thousands of jobs. After…

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Futures lower as U.S.-China trade tensions resurface

(Reuters) – U.S. stock index futures dipped on Tuesday following a rally in the previous session after President Donald Trump said he would go ahead with additional tariffs on Chinese goods, dampening hopes of resolving the ongoing trade dispute. Traders work on the floor at the New York Stock Exchange (NYSE) in…

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H&M to close down its struggling Cheap Monday brand

STOCKHOLM (Reuters) – H&M HMB.ST, the world’s second-biggest fashion retailer, said on Tuesday it would close down its struggling independent brand Cheap Monday. An H&M sign is pictured during Black Friday shopping in New York City, New York, U.S., November 23, 2018. REUTERS/Carlo Allegri H&M in 2008 bought Fabric Scandinavien AB, the…

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Trade tensions pause stocks rally

LONDON (Reuters) – World stock markets fought to keep a rebound alive on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, clouding what had been a bright start to the week. European markets opened subdued, but dipped as trading progressed, with the pan-European STOXX…

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EU trade chief urges U.S. to join talks on WTO reform

BRUSSELS (Reuters) – The European Union called on Washington on Tuesday to start talking over ways of reforming the World Trade Organization to prevent a paralysis of the international body. European Trade Commissioner Cecilia Malmstrom attends an interview with Reuters in Geneva, Switzerland June 4, 2018. REUTERS/Denis Balibouse – RC1E163C7000 The EU…

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Oil prices steady near year lows ahead of G20 and OPEC

LONDON (Reuters) – Oil prices steadied on Tuesday, depressed by record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. FILE PHOTO: Oil tankers wait to dock at Tupras refinery near the northwestern Turkish city of Izmit, Turkey, June 28, 2017.…

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