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Mattel shares plunge on 2019 forecast

FILE PHOTO: A worker carries Barbie dolls to put them on the shelves at a toy store in Caracas November 14, 2014. REUTERS/Carlos Garcia Rawlins/File Photo (Reuters) – Mattel Inc said on Friday 2019 gross sales were expected to be flat, with weakness in Thomas & Friends and American Girl offseting comparatively…

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Amazon places big bet on aspiring Tesla rival Rivian

DETROIT/SAN FRANCISCO (Reuters) – Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant’s biggest bet on technologies with potential to reshape the automotive sector. FILE PHOTO: Rivian introduces R1T all-electric pickup truck at Los Angeles Auto…

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Wall Street rallies on trade hopes

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China…

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Amazon pulls the plug on New York headquarters

(Reuters) – Amazon.com Inc abruptly scrapped plans for a new headquarters in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians. The company said on Thursday it did not see consistently “positive, collaborative” relationships…

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General Electric scraps plan for 12-story Boston headquarters

FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File Photo NEW YORK (Reuters) – General Electric Co scrapped plans for a 12-story headquarters office tower on Boston’s waterfront on Thursday, choosing instead to lease…

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Wall Street rises on trade hopes, inflation data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – Wall Street closed higher on Wednesday as investors were hopeful that the United States and China could iron out a trade deal and as benign inflation data…

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