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Uber makes confidential filing for long-awaited IPO

NEW YORK/SAN FRANCISCO, (Reuters) – Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley. FILE PHOTO: The Uber application is…

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Explainer: How does extradition to the U.S. work?

(Reuters) – The arrest in Canada of a top Chinese technology executive for possible extradition to the United States has roiled markets and cast doubt on a recent U.S.-China trade truce. FILE PHOTO – Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital…

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Trump: ‘China talks are going very well’

U.S. President Donald Trump speaks at a Hanukkah reception as Vice President Mike Pence looks on in the East Room of the White House in Washington, U.S. December 6, 2018. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. President Donald Trump on Friday sounded an optimistic note about negotiations with China on trade issues,…

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Wall St. dips at open after jobs data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. stocks pulled back from steeper losses in futures trading to open slightly lower on Friday after a U.S. jobs report that was tepid enough to lower bets for…

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Instant View: U.S. November payrolls lower than expected

(Reuters) – U.S. job growth slowed in November and monthly wages increased less than expected, suggesting some moderation in economic activity that could support expectations of fewer interest rate increases from the Federal Reserve in 2019. KEY POINTS: * Total payrolls rose 155,000 vs 200,000 estimate and downwardly revised 237,000 prior (original…

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Oil surges 5 percent as OPEC agrees output cut

LONDON (Reuters) – Oil prices jumped more than 5 percent on Friday as big Middle East producers in OPEC agreed to reduce output to drain global fuel inventories and support the market. A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann Benchmark Brent crude oil…

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Europe should be afraid of Huawei, EU tech official says

BRUSSELS (Reuters) – The European Union should be worried about Huawei [HWT.UL] and other Chinese technology companies because of the risk they pose to the bloc’s industry and security, the EU’s technology commissioner said on Friday. European Commission Vice-President Andrus Ansip attends the GovTech Summit at Paris city hall, France, November 12,…

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Sears Chairman Lampert offers to buy bankrupt retailer

FILE PHOTO: The Sears logo is seen outside a store in Brooklyn, New York, U.S., October 10, 2018. REUTERS/Shannon Stapleton/File Photo (Reuters) – Sears Holdings Corp (SHLDQ.PK) Chairman Eddie Lampert’s ESL Partners LP has submitted a $4.6 billion bid to buy the bankrupt retailer, the hedge fund said on Thursday. Sears, which…

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