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Strong demand for Samsung’s Galaxy Note 7 tests supply chain

By Se Young Lee SEOUL (Reuters) – Better-than-expected demand for Samsung Electronics Co Ltd's new Galaxy Note 7 is causing supply constraints globally, the South Korean tech giant said

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Strong demand for Samsung’s Galaxy Note 7 tests supply chain

VW, suppliers settle dispute after marathon talks

By Andreas Cremer BERLIN (Reuters) – Volkswagen and two of its parts suppliers on Tuesday resolved a contract dispute that had hit output at more than half of the carmaker's German plants and threatened to undermine its recovery from a diesel emissions scandal. After more than 20 hours of negotiations that went on through the night, VW said it had settled its differences with CarTrim, which makes seats, …

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VW, suppliers settle dispute after marathon talks

UBS leads team of banks working on blockchain settlement system

By Jemima Kelly LONDON (Reuters) – Swiss bank UBS is leading a team of four of the world's biggest banks developing a system to enable financial markets to make payments and settle transactions quickly using blockchain technology. UBS has developed a “Utility Settlement Coin” (USC), which is a digital cash equivalent of each of the major currencies backed by central banks, such as the dollar or euro, rather than a decentralized new digital currency such as bitcoin. The USC would be convertible at parity with a…

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UBS leads team of banks working on blockchain settlement system

Daimler adopts Silicon Valley tactics to counter new rivals

Mercedes-Benz maker Daimler is embracing Silicon Valley management techniques in a drive to speed up decision making, empower staff and fend off new rivals such as electric carmaker Tesla Motors . Chief Executive Dieter Zetsche is sweeping away layers of bureaucracy and encouraging a more experimental approach to new products. The changes will be closely watched by rivals such as BMW and Audi as traditional carmakers weigh up how to respond to new technologies including autonomous driving and electric vehicles that have turned firms like Google and Tesla into rivals…

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Daimler adopts Silicon Valley tactics to counter new rivals

Tesla touts speed and driving range with new upgraded battery

SAN FRANCISCO/WASHINGTON (Reuters) – Tesla Motors Inc crowned itself the maker of the world's fastest production car on Tuesday, saying a new version of its Model S all-electric sedan can accelerate from 0-60 miles per hour in just 2-1/2 seconds. Tesla Chief Executive …

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Tesla touts speed and driving range with new upgraded battery

GM asks judge to throw out ignition switch case over ‘fabricated’ key

General Motors Co on Monday asked a Texas judge to throw out a lawsuit over a fatal 2011 crash blamed on a faulty ignition switch, accusing plaintiffs and their lawyers of fabricating evidence about the vehicle’s key during the ongoing trial. According to a GM court filing, plaintiffs Zachary Stevens and his parents and their lawyers showed jurors in Harris…

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GM asks judge to throw out ignition switch case over ‘fabricated’ key

U.S. appeals court declines to reconsider Bank of America ruling

A U.S. appeals court refused on Monday to reconsider its decision to overturn a $1.27 billion penalty against Bank of America Corp and a jury verdict finding it liable for mortgage fraud leading up to the 2008 financial crisis. The 2nd U.S. Circuit Court of Appeals in New York rejected a petition by Manhattan U.S. Attorney Preet Bharara's office to have a three-judge panel rehear the case and give the government at least an opportunity to seek a new trial. Bharara's office had argued…

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U.S. appeals court declines to reconsider Bank of America ruling

Pfizer boosts cancer drug roster with $14 billion Medivation deal

Medivation shares were up 20 percent at $80.43 in afternoon trading, just shy of the offer price of $81.50 per share. Shares of Pfizer, the largest U.S. drugmaker, were down 0.5 percent at $34.82. The offer is a 55-percent premium to Sanofi SA's initial offer to buy Medivation for $52.50 in April that pushed the San Francisco-based company to put itself up for sale.

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Pfizer boosts cancer drug roster with $14 billion Medivation deal

U.S. clearance of ChemChina’s Syngenta deal removes key hurdle

Several U.S. lawmakers and groups representing farmers had expressed fears over a Chinese state-owned company being in a position to influence the U.S. food supply. Syngenta shares jumped as much as 12.5 percent on the news and ended trading on Monday up 10.6 percent at 421.20 Swiss francs ($437.9). ChemChina's $465 per share cash offer values the company at around 448 Swiss francs per share at current exchange rates, plus a special five-franc dividend

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U.S. clearance of ChemChina’s Syngenta deal removes key hurdle

Federal Reserve under growing pressure to reform system, goals

The U.S. Federal Reserve has two guiding goals when designing monetary policy: maximum employment and stable inflation. At this year's flagship economic policy conference, from Aug. 25 to 27, U.S policymakers will confer not only with their counterparts from around the world but also host…

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Federal Reserve under growing pressure to reform system, goals

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