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American Airlines is moving ahead with furloughs, CEO says

American Airlines is moving ahead with 19,000 employee furloughs on Thursday, Chief Executive Doug Parker said in a memo to employees on Wednesday. U.S. airlines have asked the U.S. Congress

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U.S. oil refiner Marathon Petroleum cuts 12% of staff because of pandemic

Marathon Petroleum Corp MPC.N, the top U.S. oil refiner, is cutting 12% of its workforce amid continued declines in fuel consumption due to the COVID-19 pandemic, it said on Wednesday.

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Alphabet Inc’s Google launches Google TV, new Chromecast

Alphabet Inc’s Google on Wednesday launched Google TV, which would show content from streaming services including Netflix Inc and Walt Disney Co’s Disney+. The tech giant also unveiled a new

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Palantir valued at $20 billion in choppy stock exchange debut

Palantir Technologies Inc PLTR.N, the U.S. data analytics firm known for its work with the Central Intelligence Agency and other government agencies, was valued at $20.6 billion in a choppy

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HP is fined by SEC over manipulated sales of printing supplies

HP Inc will pay a $6 million civil fine to settle U.S. Securities and Exchange Commission charges it concealed efforts to boost sales of printing supplies in order to meet

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Former UAW president pleads guilty to embezzling union funds

Former United Auto Workers President Dennis Williams on Wednesday pleaded guilty to trying to embezzle union funds that prosecutors said he spent on Palm Springs vacations, golf, liquor and cigars.

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Stimulus hopes lead markets into tough fourth quarter

Renewed U.S. stimulus hopes lifted gold prices and global equity markets on Thursday, but relief talks faltered while an all-day outage on Tokyo’s Nikkei and a Brexit legal dispute provided

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