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Dick Morris to Newsmax: DirecTV's 'Outrageous Act of Political Censorship'
Denouncing DirecTV's "outrageous act of political censorship," presidential campaign adviser Dick Morris tells Newsmax viewers to not to just get mad, but get even, as DirecTV ostensibly tries to deplatform Donald Trump's 2024 campaign rallies.
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Bed Bath & Beyond's Efforts to Find Buyer Stall
Bed Bath & Beyond Inc.'s efforts to find a buyer ahead of a likely bankruptcy filing have stalled, Bloomberg News reported Friday.
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Intel's 'Historic Collapse' Erases $8 Billion From Market Value
Intel Corp. saw about $8 billion wiped off its market value Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal computer market.
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SEC Probes Musk's Role in Tesla Self-Driving Claims
The U.S. securities regulator is investigating Elon Musk's role in shaping EV maker Tesla's self-driving claims, Bloomberg News reported Friday, citing a person with knowledge of the matter.
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3rd Trader Joe's Votes to Unionize
A Trader Joe's store in Louisville, Kentucky, has become the grocery chain's third to vote to unionize.Workers at the store voted 48-36 in favor of the union Thursday evening, according to the National Labor Relations Board, which conducted the election.
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Boeing to Hire 10,000 in 2023
Boeing expects to hire 10,000 workers in 2023 as it recovers from the pandemic and increases jetliner production, but will trim some support jobs, the U.S. planemaker said Friday.
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Goldman Slashes CEO's Pay to $25 Million
Goldman Sachs Group Inc. slashed compensation for its Chief Executive Officer David Solomon by 29% to $25 million for 2022, the bank said in a filing Friday.
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Apple Software to Help Users Build Mixed-Reality Apps
Apple Inc. is developing software to help users of its upcoming mixed-reality (MR) headset build their own augmented reality apps, the Information reported Friday.
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Ford Recalls 462,000 Cars for Rear Camera Failure
Ford Motor Co. said Friday it is recalling 462,000 vehicles worldwide because video output may fail, preventing the rearview camera image from displaying.
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CVS, Walmart to Cut Pharmacy Hours
A nationwide pharmacist shortage is causing CVS and Walmart to cut their pharmacy hours.
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AmEx Profits Fall 9% as Customers Fall Behind on Payments
American Express saw its first quarter profits fall by 9%, as the credit card giant had to set aside significantly more money to cover potentially bad loans.
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Google Faces Greater Threat of Forced Ad Unit Sale
The U.S. government is more likely to force Google to divest a key business with an antitrust lawsuit it filed this week than a group of states that has pursued a similar case for three years, legal experts said.
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Chevron Profit Doubles to Record $36.5B, But Misses Estimates
Chevron Corp. posted a record $36.5 billion profit for 2022 Friday that was more than double year-earlier earnings but fell shy of Wall Street estimates, undercut by an asset writedowns and a retreat in oil and gas prices.
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Intel 'Stumbled,' CEO Says; Shares Drop 9.5%
Intel Corp. said Thursday it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data center division.
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Low-Cost Fashion Chain H&M Reports 4Q Loss
Low-cost fashion brand H&M said Friday that shutting down its business in Russia and Belarus had a significant negative impact on its results, while increases in the costs of raw materials and freight and a strong U.S. dollar made purchases more expensive.
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Hasbro to Cut 1,000 Jobs in 2023
Hasbro Inc. said Thursday it would eliminate about 1,000 positions from its global workforce this year, or about 15% of full-time employees, as the toymaker looks to cut costs in a tough macroeconomic backdrop.
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Visa Profit Rises on Resilient Consumer Spending
Visa Inc. reported a rise in first-quarter profit on Thursday, helped by a jump in payment volumes as consumer spending held up despite a slowing economy.
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Bed Bath & Beyond in Default on Its Loans
Bed Bath & Beyond said Thursday that it's in default on its loans and doesn't have sufficient funds to repay what it owes.
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Mastercard Warns of Slower Growth as Travel Plateaus
Mastercard Inc. forecast current-quarter revenue growth short of Wall Street estimates on Thursday, saying the boost from pent-up demand for travel will diminish going forward.
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Luxury Giant LVMH Sales Rise 9% in Fourth Quarter
Luxury goods group LVMH posted a 9% rise in sales in the fourth quarter as shoppers in Europe and the United States splurged over the crucial holiday season, helping to offset COVID disruptions in China.
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Boeing Pleads Not Guilty to Fraud Charge in 737 MAX Arraignment
Boeing Co. pleaded not guilty on Thursday to a 737 MAX fraud conspiracy charge felony charge after families objected to a 2021 Justice Department agreement to resolve the investigation into the plane's flawed design.
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Chipotle to Hire 15,000
Burrito chain Chipotle Mexican Grill Inc. said Thursday it was looking to hire 15,000 new full and part-time restaurant workers across North America for its busiest time of the year - March to May.
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Southwest Air Warns of 1Q23 Loss After Meltdown
Southwest Airlines Thursday warned of a loss in the current quarter, as passengers shunned the carrier in the immediate aftermath of a tech meltdown that forced it to scrap thousands of flights between Christmas and New Year's Eve.
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Musk Bullish on Tesla Sales as Price Cuts Boost Demand
Tesla Inc.'s aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said Wednesday, playing down concerns that a weak economy would throttle buyers' interest.
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Newsmax CEO Ruddy: Stop DirecTV's 'Political Discrimination'
Calling Wednesday's outpouring of public and congressional support for Newsmax "heartwarming," Newsmax CEO and founder Christopher Ruddy delivered a firm message to viewers and leaders: The "political discrimination, deplatforming has to stop."