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Tesla owner files lawsuit in California claiming sudden acceleration

Tesla Motors Inc was sued on Friday by a Model X owner who said his electric SUV suddenly accelerated while being parked, causing it to crash through the garage into the owner's living room, injuring the driver and a passenger. The Model X owner, Ji Chang Son, said that one night in September, he slowly pulled into his driveway as his garage door opened when the car suddenly sped forward. It cites seven other complaints registered in a database compiled by the National Highway Traffic Safety …

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Tesla owner files lawsuit in California claiming sudden acceleration

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Actelion shares gain on report of progress in Sanofi talks

Swiss biotech group Actelion's shares rose by more than 3 percent on Wednesday following a report that talks with Sanofi are making progress, increasing optimism that the two will strike a deal. Analysts at Basler Kantonalbank and Thurguaer Kantonalbank

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Actelion shares gain on report of progress in Sanofi talks

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Rolls-Royce denies UK media report over past Iran sales

British engineering company Rolls-Royce denied a report in The Guardian newspaper on Wednesday that it had in the past sold equipment to Iran by exploiting a series of loopholes in U.S. sanctions. “Rolls-Royce refutes any accusation that it has traded 'in secret' in Iran or that it circumvented U.S. sanctions,” said a Rolls-Royce spokesman in an emailed statement. “We conduct

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Rolls-Royce denies UK media report over past Iran sales

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Oft-divided SEC speaks with one voice when suing corporations: records

The U.S. Securities and Exchange Commission has released a collection of internal voting records, long held secret, that reveal it to be less divided than is commonly thought. The new data reveal that the agency's commissioners vote unanimously almost every time they

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Oft-divided SEC speaks with one voice when suing corporations: records

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FCC will not say if agency will review AT&T purchase of Time Warner

U.S. Federal Communications Commission Chairman Tom Wheeler on Thursday declined to say if he thinks the commission will review AT&T's proposed $85.4 billion purchase of Time Warner Inc. At a press conference, Wheeler called questions hypothetical, since nothing has been filed. Some analysts have suggested that since Time Warner only holds one broadcast license and some satellite licenses that the transaction could avoid a full-scale review by the FCC. “We ought to see how things develop,” Wheeler said, declining to …

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FCC will not say if agency will review AT&T purchase of Time Warner

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Twitter beats estimates, cuts jobs with eye on 2017 profitability

The company is “more disciplined about how we invest in the business” and intends to be profitable in 2017, said Chief Financial Officer Anthony Noto. Among its priorities, Twitter is dedicated to growing its burgeoning live video offerings through partnerships with organizations such as the National Football League, Noto said. Twitter, which has seen user growth stall amid competition from nimbler rivals such as

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Twitter beats estimates, cuts jobs with eye on 2017 profitability

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Chinese consumers take credit for boom in car loans

By Jake Spring BEIJING (Reuters) – Chinese households, traditional savers with an aversion to debt, are rapidly warming to the idea of borrowing to buy a car, as automakers push financing deals to boost sales and margins in an increasingly competitive market.

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Chinese consumers take credit for boom in car loans

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Microsoft gets support in gag order lawsuit from U.S. companies

By Dustin Volz WASHINGTON (Reuters) – Technology, media, pharmaceutical and other companies, along with major corporate lobbying groups, filed legal briefs on Friday in support of a Microsoft Corp lawsuit that aims to strike down a law preventing companies from telling customers the government is seeking their data. Microsoft's backers included the U.S. Chamber of Commerce, the National Association of Manufacturers, Delta Air Lines …

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Microsoft gets support in gag order lawsuit from U.S. companies

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Greece could lift capital controls by year-end: bank association head

Greece could lift most or all capital controls imposed at the height of the euro zone crisis by the end of the year, the head of the country's banking association said on Saturday. More than 50 billion euros left banks from November 2014 to July last year…

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Greece could lift capital controls by year-end: bank association head

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Explosion reported at Kia plant in Mexico, at least three injured

An explosion struck a Kia Motors factory in northern Mexico on Saturday, injuring at least three workers after an accumulation of gas ignited, a local emergency services official told Reuters. Luis Felipe Puente, the national director of emergency services, confirmed that some workers at

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Explosion reported at Kia plant in Mexico, at least three injured

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