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Lights out for Credit Suisse’s ‘Light Pool’ stock trading venue

Credit Suisse is the latest bank to shutter one of its private U.S. stock trading venues, as increasing regulatory scrutiny makes it harder to justify the costs of running such trading systems. Credit Suisse on Tuesday confirmed through a spokeswoman that it had shuttered its alternative trading system known as Light Pool on Nov. 18 after a strategic review of its algorithmic trading offerings. Credit Suisse also runs Crossfinder, the No. 2 U.S. alternative trading system and has no plans to

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Lights out for Credit Suisse’s ‘Light Pool’ stock trading venue

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GM delivers its first Bolt electric car in Tesla’s backyard

This allows the Detroit automaker to claim first place in the race to deliver an electric car that can run for more than 200 miles on a charge and has a starting price below $40,000. Tesla Chief Executive Officer Elon Musk has promised its entry in this new segment, the Model 3, will go into production in July.

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GM delivers its first Bolt electric car in Tesla’s backyard

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SolarCity slashing costs, including CEO pay

SolarCity Corp on Wednesday said it would cut operating costs, including slashing its chief executive's salary, to bring expenses in line with its reduced solar installation outlook. The company said Chief Executive Officer Lyndon Rive and his brother, Chief Technology Officer Peter Rive, had asked to have their annual salaries reduced to $1

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SolarCity slashing costs, including CEO pay

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Top Android news of the week: New malware hits Android, Apple lawsuit tossed, ASUS ad blocking

This week in Android came news of new malware that targets Android, you can no longer yell at Cortana, and ASUS will default ad blocking.

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Top Android news of the week: New malware hits Android, Apple lawsuit tossed, ASUS ad blocking

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Oil above $37 as U.S. supply tightens, still near 11-year low

“Some traders playing spot on the downside are getting out and calling it a year,” said Tariq Zahir, managing partner at Tyche Capital Advisors. Oil demand in 2015 was exceptionally high and at current prices, demand is going to remain strong next year,” said Olivier Jakob, analyst at Petromatrix. Crude inventories, which were expected to rise, fell 5.88 million barrels, the Energy Information Administration said.

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Oil above $37 as U.S. supply tightens, still near 11-year low

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Valeant says CEO J. Michael Pearson hospitalized with severe pneumonia

Valeant Pharmaceuticals International Inc Chief Executive J. Michael Pearson was hospitalized with a “severe case of pneumonia” on Friday and is receiving treatment, a company spokeswoman said. Pearson, 56, joined Valeant as CEO in September 2010 after a 23-year career at McKinsey & Company and became chairman of the board in 2010. Under Pearson's leadership, the company has come

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Valeant says CEO J. Michael Pearson hospitalized with severe pneumonia

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Philips in lighting partnerships with Cisco, SAP and Bosch

AMSTERDAM (Reuters) – Philips has entered strategic partnerships with Cisco , SAP and Bosch [ROBG.UL] under which the Dutch company will become a preferred supplier of networked lights.

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Philips in lighting partnerships with Cisco, SAP and Bosch

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Yahoo will not spin off Alibaba stake, weighs core business sale: CNBC

SAN FRANCISCO/BENGALURU (Reuters) – Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Group Holding Ltd , CNBC reported, with an announcement coming as soon Wednesday. The moves represent a stark rejection of Chief Executive Officer Marissa Mayer's plan to sell the $30 billion Alibaba stake and to

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Yahoo will not spin off Alibaba stake, weighs core business sale: CNBC

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Bernanke, Trichet, Brown join Pimco advisory board

Ben Bernanke, who chaired the U.S. Federal Reserve from 2006 to 2014 and was named a senior Pimco adviser in April, will lead the Pimco Global Advisory Board. The board also includes Jean-Claude Trichet, president of the European Central Bank from 2003 to 2011, and Gordon Brown, the U.K. prime minister from 2007 to 2010. Pimco, a unit of Allianz SE , had about $1.47 trillion of assets

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Bernanke, Trichet, Brown join Pimco advisory board

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Yum CFO to leave in February, amid China spinoff

LOS ANGELES (Reuters) – Yum Brands Inc Chief Financial Officer Patrick Grismer will resign effective Feb. 19, the parent of the KFC, Taco Bell and Pizza Hut restaurant brands said on Monday.

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Yum CFO to leave in February, amid China spinoff