Business
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China cuts bank reserve requirement ratio to free up funding
by The Associated Press on June 25, 2018 at 2:25 am
BEIJING (AP) — China says it will cut the amount of money some banks are required to keep on hand in part to free up funding for small businesses, amid a brewing trade war with the United States. The central bank said the cut of 50 basis points, or half a percentage point, in the […]
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Responsible-investing champion Streur takes on the gun industry
by OLIVIA JADE CARVILLE on June 25, 2018 at 1:00 am
John Streur, chief executive of investment firm Calvert Research & Management, remembers exactly where he was when he learned of the shooting at Marjory Stoneman Douglas High School in Parkland, Florida. […]
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Is there a smarter path to artificial intelligence? Some experts hope so
by STEVE LOHR on June 25, 2018 at 12:00 am
Deep-learning technology is the hottest thing in AI. But the Seattle-based Allen Institute for Artificial Intelligence and other research groups, startups and computer scientists are focusing on approaches to AI that address some of deep learning’s weaknesses. […]
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After hiatus, Sony is back in the corporate-venture capital game
by Mike Freeman on June 25, 2018 at 12:00 am
Cassie to Sony Electronics’ San Diego campus this month for a showcase of companies recently backed by the Sony Innovation Fund — a relatively new, $100 million corporate-venture vehicle from the Japanese consumer- electronics giant. […]
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Inside a heist of Micron chip designs, as China bids for tech power
by PAUL MOZUR on June 25, 2018 at 12:00 am
China has ambitious plans to overhaul its economy and compete head to head with the U.S. and other nations in the technology of tomorrow. The heist of Micron’s chip designs represents the dark side of that effort. […]
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Trump lobs new threats against countries trading with the US
by The Associated Press on June 24, 2018 at 10:08 pm
WASHINGTON (AP) — President Donald Trump is lobbing new threats against U.S. trade partners. Trump says Sunday on Twitter that the U.S. is “insisting” that countries remove “artificial” trade barriers and tariffs on U.S. imports to their countries “or be met with more than Reciprocity by the U.S.A.” He says “Trade must be fair and […]
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Corporate America increasingly avoids gun-industry business
by LISA MARIE PANE on June 24, 2018 at 8:11 pm
GAINESVILLE, Ga. (AP) — With Gary Ramey’s fledgling gun-making business taking off in retail stores, he decided to start offering one of his handguns for sale on his website. That didn’t sit well with the company he used to process payments, and they informed him they were dropping his account. Another credit card processing firm […]
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Railroad unloading oil from cars after Iowa derailment
by The Associated Press on June 24, 2018 at 7:56 pm
DOON, Iowa (AP) — Crews are working to contain and clean up crude that spilled when an oil train derailed in northwestern Iowa. BNSF railroad spokesman Andy Williams says workers have unloaded oil from 10 of the oil tank cars that didn’t leak after Friday’s derailment. Officials have said 14 of the 32 cars that […]
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Average gas price falls 6 cents a gallon; 1st drop in months
by The Associated Press on June 24, 2018 at 6:54 pm
CAMARILLO, Calif. (AP) — The average price of a regular gallon of gasoline fell 6 cents over the past two weeks, to $2.95. That’s the first drop in nearly four months. Industry analyst Trilby Lundberg warns that the decline could be temporary, however. Lundberg said Sunday that oil prices recently rose $3 per barrel after […]
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US restaurants host refugee chefs who offer a taste of home
by LORIN ELENI GILL on June 24, 2018 at 4:57 pm
SAN FRANCISCO (AP) — At San Francisco’s Tawla restaurant, Muna Anaee powdered her hands with flour and gently broke off a piece of golden dough to prepare bread eaten in Iraq, the country she fled with her family. Anaee was preparing more than 100 loaves for diners Wednesday night as part of a program that […]
