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Lyft driver strike as the money-losing company goes public

Lyft made its public debut at $ 87.24 per share, an increase of 21 percent from its issue price of $ 72, in light of significant demand from potential shareholders. It is the first company to go public with a market value of $ 30 billion. Meanwhile, his drivers – the people driving this app-based service – are on strike. …

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The New Jersey jury is of the opinion that J & J is not liable in talk cancer studies. Company settles three more cases

FILE PHOTO: Bottles of Johnson & Johnson baby powder for drugstore in New York on October 15, 2015. REUTERS / Lucas Jackson March 28, 2019 By Tina Bellon (Reuters) – A New Jersey jury on Wednesday released Johnson & Johnson from liability filed by a man who claimed asbestos in the company's talcum powder products had caused its mesothelioma. 19659004] …

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The world's largest oil company and petrochemicals company merge

The long awaited acquisition of Saudi Basic Industries Corporation (SABIC) by Saudi Aramco is finally here. In a press release, Amin Nasser, Aramco's CEO, said that Aramco has acquired a 70 percent interest in SABIC, worth $ 69.1 billion. Aramco's CEO, Nasser, affirmed that "the deal represents an important step in accelerating Saudi Aramco's transformational downstream growth strategy." Aramco has …

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How can a company with $ 1.8 billion in revenue lose $ 1.9 billion? WeWork shows how

The financial world has gone crazy. WeWork is not yet a listed company and does not need to disclose financial information to the public. However, bonds were issued in April 2018, showing some signs of financial performance to the hapless bondholders. WeWork made this presentation available to financial media including Wall Street Journal and Bloomberg. The Four Outstanding Numbers Reported: …

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Dog food company stretching recall about high vitamin D levels

(CBS New York) – A company is expanding its recall of canned foods for increased vitamin D levels. Hill's Pet Nutrition has already recalled 25 varieties in January. Now there are eight more. The company says the products may have toxic levels of vitamin D that can cause vomiting, weight loss and kidney failure. Cat food and dry food for …

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Court documents bankrupt the Reading Eagle Company

Falling ad revenue, rising production costs hampered the company's ability to cover debt, set records. Reading, PA This is a story of dive revenue and increasing debt, decreasing advertising and shrinking circulation. Documents filed with the US Bankruptcy Court on Wednesday and filed today with the Tribunal tell the story of how the Reading Eagle Company found their financial situation …

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Nunes says $ 250 million lawsuit against Twitter is "the first of many," accused company of "gas lighting"

Californian GOP MP Devin Nunes, who opened a $ 250 million lawsuit against Twitter, alleging that the social media company failed to remove defamatory and malicious tweets against him and his family Fox News on Monday that the lawsuit will be "the first of many." Fox News released "Hannity." Nunes said he will follow Twitter first because they are "the …

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