Fiat Chrysler CEO says approached by several suitors for Magneti Marelli

STERLING HEIGHTS, Mich. (Reuters) - Fiat Chrysler Automobiles has been approached by several suitors for its components business Magneti Marelli, the carmaker's chief executive said on Friday, without giving names or mentioning how many had shown int...

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US Government’s Social Media Vetting Idea Draws Fire

A coalition headed by the Center for Democracy & Technology, the Internet Association, and the American Civil Liberties Union this week filed objections to a Department of Homeland Security proposal to collect social media information from visitors entering the United States. The proposal, published in June, calls for the addition of a request to the I-94W form required for aliens seeking entry.

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For the Fed’s Yellen ‘conventional’ unconventional policy is enough

WASHINGTON (Reuters) - For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to helicopter money drops, Federal Reserve Chair Janet Yellen appears to believe she can tackle any future downturn using the...

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Judge in Redstone hearing urges attorneys to reach agreements

CANTON, Mass. (Reuters) - A Massachusetts judge on Friday told attorneys to see if they could agree to resolve at least parts of a lingering family dispute over the fate of the empire built by Sumner Redstone, the controlling shareholder of Viacom Inc ...

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UPDATE 1-Energy Future wins court approval to exit bankruptcy

Aug 26 (Reuters) - Energy Future Holdings Corp , Texas' biggest power company, won U.S. court approval on Friday for a plan that will allow the bulk of its operations to exit Chapter 11 after two...

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How This Backpack Startup Is Giving Back

After seeing kids bring their belongings to camp in trash bags, one couple worried about how those kids would transport their books to school.

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Uber wins halt to N.Y. price-fixing lawsuit during appeal

NEW YORK (Reuters) - A federal judge on Friday granted a request by Uber Technologies Inc and its chief executive officer to put a passenger's price-fixing lawsuit against them on hold, while they appeal his refusal to let them arbitrate the dispute.

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Why China’s lane-straddling super-bus won’t get off the ground

IT STARTED with a fanfare, albeit with a bemused tone. “China’s bonkers elevated bus is real and already on the road,” announced Wired on August 3rd. It was not only Wired. Headlines and half-page photos quickly filled the world’s newspapers and webpages, trumpeting the Transit Elevated Bus (TEB, pictured), a magnificent-looking contraption that, it was claimed, would straddle China’s streets, allowing cars to pass underneath it. Passengers could hop on and off from elevated platforms. This would allow the bus to cruise above the traffic jams that plague roads in urban China, while lessening the gridlock for others.

Befitting such a clever, mad-cap idea, the reaction was breathless. Although it crawled along on its inaugural journey, speeds would eventually reach 40 miles per hour, it was said, using rails running either side of the road. Its 300 passengers (1,200, once a few buses were linked together like train carriages) would travel in comfort, in something akin to an airport lounge. Of course, only in China could such a...Continue reading

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