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Donald Trump to make bid to end government shutdown in White House address to Democrats

“President Donald Trump is expected to make a bid to end the government shutdown by offering Democrats protections for young people brought to the country illegally as children in exchange for money for a border wall with Mexico” writes Janet Daley for telegraph.co.uk. The president is scheduled to make an announcement from the White House late on Saturday in the hope of ending the lapse in federal government funding which has left 800,000 workers furloughed or forced to work unpaid.Mr Trump has been at logger heads with the Democratic leadership…

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Tesla to cut thousands of jobs, sees smaller fourth-quarter profit

“Tesla reported a profit of $311.5 million, or $1.75 per share, for the third quarter ended Sept. 30” reports autoblog.com. In the first cut, back i June, the company said it was cutting 9 percent of its workforce.Tesla said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced, less-profitable versions of its crucial Model 3 sedan, sending its shares down 7 percent.The company, which has struggled to achieve long-term profitability and keep a tight lid on expenses, also said…

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GCHQ targets teenage girls with all-female course in bid to redress gender imbalance 

“GCHQ has launched an all-female training course in a bid to recruit women spies and redress the gender imbalance in the intelligence community” writes Jemima Lewis for telegraph.co.uk. GCHQ’s National Cyber Security Centre (NCSC) estimates around 90 per cent of the global cyber workforce are men.The plan is to open cyber-skills to teenage girls in what is traditionally a male-dominated field. Source: telegraph.co.uk

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Sears confirms chairman’s hedge fund wins bid in auction

“Eddie Lampert’s hedge fund has won tentative approval for a $5.2 billion plan to buy 425 stores and the rest of its assets” writes The Associated Press for seattletimes.com. NEW YORK (AP) — Sears has confirmed that chairman and largest shareholder Eddie Lampert’s hedge fund has won tentative approval for a $5.2 billion plan to buy 425 stores and the rest of its assets. Source: seattletimes.com

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Harris Opens Up as She Eyes Bid

“She’s doing a lot around criminal justice reform, so I think she will address that as she moves forward in 2020.”” writes Kyung Lah for cnn.com. I had talked about criminal justice reform, my bill, bail reform, and the disparity in race.”It’s the voters of California that passed three strikes, one of the most draconian criminal justice laws in the nation. Source: cnn.com

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Democratic U.S. Senator Gillibrand to launch 2020 White House bid

“As a senator, Gillibrand was outspoken about rape in the military and campus sexual assault years before the #MeToo movement against sexual harassment and assault first arose in 2017” writes Midwest Communications Inc for 95kqds.com. Texas Democrat Julian Castro, a former San Antonio mayor and top U.S. housing official, formally launched his White House bid on Saturday. Source: 95kqds.com

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Sears stock swings sharply higher after WSJ report that rescue bid is still alive

“SHLDQ, +11.71% pulled a sharp U-turn in afternoon trade Tuesday, after The Wall Street Journal reported the Eddie Lampert’s rescue bid is still alive” writes Reporter Editor for marketwatch.com. The stock shot up 15%, after being down as much as 50% earlier in the session, after media reports that the troubled department store chain would seek liquidation. Source: marketwatch.com

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Barclays activist calls for shareholder vote after failed bid for board seat

“Barclays’ activist investor Edward Bramson has stepped up his campaign against the British bank after his efforts to gain a seat on its board were spurned” writes Lucy Burton for telegraph.co.uk. In a letter to investors, Mr Bramson said he has given the bank “ample time” to consider his concerns and feels it will be difficult to stir up any meaningful change in the future if he remains an outsider.He said he would now seek to change “the composition of the board” at the bank’s annual general meeting in May. In his letter, published by Bloomberg, the secretive investor said he had…

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Merck loses bid to revive $200 million Gilead verdict at U.S. high court

“In 2016, a jury in Delaware said Gilead infringed a related patent and ordered it to pay Merck $2.54 billion in royalties, the largest verdict ever in a patent case” writes Midwest Communications Inc for 95kqds.com. But a judge threw out the verdict in February 2018, ruling that Merck’s patent was invalid because it was not sufficiently detailed in its wording.The judge also said a Merck in-house lawyer testified untruthfully in a deposition and at trial about his participation in a confidential call with Pharmasset personnel. Source: 95kqds.com

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