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Renault to revive bestselling cars with electric makeover – sources By Reuters

PARIS (Reuters) - Renault (PA:RENA)'s new boss Luca de Meo will revive some best-selling models from the 1960s to 90s era as electric cars under a turnaround plan aimed at improving sales and repositioning the struggling automaker, two sources familiar with the matter said. De Meo is due to unveil his strategy update on Jan. 14, which is expected...

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New York Mulls Online Betting, Pushing Penn and DraftKings Higher By Investing.com

By Christiana Sciaudone Investing.com --  Time to roll the dice.Penn Gaming and DraftKings Inc (NASDAQ:DKNG) rallied Friday on the tantalizing possibility that New York will legalize online gambling. There are issues over how the industry will be run and who will oversee it, but "the industry as a whole would benefit from the momentum of the fourth most populous state legalizing online betting,"...

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GM changes brand logo to highlight EV future By Reuters

(Reuters) - General Motors (NYSE:GM) on Friday unveiled a new corporate logo, its first major logo change since 1964, as part of a new campaign to accelerate the automaker's focus on electric vehicles (EVs). The "m" in the new GM logo is a nod to the shape of an electrical plug, the company said. The campaign includes a previously announced $27 billion...

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Tesla market value crosses $800 billion for the first time By Reuters

(Reuters) - Shares of Tesla Inc jumped 4.9% on Friday, taking the electric-car maker's market capitalization to more than $800 billion for the first time ever. In the previous session, its market value crossed $774 billion, making Tesla Wall Street's fifth most valuable company, just behind Google-parent Alphabet (NASDAQ:GOOGL) Inc and ahead of social media giant Facebook Inc (NASDAQ:FB). ...

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Wall Street Rises to New Highs, Shrugging off Weak Jobs Report; Dow up 75 Pts By Investing.com

By Geoffrey Smith  Investing.com -- U.S. stock markets opened at fresh record highs again on Friday, set to round off a remarkable week on a high note despite the drama in Washington DC and the weakest labor market report in eight months. By 9:40 AM ET (1440 GMT), the Dow Jones Industrial Average was up 76 points, or 0.2%, at 31,117 points. The...

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Tesla’s Still Going Up, Believe it or Not By Investing.com

By Christiana Sciaudone Investing.com --  Elon Musk, the world's newest biggest billionaire, as per Bloomberg, is riding high on bets that his electric vehicles will take over the world. Or, investor FOMO. Tesla (NASDAQ:TSLA) rose 6% Friday to -- you guessed it -- a record.  Evercore SI upgraded shares, offering a mea culpa and acknowledging that it had gotten the stock wrong in...

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EU Commissioner Breton says digital tax agreement will be reached By Reuters

PARIS (Reuters) - An agreement on digital tax will be reached at the Organization for Economic Cooperation and Development, including with the United States, EU Internal Market Commissioner Thierry Breton said on Friday. "I'm sure we’ll find an agreement and I am sure we will find an agreement with our U.S. friends", Breton told an online conference. "At the end of the...

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Airbus to meet suppliers amid jet output concerns, sources say By Reuters

By Tim Hepher PARIS (Reuters) - Airbus is planning a summit meeting with major suppliers in coming days, amid mounting speculation that it may have to delay planned jet output increases as Europe faces a resurgent coronavirus crisis, industry sources said on Friday. Next week's briefing by Airbus Chief Executive Guillaume Faury for the heads of several suppliers is expected to set...

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Percy Pig faces tariffs going to EU markets, UK’s M&S warns By Reuters

LONDON (Reuters) - British retailer Marks & Spencer warned on Friday its popular Percy Pig sweets could be hit by tariffs if it re-exports the product to European Union countries, including Ireland. Chief Executive Steve Rowe said the pink sweets, along with about a third of the products in M&S's food business, are subject to very complex "rules of origin" regulations that...

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