• NextEra agrees to buy Texas electric giant Oncor for $18.4B
NextEra agrees to buy Texas electric giant Oncor for $18.4B

Cutler sold 4,903 shares of NextEra Energy stock in a transaction on Tuesday, May 24th. Total production capacity is expected to be about 800 megawatts. "We are incredibly impressed by Oncor's management team and its employees, and we are committed to retaining the Oncor name, its Dallas headquarters and local management".

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  • US GDP grows a weak 1.2 percent in second quarter
US GDP grows a weak 1.2 percent in second quarter

Echoing that message, economists at Goldman Sachs said on Wednesday that "we now seem to be finding a bottom" in the drag the energy sector is generating on capital spending. The US Department of Commerce also revised down first-quarter growth of 1.1 per cent to 0.8 per cent, which means that GDP growth has remained well below 2 per cent for three ...

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  • Facebook could owe $5 billion in taxes
Facebook could owe $5 billion in taxes

However, along with these favorable figures, in its 10-Q quarterly regulatory filing, it revealed that it could get hit by a tax bill in the range of $3-5 billion by Internal Revenue Service . The document contained the details about agreements related to the division of users and marketing, the online platform and cost sharing. The IRS contends...

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  • ECB approves rescue plan for Italian bank Monte dei Paschi
ECB approves rescue plan for Italian bank Monte dei Paschi

Three sources close to the matter said Monte dei Paschi was set to reject the proposal that was presented to the board by Passera in person. The EBA test looked at how banks could withstand a three-year theoretical economic shock which ended with the Italian lender, the world's oldest have a core equity capital ratio of minus 2.44 percent.

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  • Some Saskatchewan communities get slight reprieve from oil slick's fallout
Some Saskatchewan communities get slight reprieve from oil slick's fallout

The company later clarified that it was alerted to "pressure anomalies" that evening, but it did not confirm there had been a leak until the next morning. The cleanup effort has run into some challenges. Less than half of the 1,572 leaked bbl of oil had been recovered as of Monday, Saskatchewan environment official Wes Kotyk said.

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  • Canadian economy shrinks more than expected in May as wildfires hit
Canadian economy shrinks more than expected in May as wildfires hit

The company will add 60,000 to 80,000 bpd of capacity by late September by tweaking its crude slates, and has also finished a 70,000 bpd expansion of Line 6B, which can now carry 570,000 bpd from IN to Ontario. And Enbridge says its April to June earnings were down 47%. Bank of Canada Governor Steophen Poloz. The central bank estimated the fi...

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  • Colbert: I can't be Stephen Colbert anymore
Colbert: I can't be Stephen Colbert anymore

Intellectual property law may prevent Stephen Colbert of The Colbert Report from appearing on The Late Show, but it can not stop his identical twin cousin . I can not reasonably argue I own my face or name. "Stephen, Bernie likes to tell it like it is, which is also what I do when I'm alone and no one is watching", she explains to Colbert.

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  • Amazon posts its fifth straight quarter of profits
Amazon posts its fifth straight quarter of profits

Amazon's web retail sales in the United States and internationally, the core of the company's business, also topped expectations, and it forecast revenue ahead of expectations for the third quarter. The unit, Amazon's fastest growing business, is seen as the next driver of growth for the company. Despite the gains, Amazon shares immediately ...

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  • SABMiller suspends integration work for beer merger
SABMiller suspends integration work for beer merger

Still, news of the halt anxious investors, sending AB InBev ... SABMiller said that it would "continue to consult with shareholders" and would review the revised offer. This agreement was designed specifically for SABMiller's two biggest shareholders Altria and Bevco, who wanted to keep a stake in the new company. The share and cash offer ...

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  • In 10th convention speech, Bill Clinton faces tougher crowd
In 10th convention speech, Bill Clinton faces tougher crowd

Thousands of emails between party officials appeared to show a coordinated effort to help Clinton and confirmed what Sen. Sanders supporters lost their bid to eliminate or reduce the influence of superdelegates, party leaders who are not bound to any candidate, during a meeting of the convention rules committee in Philadelphia.

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  • Verizon could boost Yahoo ad targeting, but challenges ahead
Verizon could boost Yahoo ad targeting, but challenges ahead

While she made progress on some products such as Yahoo's e-mail and media, overall sales growth remained sluggish. As you've no doubt heard by now, Verizon on Monday agreed to purchase Internet pioneer Yahoo's operating business for $4.8 billion.

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  • Turkey: Erdogan to meet Putin Aug. 9 in Russia
Turkey: Erdogan to meet Putin Aug. 9 in Russia

Also, the leader of a Kurdish political party accused of links to Kurdish rebels in Turkey was not invited to the meeting with Erdogan , an indicator of tensions following the collapse of peace talks a year ago and a resumption of the long-running insurgency.

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  • Verify: Bernie Sanders' primetime Democrat National Convention speech
Verify: Bernie Sanders' primetime Democrat National Convention speech

That included a text message to supporters asking them not to protest on the floor of the convention, as a "personal courtesy" to him. "It is easy to boo, but it is harder to look your kids in the face if we are living under a Trump presidency", Sanders responded.

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  • Fiat Chrysler revises sales, shows streak ended in 2013
Fiat Chrysler revises sales, shows streak ended in 2013

Fiat Chrysler Automobiles discovered its sales were overstated by several thousand vehicles when it conducted an internal review past year, trade publication Automotive News reports, citing two unnamed sources at the automaker. Sales also declined in August 2015 (one percent) and May 2016 (seven percent). Shares of Fiat Chrysler rose 12 cent...

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  • BlackBerry unveils its newest Android mobile device, the DTEK50
BlackBerry unveils its newest Android mobile device, the DTEK50

This is a good idea for a modern smartphone, but unfortunately leading with such promises isn't that sexy for consumers to read about - even though privacy is taken very seriously by millions of people all over the world. A MicroSD Card of up to 2TB can be used to expand storage. The DTEK50 has a dual-tone LED flash on board and it is capable o...

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  • Million Child-Bearing Women in Latin America Could Get Zika
Million Child-Bearing Women in Latin America Could Get Zika

The agency expanded the Zika-specific blood testing to up to 14 days for pregnant women with symptoms. Doctors in the US should proactively screen at-risk pregnant women for the Zika virus, according to the Centers for Disease Control and Prevention .

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  • As Fed meets, no rate hike is expected until late this year
As Fed meets, no rate hike is expected until late this year

With no press conference scheduled after the meeting and no new economic forecasts to be released, the Fed's policy statement will be scrutinized for any clues to whether a September rate increase is in play. Keeping interest rates low for such an unprecedented period of time is not only bad for savers, it is harmful for the economy. Previous Fed...

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  • San Diego Housing Prices See More Positive Gains In May
San Diego Housing Prices See More Positive Gains In May

A lot is going right in the USA housing market right now: Mortgage rates are low, job creation is strong, unemployment is low. Home prices in three USA cities - Denver, Seattle and Portland, Oregon - showed the highest year-over-year gains, the survey showed.

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  • Bernie Sanders aims to cool tensions in Philadelphia
Bernie Sanders aims to cool tensions in Philadelphia

Clinton would do about the 11 million undocumented immigrants, Mr. Kaine said that filling the crucial ninth vacancy on the Supreme Court - a nomination that Senate Republicans have blocked - would be crucial in order to uphold President Barack Obama's executive actions providing protections against deportation for some immigrants.

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  • Historic solar flight marks first round-the-world journey
Historic solar flight marks first round-the-world journey

Bertrand Piccard took off for the final leg of the first ever Round-The-World Solar Flight and is now heading to Abu Dhabi where it should land after a flight of two days and two nights, depending on weather conditions. Journey along this stretch ought to be moderately uncomplicated but the Solar Impulse team has some concerns regarding the heat ...

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