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Business

Uber announced today a 25 percent price cut for UberX and UberXL, its lowest-cost services, in San Antonio and 79 other cities. But New York Uber’s general manager says the reason they decided to lower prices is to make it more affordable and assessable for riders. Rates for UberX have

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Business

Oil plunged to fresh 12-year lows under US$27 on Wednesday (Jan 20), slammed by gloomy economic forecasts, China’s slowdown and abundant crude supplies. Approaching midday in London, Brent North Sea crude for delivery in March shed 67 cents to hit USD 28.09 compared with the close on Tuesday.

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Business

Approaching midday in London, Brent North Sea crude for delivery in March shed 67 cents to hit Dollars 28.09 compared with the close on Tuesday.

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Business

The industrialized economies adviser based in Paris said that while the pace of increasing stock in oil eases during the second six months of 2016, as the supply from producers who are non-OPEC drops, unless something is done, the oil market could be oversupplied, pushing prices even lower.

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Business

Reiterating Iran’s official stance, Mr. Rouhani blamed regional rival Saudi Arabia for the dive in Crude Oil prices, which have halved since last May as global supply outstrips demand.

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Business

The vehicles will be adapted from shuttle pods already being used to ferry passengers at Heathrow Airport’s Terminal 5, but are now being developed to work without their dedicated tracks. British firms such as Westfield Sportscars, Heathrow Enterprises and Oxbotica will come together so that a full transformation of these

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Business

A Walmart store in Shakopee was shut down briefly on Tuesday night after a shooting in the parking lot. Police say a Craigslist transaction gone bad resulted in a man firing shots at his buyer outside the Shakopee Walmart.

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Business

Tempers flared in Paris yesterday as striking taxi drivers blocked major roads and set fire to tires on a “black Tuesday”, with simultaneous strikes by air-traffic controllers, public servants, hospital workers and teachers.

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Business

Global crude steel production fell 2.8 percent previous year, marking the first annual decline since 2009, as producers succumbed to pressure from waning demand and tumbling prices.

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Business

The shares of American Electric Power Company Inc (NYSE:AEP) had been given positive outlook from Sell-side analysts. Baker Avenue Asset Management now owns 204,491 shares of the company’s stock valued at $5,157,000 after buying an additional 55,242 shares during the period.

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