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(MENAFN - AFP) Chinese tech giant LeEco led by billionaire Jia Yueting announced a deal Tuesday to buy US television manufacturer Vizio for $2 billion.

The deal expands the US presence for the company, formerly known as Letv, which operates a streaming television service, makes smartphones and other electronics, and has been working on research for autonomous cars.

"LeEco ...

 
(MENAFN - AFP) Air France said Tuesday a week-long strike from Wednesday by flight crews will see the carrier scrap 30 percent of domestic and medium-haul flights at the height of the busy holiday period.

Some 35 percent of flight attendants, who account for 13,600 of Air France's 50,000-strong workforce, are expected to join a stoppage which the airline said would affect ...

 
(MENAFN - AFP) Facing federal probes over its reporting of US car sales, Fiat Chrysler on Tuesday announced revised numbers showing its previously-touted six-year streak of monthly gains actually ended three years ago.

The company's US unit FCA US had previously celebrated a streak of monthly year-over-year sales gains going back to April 2010.

In revising its methodology ...

 
(MENAFN - AFP) The Tesla electric car driving in semi-autonomous mode when it crashed and killed its driver was speeding just ahead of impact with a tractor-trailer, a preliminary probe showed Tuesday.

The National Transportation Safety Board said its preliminary findings showed the Tesla was traveling at 74 miles (119 kilometers) per hour ahead of impact, but noted that ...

 
(MENAFN - AFP) Global stocks mostly treaded water Tuesday ahead of announcements by US and Japanese central banks this week that are expected to extend the loose monetary policies that have supported markets.

The Federal Reserve is widely expected to keep interest rates unchanged at the end of its two day meeting Wednesday. But its policy statement hint at whether investors ...

 
(MENAFN - AFP) The Frankfurt stock exchange Deutsche Boerse on Tuesday said its shareholders had backed a planned merger with the London Stock Exchange (LSE).

Earlier this month Deutsche Boerse lowered the threshold for shareholder support needed for the tie-up to 60 percent from 75 percent, removing a potential spanner in the works for the deal following Britain's vote to ...

 
(MENAFN - AFP) European stocks edged up Tuesday while Wall Street dipped slightly as investors eyed a two-day US Federal Reserve meeting for hints on possible interest rates hikes.

Just ahead of Deutsche Boerse shareholders backing its merger with the London Stock Exchange, the FTSE 100 closed 0.2 percent higher.

Dealers are also awaiting Wednesday's British economic ...

 
(MENAFN - AFP) Futuristic technologies that promise to improve people's strength and smarts by editing genes, implanting brain chips or super-charging blood have raised more concern than enthusiasm among Americans, a poll showed on Tuesday.

The survey by the Pew Research Center included more than 4,700 US adults, and is considered a nationally representative sample.

When ...

 
(MENAFN - AFP) US consumer sentiment held steady in July, helped by soaring stocks and undeterred by global worries over Britain's vote to leave the European Union, the Conference Board reported Tuesday.

The Board's monthly consumer confidence index stood at 97.3, down from 97.4 in June, with a rise in consumer views of the current situation in the economy.

That was ...

 
(MENAFN - AFP) The US Federal Reserve opened a two-day meeting on interest rates in Washington Tuesday as policy makers appeared divided over the dangers facing the world's largest economy.

Observers said the Fed was almost certain to maintain rates at the current target 0.25-0.5 percent, which it set in December.

But should policy makers report improved economic performance, ...

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