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Netflix investors give stock split approval Tuesday

Netflix investors give stock split approval Tuesday

A proposal to increase authorized shares of capital stock from 170 million to 5 billion was approved by the company's investors in an annual meeting on Tuesday in Los Gatos.

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Forecasts of China’s Economic Growth and Consumer Inflation for 2015 revised down

Forecasts of China’s Economic Growth and Consumer Inflation for 2015 revised dow

Owing to increased downward pressure on economic growth, economists at China's central bank have reduced their growth and consumer inflation forecast for 2015.

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Obama Administration announces proposal to lower Ethanol blending

Obama Administration announces proposal to lower Ethanol blending

In an announcement made on Friday, the Obama Administration has put forth a proposal for lowering the amount of renewable fuel, Ethanol, to be blended into the US gasoline supply from 2016 onwards. The proposal comes at the back of a court order which has stipulated a June 1 deadline for lower Ethanol blending.

The Environmental Protection Agency called the proposal as being ‘ambitious, but responsible’, one that very well balanced the fact that congressional forecasts were no longer realistic, with the Obama administration's commitment to grow renewable fuel use.

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Amazon starts paying tax on profits generated from German sales

 Amazon starts paying tax on profits generated from German sales

Global online retailer Amazon.com has started paying tax on profits from its sales to its customers from Germany instead of showing the profits in its accounts in Luxembourg, German national subscription daily newspaper Sueddeutsche Zeitung reported.

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Tesla’s Powerwall stores electricity from renewable energy sources

Tesla’s Powerwall stores electricity from renewable energy sources

Elon Musk-led Tesla Inc. aims to power households around the world with its new home battery solution called the Powerwall, which can be used to charge up battery on solar panels or windmills during the day so that households can get power in the night.

The Tesla Powerwall produced at Tesla's new Nevada Gigafactory being represented as a breakthrough in ‘distributed energy’. Musk said that Tesla Energy would help reduce carbon footprint as consumers will be less dependent on the grid and can generate energy with their solar panels.

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Yellen Indicates Interest Rate Increase if the Economy Continues to Perform

Yellen Indicates Interest Rate Increase if the Economy Continues to Perform

This month, the selloff in Treasuries had a connection to the bond commotion in Europe. Janet Yellen the Federal Reserve Chair repeated to the investors that any additional losses in bonds may result into stronger U. S. economy and credit tightening by the central-bank.

For the fourth time in the past five weeks, there was a rise noted in the ten-year yields all resulting from the anticipation of the interest rates rising in the near future. On Friday, in a speech Yellen said that a rate increase will be suitable in the present year "if the economy continues to improve."

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Smokers provide steady revenue even in tough budget scenario

Smokers provide steady revenue even in tough budget scenario

Englishmen started living in the area of cities of Hampton and Newport News, hundreds of years ago. It is now a colony named for Elizabeth, the Virgin Queen. They came to the place in search of business opportunities.

After that tobacco business increased to a greater extent, expanding and providing the growing colonies with a global commodity. It was the Revolutionary War of that time known as the Tobacco War.

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Erik Buell Racing Files for Bankruptcy Protection from Creditors

Erik Buell Racing Files for Bankruptcy Protection from Creditors

The US motorcycle maker, Erik Buell Racing, filed for bankruptcy protection from creditors. Hero MotoCorp had stake in the US-based company.

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Bill Gates sends letter to employees on Microsoft’s 40th anniversary

Bill Gates sends letter to employees on Microsoft’s 40th anniversary

Microsoft, over the weekend, celebrated its 40th anniversary. Bill Gates, in commemoration of Microsoft's 40th year, recently penned a letter to Microsoft employees mentioning what the company has accomplished, and also painted a rosy picture of what lies ahead.

In the email, Bill Gates wrote that in the past he along with Paul Allen set the goal of a computer on every desk and in every home.

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Shares of Viacom fall

Shares of Viacom fall

On Monday, shares of media company Viacom declined after the company announced that it has decided to take a $785 million pretax charge as part of reorganization. Shares of Biotechnology Company Clovis Oncology Inc. rose more than 7% after the news that the company's cancer drug has been given 'Breakthrough' status by the United States Food and Drug Administration (FDA).

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