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Brazilian prosecutors charge JBS shareholder with corruption – source

BRASILIA (Reuters) – Brazilian federal prosecutors presented charges against Joesley Batista, a major shareholder in meatpacker JBS SA , another senior executive and a former federal prosecutor accusing them of corruption, money laundering and obstruction of Justice, a source familiar with the matter said on Tuesday.

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North Korea threatens to cancel US summit over drills

North Korea on Wednesday canceled a high-level meeting with South Korea and threatened to scrap a historic summit next month between President Donald Trump and North Korean leader Kim Jong Un over military exercises between Seoul and Washington that Pyongyang has long claimed are invasion rehearsals. The surprise declaration, which came in a pre-dawn dispatch in North Korea’s state media, appears to cool what had been an unusual flurry of outreach from a country that last year conducted a provocative series of weapons tests that had many fearing the region was on the edge of war. It’s still …read more […]

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Highlights: Hedge funds chomped on FAANGs during first quarter tech turmoil

(Reuters) – The following are some hot stocks including the so-called FAANG technology stocks – Facebook Inc , Amazon.com , Apple Inc , Netflix Inc and Google parent Alphabet Inc – as well as other companies in which hedge fund managers either took new stakes, adding to or exiting existing positions in the first quarter, filings with the U.S. Securities and Exchange Commission showed on Tuesday.

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Hedge funds chomped on FAANGs during first quarter tech turmoil

(Reuters) – The following are some hot stocks including the so-called FAANG technology stocks – Facebook Inc , Amazon.com , Apple Inc , Netflix Inc and Google parent Alphabet Inc – as well as other companies in which hedge fund managers either took new stakes, adding to or exiting existing positions in the first quarter, filings with the U.S. Securities and Exchange Commission showed on Tuesday.

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2019 Hyundai Veloster Turbo vs. sporty hatchbacks and coupes: How they compare on paper

The 2019 Hyundai Veloster is completely new for its second generation, and it will be hitting dealers soon. And in Veloster Turbo form, it promises to be an interesting entry in the highly competitive affordable sporty car segment, one mostly populated by hot hatchbacks such as itself. The question of course is, can it stand up to the establishment, a group of vehicles including models with decades of history? Ahead of an upcoming drive, we decided to compare its specifications with those of the …read more […]

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ConocoPhillips ‘not close’ to recouping $2 billion from PDVSA: CEO

U.S. oil producer ConocoPhillips (COP.N) is far from collecting the full value of a $2 billion arbitration award against Venezuelan state oil company PDVSA [PDVSA.UL], Conoco’s chief executive said on Tuesday. Conoco has won court orders allowing the company to begin seizing PDVSA assets in efforts to collect on an award by the International Chamber of Commerce (ICC) over the 2007 nationalization of its projects in Venezuela. While Conoco started seizing assets this month, Chief Executive Officer Ryan Lance is telegraphing that the company intends to escalate its campaign against PDVSA across the globe as it works to …read more […]

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David Tepper’s hedge fund dumped its entire Apple stake ahead of the billionaire's expected purchase of the Carolina Panthers (AAPL)

Tepper is expected to purchase the Carolina Panthers NFL team for $2.2 billion, it was reported Tuesday. Follow Apple’s stock price in real-time here. David Tepper’s hedge fund, Appaloosa Management, exited its stake in Apple during the first quarter, documents filed Tuesday show. …read more […]