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Uber CEO Travis Kalanick resigns under investor pressure |
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(Reuters) - Uber Technologies Inc Chief Executive Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned on Tuesday under mounting pressure from investors over his leadership.
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Oil price at seven month low, equities struggle |
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LONDON (Reuters) - A renewed slump in oil prices to seven-month lows dragged down world stocks and long-term bond yields on Wednesday, as bets that global inflation and interest rates will stay lower for even longer began to build again.
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Oil headed for weakest first-half performance in two decades |
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LONDON (Reuters) - Oil was mostly flat on Wednesday, after paring earlier losses, but was set for its biggest price drop in the first half of the year since 1997, a sign that investors are discounting evidence that major producers are sticking to a deal to cut output.
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Boeing gets boost from United, lifts demand forecast |
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PARIS (Reuters) - Boeing Co won a key endorsement from United Airlines for the latest model of its best-selling 737 on Tuesday and struck an upbeat tone by raising its 20-year industry demand forecast despite signs the pace of growth is slowing.
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Lockheed wins U.S. Air Force deal for radar threat simulators |
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PARIS (Reuters) - Lockheed Martin Corp said on Wednesday it had won a $104 million U.S. Air Force contract to develop, produce and field a threat simulator to train combat aircrews to recognize and deal with rapidly evolving threats, such as surface-to-air missiles.
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Airbus scoffs at Boeing wins, plays down bounce-back hopes |
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PARIS (Reuters) - Airbus sales chief John Leahy scoffed at Boeing's claims about the efficiency of a new 737 jet that has been grabbing orders and headlines at the Paris Airshow, but played down expectations of a last-minute comeback to win the event.
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