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12/21/2020

Lockheed Martin buys Aerojet Rocketdyne to better compete with Musk's SpaceX, Bezos' Blue Origin

Lockheed Martin intends to acquire rocket engine and spacecraft propulsion maker Aerojet Rocketdyne in a deal that values the company at $4.6 billion. "This is clearly a vertical integration play

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12/21/2020

Chevy Chase recreates 'Christmas Vacation' scene in new Ford Mustang Mach-E ad

Comedian Chevy Chase is reprising his role as Clark Griswold from the film "National Lampoon's Christmas Vacation" in a new holiday ad for the all-electric Ford Mustang Mach-E. The 60-second

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12/10/2020

CVS Health CEO says it has 10,000 staffers ready to vaccinate seniors at nursing homes

CVS Chief Executive Larry Merlo said the company is ready to administer "vaccines into the arms of some of our most vulnerable populations" within 24 to 48 hours upon receiving

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11/23/2020

Another gift from 2020: Car buyers seeking Black Friday deals likely out of luck this year

Instead of offering the steep discounts to clear out older inventory, many automakers are having a hard time resupplying dealer lots with enough inventory. Edmunds estimates the average discount on

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11/18/2020

GM to offer auto insurance that uses data from connected vehicles to price rates

GM's new auto insurance business unit will be offered through the automaker's OnStar connectivity brand. Coverage will begin with GM employees, followed by the general public in the U.S. through

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11/15/2020

American slashes London flights in December due to weak demand

Weak demand as coronavirus cases rise is prompting American to cut much of its London service next month. Travelers in New York and Chicago can fly nonstop on American's joint-venture

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10/20/2020

Ford unveils new self-driving test vehicle for 2022 launch

Ford plans to launch its self-driving business in 2022 with vehicles based on the Ford Escape Hybrid crossover. The vehicles are the automaker's fourth-generation self-driving test vehicles in partnership with

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10/14/2020

Ron Baron, who made billions investing in Tesla, thinks SpaceX 'has a chance to be just as large'

Tesla's market valuation has soared to more than $430 billion but billionaire investor Ron Baron said on Tuesday he thinks Elon Musk's space company could reach similar heights. "SpaceX I think

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10/12/2020

American economists awarded Nobel Prize in economics for work on auction theory

Paul R. Milgrom, 72, is the Shirley and Leonard Ely professor of humanities and sciences at Stanford University. Robert B. Wilson, 83, is the Adams distinguished professor of management, Emeritus

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09/26/2020

How SpaceX, Virgin Galactic, Blue Origin and others compete in the growing space tourism market

There's an emerging industry thought to be only science fiction not too long ago that's close to becoming a reality: space tourism.  And a handful of companies – including one

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Business News:
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