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Subaru decides popular Outback needs a much bigger brother

Bloomberg How far has Subaru come during its 60 years of selling cars? Roughly seven feet. That’s the difference lengthwise between its first vehicle, the diminutive “360” later dubbed “the ladybug,” and a pumped up new SUV called the Ascent. Make no mistake. The Ascent is a Texas-sized rig, thoroughly incongruous with its creator’s climate conscious, blue-state reputation. It’s a ...

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Stocks drift amid earnings; bonds and dollar decline

Bloomberg US equities drifted between gains and losses and European stocks were mixed as traders looked towards company results after lackluster economic data out of China spurred declines for many Asian shares. The dollar weakened against most peers. Earnings were better-than-expected from the likes of Bank of America Corp. and BlackRock Inc. while there was an upbeat early release from ...

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Pound gains as traders await Brexit progress

Bloomberg The pound picked up on Monday against a weaker dollar, with further gains seen dependent on the progress of the UK’s Brexit plans and whether data will cement the odds of a Bank of England interest-rate increase. Sterling’s moves could be influenced by any response from UK lawmakers or the European Union to the British prime minister’s “white paper” ...

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