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Harvey’s second act could drive up economic damage for Texas

­­­­­­­­­­­Bloomberg As Harvey’s winds die down, trouble for Texas may have just begun with forecasts for unprecedented flooding across the heart of US energy production and in Houston, the nation’s fourth-largest city. Harvey smashed ashore as a Category 4 hurricane on Friday near Rockport, Texas. Two deaths have been attributed to the storm, which has also halted about one quarter ...

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Tim Cook reaps $89.2mn shares as Apple outshines S&P

Bloomberg Apple Inc. Chief Executive Officer Tim Cook collected 560,000 shares, half of them linked to the company’s performance and the maximum allowed under the iPhone maker’s long-term compensation programme. The award was worth $89.2 million when it was granted on Thursday, based on Apple’s $159.27 closing price. He received the performance-linked stock because Apple shares outperformed at least two-thirds ...

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Google faces deadline as EU fines loom

Bloomberg Google faces a deadline to tell the European Union how it plans to comply with an order to stop discriminating against rival shopping search services under threat of new fines that would add to a record $2.9 billion penalty. The EU gave the Alphabet Inc. unit 60 days to propose how it would “stop its illegal content” and 90 ...

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