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Microsoft secures $10bn JEDI cloud deal, beats Amazon

Bloomberg Microsoft Corp has won the sought-after JEDI cloud computing contract with the Pentagon valued at as much as $10 billion over a decade, dealing a blow to the market leader, Amazon.com Inc, which had been the front-runner. The decision, which was announced by the Defense Department, may be challenged by Amazon, according to a person familiar with the matter, ...

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GM strike ends after almost six weeks at cost of $2 billion

Bloomberg General Motors (GM) employees voted in favor of a new four-year labor agreement reached with the United Auto Workers (UAW), ending a nearly six-week-long strike that has cost the company about $2 billion and rippled through the US economy. The union said the deal was approved by 57.1% of its members, enough to ratify the contract and stop the ...

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US business equipment orders decline again

Bloomberg Orders placed with US factories for business equipment declined for a second straight month and shipments matched the biggest drop since 2016, the latest sign the dimmer global growth outlook and trade tensions with China are weighing on companies. The proxy for business investment — bookings for non-military capital goods orders excluding aircraft — fell 0.5% in September after ...

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