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Job cuts may stymie Germany’s big bank merger

Every day on my way to work, I pass a branch of Deutsche Bank AG and a Commerzbank AG outlet located almost exactly opposite each other on different sides of the street. One of them will probably close if the government-backed merger talks between the two lenders come to fruition – but I doubt the companies are up to making ...

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Ford plans $900mn bet on Michigan-made autos of future

Bloomberg Ford Motor Co plans to spend about $900 million and hire about 900 workers to build electric and self-driving vehicles in Michigan, while moving production of a small commercial van to Mexico from Europe. The moves, announced the same day Donald Trump visits an Ohio tank plant, follow the president’s sharp criticism of General Motors Co for idling a ...

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Facebook’s Oculus unveils its new PC-connected Rift S

Bloomberg Facebook Inc’s Oculus division unveiled a new version of the Rift virtual-reality headset, the Rift S, adding a higher-resolution display and a new design. The new model, which goes on sale for $399 sometime in the spring, plays the same games as the original Rift, but adds embedded sensors instead of external cameras for tracking. The previous model, which ...

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