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Nike stumbles into social media storm after basketball star's shoe splits

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NEW YORK (Reuters) – A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused the malfunction. Zion Williamson, a 6-foot-7-inch freshman forward Read More

Targa Resources sells 45% interest in Bakken Assets for $1.6 billion

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2/21/2019 Photo: North Dakota.gov. HOUSTON — Targa Resources Corp. has announced that it has entered into definitive agreements to sell a 45% interest in Targa Badlands LLC, the entity that holds all of Targa’s assets in North Dakota, to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities for $1.6 billion in cash. Under Read More

Nike shares slip, faces Twitter storm after sneaker fail

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(Reuters) – Shares of Nike Inc fell nearly 2 percent on Thursday, a day after a sneaker worn by emerging basketball star Zion Williamson split in half 33 seconds into a hotly anticipated game between Duke University and North Carolina. Feb 20, 2019; Durham, NC, USA; Duke Blue Devils forward Zion Williamson (1) reacts after Read More

Exclusive: SpaceX, Boeing design risks threaten new delays for U.S. space program

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SEATTLE (Reuters) – NASA has warned SpaceX and Boeing Co of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program later this year. One of Boeing Co’s CST-100 Starliner astronaut capsules is seen at a Read More

Exclusive: U.S., China sketch outlines of deal to end trade war – sources

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WASHINGTON (Reuters) – The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin, second from left, U.S. Trade Representative Read More

Putin: No need for another Cuban missile crisis over US-Russia dispute

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If the US choses to deploy intermediate-range missiles in Europe, it would escalate the tension to a level similar to that of the 1962 Cuban missile crisis for no reason whatsoever, Russian President Vladimir Putin argued. The Russian president met journalists on Wednesday night to elaborate on his earlier address on the state of the Read More

Exclusive: Brazil's Odebrecht to propose bondholder losses of over 70 percent – sources

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The corporate logo of the Odebrecht SA construction conglomerate is pictured at its headquarters in Sao Paulo, Brazil August 3, 2018. REUTERS/Paulo Whitaker/File Photo SAO PAULO (Reuters) – Brazilian conglomerate Odebrecht SA next week will ask its bondholders to accept losses of more than 70 percent from their bonds’ face value as part of a Read More

Exclusive: China regulator stops accepting new video game applications to clear backlog – sources

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BEIJING/SHANGHAI (Reuters) – China’s top content regulator has asked local authorities to stop submitting requests to monetize new video games, while it processes a backlog of applications built up after a lengthy pause last year, three people with knowledge of the matter said. FILE PHOTO: A man plays a computer game at an internet cafe Read More