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A tech boom in Pittsburgh brings hope and angst

PITTSBURGH (Reuters) – The city of Pittsburgh, the one-time steel capital that’s long been a symbol of Rust-Belt decline, is emerging as a vibrant hub for artificial intelligence, robotics and biomedical companies eager to tap a rich talent pool. An Aurora self-driving Lincoln MKZ car is seen outside the company’s …

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Britain's RBS pays first dividend in decade

LONDON (Reuters) – Britain’s Royal Bank of Scotland (RBS.L) on Friday paid its first dividend in a decade, returning 2 pence per share to around 190,000 shareholders who haven’t seen a payout since RBS’s government bailout in 2008. A person walks past a branch of RBS bank in Nottingham, Britain, …

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Machines take the blame as U.S. stock market sells off

NEW YORK (Reuters) – Investors searching for perpetrators and victims in this week’s U.S. stock market selloff pointed to a familiar source: number-crunching fund managers and machines. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 11, 2018. REUTERS/Brendan McDermid The benchmark …

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U.S. safety agency OKs advanced headlights for road use

WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration on Thursday said it was moving to allow advanced headlights known as “adaptive driving beams” to be used in vehicles on U.S. roads that could help prevent nighttime crashes. Vehicles drive on the new eastern span of the San Francisco-Oakland …

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Trump calls 'loco' Federal Reserve 'too aggressive'

WASHINGTON (Reuters) – U.S. President Donald Trump launched a second day of criticism against the Federal Reserve on Thursday, calling its interest rate increases a “ridiculous” policy that was making it more expensive for his administration to finance its escalating deficits. FILE PHOTO: U.S. President Donald Trump looks on as …

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