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Call Center Workers and Technicians at AT&T on Strike

Close to 17,000 call center workers and wireline technicians went on strike at AT&T in Nevada and California this week, while filing a charge of unfair labor with the National Labor Relations Board or NLRB that alleges AT&T is in violation of federal law. The Communications Workers of America union said through a strike announcement that the company showed disrespect during the bargaining process when it changed the worker’s work assignment without bargaining, which is required under federal law. In addition, the union said AT&T had... 
 

Under Amour Enters Into New Agreements to Get Back on Track

Under Armour is attempting to turn itself around following an earnings report for the fourth quarter that did not meet expectations. The sports apparel brand, which just recently launched in Kohl’s the mid-price department stores known for deep discounting has now entered into a new agreement with DSW the discount shoe retailer. This deal is a collaboration that will result in unique products for the DSW stores, said DSW chief merchandising officer and vice chairperson Debbie Ferree. Analysts are worried the move could affect the brand perception... 
 

MuleSoft Surges 46% in Debut

It is the first enterprise technology IPO of 2017 and it jumped out of the gate. MuleSoft helps businesses such as Spotify and Netflix with APIs, and on Friday debuted with is initial public offering opening the day at $17 and closing at $24.75 for a 46% increase. Over $221 million was raised by the company in its IPO but much more could have been raised if it had been priced just $3 higher at $20. Bankers usually have a goal of between 20% and 30% in gain the first day trading. If a business is prices too low then money was left out there on the... 
 

Missing Comma Means Labor Suit Remains Alive

An appeal of a labor dispute in Maine hinged on the most contentious debate related to punctuation, the Oxford comma. Earlier this week, a First Circuit Court of Appeals issued a ruling in favor of a group of truck drivers from Oakhurst Dairy. The truck drivers had sued the owners of the company over three years ago for overtime wages that were not paid. This week’s ruling overturns a District Court ruling from earlier that was in favor of Oakhurst, keeping the dispute of over $10 million in OT wages for 75 drivers of Oakhurst still alive. The... 
 

Volkswagen Profit Drop Shows Recovery Is Far Ahead

Operating profit at the biggest brand of the Volkswagen umbrella fell in 2016 showing there remain big challenges ahead for the largest automaker in the world 18 months after its scandal related to diesel engine emissions. The company, based in Germany, said in February it made a record operating profit within its group during 2016, excluding items that were one-off, helped from strong performances by Porsche and a turnaround at the Scania trucks company. However, releasing detailed data on its different brands Tuesday, the automaker said that is... 
 

Huge Alaskan Oil Discovery is Largest Find Onshore in Three Decades

The huge discovery of conventional oil on land owned by the state of Alaska could bring massive relief to the budget problems Alaska is suffering that came about due to a drop in production in the state and the oil price crash. The discovery of oil was made only in the last few days in the North Slope of Alaska, which previously was considered just an aging basin of oil. Repsol, the Spanish oil behemoth and Armstrong Energy, its U.S. partner that is a privately held company, announced the discovery Thursday. The two predicted that production could... 
 

Another Bankruptcy for RadioShack

RadioShack Corp the electronics chain based in the U.S. filed on Wednesday for bankruptcy protection. The filing was the second by RadioShack in just over two years. The company is battling a tough, competitive retail environment and a partnership that has not worked out with Sprint Corp, the wireless provider. The filing, for Chapter 11, arrives after RadioShack, which General Wireless Operations owns, attempted to revitalize the business through co-branding stores with Sprint in an attempt to compete with their much larger rivals. General Wireless,... 
 

Bird Flu Discovered at Chicken Supplier for Tyson Foods

At a chicken farm in Tennessee, officials destroyed tens of thousands of chickens due to an outbreak of bird flu. Thirty other farms that are located within a radius of six miles of that same farm were quarantined. The United State Department of Agriculture announced that 73,500 chickens had been destroyed at one facility and would not be part of the food system. The H7 avian influenza found can be deadly to both chickens as well as turkeys. Bird flu has become a phrase that includes a variety of different influenza viruses that can spread amongst... 
 

Home Depot Adding 80,000 New Jobs for Spring

Home Depot has become the latest retailer in the U.S. to announce it was hiring. The home improvement retailer said it is looking to hire over 80,000 people in time for the annual spring rush. The retailer will hire a broad range of new employees, from freight handlers to cashiers to customer service reps. To quicken the new hiring, it has condensed its application, and enables potential new employees to apply by clicking on a tablet or smartphone. The executive vice president of human resources at Home Depot Tim Crow said the company wants all... 
 

IPO Priced by Snap at $17 Per Share Gives Company $24 Billion Value

Millennials, considered to be between the ages of 14 and 35, might be a more hyped demographic that any in decades. The generation has helped to power one of the largest and most eagerly awaited debuts in stock market, making its founders billionaires. Investors are attracted to Snapchat’s hold on users that fall into the Millennials category. That group checks its app on average over 18 times daily. That has caused them to step up to the plate in Snap’s initial public offering helping to push the parent company of Snapchat up to a value of... 
 

Tesla Stock Falls on Possible Delay of Model 3

Tesla stock was down 4% on Monday after it was downgraded by Goldman Sachs on worries about its upcoming Model 3. An analyst at Goldman Sachs gave Tesla, the maker of electric vehicles, a sell rating while lowering his target price to $185 from $190. Shares of Tesla fell $10.77 on the day. A number of possible issues influenced the downgrade by the analyst, with many related to Tesla’s launch of its first mass market electric vehicle, its Model 3. Presently, Tesla only sells two luxury vehicles, the Model X which is a crossover and the Model S... 
 

Audi and Porsche Help Lift Volkswagen to Record Profit

Record sales at Porsche and Audi helped Germany-based Volkswagen move to a record underlying profit during 2016. However, a larger than had been expected charge due to the scandal over diesel emissions meant the automaker came up short on operating profit. Sales for the luxury brands of the German automaker lifted its underlying operating profit prior to special items by over 14% to end the year at €14.5 billion equal to $15.5 billion during 2016, after VW posted a record breaking loss for 2015. Underlying profit was in line with most forecasts... 
 

Walmart Testing New Concept of Convenience Store

Walmart has begun testing a new convenience store concept. The retail giant hopes this new concept for the company will be its next big, although in reality, small thing. In Texas, Walmart has opened a 2,500 sq. foot store. When entering the store it appears very much like many other convenience stores with hot dogs cooking on a rotisserie grill, beer in the walk-in refrigerator and a number of impulse items near the cash register. The big difference is its one of the two convenience stores that Walmart opened in January. The other is located in... 
 

YouTube to End 30-Second Unskippable Ads

Most everyone has likely had their own tussle related to the different ads that YouTube has, as most viewers are more interested in just watching a video rather than waiting for an advertisement to end. At times, ads are not that annoying, due to them having a button that allows the viewer to skip them after a period of time, but that is not the case all the time. YouTube has decided to make viewers happier by eliminating its 30-second unskippable ads. Google decided to eliminate the ads after recognizing just how unpopular they are, especially... 
 

Lenovo Misses On Smartphones Sales

Lenovo Group’s business of mobile phones is continuing to contract, while its personal computer division managed to grow slightly due to overwhelming competition during the holiday shopping season. The largest maker of PCs in the world posted a profit that plunged over two thirds during its December quarter and missed projections for analysts after its position in the U.S. was threatened by HP Inc. Sales of smartphones were down close to one quarter around the world as Lenovo lost market share to its rivals like Huawei both home and abroad. Lenovo... 
 

Ford Investing $1 Billion in Tech Startup Argo AI

On Friday, Ford Motor Co announced its plans to invest $1 billion during the next five years in Argo AI a tech startup to help the automaker reach the goal it set of producing an autonomous vehicle for commercial ride sharing before 2021. Argo AI, based in Pittsburgh, was founded by former executives with Uber and Google who worked on self-driving teams. With the investment, Ford becomes the largest shareholder at the company. Ford CEO Mark Fields announced that the investment was in line the announcement made previous related to capital expenditures. The... 
 

iPhone 8 Will Start Production Sooner Than First Thought

Apple will start making its next generation smartphone, the iPhone 8 much sooner that was originally expected, according to a pair of reports on Internet. It is not clear if the altered schedule for production is due to Apple pushing forward its release date. The move could show that Apple is planning to release its new iPhone earlier than it normally does, that it expects to sell far more of them or it is adding a number of changes making it longer for the phone to be made. There is somewhat of an indication that the Cupertino, California based... 
 

Hasbro Hits Sales Record Thanks to Ties with Disney

Shareholders at Hasbro received their wish during the holiday season as the toymaker posted sales that set new record topping $5 billion for the first time ever in the 94 years the toymaker has been in business. On Monday, the toymaker posted sales for its fourth quarter that were up 11% to end the quarter at $1.63 billion equal to $1.64 per share, which was well above the estimate by analysts of sales of $1.5 billion and per share earnings of $1.28. Investors were very pleased with the news helping send Hasbro stock up over 15% in Monday morning... 
 

Documents Show President Trump Still Receiving Benefits from Businesses

Prior to taking office, President Donald Trump made a promise to put his assets into a trust that was designed to put a wall between him and his businesses that help to make him so wealthy. However, new documents just released show Trump is still the sole beneficiary of his trust and that it is controlled legally by one employee and Trump’s eldest son. The documents that were obtained through a request in public records by a news service known as ProPublica showed as well that Trump holds legal power to revoke his trust at any moment. The documents... 
 

Honda Raises Forecast For Operating Profit by 21%

Honda Motor Co. has raised its full year forecast for operating profit for the second time during its current fiscal year as the automaker cited a favorable impact from rates of foreign exchange as the yen weakened following the election of Donald Trump as U.S. President. Operating profit is expected to increase to over 785 billion yen equal to $6.9 billion during its fiscal year that ends in March, up from a forecast during October of 650 billion yen, said the automaker based in Tokyo on Friday. Analysts have predicted operating profit for Honda... 
 

Nintendo Posts Profit, Outlook Pulled Down by Weak Sales in Software

On Tuesday, Nintendo Co posted its first profit for a quarter in the past year thanks to its mobile games division starting to generate revenue, though not a sufficient enough amount to offset weak software sales that dragged down its outlook for annual earnings. This result comes only six weeks after the game maker based in Japan released Super Mario Run its first smartphone title after bowing to heavy pressure from investors in 2015 to enter into the market of mobile games. While the profit for the quarter was an appropriate reward for its move,... 
 

Stock at Ebay Soars Following Increase in Sales During Holidays

Ebay Inc. posted a rise of 3.1% in its quarterly revenue during the holiday shopping season offering investors positive news as the revamped online marketplace was able to attract more buyers that helped to sell more products. Ebay revamped its marketplace platform so it could compete better against its larger rival in e-commerce Amazon.com and traditional retailers. Shares of the online marketplace rose by 7.5% in extended Wednesday trading. Ebay spun off PayPal its main driver of growth during 2015 and the revamping of its platform allowed it... 
 

AT&T Adds International Day Pass

Subscribers of AT&T have not had good choices when it comes to options for international roaming. The Passport plans for the carrier give tiny amounts of data even when at the highest tier that could make it less expensive to unlock the phone and use a SIM card that is travel friendly. However, now the network has announced something for the traveler who does not want to pullback on their usage while outside the U.S. AT&T is introducing “International Day Pass” that allows the user to take advantage of its domestic plan, including data... 
 

AT&T DirecTV Now Has 200,000 Subscribers in First Month

DirecTV Now, the new live streaming television service of AT&T got off to a shaky start due to performance, but that did not stop consumers from signing up, reported the company. AT&T said that the service added over 200,000 subscribers during its first month of being operational. This data was part of a filing with the Securities and Exchange Commission for the company’s quarter that ended December 31. The new TV streaming service made its debut November 30. The filing notes as well the additions in subscribers only included the paying... 
 

India Government Trying to Attract Apple, But Some Are Skeptical

Some government officials in India have balked at the demands made by Apple for concessions prior to it agreeing to assemble its iPhones in the country, which has raised doubts about a deadline for this spring to launch an important project in the campaign of Prime Minister Narendra Modi to attract foreign investors. The country wants the U.S. tech behemoth to produce the iPhone there, and Ravi Shankar Prasad the Information Technology Minister said Wednesday that his country would maintain an open mind in the ongoing negotiations. However, Apple’s... 
 

Rio Tinto Posts Solid Outlook for Coming Year

Rio Tinto the global miner could be able to reward its shareholders with a big hike in dividends or even a buyback of shares next year, thanks to the steep rise in the price of metals said an analyst on Tuesday. The decision by Rio Tinto last year to seek value over volume at its different mines as a way to ensure maximum returns to shareholders has put the second largest mining business in the world at the front of the price revival of commodities. The output and shipments during 2016 were in line with the company’s guidance and its kept targets... 
 

CEO at Sony Entertainment Stepping Down to Go to Snap

CEO Michael Lynton of Sony Entertainment will resign to become the Snap Inc chairman of the board. The move puts a very experienced executive from Hollywood into a prominent role at the technology company that is preparing its initial public offering. Lynton is giving up his current Sony movie and television position February 2, but will stay on as the co-CEO six months in order to help find his successor, said the Japanese conglomerate on Friday. Snap Inc is the owner of Snapchat the very popular messaging app and is expected early in 2017 to go... 
 

Donald Trump Upset with Pharmaceutical Companies Over Drug Prices

During his first president-elect news conference, Donald Trump on Wednesday accused pharmaceutical companies of being able to get away with murder because of the high cost for drugs. He added that he would change how the country bids on drugs so the prices will come down and spending is less. Trump said that the pharmaceutical industry has a number of lobbyists and a great deal of power. He said very little bidding takes place on drugs. He called the U.S. the largest purchaser of drug worldwide, but the bidding is done improperly. The government... 
 

Mars Spending $7.7 Billion for Animal Hospital Chain in Los Angeles

VCA Inc has over the past three decades consolidated the pet health industry into the leading animal hospital and diagnostic labs chain. Mars Inc, the candy maker, has agreed to purchase the Los Angeles based business for $7.7 billion. Mars is far better known for the candy it makes, but owns a large pet-care company. VCA has close to 800 animal hospitals that it operates along with 60 diagnostic labs across the U.S. and Canada. The company has over 23,000 employees and its revenue for 2015 was more than $2.1 billion. Founders of VCA via a letter... 
 

Battle Between iPhone and Galaxy to Begin in South Korea

Apple has confirmed that it plans to open its first South Korea retail store moving into the backyard of its biggest rival for smartphones Samsung Electronics. Apple, which this year celebrates its 10th anniversary of the iPhone said on Friday that it is very excited about having its first retail Apple Store in South Korea. The Cupertino, California based tech giant praised Korea as one of the leaders in technology and telecommunications. A spokesperson for Apple did not comment when asked when the store would be opening or where any of the Apple... 
 

Americans Love Their Tacos Says Jack in the Box

Over 1,000 times per minute someone takes a bit into a Jack in the Box taco. The restaurant chain is known around the U.S. for its hamburgers and large headed mascot. However, for many of the restaurant chain’s devotees, the fast food chain’s magic lies in its tacos. A tortilla that surrounds a beef filling dunked into an oil fryer and then topped with lettuce, American cheese and hot sauce, this taco appeared in the 1950s on the chain’s menu following the opening of its first restaurant in San Diego. As the restaurant chain expanded outside... 
 

Poison Pill Adopted By Fred’s As Active Investor Takes Big Stake

Regional chain, Fred’s Pharmacy is hoping to double its size through acquiring 865 stores from Rite Aid, on Tuesday adopted a poison pill to keep one of its activist investors from creating problems with its expansion plan. Alden Global Capital operated by Heath Freeman, has announced it acquired a stake of 24.8% in Fred’s, which is based in Memphis, Tennessee. Alden started buying shares of Fred’s on November 28. The hedge fund of $2 billion made an announcement last week it wanted to speak to management at Fred’s about allocation of assets. The... 
 

Airbus Selling Planes to Iran in Deal Similar to Boeing

Airbus, the European aircraft maker on Thursday completed a deal with Iran to sell the Islamic Republic 100 airplanes. The deal was described by both sides as a big step in the direction of revitalizing the aged commercial fleet of Iran after a number of years of economic isolation due to sanctions. The sales come just weeks after Airbus’ rival in the U.S. Boeing, signed a deal of its own with Iran for 80 planes, one of the most prominent transactions in decades between the U.S. and Iran. Both aircraft sales became possible due to provision in... 
 

McDonald’s Sued for Price of Extra Value Meal

A McDonald’s customer is seeking to take his lawsuit to class-action status claiming consumer fraud along with deceptive practices. The lawsuit was filed by James Gertie in Illinois on Tuesday. Gertie’s suit claims that the McDonald’s restaurants in the lawsuit have been offering a bundled Extra Value Meal with two-cheeseburgers that should be the restaurant’s best deal. However, he says the two cheeseburgers, medium fries and a soft drink are 41 cents less when sold individually than when the meal is formed into an Extra Value Meal at... 
 

Nokia Planning Return to Smartphone Market

Following years of corporate makeovers, Nokia based in Finland and once the largest seller of mobile handsets in the world is planning to release a new lineup of smartphones powered by Android during 2017. A new brand in Finland known as HMD Global Oy is the only global licensee for every Nokia devices. The company made the announcement on Monday. The company is planning to release a new generation of smartphones with Android during the first six months of 2017 through its strategic partnership signed with Nokia. The news shows the ambitions of... 
 

Amazon Prime Video Expands into More Than 200 Countries

Just a month after dropping hints, Amazon made Prime Video available in over 200 countries across the globe, bringing serious competition to the global plan of Netflix. Netflix back in January expanded its streaming service to over 130 new countries, making its site of streaming videos available in close to every corner of the globe and Amazon has now responded. One notable exception for Amazon is China. Netflix is also absent in China. However, Amazon Video is now available in India, the second most populous country in the world. Amazon’s service... 
 

Leaders in Tech Industry to Meet With President-Elect

Many of the top prominent technology executives in the U.S. are expected to take part in a meeting on Wednesday with President-elect Donald Trump. The hope is the meeting will help steer a complicated relationship that exists between some of the country’s top valued technology companies and the incoming White House administration. Those expected to attend the Wednesday meeting include Apple CEO Tim Cook, Facebook COO Sheryl Sandberg, Microsoft CEO Satya Nadella, Amazon CEO Jeff Bezos, Tesla CEO Elon Musk along with both the Google parent Alphabet... 
 

Pfizer Handed $107 Million Fine For Price of Epilepsy Drug

Pfizer Inc was fined £84.1 million or $106.6 million by the competition regulator in the UK for charging the National Health Service exorbitant prices for a drug that treats epilepsy. On Wednesday, the Competition and Markets Authority in the UK said Pfizer and Flynn Pharma, a distribution company for drugs, broke the law by charging prices that were unfair in the United Kingdom for capsules of phenytoin sodium, a drug used by over 48,000 patients with epilepsy in the country. Flynn Pharma was fined £5.2 million or $6.6 million by the regulator... 
 

Four Large World Capitals Planning to Ban Diesel

Cityscapes filled with smog are a common scene across the globe. This is a problem that for decades, some large cities have battled and four mayors late last week announced they are taking drastic action. The mayors of Athens, Madrid, Mexico City and Paris have all said they want to ban all diesel vehicles from their city roadways by 2025. This pledge, made at the 2016 C40 Mayor Summit held last week in Mexico City is part of an effort around the world by city leaders to battle issues related to climate change. This proactive approach is being driven... 
 

Keith Coleman Named Product Chief by Twitter

On Thursday, Twitter Inc acquired a little known startup and its first order of business was to install the founder of the startup as Twitter’s new product chief, which filled a huge role that has been vacant for close to one year. Keith Coleman the CEO of Yes Inc the social networking app maker and a former product manager with Google, is now the Vice President of Product for Twitter. Coleman joins Twitter with six other people from Yes, a startup of two years that makes apps such as Frenzy, a service for event planning. No price for the acquisition... 
 

Cyber Monday Surges Past Previous Sales Records

Cyber Monday, the last part of the Thanksgiving shopping spree of five days, reached a new sales record with $3.45 billion in sales for the day. On a day when traditionally retailers roll out digital deals in large numbers, research firm Adobe Digital Insights said online shoppers spent over 12% more than last year’s Cyber Monday and 2.5% more than originally predicted by Adobe. A principal analyst with Adobe said that Cyber Monday was historical in its amount of sales. The analyst also said that it was very surprising how Black Friday had inched... 
 

DirecTV Aiming to Be Next Service to Replace Cable

A few services exist online that look to replace traditional cable television, but have not yet attracted many subscribers, but DirecTV owned by AT&T hopes that will change. While almost any person is able to say that cable has too high of a price, the overwhelming majority of people in the U.S. do not think the price is high enough to cancel. Less expensive online services with live-TV such as Sling TV by Dish Network and PlayStation Vue from Sony remain quite unknown in comparison to Netflix, Amazon and Hulu. While they can be easy to order... 
 

Trump Offering Apple Incentives to Make iPhones Stateside

President-elect Donald Trump has offered Tim Cook the Apple Inc CEO incentives to manufacture the popular iPhone in the U.S. During an important meeting earlier this week, Trump spoke about phone calls he had with two of the tech industry’s biggest figures Bill Gates and Tim Cook. Trump spoke much more about his conversation with Cook than the one he had with Gates. Trump said the CEO from Apple called him. The president-elect said he told Cook that a big achievement for him will be when he is able to convince Apple to construct a plant in the... 
 

Lufthansa Cancelling Flights As Strike Begins

On Wednesday, pilots at Deutsche Lufthansa AG started their strike of two days that will ground over 25% of its flights the first day and poses another threat to the air carriers’ growth outlook. German based Lufthansa announced it would be suspending 876 of its more than 3,000 scheduled flights for Wednesday, affecting over 100,000 passengers. The company said that 51 of its intercontinental flights would be canceled, which includes 7 and possibly more that were bound for the U.S. one day prior to the Thanksgiving holiday. The action by the... 
 

Sabra Voluntarily Recalling Hummus Products for Listeria Worries

Possible contamination of its Hummus products for Listeria has prompted the Sabra Dipping Company to announce a voluntary recall of a number of its products that contain hummus. Listeria has been identified at the manufacturing facility of the company, said company officials. The voluntarily recalled hummus products were produced prior to November. Listeria monocytogenes causes listeriosis and was indentified at the plant, but not in products that were finished. The possible affected products from Sabra had been distributed to foodservice accounts... 
 

U.S. Worried Over LinkedIn Being Blocked in Russia

The United States government on Friday said it was very concerned over the decision by Russia to block the public’s access to LinkedIn the networking site. The U.S. said it created a precedent, which could be used to justify the blocking of other online sites that are operating in Russia. LinkedIn, which is headquartered in the U.S., is the first social network of significance that has been blocked under a new measure in Russia that requires companies holding data of Russian citizens to store it on servers that are in Russia. Analysts specializing... 
 

United Airlines Restricting Low Fare Passengers to Single Carry On

On Tuesday, United Continental Holdings borrowed a policy from its competitors in the low cost industry by launching a new low fare, which limits passengers to a single carry-on bag that will fit under the seat. This is a part of a big plan to increase profit over a period of the next four years. United, based in Chicago, is the first of the major carriers in the U.S. to unveil a policy for carry-ons. It hopes to attract some new flyers and to push some regular flyers toward fares that are higher. Combined with flight connections that are better... 
 

American Apparel Files Bankruptcy Again

On Monday, American Apparel filed its second bankruptcy in just over one year, weighed down heavily by intense competition facing teen retailers in the U.S. and a difficult relationship with the company’s founder. This second filing for bankruptcy comes as American Apparel struggles trying to overcome a number of losses for a number of years and increased competition from online retailers. The company used its racy advertising to enter the pop culture with the help of Dov Charney its mercurial founder. The clothing retailer, known equally for... 
 

Target and Walmart to Start Black Friday Thanksgiving at 6 P.M.

Both Target and Walmart are planning to start their Black Friday in-store sales on Thanksgiving Day at 6 p.m., repeating the same start times from a year ago and throwing cold water on the thought that Thanksgiving sales blitzes were a thing of the past. Earlier during the season, it was announced by the Mall of Americas that it would close its doors on Thanksgiving, after remaining open the past few years. Office Depot made the same decision, but the behemoths of big box stores and others such as Kohl’s, Macy’s and Toys R Us will be open suggesting... 
 

Nissan Profit Drops on Higher Incentives and Stronger Currency

Nissan Motor Co posted a drop of 16% in its profit for its fiscal second quarter and predicted the auto industry demand in China and the U.S., its two biggest markets, would slow down. Net income was down to just over 146.1 billion yen equal to $1.4 billion for the quarter that ended September 30, as overseas earnings were eroded by a stronger yen and discounts in the U.S. increased said the automaker on Monday. CEO Carlos Ghosn adopted an aggressive program for dealer incentives across the U.S. that helped deliveries for Nissan to climb, but weighed... 
 
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