Sci-Hub Ordered to Pay $15 Million in Piracy Damages

Sci-Hub Ordered to Pay $15 Million in Piracy Damages

'Pirate' sites Sci-Hub and LibGen have been ordered to pay millions of dollars in damages to Elsevier, one of the largest academic publishers. A New York District Court granted Elsevier's request for a default judgment of $15 million in damages. Sci-Hub's founder says that she can't pay the damages even if she wanted to, and for now, the "Pirate Bay for science" isn't going anywhere.

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Ford Announces New Focus Manufacturing Plans, Shifts Production From Mexico To China

Ford Announces New Focus Manufacturing Plans, Shifts Production From Mexico To China

Ford is shifting production of its next-generation Focus from Mexico to China, planning to import the small car to the United States. While other U.S. companies such as Apple have been manufacturing products in China, Ford's decision to source the Focus from the country in East Asia is likely to draw more attention than the others. That's because this marks the first time that the carmaker will make a vehicle in China targeted at U.S. consumers.

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Google Will Stop Reading Your Emails for Gmail Ads

Google Will Stop Reading Your Emails for Gmail Ads

Google is stopping one of the most controversial advertising formats: ads inside Gmail that scan users’ email contents. The decision didn’t come from Google’s ad team, but from its cloud unit, which is angling to sign up more corporate customers.

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Foxconn narrowed US factory locations to seven states, will decide next month

Foxconn narrowed US factory locations to seven states, will decide next month

Foxconn says that it is still planning to set up U.S. manufacturing plants in ‘several’ states, in a deal worth $10B. Some $7B of that investment is earmarked for display production, with the balance allocated to a mix of other products. Foxconn chairman Terry Gou initially said that the company was looking at midwest states, before later naming seven states as candidates…

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George Clooney just sold his tequila business for up to $1 billion

George Clooney just sold his tequila business for up to $1 billion

George Clooney is selling his tequila company Casamigos to Diageo for as much as $1 billion, the company said Wednesday. "If you asked us four years ago if we had a billion dollar company, I don't think we would have said yes," Clooney told CNBC via email. "This reflects Diageo's belief in our company and our belief in Diageo. But we're not going anywhere. We'll still be very much a part of Casamigos. Starting with a shot tonight. Maybe two."

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McDonald’s hits all-time high as Wall Street cheers replacement of cashiers with kiosks

McDonald's hits all-time high as Wall Street cheers replacement of cashiers with kiosks

McDonald's shares hit an all-time high on Tuesday as Wall Street expects sales to increase from new digital ordering kiosks that will replace cashiers in 2,500 restaurants. Cowen raised its rating on McDonald's shares to outperform from market perform because of the technology upgrades, which are slated for the fast-food chain's restaurants this year. McDonald's shares rallied 26 percent this year through Monday compared to the S&P 500's 10 percent return.

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