Business Trucking News+ More Ford Takes Control of Self-Driving Car Startup Argo AI + MORE 02/11/2017

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Trump, Abe talk trade, security

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President Donald Trump and Prime Minister Shinzo Abe opened two days of talks on Friday, focusing on trade and security. Fred Katayama reports.

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Wall Street rises to record highs

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A spike in oil prices drove the main indexes to new closing highs for a second straight day. Fred Katayama reports.

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By Nicole Friedman Peter Eastwood likes to say that a new insurance company he started is “not entitled to anybody’s business.” He also has an advantage that most don’t: the backing of Warren Buffett.The billionaire hired Mr. Eastwood and three other American International Group Inc. executives in 2013 to create a new property-casualty insurer…

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President Donald Trump warns businesses that are considering relocating their operations abroad, “there will be consequences” for leaving the United States. Rough Cut (no reporter narration).

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The Federal Reserve Board’s top bank regulator said on Friday he would resign, giving a boost to President Donald Trump’s plans to ease reforms put in place after the 2007-09 financial crisis.

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By Tim Higgins SAN FRANCISCO—Ford Motor Co. has acquired majority ownership of an artificial-intelligence startup called Argo AI and plans to invest $1 billion in the company, the latest move in an auto-industry spending spree to develop self-driving car technology.The investment, to be made during the next five years, is part of Ford’s efforts to develop a self-driving car by 2021…

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