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Bankrupt Sears wants to give executives $19 million in bonuses

New York (CNN Business)Sears is seeking court approval to pay executives as much as $19 million in quarterly bonuses while the company struggles to restructure in bankruptcy. Three top executives could get nearly $1 million each if the company goes out of business. If Sears remains in business, they could get nearly $500,000 each for hitting the top performance targets. Sears gets a little more time to stay in business Sears filed two different types of bonus plans in bankruptcy court Thursday. The first is for the top 18 “key” executives, who…

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What Amazon and Apple’s deal means for third-party sellers

San Francisco (CNN Business)For the past eleven years, AceBeach has been selling hard-to-find electronics online. At one point, Apple products made up half of AceBeach’s business, but in recent years Apple has made it increasingly difficult for third-parties to sell used or new iPhones, iPads and Apple Watches. A new deal between Apple and Amazon is about to make it even harder. It could be the final blow for many small online resale and repair shops. Amazon and Apple have stuck an agreement that lets Amazon list the newest Apple…

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Kim Jong Un tests ‘high-tech’ weapon in message to the US

North Korea has tested a “newly developed ultramodern” weapon in an event supervised by leader Kim Jong Un, state media said Friday, amid faltering nuclear disarmament negotiations with the United States. Very little is known about the weapon or whether it is even new, but the test is the latest sign that Pyongyang is prepared to return to a more militaristic relationship with Washington if talks continue to go poorly. “He’s tiptoeing towards a more aggressive posture in negotiations with the US and he’s signaling that he’s not going to give…

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Newly unveiled color photos show powerful moments from WW1

The UK’s Press Association has released a new selection of colorized images from a century ago to commemorate the 100th anniversary of the end of the First World War. Photographers captured a number of emotional scenes after armistice was declared, including a shot of the Victory Parade in London and the burial of the Unknown Warrior at a memorial service in the British capital in 1920. The Unknown Warrior, an unidentified British soldier killed on a European battlefield, is buried in London Credit: Press Association via AP Images Related video: Infrared photographs…

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World’s first underwater hotel residence opens in Maldives

 For once, it’s an opportunity to sleep with the fishes that doesn’t mean you end up like a character in a mob movie. The Conrad Maldives Rangali Island has opened the world’s first-ever underwater hotel residence. More than just a room or a suite (this is the Maldives, after all, so luxury is the name of the game), the two-story villa is set more than 16 feet below the Indian Ocean. Its name is “Muraka,” which means “coral” in the Maldives’ local language Dhivehi. Related content Soneva Jani: Inside one…

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China’s economy is growing at its slowest pace since the financial crisis

Hong Kong (CNN Business)China’s economic slowdown is deepening as its trade war with the United States gets worse. The world’s second biggest economy grew 6.5% in the third quarter of this year, according to official data published Friday. That’s its weakest quarterly growth since the depths of the global financial crisis in early 2009 and below economists’ expectations of 6.6%. The Chinese economy has lost momentum this year following government efforts to try to rein in high levels of debt. It has also started coming under pressure from US tariffs on more…

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Russia’s only aircraft carrier damaged while under repair as floating dry dock sinks

Updated 8:21 AM ET, Wed October 31, 2018 (CNN)A hole was gouged in the deck of Russia’s only aircraft carrier, the Admiral Kuznetsov, Tuesday when a crane fell on it while the vessel was undergoing repairs in the northern city of Murmansk, according to Russian state media. The accident took place after a power supply disruption caused the pumps on the floating dry dock, which was holding the aircraft carrier, to break down, causing the structure to sink. The dock, known as PD-50, is one of the world’s largest floating dry docks…

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China may wait it out rather than deal with Trump

Updated 8:44 AM ET, Fri October 26, 2018 The real cost of Trump’s tariffs 09:02 David A. Andelman, visiting scholar at the Center on National Security at Fordham Law School and director of its Red Lines Project, is a contributor to CNN where his columns won the Deadline Club Award for Best Opinion Writing. Author of “A Shattered Peace: Versailles 1919 and the Price We Pay Today,” he was formerly a foreign correspondent for The New York Times and CBS News in Asia and Europe. Follow him on Twitter @DavidAndelman. The views expressed in this commentary…

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Prosecutors investigate ‘whale jail’ in Russian Far East

Prosecutors investigate ‘whale jail’ in Russian Far East Updated 11:52 AM ET, Tue November 6, 2018 A file photo of Vladivostok’s bridge across the Zolotoy Rog Bay. Investigators from the city are looking into the reports of captured whales. Moscow (CNN)Russian prosecutors in the far eastern city of Vladivostok are investigating the capture of beluga whales and orcas after reports emerged of marine mammals penned inside what some have dubbed a “whale jail,” Russian state news agency RIA-Novosti reported Tuesday. According to local media and the investigative newspaper Novaya Gazeta,…

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Bill Gates uses poop as prop to pitch toilet of the future

Bill Gates uses poop as prop to pitch toilet of the future Updated 12:14 PM ET, Tue November 6, 2018 Bill Gates shocks the audience with a jar of human excrement. Beijing (CNN)Bill Gates stunned the crowd in Beijing on Tuesday with a jar of human feces in his hand. The Microsoft founder was hosting the Reinvented Toilet Expo. His pitch? To commercialize futuristic toilets that don’t need water or sewers. “Today, rich countries have a sewage system where you bring water in, put the human waste in it and…

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