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Google may open brick-and-mortar stores in India

The markets traded lower during the midday with the Dow losing 32 points to 24,721. Nasdaq fell 21 points to 6,938.


Google is reportedly exploring the possibility of opening brick and mortar stores in India to expand the marketshare of the Pixel smartphone. A dozen popup stores were recently launched that introduced the second generation Pixel to Indian consumers. The lucrative Indian smartphone market is the second largest in the world and is dominated by Samsung, Xiaomi and Oppo.


Members of Hyundai Motor's labor union have rejected a tentative wage deal that was reached last week by union leadership and the automaker's management. Nearly 88% of union members voted with 50.2% giving the agreement a thumbs down. The wages being offered were considered inadequate.


Aston Martin will recall approximately 5,500 vehicles to fix issues with power trains and battery supply cables. Recalls will begin on February 1, 2018 for 3,493 model years 2009 through 2016 DB9, DBS, Rapide, Virage and Vanquish vehicles that have transmission park pawls that may not engage which increases the likelihood of a crash. Additionally, 1,953 model years 2005 through 2009 DB9 and DBS vehicles will be recalled to fix battery supply cables that may be damaged and cause a fire.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 slipped 3 points to 2,679. Bitcoin surged $1,969 to $15,769.


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