By Foo Yun Chee BRUSSELS (Reuters) – Media group Vivendi’s proposed acquisition of rival Lagardere is likely to face a full-scale EU antitrust investigation, people close to the matter sai[...]
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November 22, 2022
Huawei separates Russia business from other CIS countries -source
MOSCOW (Reuters) – Chinese telecoms giant Huawei is separating its corporate division in Russia and Belarus from other CIS countries, a source close to the company told Reuters on Tuesday. Russi[...]
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Teva, AbbVie finalize $6.6 billion U.S. opioid settlements
By Brendan Pierson (Reuters) – Teva Pharmaceutical Industries Ltd and AbbVie Inc have finalized the terms of settlements worth more than $6.6 billion to resolve thousands of lawsuits by U.S. sta[...]
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Best Buy forecasts smaller drop in sales ahead of holiday season
By Uday Sampath Kumar (Reuters) -Best Buy Co Inc on Tuesday forecast a smaller drop in annual sales than it had previously estimated, saying it was confident that a ramp up in deals and discounts will[...]
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Fed’s Mester: Lowering inflation remains Fed’s main goal
NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester reiterated Tuesday getting inflation down remains critical for the central bank. “Given high levels of infla[...]
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Credit Suisse lays off one-third of China-based investment bankers – sources
By Summer Zhen and Selena Li HONG KONG (Reuters) – Credit Suisse has laid off about one-third of its China-based investment banking team and nearly half of its research department, sources with[...]
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Twitter says lawsuit over layoffs lacks merit and has delayed severance pay
By Daniel Wiessner (Reuters) – Twitter Inc has told a federal judge in San Francisco that a lawsuit claiming the company violated U.S. law by laying off thousands of workers without notice is ba[...]
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Exclusive-China set to fine Ant Group over $1 billion, signalling revamp nears end-sources
By Julie Zhu HONG KONG (Reuters) – Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, set[...]
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‘Boomerang CEOs’ don’t always work out; Disney hopes this one bucks trend
By David Randall NEW YORK (Reuters) -Can Walt Disney Co bank on another hit sequel? That appears to be the hope behind the company’s surprise decision to bring back former chief executive Bob Ig[...]
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