(Reuters) -Wall Street banks are weighing plans to slash bonuses this year, Bloomberg Law reported on Friday, as investment banking comes under pressure from choppy markets and a high interest-rate en[...]
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December 2, 2022
Activision Blizzard game testers vote to form union
By Daniel Wiessner (Reuters) -Workers who test games at Activision Blizzard Inc.’s unit Blizzard Albany have voted to form a union months after the games developer began negotiating with employe[...]
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U.S. judge dismisses indictment against Huawei CFO that strained U.S.-China relations
By Karen Freifeld and Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies Co, formally e[...]
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U.S. labor market shrugs off recession fears; keeps Fed on tightening path
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably no[...]
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Assa Abloy locks in $800 million deal to sell Emtek, Yale businesses to Fortune Brands
(Reuters) – Assa Abloy AB said on Friday it will sell its Yale and Emtek lock brands, and U.S. and Canada residential businesses to Fortune Brands Home & Security in an $800 million all-cash[...]
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Dollar gives back gains, strong wage growth complicates Fed policy
By Karen Brettell NEW YORK (Reuters) – The dollar dipped on Friday as a Federal Reserve official said rate hikes are likely to slow and as investors took profits from earlier gains after jobs da[...]
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C$ posts weekly decline as U.S. jobs data rattles investors
By Fergal Smith TORONTO (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Friday as domestic jobs data caused few surprises, while a stronger-than-expected U.S. jobs gain[...]
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No plans to go back to Congress to change inflation act – White House
WASHINGTON (Reuters) – There are no plans to go back to Congress to push for changes to the Inflation Reduction Act, the White House said Friday, a day after President Joe Biden said it could be[...]
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CIBC to appeal New York court’s ruling in Cerberus lawsuit
(Reuters) – Canadian Imperial Bank of Commerce (CIBC) said on Friday it would appeal a New York court’s ruling in a lawsuit brought against the bank by an entity of U.S. private equity fir[...]
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