By Nathan Gomes and Abhijith Ganapavaram (Reuters) -General Motors Co reclaimed the top spot in U.S. auto sales from rival Toyota Motor Corp in 2022 as it was able to better meet strong demand for car[...]
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January 4, 2023
Renault’s new venture to limit use of IP developed by Renault and Nissan -Nikkei
(Reuters) -Japanese automaker Nissan Motor Co and French automaker Renault SA have agreed to restrict the use of the intellectual property they developed together in a new company established by Renau[...]
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Apple to sign Luxshare for iPhone production in China – FT
(Reuters) -Apple Inc is set to sign up Chinese contract manufacturer Luxshare Precision Industry Co Ltd to produce premium iPhone models, the Financial Times reported on Wednesday, citing sources fami[...]
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U.S. DOJ to seize $465 million of Robinhood shares tied to Bankman-Fried
By Tom Hals and Dietrich Knauth (Reuters) -U.S. prosecutors are in the process of seizing shares of Robinhood Markets Inc tied to Sam Bankman-Fried, who has been charged with fraud in the collapse of[...]
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Green bonds are set to drive corporate ESG debt out of slump in 2023 -Barclays
By Isla Binnie NEW YORK (Reuters) – Global sales of corporate bonds with environmental, social and governance (ESG) targets will rebound this year and top $460 billion, Barclays said, after the[...]
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U.S. forces glass, security companies to drop noncompete clauses for workers
WASHINGTON (Reuters) -Under pressure from the Biden administration, two glass container makers and a security company have agreed to drop noncompete requirements which limited where employees could wo[...]
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Fed wants ‘flexibility’ on rates as inflation remains key focus, minutes show
By Howard Schneider WASHINGTON (Reuters) -All officials at the Federal Reserve’s Dec. 13-14 policy meeting agreed the U.S. central bank should slow the pace of its aggressive interest rate incre[...]
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Venezuela’s lack of dredging causes trouble for Chevron’s heavy oil exports
By Mircely Guanipa and Marianna Parraga HOUSTON/MARACAY, Venezuela (Reuters) – A shipping channel snafu is slowing Chevron Corp’s efforts to load tankers at one of its four Venezuelan join[...]
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CIBC ordered to pay $848 million damages to Cerberus, will appeal
By Jonathan Stempel NEW YORK (Reuters) -Canadian Imperial Bank of Commerce plans to appeal a New York judge’s order that it pay about $848 million in damages to private equity firm Cerberus Capi[...]
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