(Reuters) – Cloud-based software firm Salesforce Inc is looking to cut costs by $3 billion to $5 billion, Chief Executive Marc Benioff told company insiders this week after announcing layoffs, F[...]
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January 6, 2023
Wall St rallies as jobs, services data calm rate hike worries
By Sinéad Carew and Ankika Biswas (Reuters) – Wall Street’s main indexes all gained more than 2% on Friday after December payrolls expanded more than expected even as wage increases slowed[...]
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American Airlines pilots raise concerns over new cockpit protocols
(Reuters) -The union representing 15,000 American Airlines pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training. The carrier on Tuesday imp[...]
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Venezuela owes over $20 million to law firms on guarding overseas assets
CARACAS (Reuters) – Venezuela owes $20.7 million to U.S. law firms handling litigation against creditors seeking to collect unpaid debts from bond defaults and nationalizations carried out more[...]
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Macy’s tempers holiday sales view, warns of more inflation pain ahead
(Reuters) -Macy’s Inc said on Friday it expects fourth-quarter sales to come in at the lower end of its forecast, blaming a deeper-than-expected lull in shopping between the season’s major[...]
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U.S. FAA names experts to review Boeing safety culture after fatal crashes
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) said Thursday it had named 24 experts to review Boeing’s safety management processes and how they influence B[...]
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World stocks soar, investors pare rate bets after US jobs data
By Koh Gui Qing NEW YORK (Reuters) -Wall Street sparked a global rally in stocks on Friday after a crucial U.S. jobs report showed wage growth slowed in December, fuelling investor bets that inflation[...]
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Phillips 66 buys public units of pipeline operator DCP Midstream for $3.8 billion
(Reuters) – Phillips 66 said on Friday it acquired all publicly held units of DCP Midstream LP in a sweetened deal that values the pipeline operator at about $8.7 billion and will help bulk up t[...]
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Tesla short sellers pile on pressure after most profitable trade in 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Fresh off their most profitable year ever, short sellers targeting Tesla Inc’s stock are heaping more pressure on the electric vehicle maker led b[...]
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