By Diane Bartz WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo on Thursday said the government will encourage companies to build at least two advanced domestic computer chip factori[...]
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February 23, 2023
Exclusive-Blackstone set to raise as much as $10 billion for tactical opportunities
By Chibuike Oguh NEW YORK (Reuters) – Blackstone Inc, the world’s largest private equity firm, is set to raise as much as $10 billion for its tactical opportunities strategy, which gives i[...]
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Valeo targets strong sales growth this year as it bets on car electrification
(Reuters) – French car parts maker Valeo on Thursday forecast “strong” sales growth this year after its core earnings beat expectations for 2022 despite a tough environment marked by[...]
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Netflix cuts prices in some countries to boost subscriptions, shares drop
(Reuters) -Netflix Inc said on Thursday it has cut prices of its subscription plans in some countries as the streaming giant looks to maintain subscriber growth amid stiff competition and strained con[...]
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U.S. labor market resilient; inflation hotter in fourth quarter
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to a persistently tight labor market, and furth[...]
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Newmont sees ‘significant’ shareholder value in buyout of gold rival Newcrest
By Divya Rajagopal and Sourasis Bose (Reuters) – Gold miner Newmont Corp on Thursday said it believes a buyout of Newcrest Mining Ltd would create “significant value” for shareholder[...]
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Chips, EVs power Biden’s big bet on America’s industrial policy
By Timothy Aeppel NEW PHILADELPHIA, Ohio (Reuters) – A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A short drive away,[...]
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Adobe signs chip supplier Qualcomm for marketing tech software
By Stephen Nellis (Reuters) – Adobe Inc said on Thursday it had signed a deal with semiconductor Qualcomm Inc as a customer for its cloud-based marketing software. Once best known for tools like[...]
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Humana to exit employer insurance business to focus on government plans
(Reuters) -Humana Inc will exit the employer-based insurance business over the next 18 to 24 months, it said on Thursday, to focus primarily on government-backed programs such as Medicare for people a[...]
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