SAO PAULO (Reuters) – Brazilian pharmacy chain RD SA, Raia Drogasil, posted on Tuesday a 47% jump year-over-year in fourth-quarter adjusted net profit to 301.1 million reais ($58.00 million), bo[...]
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March 7, 2023
JetBlue CEO defends Spirit deal, insists passengers will save money
WASHINGTON (Reuters) – JetBlue Chief Executive Robin Hayes strongly defended the airline’s $3.8 billion plan to buy Spirit Airlines despite the Justice Department’s lawsuit Tuesday challen[...]
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Analysis-US lawsuit to block JetBlue-Spirit merger casts chill over future airline deals
By Rajesh Kumar Singh CHICAGO (Reuters) – A U.S. federal lawsuit to block JetBlue Airways Corp’s purchase of Spirit Airlines has raised hurdles for future airline deals, making it harder f[...]
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GE to slash stake in aircraft lessor AerCap
(Reuters) – AerCap Holdings NV said on Tuesday a unit of General Electric Co is selling 18 million shares, worth $1.12 billion, of the aircraft lessor through an underwritten public offering. In[...]
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Walmart to invest nearly $1.5 billion in Mexico and Central America in 2023
MEXICO CITY (Reuters) -Walmart’s unit in Mexico and Central America, known as Walmex, plans to boost spending in the region 27% from last year to total around 27 billion pesos ($1.49 billion) in[...]
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Nvidia, AMD grapple with latest U.S. curbs on China’s Inspur
By Karen Freifeld and Stephen Nellis (Reuters) -Nvidia Corp, Advanced Micro Devices Inc and other tech firms are scrambling to assess whether they must halt sales to units of China’s Inspur Grou[...]
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Fed’s Powell sets the table for higher and possibly faster rate hikes
By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) -The Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move[...]
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EU tells Elon Musk to hire more staff to moderate Twitter – FT
(Reuters) – The European Union told Elon Musk to hire more human moderators and fact-checkers to review posts on Twitter, the Financial Times reported on Tuesday, citing four people familiar wit[...]
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Bank of America CEO says ‘we are capitalists’ as anti-ESG critics gain steam
By Lananh Nguyen and Nupur Anand NEW YORK (Reuters) – Bank of America Corp’s Chief Executive Officer Brian Moynihan had a clear message for shareholders on Tuesday: “We are capitalis[...]
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