(Reuters) – Creditors of Silicon Valley Bank’s parent company have formed a group in anticipation of a potential bankruptcy filing, the Wall Street Journal reported on Tuesday, citing peop[...]
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March 14, 2023
With prices soaring, Dollar Tree ditches eggs until later this year
By Jessica DiNapoli NEW YORK (Reuters) – Dollar Tree Inc has stopped selling eggs in its Dollar Tree stores, a spokesperson for the U.S. retailer confirmed late Tuesday, as the staple food has s[...]
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Buttigieg says recent U.S. aviation close calls ‘deeply troubling’
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg said on Tuesday that a series of aviation close calls was “deeply troubling and deserve our immediate atten[...]
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Global equities gain, as rising bond yields pressure gold
By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) -Global shares stemmed a five-session rout on Tuesday as bank shares rebounded and closely-watched U.S. inflation data was in line with ex[...]
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Southwest eyes rival United’s service provider to bolster its operations
CHICAGO (Reuters) – Southwest Airlines Co is tapping a software company called SureWeather, which rival United Airlines employs, to make its winter operations more resilient, Chief Operating Off[...]
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US SEC charges IT services firm DXC for ‘misleading’ non-GAAP disclosures
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Tuesday it charged IT services firm DXC Technology with making misleading disclosures about its non-GAAP financial perf[...]
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GM extends production halt at Mexico truck plant over supply chain issue
By David Shepardson (Reuters) -General Motors said on Tuesday its Silao Assembly Plant in Mexico that makes Chevrolet and GMC pickup trucks will extend a production halt through March 20 because of an[...]
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Homebuilder Lennar’s profit jumps 18% on high prices
(Reuters) -Homebuilder Lennar Corp on Tuesday reported an 18% rise in first-quarter profit as high property prices offset supply snags caused by fewer homes being listed for sale amid a tough economy.[...]
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Dust settles on SVB bank share rout, contagion fears recede to background
LONDON/NEW YORK (Reuters) – The health of the global banking sector as interest rates rise remained in the spotlight on Tuesday but investors appeared to take heart that the risk of market conta[...]
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