By Daniel Wiessner (Reuters) – A trial kicked off in San Francisco federal court on Monday to determine how much money Tesla Inc must pay to a Black elevator operator whom a jury determined was[...]
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March 27, 2023
Exclusive-US plans ultimatum in Mexico energy dispute, raising threat of tariffs
By Jarrett Renshaw and David Lawder (Reuters) – The Biden administration plans to send Mexico an “act now or else” message in coming weeks in an attempt to break a stalemate in an en[...]
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Berkshire Hathaway stake in Occidental Petroleum rises to 23.6%
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc boosted its ownership stake in Occidental Petroleum Corp to about 23.6% after buying nearly 3.7 million additional s[...]
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S&P 500 ends up slightly; SVB deal lifts bank shares
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 ended slightly higher on Monday as a deal for Silicon Valley Bank’s assets helped to boost bank shares, while a decline in tec[...]
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Food prices push UK shop price inflation to new high: BRC
LONDON (Reuters) – Soaring food prices pushed annual inflation in British shops to its highest in at least 18 years in March, industry data showed on Tuesday. The British Retail Consortium said[...]
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U.S. judge ‘troubled’ by Alex Jones’ bankruptcy evasion
By Dietrich Knauth (Reuters) – A U.S. bankruptcy judge said on Monday he was “troubled” by right-wing conspiracy theorist Alex Jones’ recent effort to shift advertising revenue[...]
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Bed Bath & Beyond cuts 1,300 jobs in New Jersey (March 24)
(Reuters) – Bed Bath & Beyond Inc is laying off about 1,300 employees at four locations in New Jersey, including at discount health and beauty chain Harmon, a Worker Adjustment and Retrainin[...]
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Fed’s Jefferson: Stress among small, regional banks, could hit small businesses hardest
By Howard Schneider LEXINGTON, Virginia (Reuters) -The shuffling of deposits from small to large banks could have a disproportionate impact on U.S. small businesses that depend heavily on community an[...]
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Virgin Orbit extends worker furlough, continues funding talks -CEO
By Joey Roulette (Reuters) – Billionaire Richard Branson’s cash-strapped Virgin Orbit Holdings will extend an unpaid furlough for most of its employees as talks seeking new funding continu[...]
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