(Reuters) -Activist investor Carl Icahn and Illumina Inc had weeks-long private negotiations before he started a proxy fight to push the U.S. life sciences firm to unwind its 2021 buyout of Grail, a r[...]
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March 30, 2023
Community banks should not feel deposit insurance pain, White House says
By Douglas Gillison and Pete Schroeder (Reuters) – The White House on Thursday moved to reassure the nation’s community banks that they would not have to foot a $23 billion bill for replen[...]
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Australian housing may have found a floor, defying crash predictions
By Stella Qiu SYDNEY (Reuters) – A year-long slide in Australian home prices is showing signs of bottoming out far earlier than anyone thought possible, greatly lessening the risk of a jump in d[...]
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Exclusive-Refiner Valero seeks US approval to import Venezuelan oil -sources
By Marianna Parraga and Matt Spetalnick HOUSTON/WASHINGTON (Reuters) -Valero Energy Corp, the second-largest U.S. oil refiner, is seeking Washington’s permission to import Venezuelan crude, acco[...]
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Fed officials keep rate hike door open, say bank stress may weigh on outlook
By Michael S. Derby, Ann Saphir and Howard Schneider WASHINGTON (Reuters) -Three Federal Reserve officials kept the door open on Thursday to more rate rises aimed at lowering high levels of inflation,[...]
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ABC News lays off senior executives in Disney’s cost-cutting drive
(Clarifies the timing of the layoffs, which will happen in phases, in first and last paragraphs; not all job cuts happened Thursday) (Reuters) – Walt Disney Co’s ABC News laid off several[...]
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Jared Kushner’s PE firm was backed by Emirates, Qatar – NYT
(Reuters) – Wealth funds in the United Arab Emirates (UAE) and Qatar have invested hundreds of millions of dollars with former U.S. President Donald Trump’s son-in-law Jared Kushner’[...]
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Manchester United back in the black ahead of potential sale
(Reuters) -Manchester United swung to a second-quarter net profit on the back of higher commercial revenue and lower wages, the club said on Thursday. Net profit came in at 6.3 million pounds ($7.78 m[...]
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TSX climbs to three-week high on broad-based gains
By Fergal Smith (Reuters) -Canada’s main stock index rose on Thursday to its highest closing level in three weeks, in a broad-based rally, as easing stress in the global banking sector bolstered[...]
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