By Chavi Mehta, Stephen Nellis and Jane Lanhee Lee (Reuters) -Chipmaker Intel Corp on Thursday said slumping gross margins will improve in the second half of the year, a welcome sign in a difficult ec[...]
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April 27, 2023
Auto workers union, Sanders blast GM for wages at US battery plant
By David Shepardson WASHINGTON (Reuters) – United Auto Workers (UAW) union President Shawn Fain and U.S. Senator Bernie Sanders on Thursday criticized a General Motors joint venture battery plan[...]
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Drugmakers scout for deals, ramp up research spending
By Manas Mishra and Patrick Wingrove (Reuters) – Drugmakers including Merck & Co, AstraZeneca Plc and AbbVie Inc said on Thursday they are open to acquisitions and reported a ramp up in rese[...]
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Marathon to pay $27.5 million for failing to curb California plant pollution
By Laura Sanicola (Reuters) – Marathon Petroleum will pay a $27.5 million penalty and surrender emissions trading credits after the operator of the Martinez, California, plant violated a legal a[...]
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U.S. trade consultations on Mexico’s GMO corn rule ‘unacceptable violation’ of law – Mexican official
By Adriana Barrera MEXICO CITY (Reuters) – Trade consultations requested by the United States on Mexico’s plan to limit the use of genetically modified corn are an “unacceptable viol[...]
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US appeals court rejects bid by states to revive antitrust lawsuit against Facebook
WASHINGTON (Reuters) -A U.S. appeals court on Thursday refused to revive a lawsuit filed by states against Meta’s Facebook that alleged the company had broken antitrust law. Dozens of states led[...]
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Canadian Senate passes bill to compel local content on streaming giants
By Ismail Shakil OTTAWA (Reuters) – Canada’s Senate on Thursday passed the government’s online streaming legislation after a 10-month debate over a law that will force firms like Net[...]
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Toblerone maker Mondelez lifts forecasts on price hikes, firm demand
By Granth Vanaik (Reuters) -Mondelez International Inc on Thursday raised its annual forecasts on steady demand for its chocolates and biscuits despite price hikes. Packaged food makers have been rais[...]
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Wall St rallies as earnings season boost offsets economy worries
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – The tech-heavy Nasdaq led a Wall Street rally on Thursday as a strong quarterly report from Facebook parent Meta Platforms Inc overs[...]
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