By Hannah Lang, Tatiana Bautzer, Pete Schroeder and Ann Saphir WASHINGTON/NEW YORK (Reuters) – The former chief executive of Silicon Valley Bank defended the U.S. lender’s efforts to manag[...]
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May 16, 2023
US Fed’s Logan says ‘smaller, less frequent’ hikes may be safer for stability
AMELIA ISLAND, Florida (Reuters) – Changing interest rates in “smaller, less frequent steps” can make it less likely that U.S. Federal Reserve monetary policy causes financial instab[...]
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Lyft says CFO Paul to step down, appoints replacement
(Reuters) -Lyft Inc said on Tuesday Erin Brewer will replace chief financial officer Elaine Paul, who is leaving the ride hailing company months after a new CEO was appointed. The company said Paul, w[...]
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New York Community Bancorp announces secondary share offering by FDIC
(Reuters) – New York Community Bancorp Inc said on Tuesday the Federal Deposit Insurance Corporation is selling the bank’s shares owned by the regulator following the Signature Bank deal.[...]
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Shake Shack settles with activist investor, adds independent director
(Reuters) -Shake Shack Inc on Tuesday added an independent director in agreement with Engaged Capital LLC, avoiding a potential proxy battle between the activist investor and the restaurant chain. Thi[...]
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US officials remove key obstacle to Thacker Pass lithium project
By Ernest Scheyder (Reuters) -The U.S. Interior Department on Tuesday removed one of the last remaining obstacles to Lithium Americas Corp’s Thacker Pass mine project in Nevada by finding nearly[...]
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Dollar drifts higher as US debt ceiling in spotlight
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar edged higher on Tuesday in choppy trading, with no clear direction, as investors kept an eye on debt ceiling talks to avert a possible[...]
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Vice Media gets court sign-off for bankruptcy loan
By Dietrich Knauth NEW YORK (Reuters) – Vice Media received court permission on Tuesday to borrow $5 million to fund its bankruptcy, saying it will use the money in part to pay freelancers and p[...]
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Texas settles with Marriott, sues Hyatt over “resort fees”
By Doyinsola Oladipo NEW YORK (Reuters) -The State of Texas and Marriott International Inc on Tuesday entered a voluntary agreement to prominently display all “resort fees” and to increase[...]
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