By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Tuesday and benchmark Treasury yields extended their rise as mixed economic data, weak corporate results and ongoing debt ceiling[...]
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May 16, 2023
Bridgewater dumps bank stocks amid turmoil in first quarter -filings
(This May 15 story has been corrected to say ‘million,’ not ‘billion,’ in paragraph 8) By Carolina Mandl SAO PAULO (Reuters) – Bridgewater Associates, one of the world[...]
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Biden administration announces $11 billion for rural clean energy projects
By Leah Douglas WASHINGTON (Reuters) -Rural electric cooperatives, utilities, and other energy providers will soon be able to apply for nearly $11 billion in grants and loans for clean energy projects[...]
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Taco Bell seeks to cancel smaller rivals’ ‘Taco Tuesday’ trademarks
By Blake Brittain (Reuters) -Yum Brands Inc’ Taco Bell Corp on Tuesday asked the U.S. Trademark Office to cancel two smaller rivals’ “Taco Tuesday” trademarks in what the large[...]
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Mexican president: ‘No problem’ if Grupo Mexico buys Citi’s Banamex unit
By Brendan O’Boyle MEXICO CITY (Reuters) -Negotiations over the sale of Citigroup Inc’s Mexican retail bank Citibanamex are “going really well” and the government is upbeat abo[...]
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J&J’s proposed talc settlement would pay $400 million to US state AGs
By Dietrich Knauth NEW YORK (Reuters) – Johnson & Johnson has set aside $400 million to resolve U.S. state consumer protection actions as part of its broader $8.9 billion effort to settle cl[...]
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US Commerce chief says green steel pact would combat excess Chinese output
By David Lawder WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Tuesday the Biden administration was “extremely focused” on reaching a “green steel”[...]
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Wells Fargo to pay $1 billion to settle shareholder lawsuit over recovery from scandals
By Jonathan Stempel NEW YORK (Reuters) -Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of s[...]
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Blackstone, Thomson Reuters consortium looks to sell further $3 billion in LSEG shares
LONDON (Reuters) -An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters, the publisher of Reuters News, is looking to sell around $3 billion worth of shares in the London St[...]
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