By Stephen Culp NEW YORK (Reuters) – Wall Street rallied to a higher close on Wednesday, gathering momentum throughout the afternoon trading, and the dollar touched a six-week high as regional b[...]
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May 17, 2023
Broadcom offers VMware interoperability remedies to address EU concerns -sources
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom has offered interoperability remedies in an effort to address European Union antitrust concerns over its $61 billion VMware bid, peop[...]
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FedEx pilots vote in favor of strike in push for pay rise
By Nathan Gomes (Reuters) -Pilots of FedEx Corp’s air delivery unit on Wednesday voted “overwhelmingly” in favor of a strike if needed, the Air Line Pilots Association said as it ent[...]
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U.S. Republican-led states move to block Biden ESG investing rule
By Daniel Wiessner (Reuters) – A group of Republican-led U.S. states has asked a federal judge in Texas to strike down a Biden administration rule allowing socially conscious investing by retire[...]
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Ex-First Republic CEO blames contagion for bank’s collapse
(Reuters) – The former chief executive of the First Republic Bank Michael Roffler blamed the bank’s collapse on the contagion from the failures of other regional banks and said regulators[...]
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U.S. lawmakers want to bar automakers from eliminating AM radio in new vehicles
WASHINGTON (Reuters) – A group of bipartisan U.S. lawmakers introduced legislation Wednesday to bar automakers from eliminating AM broadcast radio in their new vehicles citing safety concerns. D[...]
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NY Fed report finds decline in downside economic risks
By Michael S. Derby NEW YORK (Reuters) – Risks to the economic outlook in a time of a rapid Federal Reserve rate increases remains high, even as it eased a bit, according to a report Wednesday f[...]
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Oil settles up $2 on optimism about US debt ceiling, demand
By Laura Sanicola (Reuters) -Oil prices settled up about $2 on Wednesday as optimism over oil demand and U.S. debt ceiling negotiations outweighed worries about abundant supply. Brent crude futures se[...]
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Volkswagen plans core brand revamp to boost returns -internal memo
BERLIN (Reuters) -German carmaker Volkswagen plans to overhaul its core brand to increase efficiency and returns, according to an internal memo from VW brand chief Thomas Schaefer seen by Reuters on W[...]
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