By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials “generally agreed” last month that the need for further interest rate increases “had become less certain,[...]
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May 24, 2023
Activist firm Jana eyes boardroom fight at Freshpet
By Svea Herbst-Bayliss NEW YORK (Reuters) – Jana Partners, the biggest investor in pet food company Freshpet , wants to replace four board members to better supervise capital expenditures and po[...]
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PacWest shares slip as debt ceiling concerns overshadow asset sale optimism
(Reuters) -Shares of U.S. regional lender PacWest Bancorp fell nearly 2% on Wednesday, as investor optimism over its property lending unit sale and the divestment of real estate loans became overshado[...]
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Yellen: greater concentration among largest banks not desirable
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that seeing a greater concentration among the largest banks would not be desirable and she believes it is important to main[...]
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Biden administration backs Google in song lyrics case at Supreme Court
By Blake Brittain (Reuters) -The Biden administration’s U.S. solicitor general said Tuesday that the U.S. Supreme Court should not review a ruling won by Alphabet’s Google LLC against song[...]
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Citigroup scraps Mexico unit sale, will pursue IPO instead
By Tatiana Bautzer, Saeed Azhar and Isabel Woodford NEW YORK/LONDON (Reuters) – Citigroup Inc scrapped a $7-billion sale of its Mexican consumer unit and will list it instead, in a surprise move[...]
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Fed’s Waller: inverted yield curve may signal belief in falling inflation
(Reuters) – Federal Reserve Governor Christopher Waller on Wednesday said that while inverted yield curves in the context of stable inflation often point to a bad economic outlook, the current y[...]
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Deutsche, Citi admit anti-competitive bond market activity in UK probe
By Sinead Cruise and Amy-Jo Crowley LONDON (Reuters) -Deutsche Bank and Citigroup admitted anti-competitive activity by exchanging sensitive information on UK government bonds between 2009 and 2013, B[...]
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White House says China’s actions on Micron won’t torpedo relations
By Andrea Shalal and Susan Heavey WASHINGTON (Reuters) – China’s move on Micron Technology Inc won’t torpedo larger efforts to get U.S.-China relations into better position, White Ho[...]
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