By Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden and House Republican Speaker Kevin McCarthy are nearing a deal to lift the debt ceiling that would trim some U.S. federal spend[...]
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May 26, 2023
Exclusive-Francisco Partners, TPG end talks to buy New Relic -sources
By Anirban Sen and Milana Vinn NEW YORK (Reuters) – Private equity firms Francisco Partners and TPG Inc have ended talks to acquire New Relic Inc after they failed to secure enough debt financin[...]
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Ford, Tesla shares jump over 7% on Superchargers deal
By Shivansh Tiwary and David Shepardson (Reuters) -Ford Motor Co shares jumped by more than 7% on Friday after the No. 2 U.S. automaker announced a deal allowing its electric-vehicle owners to access[...]
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Cummins engine filter unit valued at $1.8 billion in strong market debut
By Jaiveer Shekhawat and Echo Wang (Reuters) -Atmus Filtration Technologies Inc, the filtration business of U.S. diesel engine maker Cummins Inc, fetched a valuation of $1.8 billion in a strong market[...]
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Canada’s 2022-23 fiscal year budget deficit shrinks to C$41.31 billion
OTTAWA, May 26 (Reuters) – Canada’s budget deficit in fiscal 2022/23 shrank to C$41.31 billion ($30.89 billion) from C$95.57 billion in the previous year as a post-pandemic economic reboun[...]
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Fed ‘pause’ on rate hikes in doubt after strong US data
By Ann Saphir and Michael S. Derby (Reuters) -Federal Reserve policymakers got a dose of unexpectedly strong U.S. economic data on Friday that bolstered the case for further monetary policy tightening[...]
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US judge rejects challenges to Apple’s $50 million keyboard settlement
By Mike Scarcella (Reuters) – A U.S. judge on Thursday approved Apple Inc’s $50 million class-action settlement resolving consumer claims over certain defective MacBook keyboards, in a rul[...]
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Glass Lewis recommends investors vote against Toyota chairman
By Makiko Yamazaki and Daniel Leussink TOKYO (Reuters) -Proxy adviser Glass Lewis has recommended that shareholders of Toyota Motor Corp vote against the re-election of Chairman Akio Toyoda as a board[...]
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Treasury’s Yellen notes US economic resilience in meeting with IMF’s Georgieva
WASHINGTON (Reuters) – Treasury Secretary Janet Yellen spoke about the U.S. economy’s resilience in the face of global headwinds in a meeting Friday with International Monetary Fund (IMF)[...]
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