By Noele Illien and John Revill ZURICH (Reuters) – UBS has been ordered to pay $388 million to British and U.S. regulators over Credit Suisse’s dealings with private investment firm Archeg[...]
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July 24, 2023
Google owes $338.7 million in Chromecast patent case, US jury says
By Blake Brittain (Reuters) -Alphabet’s Google violated a software developer’s patent rights with its remote-streaming technology and must pay $338.7 million in damages, a federal jury in[...]
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US fuelmaker profits to fall from last year’s records
By Laura Sanicola (Reuters) – U.S. refining profits are expected to fall from last year’s records but remain strong as domestic refining outages and increased foreign competition pose chal[...]
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U.S. business activity growth slows as services soften
By Safiyah Riddle (Reuters) -U.S. business activity slowed to a five-month low in July, dragged down by decelerating service-sector growth, closely watched survey data on Monday showed, but falling in[...]
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Toyota’s China joint venture dismisses about 1000 workers
SHANGHAI/TOKYO (Reuters) -Toyota Motor’s joint venture (JV) in China said on Monday that it has terminated early the contracts of about 1,000 dispatch workers, in a sign of pressure on automaker[...]
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Analysis-Bumpy road ahead for US gasoline demand and energy transition
By Shariq Khan (Reuters) – While U.S. gasoline demand is unlikely to rescale the pre-pandemic peaks of 2018 as the energy transition accelerates, the pace of its decline is uncertain, illustrati[...]
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Canadian market participants see rates staying at 5% in 2023 -BoC survey
OTTAWA (Reuters) – The Bank of Canada (BoC) will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by[...]
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Elon Musk says Twitter’s blue bird logo to be replaced by an X
By Mrinmay Dey and Michelle Conlin (Reuters) -Twitter Inc owner Elon Musk on Sunday signaled he would do more to take the social media company in a new direction with a rebranding that will replace it[...]
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Fed fines UBS $268.5 million for Credit Suisse missteps with Archegos
WASHINGTON (Reuters) – The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse’s misconduct around its dealings with the defunct investment fir[...]
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