(This Aug. 24 story has been corrected to add that Barclays co-led the financing in paragraph 20) By Abigail Summerville, Anirban Sen and Deborah Mary Sophia NEW YORK (Reuters) – Private equity[...]
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September 6, 2023
US Senate confirms Jefferson as Fed vice chair, Cook to new term on board
By Ann Saphir and Richard Cowan (Reuters) -The U.S. Senate on Wednesday confirmed Philip Jefferson as vice chair of the Federal Reserve in an 88-10 vote that signaled broad bipartisan support for the[...]
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Comcast moves up date for Hulu deal with Disney to Sept 30
By Helen Coster and Samrhitha A (Reuters) -Comcast has moved up the date for the sale or purchase of its remaining stake in Hulu to Disney to Sept. 30 this year, CEO Brian Roberts said on Wednesday. “[...]
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Former Amazon executive Dave Clark to resign as Flexport CEO
By Lisa Baertlein LOS ANGELES (Reuters) -Former Amazon executive Dave Clark on Wednesday announced that he will resign as CEO of U.S. logistics startup Flexport about a year after he joined the compan[...]
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Australian regulator sues PayPal unit over unfair term in small business contracts
(Reuters) – Australia’s securities regulator said on Thursday it will take PayPal’s local arm to court alleging that the digital payments giant’s standard contracts with small[...]
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Wall St slides as economic data stokes inflation and interest rate worries
By Sinéad Carew and Shristi Achar A (Reuters) – Wall Street’s three major averages closed lower on Wednesday with the Nasdaq’s 1% loss leading declines after stronger-than-expected s[...]
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GameStop rides on online pivot, videogame demand to beat estimates
By Akash Sriram (Reuters) -GameStop on Wednesday beat Wall Street estimates for quarterly revenue and posted a smaller-than-expected loss, buoyed by strong demand for videogames, collectibles and cons[...]
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Marketmind: Brittle markets brace for China trade blues
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set to open on the defensive on Thursday, with investor[...]
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Genesis Global Capital seeks to recoup over $600 million unpaid DCG loans
NEW YORK (Reuters) – Digital Currency Group was sued on Wednesday by its bankrupt Genesis Global Capital cryptocurrency lending unit, as both sides negotiate DCG’s repayment on more than $[...]
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