By Andrea Shalal and David Lawder WASHINGTON (Reuters) -The International Monetary Fund plans to tell China to boost weak domestic consumption, address its troubled real estate sector and rein in loca[...]
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September 15, 2023
Wall Street ends sharply lower as chipmakers and megacaps slide
By Noel Randewich and Ankika Biswas (Reuters) – U.S. stocks ended sharply lower on Friday as chipmakers dropped on concerns about weak consumer demand, while rising Treasury yields pressured Ama[...]
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Factbox-Detroit Three plants where UAW is on strike
(Reuters) – The United Auto Workers union began unprecedented, simultaneous walkouts at General Motors, Ford and Chrysler parent Stellantis’ U.S. operations early on Friday after failing t[...]
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SoftBank’s chip designer Arm ends down, day after $65 billion Nasdaq debut
By Manya Saini and Caroline Valetkevitch (Reuters) -Shares of SoftBank’s Arm Holdings closed a volatile session lower on Friday, a day after a stellar Nasdaq debut that valued the British chip d[...]
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US FAA cuts minimum flight requirements at New York airports through late 2024
By David Shepardson WASHINGTON (Reuters) – Citing air traffic controller staffing issues, U.S. regulators announced on Friday they will again extend cuts to minimum flight requirements at conges[...]
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SVB Financial nears deal to sell VC arm, Scaramucci leading bidder – WSJ
(Reuters) – SVB Financial Group is closing in on an agreement to sell its venture-capital and credit investment business SVB Capital in order to avoid bankruptcy, the Wall Street Journal reporte[...]
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US Senator Warren presses Pentagon on L3 Harris deal to buy Aerojet
By Diane Bartz WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren, a Democrat who wants more mergers scrutinized, questioned Defense Secretary Lloyd Austin about the Pentagon’s role in t[...]
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Valero Energy authorizes share repurchase of up to $2.5 billion
(Reuters) – Refiner Valero Energy on Friday authorized a share repurchase of up to $2.5 billion, with no expiration date. The buyback would be in addition to the amount remaining available for p[...]
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TikTok fined 345 million euros over handling of children’s data in Europe
DUBLIN (Reuters) – TikTok has been fined 345 million euros ($370 million) for breaching privacy laws regarding the processing of children’s personal data in the European Union, its lead re[...]
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