By Greg Roumeliotis, Anirban Sen and David Carnevali NEW YORK (Reuters) -U.S. Steel Corp is locked in a spat with rival steelmaker Cleveland-Cliffs Inc over a confidentiality pact that would allow the[...]
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September 20, 2023
Klaviyo, Arm, Instacart wobble, raising doubts over IPO revival
By Caroline Valetkevitch NEW YORK (Reuters) -Marketing automation firm Klaviyo’s shares closed well below their first-day high on Wednesday, while a slump in the stocks of Arm Holdings and Insta[...]
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Amazon drops planned merchant fee as FTC lawsuit looms
(Reuters) -Amazon.com is scrapping a plan to charge merchants who do not use its shipping services an additional fee, a company spokesperson said on Wednesday, signaling that the e-commerce giant was[...]
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US Republicans push for security review of China-linked battery company
WASHINGTON (Reuters) – Republican lawmakers on Wednesday urged the U.S. Treasury Department to conduct a security review over China-linked ownership of Gotion Inc, which plans to build electric[...]
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Powell says soft-landing not baseline, but it’s sure in the forecast
By Ann Saphir WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell declined on Wednesday to say he expects a “soft landing” for the U.S. economy, but that sure was the picture painted[...]
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Fed keeps rates steady, toughens policy stance as ‘soft landing’ hopes grow
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increa[...]
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Exxon sees $16 billion in earnings for fuels, chemicals by 2027
By Erwin Seba HOUSTON (Reuters) – Exxon Mobil Corp expects its motor fuels and chemicals earnings to reach $16 billion by 2027, up about $4 billion from current levels as demand continues to ris[...]
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Proxy advisor ISS opposes Stratasys, Desktop Metal merger in 3D printing
By Svea Herbst-Bayliss NEW YORK (Reuters) – Influential proxy advisory firm Institutional Shareholder Services recommended 3D printer manufacturer Stratasys shareholders reject plans to buy Desk[...]
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UK firm sold thousands of unverified jet engine parts – CFM
By Sam Tobin and Tim Hepher LONDON (Reuters) – Jet engine maker CFM International said on Wednesday thousands of engine components may have been sold with forged paperwork by a British distribut[...]
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