(Reuters) – U.S. railroad operator CSX Corp on Thursday missed Wall Street estimates for third-quarter profit, as a decline in intermodal freight volumes more than offset pricing gains. Inflatio[...]
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October 19, 2023
Toyota to adopt Tesla EV charging standard from 2025
(Reuters) -Japan’s Toyota Motor, the world’s largest automaker by sales, said on Thursday it had signed an agreement to adopt Tesla’s electric-vehicle charging technology from 2025.[...]
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Tesla CEO Musk’s demand warning sparks selloff in EV stocks
By Aditya Soni and Akash Sriram (Reuters) – Elon Musk’s warning that high interest rates could sap electric-vehicle demand knocked shares of the sector on Thursday, with some analysts ques[...]
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Walgreens to settle Rite Aid investors’ merger claims for $192 million
(Reuters) -Walgreens Boots Alliance has agreed to pay $192.5 million to settle a class action lawsuit by investors in Rite Aid who accused Walgreens of misleading them in 2017 about scrutiny of the tw[...]
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Wall St ends lower on Powell remarks as benchmark Treasury yields near 5%
By Stephen Culp NEW YORK (Reuters) – U.S. stocks slid and 10-year U.S. Treasury yields reached a 16-year high after U.S. Federal Reserve Chairman Jerome Powell said that additional interest rate[...]
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L’Oreal sales up despite muted recovery in China
By Mimosa Spencer PARIS (Reuters) -L’Oreal reported a brisk rise in third quarter sales on Thursday, lifted by growth in Europe and an acceleration in the United States, but missed expectations[...]
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Portugal to define size of TAP stake for sale once proposals submitted – minister
By Sergio Goncalves LISBON (Reuters) – Portugal will decide on the size of the stake it will sell in flag carrier TAP once competitors present their proposals, Infrastructure Minister Joao Galam[...]
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Fed’s Bostic: Lowering inflation still main US central bank mission
NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that controlling inflation is still the U.S. central bank’s mission, although he did not say[...]
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As Google pushes deeper into AI, publishers see fresh challenges
By Helen Coster NEW YORK (Reuters) -You may never have to read another news story in your life, if you have artificial intelligence that can digest all the web’s information and serve up a summary on[...]
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