(Reuters) -Choice Hotels said on Wednesday that it had asked the board of U.S. budget hotel operator Wyndham Hotels and Resorts to engage in merger talks. This comes about a week after Wyndham rejecte[...]
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October 25, 2023
Conservatives challenging Nasdaq board diversity rule appeal to full 5th Circuit
By Jody Godoy (Reuters) – A conservative group that lost a challenge to Nasdaq’s board diversity disclosure rule appealed the decision on Wednesday, requesting a full court review and sayi[...]
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Stocks struggle as soft earnings compound interest rate headache
By Lawrence Delevingne (Reuters) -Stocks slipped on Wednesday after the latest round of earnings prompted concern among investors over the economic outlook, adding to the angst over painfully high int[...]
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Ameriprise Financial profit rises as AUM, client assets climb
(Reuters) – Financial adviser Ameriprise Financial on Wednesday reported a jump in third-quarter adjusted profit, helped by higher client assets and a boost in its assets under management. Total[...]
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US SEC enforcement penalties fell in FY2023 even as industry bars rose -official
By Chris Prentice WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) levied $5 billion through enforcement actions and barred more than 100 individuals from serving as comp[...]
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Oil prices settle up about 2% on worries about Middle East
By Nicole Jao NEW YORK (Reuters) -Oil prices rose about 2% on Wednesday, buoyed by worries about conflict in the Middle East, but gains were capped by higher U.S. crude inventories and gloomy economic[...]
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Ackman’s bet against US Treasuries pays off with $200 million profit
By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire hedge fund manager Bill Ackman, who traditionally invests in stocks, earned roughly $200 million from a bet against U.S. 30-year Treasury[...]
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Warner Bros Discovery shuffles consumer products unit as its head departs
(Reuters) – Warner Bros Discovery said on Wednesday the head of its consumer products division, Pam Lifford, was leaving and her role would be divided among senior leaders. Robert Oberschelp, wh[...]
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Alphabet shares sink as Microsoft extends cloud lead with focus on OpenAI
By Aditya Soni and Krystal Hu (Reuters) -Alphabet shares slumped on Wednesday after its cloud unit’s growth fell to near a three-year low, paling in comparison to Microsoft’s relative succ[...]
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