By Yuvraj Malik (Reuters) -Bumble founder Whitney Wolfe Herd will step down as CEO of the dating apps operator and hand over the role to seasoned executive Lidiane Jones, knocking its shares down 10%[...]
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November 6, 2023
Moody’s places Telecom Italia’s ratings on watch after $20 billion KKR deal
(Reuters) -Credit ratings agency Moody’s on Monday said it has placed Telecom Italia’s B1 ratings on review for upgrade after the company’s board approved KKR’s 19 billion euro[...]
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China’s trade slump likely eased further in October: Reuters poll
By Joe Cash BEIJING (Reuters) – China’s exports likely fell more slowly for a third consecutive month in October, a Reuters poll showed, adding to signs that the economy is stabilising eve[...]
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Tyson recalls 30,000 pounds of Dino Chicken Nuggets
(Reuters) -U.S. food company Tyson Foods has said it was voluntarily recalling approximately 30,000 pounds of frozen, fully cooked dinosaur-shaped chicken “Fun Nuggets” or Dino Chicken Nuggets. A limi[...]
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Music royalty fund Hipgnosis freezes dividend pay till new fiscal year
(Reuters) -Hipgnosis Songs Fund Ltd, which had been undertaking a review of its financial position, said on Monday it would not declare dividends before its new fiscal year starting April 1 to save ca[...]
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Telecom Italia approves KKR’s $20 billion grid bid in blow for Vivendi
By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) on Sunday approved the 19 billion euro ($20 billion) sale of its fixed-line network to U.S. private equity firm KKR, becoming the first telecoms[...]
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Fed’s Cook says hopes current policy setting is adequate to settle inflation
WASHINGTON (Reuters) – Federal Reserve Gov. Lisa Cook said she hopes the central bank’s current target interest rate is adequate to return inflation to the Fed’s 2% target. The Fed l[...]
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Vivendi legal threat clouds Telecom Italia grid deal
By Elvira Pollina MILAN (Reuters) -Shares in Telecom Italia (TIM) slipped on Monday after investor Vivendi threatened a legal challenge to the former phone monopoly’s plan to sell its network gr[...]
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Birkenstock gets Wall Street’s top rating on capacity boost, expansion
(Reuters) – Wall Street brokerages largely initiated Birkenstock with their top ratings, pointing to a likely boost from the German luxury sandal maker’s recent investments to increase cap[...]
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