By Bianca Flowers and Shivansh Tiwary (Reuters) -Deere & Co forecast 2024 profits below analysts’ expectations on Wednesday, saying high borrowing costs and tighter budgets will likely dent[...]
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November 22, 2023
Big investors say US markets rally could prove short-lived
By Carolina Mandl, Svea Herbst-Bayliss and David Randall NEW YORK (Reuters) -The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big[...]
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New Enel CEO turns more cautious on renewable projects
By Francesca Landini and Giancarlo Navach MILAN (Reuters) -Italy’s Enel will focus its investments on power grids in the next three years and take a more cautious approach to spending on renewab[...]
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Bankrupt WeWork enters financing agreements with certain lenders
(Reuters) -WeWork said on Tuesday it had secured commitments for up to $682.5 million in debtor-in-possession financing from some of its lenders, weeks after the shared office space provider filed for[...]
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Nvidia shares drop as China worries overshadow stellar forecast
By Arsheeya Bajwa and Chavi Mehta (Reuters) – Nvidia shares fell nearly 4% on Wednesday on fears that widening U.S. chip curbs would sap growth in China, its third largest market, and curtail th[...]
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Monsanto hit with $165 million verdict over PCBs in Seattle school
By Clark Mindock (Reuters) – A U.S. jury has ordered Bayer’s Monsanto to pay $165 million to employees of a school northeast of Seattle who claimed chemicals made by the company called pol[...]
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Broadcom closes $69 billion VMware deal after China approval
By Harshita Mary Varghese (Reuters) – Broadcom on Wednesday closed its $69 billion acquisition of cloud-computing firm VMware after receiving regulatory approval in last major market China and e[...]
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Reaction to Sam Altman’s return as OpenAI CEO
(Reuters) – OpenAI said on Tuesday it had reached an agreement for Sam Altman to return as CEO days after his ouster, capping frenzied discussions about the future of the startup at the center o[...]
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LVMH reshuffle puts Bernard Arnault’s son Antoine in spotlight
By Mimosa Spencer PARIS (Reuters) -Antoine Arnault, one of Bernard Arnault’s five children, will step back from the day-to-day management of upmarket menswear label Berluti in January, LVMH said[...]
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