By Paul Sandle LONDON (Reuters) – Britain placed another hurdle in the way of Microsoft’s $69-billion mega purchase of “Call of Duty” maker Activision Blizzard, saying it could[...]
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February 8, 2023
New York Times earnings boosted by digital bundling push
By Samrhitha A (Reuters) – The New York Times Co beat Wall Street estimates for quarterly earnings on Wednesday as more people signed up for its digital subscription bundles, offsetting a slowdo[...]
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Yum Brands beats estimates as Taco Bell lures value hunters
By Deborah Mary Sophia and Hilary Russ (Reuters) -Yum Brands Inc beat Street estimates for quarterly sales and profit on Wednesday, as strong demand for wallet-friendly meals at its Taco Bell restaura[...]
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U.S. recession still likely despite resilient economic data – PIMCO
NEW YORK (Reuters) – U.S. bond manager Pacific Investment Management Company (PIMCO) is sticking to its previous forecast that the U.S. economy is headed toward a recession, despite recent data[...]
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Google to beef up search with AI, setting stage for showdown with Bing
By Supantha Mukherjee and Martin Coulter STOCKHOLM/LONDON (Reuters) -Alphabet’s Google on Wednesday said it will enhance search results with generative AI features, in its latest salvo against M[...]
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BMW and VW win appeal over UK antitrust information request
LONDON (Reuters) – BMW and Volkswagen won an appeal in a London tribunal on Wednesday over the British antitrust regulator’s powers to demand information from companies based outside the U[...]
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U.S. wholesale inventories post smallest gain in 2-1/2 years; sales muted
WASHINGTON (Reuters) -U.S. wholesale inventories recorded their smallest increase in nearly 2-1/2 years in December, suggesting that businesses were holding back on placing new orders for goods amid a[...]
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China car sales plunge 38% in January as subsidies, tax cut end
SHANGHAI/BEIJING (Reuters) – China’s passenger car sales slumped 38% in January, reversing a 2.4% gain in the previous month, industry data showed on Wednesday, as demand weakened after a[...]
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Bed Bath & Beyond staves off bankruptcy with $225 million from stock sale
By Mike Spector, Jessica DiNapoli, Deborah Mary Sophia and Siddharth Cavale (Reuters) – Bed Bath & Beyond Inc said on Tuesday it raised about $225 million in an equity offering and may get a[...]
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