By Caroline Valetkevitch NEW YORK (Reuters) – Brent crude oil climbed $5 a barrel on Monday after Saudi Arabia and other OPEC+ producers announced new production cuts, and gains in energy shares[...]
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April 3, 2023
Yellen says not willing to allow contagious bank runs to develop
By David Lawder NEW HAVEN, Conn. (Reuters) – U.S. Treasury Secretary Janet Yellen on Monday said deposit outflows from small and medium-sized banks were diminishing, but she was watching the sit[...]
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Rising rates put pressure on U.S. insurers’ reserves, Fitch says
NEW YORK (Reuters) – Rising interest rates are eating into the reserves that U.S. life insurers must hold to deal with rate fluctuations, ratings agency Fitch Ratings said on Monday, creating an[...]
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Exclusive-US to build $300 million database to fuel Alzheimer’s research
By Julie Steenhuysen CHICAGO (Reuters) – The U.S. National Institute on Aging (NIA) is funding a 6-year, up to $300 million project to build a massive Alzheimer’s research database that ca[...]
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WWE, Endeavor-owned UFC to merge into $21 billion entertainment giant
By Tiyashi Datta, Dawn Chmielewski and Milana Vinn (Reuters) – World Wrestling Entertainment Inc will combine with Endeavor Group-owned mixed martial arts franchise UFC to form a new, publicly l[...]
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Merrill agrees to pay over $9.5 million to settle SEC charges over fee disclosures
By Chris Prentice NEW YORK (Reuters) -Bank of America’s investment management unit has agreed to pay over $9.5 million to settle U.S. Securities and Exchange Commission charges that it failed to[...]
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Goodyear wins reversal of $64 million loss in tire trade-secret case
By Blake Brittain (Reuters) -Goodyear Tire & Rubber Co convinced an Ohio federal judge on Friday to throw out a $64 million jury verdict over its alleged theft of trade secrets related to self-inf[...]
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Copper miner Teck Resources rejects Glencore’s $22.5 billion offer
By Clara Denina and Pratima Desai LONDON (Reuters) -putting down for author to review and revise -dg Copper and zinc miner Teck Resources on Monday rejected an unsolicited $22.5 billion bid from Glenc[...]
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FDIC announces sale process of former Signature Bank loan portfolio
(Reuters) – The Federal Deposit Insurance Corporation (FDIC) on Monday announced the marketing process for the about $60 billion loan portfolio retained in receivership following the failure of[...]
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