(Reuters) -FedEx Corp on Monday appointed former CEO of Atlas Air Worldwide John Dietrich as chief financial officer, effective Aug. 1. He will succeed Michael Lenz, who will serve as a senior advisor[...]
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July 17, 2023
CDS panel rules UBS is sole successor to Credit Suisse after merger
LONDON (Reuters) -A committee that reviews disputes in the credit default swaps (CDS) market said on Monday that UBS is the sole successor to Credit Suisse Group following the merger of the two banks.[...]
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Tesla directors pay $735 million to settle lawsuit over excess compensation
By Tom Hals WILMINGTON, Delaware (Reuters) -Tesla Inc’s directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder sett[...]
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Evergrande’s overdue results show steep losses, liabilities
By Clare Jim HONG KONG (Reuters) -China Evergrande Group, the world’s most indebted property developer, posted a combined loss of $81 billion in 2021 and 2022 and a rise in total liabilities in[...]
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Space investments stay flat in Q2 as market shows signs of stabilization – report
By Akash Sriram (Reuters) – Investments in space startups stayed flat in the second quarter, a positive sign for a sector that faced a funding slump over the past few quarters due to the grim ec[...]
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Tesla sues Australia’s Cap-XX over EV battery technology
By Blake Brittain (Reuters) – Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe t[...]
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U.S. chip lobby presses Biden to refrain from further China curbs
By Stephen Nellis and Karen Freifeld (Reuters) -The U.S.-based Semiconductor Industry Association trade group on Monday called on the Biden administration to “refrain from further restrictions[...]
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ICE buyout target Black Knight sells second unit to ease antitrust path
By Niket Nishant (Reuters) -U.S. mortgage data vendor Black Knight will sell its Optimal Blue business for $700 million, shedding a second unit to soothe regulatory concerns over its proposed buyout b[...]
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Yellen does not see recession in U.S. – Bloomberg interview
By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Monday the United States was making good progress in bringing inflation down and she did not expect the U.S. economy[...]
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