(Reuters) -IRobot shares slumped more than 30% in early trading on Friday after reports that the European Union antitrust regulator was planning to block Amazon.com’s $1.4 billion buyout of the[...]
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January 19, 2024
Argentina inflation, widening FX gap revive devaluation chatter
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s 211% inflation rate and the return to a widening gap between official and parallel exchange rates is stoking expectations of another de[...]
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Spirit mulls options to refinance debt, says JetBlue deal still intact
By Abhijith Ganapavaram (Reuters) -Spirit Airlines announced on Friday it was assessing options to refinance its 2025 debt maturities amid concerns over its balance sheet, and said its $3.8 billion de[...]
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Super Micro Computer shares surge as AI server demand powers big forecast raise
By Akash Sriram (Reuters) – Shares of Super Micro Computer jumped about 25% to a record high on Friday after the company projected quarterly results well above its current estimates due to stron[...]
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Stellantis to launch 8 models based on new ‘STLA Large’ BEV platform in 2024-2026
MILAN (Reuters) – Stellantis will launch eight electric models by the end of 2026 based on a new platform for large vehicles, the automaker said on Friday presenting its ‘STLA Large’[...]
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Synchrony to buy Ally Financial’s point-of-sale financing business
(Reuters) -Synchrony Financial has agreed to acquire consumer lender Ally Financial’s point-of-sale financing business, including $2.2 billion of loan receivables, the companies said on Friday.[...]
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Blackstone to take Tricon Residential private for $3.5 billion
(Reuters) – Investment management company Blackstone has agreed to take Canadian real estate firm Tricon Residential private for $3.5 billion, the companies said on Friday. U.S.-listed shares of[...]
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Walmart to raise annual wages for US store managers
(This Jan. 18 story has been corrected to remove the reference to hourly wages in paragraph 1) (Reuters) – Walmart said on Thursday that it will raise the annual average salary and bonus for its[...]
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US existing home sales fall in December, supply shows signs of improvement
WASHINGTON (Reuters) – U.S. existing home sales fell in December to the lowest level in nearly 13-1/2 years, but a recovery could be in the cards this year as mortgage rates decline and housing[...]
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