By Jonathan Stempel (Reuters) -EBay agreed to pay $59 million and upgrade compliance measures to resolve U.S. Department of Justice allegations it didn’t try hard enough to stop criminals from b[...]
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January 31, 2024
Swiss ban Russian diamond imports, joining latest EU sanctions
ZURICH (Reuters) – Switzerland will ban the import of Russian diamonds in line with the latest round of European Union sanctions designed to punish Moscow for its invasion of Ukraine, the govern[...]
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Byron Allen submits $30 billion offer for Paramount Global, including debt
(Reuters) – Media entrepreneur Byron Allen has submitted a $30 billion offer for Paramount Global, including debt and equity, Allen Media Group said in an emailed statement to Reuters on Tuesday[...]
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Amazon’s abandoned acquisition leaves iRobot in Carlyle debt straightjacket
By Greg Roumeliotis (Reuters) – The collapse of iRobot’s $1.4 billion sale to Amazon will test the cash-strapped robot vacuum cleaner maker’s ability to repay a $200 million loan it[...]
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Cigna sells Medicare business to Health Care Service for $3.3 billion
(Reuters) -Insurer Health Care Service Corp said on Wednesday it would buy Cigna’s Medicare business that manages government-backed health insurance for people aged 65 and older for $3.3 billion[...]
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Novavax announces fresh round of layoffs to rein in costs
(Reuters) -COVID-19 vaccine maker Novavax said on Wednesday it will reduce about 12% of its total workforce as the cash-strapped biotech company seeks to further cut costs amid doubts about its abilit[...]
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Analysis-Megacap stocks keep lifting US market, but worries over their dominance grow
By Lewis Krauskopf NEW YORK (Reuters) -Earnings reports this week from five of the so-called Magnificent Seven stocks are putting a renewed focus on risks from the group’s outsize weighting in the S[...]
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Netgear sues Huawei in US antitrust case over patent licensing
By Blake Brittain (Reuters) – Computer networking company Netgear has sued Huawei in California federal court, claiming the Chinese tech giant broke U.S. antitrust law by refusing to license its[...]
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New US ETF targets ‘Magnificent Seven’ mega-cap technology stocks
By Suzanne McGee (Reuters) – Tidal Financial Group and ZEGA Financial launched a new exchange-traded fund (ETF) designed to profit from future growth in the “Magnificent Seven” growt[...]
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