(This Feb. 7 story has been corrected to clarify that the truck did not turn into the intersection, the cyclist did, in paragraphs 4 and 5) (Reuters) – A driverless Waymo car collided with a cyc[...]
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February 8, 2024
Hershey targets cutting $300 million in costs as annual forecasts disappoint
By Granth Vanaik (Reuters) -Hershey on Thursday outlined a new two-year restructuring program that would generate about $300 million in pre-tax savings after projecting annual sales and profit below W[...]
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Oil up 3% on Gaza ceasefire rejection and US fuel stocks data
By Nicole Jao LONDON (Reuters) -Oil prices gained more than 3% on Thursday on concerns of a broadening conflict in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent futures clo[...]
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Fed’s Collins says her baseline expectation is 75 bps of rate cuts this year
(Reuters) – Boston Federal Reserve Bank President Susan Collins on Thursday said she believes the U.S. central bank will likely cut interest rates by three-quarters of a percentage point this ye[...]
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Exclusive-Shale producer Devon Energy in bid to acquire Enerplus -sources
By David French (Reuters) -U.S. oil and gas producer Devon Energy has approached Enerplus , a peer with a market value of C$4 billion ($3 billion), with an acquisition offer, people familiar with the[...]
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First Citizens claims HSBC execs knew of plot to poach Silicon Valley Bank workers
By Daniel Wiessner (Reuters) – First Citizens BancShares claims in a new court filing that executives at HSBC Holdings, including CEO Noel Quinn, condoned a plan to steal employees and confident[...]
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EU’s Vestager doubts if Big Tech will fully comply with landmark EU rules
BRUSSELS (Reuters) – EU antitrust chief Margrethe Vestager on Thursday voiced doubts as to whether Big Tech will fully comply with landmark EU rules aimed at reining in their power and ensure a[...]
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Cisco’s $28 billion Splunk deal set for March 13 EU antitrust decision
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators have set a March 13 deadline to decide whether to clear Cisco Systems’ $28 billion bid for cybersecurity firm Splunk, according[...]
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Yellen sees more commercial real estate stress, losses, but no systemic banking risk
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that she expects additional bank stress and financial losses from weakness in the commercial real est[...]
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