By Ananya Mariam Rajesh (Reuters) -Costco’s shares closed down 7.6% on Friday for its worst day since May 2022 after the membership-only retail chain missed second-quarter revenue expectations a[...]
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March 8, 2024
Embattled lender NYCB announces incoming CEO Otting’s base salary
(Reuters) – New York Community Bancorp said on Friday incoming CEO Joseph Otting will receive an annual base salary of $1.25 million and as of March 6 received a one-time option to acquire 15 mi[...]
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Rivian gains as new launch R2 SUV attracts strong early orders
By Akash Sriram (Reuters) -Rivian’s shares closed more than 2% higher on Friday as its cheaper R2 SUV racked up tens of thousands of reservations within hours of its launch, fueling optimism tha[...]
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Novo Nordisk tackles harm from Ozempic fakes with global authorities
By Patrick Wingrove and Maggie Fick (Reuters) -Novo Nordisk’s CEO on Friday said the company was working with authorities in several countries to tackle counterfeit versions of its popular diabe[...]
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TikTok divestment bill would give government stronger legal position, US DOJ says
By David Shepardson WASHINGTON (Reuters) -The U.S. government would be in a stronger legal position if lawmakers ordered China’s ByteDance to divest TikTok, rather than simply banning the short[...]
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US labor market cooling; unemployment rate rises to two-year high of 3.9%
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in February, but that likely masks underlying softening labor market conditions as the unemployment rate increased to a two-y[...]
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Stocks backpedal from record highs on US payrolls, yields dip
By Alden Bentley and Huw Jones NEW YORK/LONDON (Reuters) -Investors stretched record-breaking stock rallies on Friday, before Wall Street took profits, while U.S. Treasury yields dipped after not-too-[...]
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Microsoft warns Russian hackers still trying to break into its systems
By Zeba Siddiqui and Raphael Satter (Reuters) -Microsoft said on Friday that hackers linked to Russia’s foreign intelligence were trying again to break into its systems, using data stolen from c[...]
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Partners considers sale of German renewables firm VSB, sources say
By Andres Gonzalez, Emma-Victoria Farr and Isla Binnie LONDON/FRANKFURT (Reuters) – Partners Group is exploring options, including a sale, for German renewable energy company VSB Group, six sour[...]
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