By Chris Prentice NEW YORK (Reuters) -The U.S. accounting watchdog on Wednesday hit affiliates of KPMG and Deloitte, two of the Big Four auditors, with civil penalties and barred senior leaders at the[...]
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April 10, 2024
NTSB says Southwest engine cover loss caused by maintenance issue
By David Shepardson WASHINGTON (Reuters) -The loss of an engine cover on a Southwest Airlines Boeing 737-800 on Sunday that fell off during takeoff in Denver and struck the wing flap was the result of[...]
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Four Paramount board members to step down amid merger talks, WSJ reports
(Reuters) -Four members of Paramount Global’s board are expected to step down soon as the entertainment giant controlled by Shari Redstone discusses a merger with Skydance Media, the Wall Street[...]
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Chinese car manufacturing in Italy could force tough decisions, says Stellantis CEO
TURIN, Italy (Reuters) -Chinese car manufacturing in Italy could force some tough decisions for Stellantis including plant closures, the head of the Franco-Italian group, Italy’s sole major auto[...]
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Oil settles higher after Israeli strike overshadows ceasefire talks
By Laura Sanicola (Reuters) -Oil prices settled up $1 on Wednesday after three sons of a Hamas leader were killed in an Israeli airstrike in the Gaza Strip, feeding worries that ceasefire talks might[...]
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Fed seen cutting US interest rates later, and less, as inflation stays hot
By Ann Saphir (Reuters) -Prospects for a first Federal Reserve interest-rate cut before the end of summer — or even at all this year — took a body blow on Wednesday with another U.S. infla[...]
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US government’s Apple antitrust suit gets new judge after recusal
By Mike Scarcella (Reuters) – The U.S. Justice Department’s blockbuster case accusing Apple of unlawfully monopolizing the smartphone market was reassigned to U.S. District Judge Julien Ne[...]
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US Treasury’s Adeyemo warns ‘malign’ actors are using virtual assets
(This April 8 story has been corrected to change the title of Mitch McConnell to Senate Republican leader instead of House speaker in paragraph 12) By Andrea Shalal WASHINGTON (Reuters) – The U.[...]
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Barclays reduces Fed rate cut view to one in 2024
By Chuck Mikolajczak NEW YORK (Reuters) – Barclays economics team on Wednesday said it now sees the U.S. Federal Reserve cutting rates just one time in 2024, by 25 basis points (bps), in light o[...]
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