By Scott DiSavino NEW YORK (Reuters) -Oil prices held near a three-week low on Thursday as investors weighed mixed U.S. economic data, U.S. sanctions on Venezuela and Iran and easing tensions in the M[...]
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April 18, 2024
US creditors push back against some creative funding trades, Moody’s says
By Shankar Ramakrishnan (Reuters) – Lenders are starting to ask for extra protection in junk-rated corporate loans to damp down on a growing practice among some stressed companies to engage in a[...]
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EU backs competitiveness push, but divisions persist
By Philip Blenkinsop and Nette Noestlinger BRUSSELS (Reuters) -European Union leaders agreed to reforms on nine fronts on Thursday to revitalise the bloc’s economy and help it catch the United S[...]
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Analysis-Tesla tries legal ‘Band-Aid’ to revive Musk’s huge pay deal
By Tom Hals and Jody Godoy (Reuters) – Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore Musk’s $56 billion pay package, in an untested move[...]
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Google terminates 28 employees for protest of Israeli cloud contract
(Reuters) – Google said on Thursday it had terminated 28 employees after some staff participated in protests against the company’s cloud contract with the Israeli government. The Alphabet[...]
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Google consolidates its DeepMind and Research teams amid AI push
(Reuters) – Alphabet-owned Google said on Thursday it would consolidate teams that focus on building artificial intelligence models across its Research and DeepMind divisions in its latest push[...]
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L’Oreal sales rise 9.4% as mass market makeup outshines luxury
By Dominique Patton and Mimosa Spencer PARIS (Reuters) -L’Oreal reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a[...]
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Walmart-backed Ibotta shares surge 33% in strong market debut
By Jaiveer Shekhawat and Sri Hari N S (Reuters) -Shares of digital marketing firm Ibotta soared 33% on their debut on the New York Stock Exchange on Thursday, giving the Walmart-backed company a marke[...]
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JPMorgan Chase sues Russia’s VTB Bank over effort to unfreeze assets
By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase sued Russia’s state-owned VTB Bank on Thursday to halt its efforts to recover $439.5 million from an account that was blocked after Russia[...]
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