By Dietrich Knauth and Mike Spector NEW YORK(Reuters) -Johnson & Johnson said on Wednesday it is moving forward with a $6.48 billion proposed settlement of tens of thousands of lawsuits alleging t[...]
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May 1, 2024
South Korea consumer inflation eases to 2.9% in April
SEOUL (Reuters) -South Korea’s consumer inflation eased in April for the first time in three months, official data showed on Thursday, coming in lower than economists’ estimates and suppor[...]
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Fed’s Powell says looming US election will not sway rate decisions
By David Lawder and Michael S. Derby NEW YORK (Reuters) -The looming U.S. presidential election will not influence the Federal Reserve’s interest rate decisions, Fed Chair Jerome Powell said on[...]
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AMD, Super Micro spark chip selloff as earnings miss lofty AI expectations
By Harshita Mary Varghese (Reuters) -Advanced Micro Devices and Super Micro Computer led a selloff in chip stocks on Wednesday after their earnings disappointed investors who had piled into the sector[...]
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FTC to bar Pioneer ex-CEO from Exxon board as condition to deal -WSJ
HOUSTON (Reuters) -Exxon Mobil Corp is set to close its $60 billion acquisition of Pioneer Natural Resources after an agreement with antitrust enforcers that will keep former Pioneer CEO Scott Sheffie[...]
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JPMorgan says its Russia assets may be seized after lawsuits in Russia, US
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase said in a filing on Wednesday that its assets in Russia may be seized after lawsuits in Russian and U.S. courts. The bank faces several legal challeng[...]
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Casino Operator MGM beats first-quarter estimates on strength in Macau business
By Anandita Mehrotra (Reuters) – MGM Resorts International beat first-quarter Wall Street estimates on Wednesday, driven by strength in its China operations as the casino operator continues to b[...]
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Qualcomm forecast beats estimates as AI drives chip sales in China
By Stephen Nellis and Arsheeya Bajwa (Reuters) -Qualcomm on Wednesday forecast quarterly sales and adjusted profit above Wall Street expectations, driven by selling more and pricier chips into Android[...]
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Cognizant first-quarter revenue beats estimates on steady spending by clients
(Reuters) – Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermar[...]
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