(Reuters) -The National Basketball Association is closing in on media rights deals with Comcast-owned NBC, Disney’s ESPN, and Amazon.com that would generate about $76 billion in media revenue ov[...]
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June 5, 2024
Lockheed Martin to buy up to 25 rocket launches from Firefly Aerospace
(Reuters) – Lockheed Martin has entered a purchase agreement with Firefly Aerospace for up to 25 launches on its Alpha rocket by 2029, the U.S. defense contractor said on Wednesday. Texas-based[...]
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US services sector activity rebounds while private payrolls growth slows
By Dan Burns (Reuters) -The U.S. services sector snapped back into growth mode in May after a short-lived contraction in the prior month, with a measure of business activity improving by the most in t[...]
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Soaring wages, record-low unemployment underscore Russia’s labour squeeze
By Alexander Marrow and Darya Korsunskaya (Reuters) – Russia’s unemployment rate dropped to a record-low 2.6% in April and real wages soared in March, data published by the federal statist[...]
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Power-hungry data centers spur US talks with Big Tech, energy chief Granholm says
By Timothy Gardner, Valerie Volcovici and Leah Douglas WASHINGTON (Reuters) -President Joe Biden’s administration is asking big technology companies to invest in new climate-friendly power gener[...]
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Tesla investor Ron Baron backs Musk’s $56 billion pay plan
Prominent investor Ron Baron has come out in support of Tesla CEO Elon Musk’s $56 billion pay package, which is up for a shareholder vote next week, according to an open letter from the Baron Ca[...]
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Elliott rebuilds stake in SoftBank and pushes for $15 billion buyback, source says
(Reuters) -Activist investor Elliott Management has rebuilt a stake worth more than $2 billion in Japanese technology investor SoftBank Group and is calling for a $15 billion share buyback, a person f[...]
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Toyota to expand production in Alabama with $282 million investment
(Reuters) – Toyota Alabama said on Wednesday it was investing $282 million in Huntsville, Alabama to add new production lines, which will generate around 350 new jobs. This brings the total inve[...]
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Dollar Tree explores sale of struggling Family Dollar banner
By Granth Vanaik and Ananya Mariam Rajesh (Reuters) -Dollar Tree said on Wednesday it was exploring options, including a potential sale or spinoff of its Family Dollar banner, as it looks to restructu[...]
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