By Jonathan Stempel NEW YORK (Reuters) – Johnson & Johnson has agreed to pay $700 million to settle an investigation by 42 U.S. states and Washington, D.C. into its marketing of baby powder[...]
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June 12, 2024
Analysis-UBS market strength puts Swiss industry on edge
By John Revill ZURICH (Reuters) – UBS’s takeover of Credit Suisse has fed a creeping anxiety that Swiss companies will pay a price for the enlarged bank’s outsize market strength. Th[...]
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Morning Bid: US double bill
A look at the day ahead in European and global markets from Tom Westbrook Markets are likely to stay tentative through Europe’s morning hours ahead of a blockbuster session in the U.S., where in[...]
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US to widen sanctions on sale of semiconductor chips to Russia, sources say
By Andrea Shalal WASHINGTON (Reuters) -The U.S. government plans on Wednesday to announce wider sanctions on the sale of semiconductor chips and other goods to Russia, with the goal of targeting third[...]
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Japan May wholesale inflation jumps, complicates BOJ rate hike path
By Leika Kihara TOKYO (Reuters) -Japan’s wholesale inflation jumped in May at the fastest annual pace in nine months, data showed on Wednesday, a sign the weak yen was adding upward pressure on[...]
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New Zealand orders inquiry into banking sector amid competition concerns
(Reuters) – New Zealand will conduct an inquiry to assess competition in the country’s banking sector, focusing on services in rural regions, Finance Minister Nicola Willis said on Wednesd[...]
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Shares of Evergrande EV unit slide 27% after it warns of losing assets
HONG KONG (Reuters) – Shares of China Evergrande New Energy Vehicle Group plunged 27% on Wednesday after it said it faces the risk of losing key assets such as land and equipment. The subsidiary[...]
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Shari Redstone kills potential Paramount merger with Skydance
By Dawn Chmielewski LOS ANGELES (Reuters) -Media heiress Shari Redstone abruptly ended talks with David Ellison’s Skydance Media on Tuesday, killing the potential sale of a controlling stake in[...]
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Nasdaq, S&P 500 post record closing highs as Apple soars
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Nasdaq registered record closing highs for a second straight day on Tuesday, helped by a gain of more than 7% in Apple shares, while in[...]
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